Hurley Capital LLC Has $451,000 Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Hurley Capital LLC increased its stake in NVIDIA Corporation by 56.0% during the first quarter, bringing its total ownership to 4,164 shares worth approximately $451,000.
• NVIDIA reported $1.05 earnings per share for the last quarter, surpassing estimates, and achieved a revenue of $46.74 billion, marking a 55.6% increase year-over-year.
• The company announced a quarterly dividend of $0.01 per share, reflecting a low annualized dividend yield of 0.0% and a payout ratio of 1.14%.

Hurley Capital LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 56.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,164 shares of the computer hardware maker's stock after acquiring an additional 1,495 shares during the quarter. Hurley Capital LLC's holdings in NVIDIA were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. lifted its stake in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA in the first quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its holdings in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the last quarter. Finally, LSV Asset Management bought a new stake in NVIDIA in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer directly owned 72,848,225 shares of the company's stock, valued at $13,095,196,926. The trade was a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the transaction, the chief financial officer directly owned 2,956,876 shares in the company, valued at $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,862,440 shares of company stock worth $896,145,782. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA traded down $5.99 during trading 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 market cap of $4.23 trillion, a P/E ratio of 49.62, a PEG ratio of 1.52 and a beta of 2.14. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The business's 50-day moving average is $170.83 and its 200 day moving average is $139.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.96 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) 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 analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's revenue was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Analyst Ratings Changes

Several brokerages recently weighed in on NVDA. DA Davidson boosted their price objective on NVIDIA from $135.00 to $195.00 and gave the company a "neutral" rating in a report on Thursday. TD Cowen boosted their price objective on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 price objective on shares of NVIDIA in a report on Thursday. Wells Fargo & Company upped their target price on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Finally, Raymond James Financial upped their target price on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $207.69.

NVIDIA Company 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.