Morningstar Investment Management LLC Buys 103,597 Shares of NVIDIA Corporation $NVDA

Key Points

• Morningstar Investment Management LLC increased its stake in NVIDIA Corporation by 65.2% during the first quarter, holding approximately $28.45 million in shares.
• Insider transactions included Mark A. Stevens selling 935,000 shares and Tench Coxe selling 1,000,000 shares, reflecting a decrease in their positions by 9.21% and 3.61%, respectively.
• Several analysts have issued reports raising their price targets for NVIDIA, with Cantor Fitzgerald setting a target of $240.00 and TD Cowen raising it to $235.00, indicating a generally optimistic outlook on the stock.

Morningstar Investment Management LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 65.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 262,501 shares of the computer hardware maker's stock after purchasing an additional 103,597 shares during the period. NVIDIA comprises 2.4% of Morningstar Investment Management LLC's holdings, making the stock its 11th largest position. Morningstar Investment Management LLC's holdings in NVIDIA were worth $28,450,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter valued at about $50,000. LSV Asset Management acquired a new stake in NVIDIA during the fourth quarter worth approximately $54,000. Kathleen S. Wright Associates Inc. lifted its position in 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 acquiring an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the first quarter worth approximately $51,000. Finally, Bruce G. Allen Investments LLC lifted its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Down 3.3%

NVDA traded down $5.99 during midday trading on Friday, hitting $174.18. 242,604,296 shares of the company were exchanged, compared to its average volume of 168,293,824. The firm has a market capitalization of $4.23 trillion, a P/E ratio of 49.62, a P/E/G ratio of 1.52 and a beta of 2.14. 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 price is $170.83 and its 200-day moving average price is $139.08. The company has a quick ratio of 2.96, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. 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 1.14%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NVDA. Wedbush restated an "outperform" rating and set a $210.00 price objective on shares of NVIDIA in a research report on Thursday. 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. Raymond James Financial boosted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Morgan Stanley boosted their price objective on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, UBS Group boosted their price objective on shares of NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.69.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company'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 in the company, valued at $13,095,196,926. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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.

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.