NVIDIA Corporation $NVDA is Menard Financial Group LLC's 2nd Largest Position

Key Points

• Menard Financial Group LLC increased its stake in NVIDIA by 4% in Q1, making NVIDIA its second largest holding, worth approximately $11.25 million.
• NVIDIA's stock price was down by 3.3% and opened at $174.18, with the company reporting a quarterly net margin of 52.41% and a 55.6% increase in revenue compared to the previous year.
• Recent analyst upgrades raised NVIDIA's price targets, with JPMorgan Chase increasing it from $170 to $215, while the stock holds an average rating of "Moderate Buy" with a consensus target price of $207.69.

Menard Financial Group LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,071 shares of the computer hardware maker's stock after purchasing an additional 3,768 shares during the quarter. NVIDIA accounts for about 7.6% of Menard Financial Group LLC's holdings, making the stock its 2nd largest holding. Menard Financial Group LLC's holdings in NVIDIA were worth $11,249,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NVDA. GAMMA Investing LLC raised its holdings in NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares during the period. Northern Trust Corp raised its holdings in NVIDIA by 15.8% in 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 purchasing an additional 36,266,817 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of NVIDIA in the fourth quarter valued at approximately $2,987,733,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of NVIDIA by 11.4% in the fourth 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 valued at $26,978,618,000 after acquiring an additional 20,494,402 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the topic of several research reports. UBS Group raised their target price on NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Barclays raised their target price on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Bank of America raised their target price on NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Morgan Stanley raised their target price on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Finally, Wedbush restated an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $207.69.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 608,248 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the completion of the transaction, the director directly owned 8,247,600 shares in the company, valued at approximately $1,198,046,376. This represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,951,604 shares of company stock valued at $772,854,889. 4.17% of the stock is currently owned by insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded down $0.16 during midday trading on Wednesday, hitting $170.62. The company had a trading volume of 162,238,750 shares, compared to its average volume of 162,821,536. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 2.96. The stock has a market cap of $4.15 trillion, a price-to-earnings ratio of 48.61, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10. The business's 50-day simple moving average is $172.21 and its 200-day simple moving average is $139.78.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The business's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio 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.