SCS Capital Management LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 130.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 177,996 shares of the computer hardware maker's stock after purchasing an additional 100,739 shares during the quarter. SCS Capital Management LLC's holdings in NVIDIA were worth $19,292,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Elevate Wealth Advisory Inc. boosted its holdings in NVIDIA by 1.7% in the first quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker's stock valued at $500,000 after acquiring an additional 77 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of NVIDIA by 0.7% in the 1st quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker's stock valued at $1,228,000 after purchasing an additional 81 shares during the last quarter. High Note Wealth LLC boosted its stake in shares of NVIDIA by 0.5% in the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock valued at $1,937,000 after purchasing an additional 91 shares during the last quarter. Kelly Financial Services LLC boosted its stake in shares of NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after purchasing an additional 94 shares during the last quarter. Finally, Next Capital Management LLC boosted its stake in shares of NVIDIA by 0.8% in the 1st quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock valued at $1,364,000 after purchasing an additional 94 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the transaction, the director owned 7,749,803 shares in the company, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,975,304 shares of company stock valued at $665,001,763 in the last three months. 4.17% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research analysts have recently issued reports on NVDA shares. Sanford C. Bernstein restated an "outperform" rating and issued a $225.00 price target (up from $185.00) on shares of NVIDIA in a research report on Thursday, August 28th. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the company an "overweight" rating in a research report on Wednesday, August 13th. Citigroup cut their target price on NVIDIA from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, September 8th. Finally, Mizuho boosted their price target on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $208.47.
View Our Latest Analysis on NVIDIA
NVIDIA Stock Performance
NVDA traded down $4.59 during trading hours on Wednesday, reaching $170.29. The company's stock had a trading volume of 210,846,685 shares, compared to its average volume of 174,698,960. 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 is $175.25 and its 200-day moving average is $142.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The firm has a market cap of $4.14 trillion, a PE ratio of 48.52, a price-to-earnings-growth ratio of 1.26 and a beta of 2.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The business 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 $0.01 dividend. 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 dividend payout ratio is currently 1.14%.
About NVIDIA
(
Free Report)
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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