Townsquare Capital LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,658,031 shares of the computer hardware maker's stock after acquiring an additional 240,958 shares during the period. NVIDIA accounts for 1.9% of Townsquare Capital LLC's portfolio, making the stock its 7th largest holding. Townsquare Capital LLC's holdings in NVIDIA were worth $179,697,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of NVIDIA by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after acquiring an additional 3,721,331 shares during the last quarter. Northern Trust Corp raised its stake in shares of NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after acquiring an additional 36,266,817 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 during the last quarter. Goldman Sachs Group Inc. raised its position in NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. Finally, Capital World Investors raised its position in NVIDIA by 6.5% in 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 purchasing an additional 8,555,411 shares during the last quarter. Institutional investors own 65.27% of the company's stock.
NVIDIA Stock Up 3.4%
NVDA traded up $5.73 during trading on Wednesday, hitting $176.49. The company had a trading volume of 165,142,157 shares, compared to its average volume of 236,777,578. The firm's 50-day moving average price is $173.29 and its 200 day moving average price is $140.65. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The company has a market capitalization of $4.29 trillion, a PE ratio of 50.35, a PEG ratio of 1.22 and a beta of 2.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the previous year, the firm posted $0.68 EPS. The company's revenue for the quarter was up 55.6% on a year-over-year basis. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on NVDA. Oppenheimer reaffirmed an "outperform" rating and set a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Wolfe Research boosted their price target on shares of NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. UBS Group boosted their price target on shares of NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, August 21st. TD Cowen boosted their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Finally, Benchmark boosted their price target on shares of NVIDIA from $190.00 to $220.00 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 issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $207.42.
View Our Latest Stock Report on NVIDIA
Insider Transactions at NVIDIA
In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the completion of the transaction, the chief executive officer owned 72,398,366 shares of the company's stock, valued at approximately $12,286,726,693.86. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dawn E. Hudson sold 18,000 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was 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 of the company's stock, valued at approximately $63,448,564. The trade was a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,832,755 shares of company stock worth $619,935,680. 4.17% of the stock is owned by insiders.
About NVIDIA
(
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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