NVIDIA Corporation $NVDA is Zevenbergen Capital Investments LLC's Largest Position

Key Points

• Zevenbergen Capital Investments LLC has trimmed its NVIDIA holdings by 0.6%, making NVIDIA its largest position at approximately 8.2% of its portfolio, valued at $336.8 million.
• Several institutional investors have increased their stakes in NVIDIA, with notable increases including Kathleen S. Wright Associates Inc. raising their stake by 169.3% and Campbell Capital Management increasing theirs by 5,900% in Q1.
• NVIDIA recently reported a quarter earnings of $1.05 per share, exceeding analysts' estimates, alongside declaring a quarterly dividend of $0.01 per share, with an annualized yield of 0.0%.

Zevenbergen Capital Investments LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,107,930 shares of the computer hardware maker's stock after selling 19,379 shares during the period. NVIDIA comprises approximately 8.2% of Zevenbergen Capital Investments LLC's portfolio, making the stock its largest position. Zevenbergen Capital Investments LLC's holdings in NVIDIA were worth $336,837,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Kathleen S. Wright Associates Inc. raised its stake in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the last quarter. Copia Wealth Management bought a new position in shares of NVIDIA during the fourth quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA during the first quarter valued at about $51,000. Bruce G. Allen Investments LLC raised its stake in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. raised its stake in shares of NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after acquiring an additional 590 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the sale, the director owned 368,887 shares in the company, valued at $63,448,564. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the sale, the chief executive officer owned 72,398,366 shares in the company, valued at approximately $12,286,726,693.86. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,832,755 shares of company stock worth $619,935,680. Corporate insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $168.31 on Tuesday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a 50 day simple moving average of $172.94 and a two-hundred day simple moving average of $140.44. The company has a market capitalization of $4.09 trillion, a price-to-earnings ratio of 47.95, a P/E/G ratio of 1.21 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The business's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.14%.

Analysts Set New Price Targets

Several brokerages have recently commented on NVDA. KeyCorp reaffirmed an "overweight" rating and set a $230.00 price objective (up from $215.00) on shares of NVIDIA in a research note on Thursday, August 28th. Loop Capital increased their price target on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Wells Fargo & Company increased their price target on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Oppenheimer reissued an "outperform" rating and issued a $225.00 price target (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $207.42.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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