NVIDIA Corporation $NVDA Shares Acquired by Cary Street Partners Financial LLC

Key Points

• Cary Street Partners Financial LLC increased its holdings in NVIDIA by 5.9% by purchasing an additional 9,535 shares, raising their total ownership to 170,675 shares valued at approximately $18.5 million.
• NVIDIA reported a net margin of 52.41% and a 55.6% year-over-year revenue increase, generating $46.74 billion in revenue during its last quarter, surpassing analyst expectations.
• Several brokerages have raised their price targets for NVIDIA, with Oppenheimer setting a new target of $225.00 following an "outperform" rating, reflecting strong investor confidence.

Cary Street Partners Financial LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,675 shares of the computer hardware maker's stock after purchasing an additional 9,535 shares during the quarter. Cary Street Partners Financial LLC's holdings in NVIDIA were worth $18,498,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of NVIDIA by 0.7% during the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after acquiring an additional 6,665,252 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after acquiring an additional 3,721,331 shares during the period. Northern Trust Corp raised its holdings in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NVIDIA by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock worth $26,978,618,000 after acquiring an additional 20,494,402 shares during the period. Finally, Capital World Investors raised its holdings in shares of NVIDIA by 6.5% during the 4th quarter. Capital World Investors now owns 140,921,614 shares of the computer hardware maker's stock worth $18,925,009,000 after acquiring an additional 8,555,411 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Dawn E. Hudson sold 18,000 shares of the business's stock in a transaction dated 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 sale, the director directly owned 368,887 shares in the company, valued at $63,448,564. This represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the sale, the chief executive officer owned 72,698,366 shares in the company, valued at $12,333,277,791.90. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,872,755 shares of company stock worth $764,283,330 over the last quarter. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of several analyst reports. Citigroup reiterated a "buy" rating and set a $210.00 price target (up previously from $190.00) on shares of NVIDIA in a report on Thursday, August 28th. Craig Hallum lifted their price target on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Friday. Bank of America lifted their price target on NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, Rosenblatt Securities boosted their price objective on shares of NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $207.69.

NVIDIA Trading Down 2.7%

NVDA traded down $4.64 on Friday, hitting $167.02. The company had a trading volume of 223,875,375 shares, compared to its average volume of 167,410,624. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.06 trillion, a P/E ratio of 47.58, a PEG ratio of 1.21 and a beta of 2.10. The company's fifty day moving average price is $172.73 and its 200 day moving average price is $140.21. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business's revenue for the quarter was up 55.6% compared to the same quarter last year. 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. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders 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 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio is 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.