NewEdge Wealth LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 67.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,125,020 shares of the computer hardware maker's stock after buying an additional 452,627 shares during the quarter. NVIDIA makes up about 2.2% of NewEdge Wealth LLC's holdings, making the stock its 3rd biggest position. NewEdge Wealth LLC's holdings in NVIDIA were worth $121,930,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of NVDA. GAMMA Investing LLC raised its holdings in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares during the last quarter. Northern Trust Corp increased its position in 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 purchasing an additional 36,266,817 shares in the last quarter. Assenagon Asset Management S.A. increased its position in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in NVIDIA in the 4th quarter valued at about $2,987,733,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in NVIDIA by 11.4% in 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 valued at $26,978,618,000 after purchasing 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 subject of a number of recent research reports. Evercore ISI lifted their price target on shares of NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a report on Friday, August 22nd. Wells Fargo & Company lifted their target price on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. The Goldman Sachs Group reiterated a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, August 27th. Cantor Fitzgerald restated an "overweight" rating and set a $240.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Finally, DA Davidson upped their target price on NVIDIA from $135.00 to $195.00 and gave the company a "neutral" rating in a research note 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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.69.
View Our Latest Stock Report on NVIDIA
Insider Transactions at NVIDIA
In related news, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total value of $12,723,750.00. Following the completion of the transaction, the chief executive officer owned 72,698,366 shares of the company's stock, valued at approximately $12,333,277,791.90. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,951,604 shares of company stock valued at $772,854,889. Insiders own 4.17% of the company's stock.
NVIDIA Trading Up 0.6%
NVDA traded up $1.04 during trading on Thursday, hitting $171.66. 140,239,481 shares of the company's stock were exchanged, compared to its average volume of 238,167,859. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The stock has a 50 day moving average price of $172.21 and a 200 day moving average price of $139.78. The firm has a market cap of $4.17 trillion, a P/E ratio of 48.91, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10. The company has a current ratio of 4.21, a quick ratio of 2.96 and a debt-to-equity ratio of 0.08.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the firm posted $0.68 EPS. The business's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given 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 presently 1.14%.
NVIDIA Profile
(
Free Report)
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.
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