University of Texas Texas AM Investment Management Co. Has $18.74 Million Position in NVIDIA Corporation $NVDA

Key Points

• The University of Texas Texas AM Investment Management Co. increased its holdings in NVIDIA Corporation (NASDAQ: NVDA) by 2.4%, now owning 172,887 shares worth approximately $18.7 million.
• Wall Street analysts have a positive outlook on NVIDIA, with an average price target of $194.31 and multiple upgrades, including Bank of America's adjustment from $180 to $220.
• NVIDIA has declared a quarterly dividend of $0.01 per share, reflecting a low yield of 0.0%, as part of its financial announcements.

University of Texas Texas AM Investment Management Co. increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,887 shares of the computer hardware maker's stock after purchasing an additional 4,116 shares during the period. NVIDIA accounts for 3.2% of University of Texas Texas AM Investment Management Co.'s portfolio, making the stock its 3rd largest holding. University of Texas Texas AM Investment Management Co.'s holdings in NVIDIA were worth $18,737,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. Kathleen S. Wright Associates Inc. increased its holdings in NVIDIA by 169.3% in the 1st 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 stake in NVIDIA in the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC increased its holdings in NVIDIA by 198.2% in the 1st 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, LSV Asset Management bought a new stake in NVIDIA in the 4th quarter valued at $54,000. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on NVDA shares. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 price objective on shares of NVIDIA in a research note on Thursday. Benchmark lifted their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday. Needham & Company LLC reissued a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Thursday. Finally, Wells Fargo & Company lifted their price objective 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. Four 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $207.69.

NVIDIA Trading Down 3.3%

Shares of NVDA stock traded down $5.99 during trading hours on Friday, reaching $174.18. 242,604,296 shares of the stock were exchanged, compared to its average volume of 168,293,824. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a current ratio of 4.21, a quick ratio of 2.96 and a debt-to-equity ratio of 0.08. The company's 50-day moving average price is $170.83 and its 200-day moving average price is $139.08. The firm has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 49.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.14.

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

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's payout ratio is 1.14%.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the completion of the sale, the chief executive officer directly owned 72,848,225 shares of the company's stock, valued at $13,095,196,926. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the sale, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,862,440 shares of company stock valued at $896,145,782. 4.17% of the stock is owned by corporate insiders.

NVIDIA Company Profile

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.