NVIDIA Corporation $NVDA Shares Acquired by First Long Island Investors LLC

Key Points

• First Long Island Investors LLC increased its stake in NVIDIA Corporation by 3.1%, holding approximately 385,955 shares valued at around $41.83 million, making it the firm's 6th largest investment.
• NVIDIA's CEO Jen Hsun Huang sold 75,000 shares of the company for approximately $13.32 million, while the company reported a strong quarterly performance with a revenue increase of 55.6% year-over-year.
• Analysts remain positive on NVIDIA, with several firms raising their price targets, while the average target now stands at $207.83 and the stock has a prominent "buy" rating from the majority of analysts.

First Long Island Investors LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 385,955 shares of the computer hardware maker's stock after acquiring an additional 11,496 shares during the period. NVIDIA accounts for approximately 3.4% of First Long Island Investors LLC's investment portfolio, making the stock its 6th biggest holding. First Long Island Investors LLC's holdings in NVIDIA were worth $41,830,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. grew its holdings in 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 acquiring an additional 254 shares during the period. Copia Wealth Management acquired a new stake in NVIDIA during the 4th quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the 1st quarter worth about $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 worth $53,000 after acquiring an additional 327 shares during the period. Finally, Campbell Capital Management Inc. grew its holdings in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the transaction, the chief executive officer directly owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $3,096,000.00. Following the completion of the transaction, the director owned 368,887 shares of the company's stock, valued at $63,448,564. This represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,405,552 shares of company stock worth $721,811,877 in the last quarter. Insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Stifel Nicolaus increased their price target on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a report on Monday, August 25th. Jefferies Financial Group increased their price objective on shares of NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Loop Capital increased their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Barclays increased their price objective 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, Benchmark increased their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $207.83.

NVIDIA Price Performance

NVIDIA stock opened at $177.75 on Tuesday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The company's 50 day moving average price is $174.81 and its two-hundred day moving average price is $142.18. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.32 trillion, a P/E ratio of 50.64, a P/E/G ratio of 1.29 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping 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 firm had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter last year, the firm earned $0.68 EPS. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

NVIDIA 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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