NVIDIA Corporation $NVDA Position Increased by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs increased its position in NVIDIA by 123.5% during Q1, acquiring an additional 103.9 million shares, making NVIDIA the firm's third largest investment.
• Institutional investors collectively own 65.27% of NVIDIA, with several firms, including Astoria Portfolio Advisors and Centerpoint Advisory Group, also increasing their stakes in the company.
• NVIDIA reported earnings of $1.05 per share for the last quarter, exceeding analysts' expectations, along with a significant revenue increase of 55.6% year-over-year.

Goldman Sachs Group Inc. lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 123.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 187,995,213 shares of the computer hardware maker's stock after acquiring an additional 103,889,872 shares during the quarter. NVIDIA accounts for about 3.3% of Goldman Sachs Group Inc.'s investment portfolio, making the stock its 3rd biggest position. Goldman Sachs Group Inc. owned approximately 0.77% of NVIDIA worth $20,374,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Astoria Portfolio Advisors LLC. increased its position in shares of NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after acquiring an additional 864 shares during the last quarter. Centerpoint Advisory Group increased its position in shares of NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after acquiring an additional 943 shares during the last quarter. GSB Wealth Management LLC grew its stake in NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after purchasing an additional 1,043 shares in the last quarter. Variant Private Wealth LLC grew its stake in NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after purchasing an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc grew its stake in NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after purchasing an additional 1,265 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the sale, the chief executive officer owned 72,698,366 shares of the company's stock, valued at approximately $12,333,277,791.90. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dawn E. Hudson sold 18,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total value of $3,096,000.00. Following the sale, the director directly owned 368,887 shares in the company, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,872,755 shares of company stock worth $764,283,330. Corporate insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NVDA shares. Rosenblatt Securities lifted their price target on NVIDIA from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. The Goldman Sachs Group reiterated a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, August 27th. Truist Financial lifted their price target on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Loop Capital lifted their price target on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Finally, Bank of America lifted their price target on NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $207.69.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $167.02 on Friday. The firm's 50-day moving average price is $172.73 and its two-hundred day moving average price is $140.20. The stock has a market capitalization of $4.06 trillion, a P/E ratio of 47.58, a P/E/G ratio of 1.25 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly 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. The company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's payout ratio is 1.14%.

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.

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