Davis R M Inc. Buys 4,659 Shares of NVIDIA Corporation $NVDA

Key Points

• Davis R M Inc. increased its holdings in NVIDIA Corporation by 0.3%, owning 1,450,526 shares valued at approximately $157.2 million, making NVIDIA the 5th largest position in their portfolio.
• Analysts have raised their target prices for NVIDIA, with Mizuho and UBS setting targets at $205, while Loop Capital suggests a target of $250, indicating a positive outlook on the stock.
• NVIDIA announced a quarterly dividend of $0.01 per share, with an ex-dividend date of September 11th, reflecting a modest annual yield amidst strong revenue growth and earnings performance.

Davis R M Inc. raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,450,526 shares of the computer hardware maker's stock after acquiring an additional 4,659 shares during the quarter. NVIDIA makes up 3.1% of Davis R M Inc.'s investment portfolio, making the stock its 5th biggest holding. Davis R M Inc.'s holdings in NVIDIA were worth $157,208,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. raised its stake in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares in the last quarter. Copia Wealth Management purchased a new position in NVIDIA in the 4th quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC grew its holdings in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in NVIDIA during the 4th quarter valued at $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NVDA. Truist Financial increased their target price on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday. Wells Fargo & Company boosted their target price on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Evercore ISI upped their price target on shares of NVIDIA from $190.00 to $214.00 and gave the company an "outperform" rating in a report on Friday, August 22nd. Barclays increased their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Finally, TD Cowen increased their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, August 19th. 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 given a Sell rating to the stock. According to MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $207.69.

NVIDIA Price Performance

Shares of NVDA stock traded down $5.99 during trading hours on Friday, reaching $174.18. The stock had a trading volume of 242,604,296 shares, compared to its average volume of 168,293,824. The stock's fifty day simple moving average is $170.83 and its 200 day simple moving average is $139.08. The firm has a market capitalization of $4.23 trillion, a PE ratio of 49.62, a PEG ratio of 1.52 and a beta of 2.14. The company has a current ratio of 4.21, a quick ratio of 2.96 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month 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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. 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 presently 1.14%.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $179.76, for a total value of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the transaction, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This 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.