NVIDIA Corporation $NVDA Shares Acquired by Delta Financial Group Inc.

Delta Financial Group Inc. boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 32.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,197 shares of the computer hardware maker's stock after buying an additional 13,487 shares during the period. NVIDIA accounts for about 1.4% of Delta Financial Group Inc.'s portfolio, making the stock its 12th largest holding. Delta Financial Group Inc.'s holdings in NVIDIA were worth $5,982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. grew its holdings 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 worth $44,000 after buying an additional 254 shares in the last quarter. Copia Wealth Management acquired a new position in NVIDIA during the fourth quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC raised 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 purchased a new position in NVIDIA in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NVDA. Truist Financial upped their price target on NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Oppenheimer restated an "outperform" rating and issued a $225.00 target price (up from $200.00) on shares of NVIDIA in a report 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 report on Wednesday, June 25th. Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Finally, KeyCorp restated an "overweight" rating and set a $230.00 price objective (up from $215.00) on shares of NVIDIA in a research report 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 assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $207.69.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 608,248 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total value of $88,354,104.48. Following the sale, the director directly owned 8,247,600 shares of the company's stock, valued at approximately $1,198,046,376. This represents a 6.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the sale, the director owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,951,604 shares of company stock valued at $772,854,889. Corporate insiders own 4.17% of the company's stock.

NVIDIA Trading Up 0.6%

Shares of NVDA stock traded up $1.04 on Thursday, hitting $171.66. The stock had a trading volume of 140,239,481 shares, compared to its average volume of 238,167,859. The firm has a market capitalization of $4.17 trillion, a P/E ratio of 48.91, a P/E/G ratio of 1.30 and a beta of 2.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 2.96. The company's 50 day moving average price is $172.21 and its 200-day moving average price is $139.78.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 business 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 company's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.