AGP Franklin LLC Grows Stake in NVIDIA Corporation $NVDA

Key Points

• AGP Franklin LLC increased its holdings in NVIDIA Corporation by 25.3%, acquiring an additional 14,545 shares and making NVIDIA its second-largest investment with a value of $8,083,000.
• Recent analyst ratings have been positive, with firms like Mizuho and Bank of America raising their price targets for NVIDIA shares to as high as $235.00, contributing to a general consensus of a "Moderate Buy".
• NVIDIA declared a quarterly dividend of $0.01 per share to be paid on October 2nd, reflecting a low annualized yield of 0.0% with a payout ratio of just 1.29%.

AGP Franklin LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 25.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,043 shares of the computer hardware maker's stock after purchasing an additional 14,545 shares during the quarter. NVIDIA makes up approximately 5.0% of AGP Franklin LLC's portfolio, making the stock its 2nd biggest position. AGP Franklin LLC's holdings in NVIDIA were worth $8,083,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after purchasing an additional 22,929 shares during the period. Highview Capital Management LLC DE boosted its stake in shares of NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC increased its position in shares of NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after buying an additional 11,900 shares during the period. Finally, Ausdal Financial Partners Inc. raised its stake in NVIDIA by 47.7% in the fourth quarter. Ausdal Financial Partners Inc. now owns 107,759 shares of the computer hardware maker's stock worth $14,471,000 after buying an additional 34,778 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Down 3.3%

NVDA stock traded down $5.99 during trading on Friday, hitting $174.18. 242,604,296 shares of the stock traded hands, compared to its average volume of 168,293,824. The stock has a market cap of $4.23 trillion, a price-to-earnings ratio of 49.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 2.96. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The firm's 50 day moving average is $170.83 and its two-hundred day moving average is $139.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (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 the consensus estimate of $45.65 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The business's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NVDA. Wells Fargo & Company increased their target price on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. DA Davidson upped their price target on NVIDIA from $135.00 to $195.00 and gave the stock a "neutral" rating in a research note on Thursday. Cantor Fitzgerald reissued an "overweight" rating and set a $240.00 price objective on shares of NVIDIA in a research report on Thursday. Raymond James Financial upped their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Finally, Robert W. Baird lifted their price target on shares of NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Four equities research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $207.69.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the director owned 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,862,440 shares of company stock worth $896,145,782 in the last ninety days. Insiders own 4.17% of the company's stock.

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.