NVIDIA Corporation $NVDA is EFG Asset Management Americas Corp.'s 4th Largest Position

Key Points

• EFG Asset Management Americas Corp. increased its stake in NVIDIA by 9.5%, owning 133,462 shares worth approximately $14.47 million, making it the fourth-largest position in their holdings.
• NVIDIA recently declared a quarterly dividend of $0.01 per share, with a payout ratio of 1.14%, and the dividend will be paid on October 2nd.
• Analysts have issued several upgrades for NVIDIA, with price targets reaching up to $235.00, and the average consensus price target currently stands at $207.69.

EFG Asset Management Americas Corp. boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,462 shares of the computer hardware maker's stock after purchasing an additional 11,553 shares during the period. NVIDIA comprises approximately 2.9% of EFG Asset Management Americas Corp.'s holdings, making the stock its 4th largest position. EFG Asset Management Americas Corp.'s holdings in NVIDIA were worth $14,465,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pasadena Private Wealth LLC lifted its position in NVIDIA by 7.6% in the first quarter. Pasadena Private Wealth LLC now owns 8,622 shares of the computer hardware maker's stock valued at $934,000 after purchasing an additional 610 shares during the period. Harbour Investments Inc. lifted its position in NVIDIA by 1.7% in the first quarter. Harbour Investments Inc. now owns 248,484 shares of the computer hardware maker's stock valued at $26,931,000 after purchasing an additional 4,236 shares during the period. HHM Wealth Advisors LLC lifted its position in NVIDIA by 13.4% in the first quarter. HHM Wealth Advisors LLC now owns 20,913 shares of the computer hardware maker's stock valued at $2,267,000 after purchasing an additional 2,464 shares during the period. Sound View Wealth Advisors Group LLC lifted its position in shares of NVIDIA by 1.5% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 231,566 shares of the computer hardware maker's stock valued at $25,097,000 after acquiring an additional 3,331 shares during the period. Finally, Collaborative Wealth Managment Inc. lifted its position in shares of NVIDIA by 10.9% during the 1st quarter. Collaborative Wealth Managment Inc. now owns 4,277 shares of the computer hardware maker's stock valued at $464,000 after acquiring an additional 419 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares in the company, valued at $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,862,440 shares of company stock worth $896,145,782 in the last 90 days. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

NVDA has been the subject of a number of recent research reports. TD Cowen raised their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. KeyCorp restated an "overweight" rating and set a $230.00 target price (up previously from $215.00) on shares of NVIDIA in a report on Thursday. Truist Financial lifted their target price on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a report on Thursday. Loop Capital upped their target price on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $240.00 price objective on shares of NVIDIA in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $207.69.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded down $5.99 on Friday, hitting $174.18. The company had a trading volume of 242,604,296 shares, compared to its average volume of 168,293,824. 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 stock has a 50 day moving average price of $170.83 and a 200 day moving average price of $139.08. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The stock has a market cap of $4.23 trillion, a price-to-earnings ratio of 49.62, a P/E/G ratio of 1.52 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS 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 the consensus estimate of $45.65 billion. During the same period in the prior year, the company posted $0.68 earnings per share. NVIDIA's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders 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 annualized dividend and a yield of 0.0%. 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.