Cumberland Partners Ltd Purchases 181,340 Shares of NVIDIA Corporation $NVDA

Key Points

• Cumberland Partners Ltd increased its holdings in NVIDIA shares by 130.2% to approximately 320,624 shares, making it the firm's 10th largest investment.
• A significant insider transaction included Director Tench Coxe selling 1 million shares for around $142.8 million, while CEO Jen Hsun Huang sold 75,000 shares valued at about $11.4 million.
• Analyst sentiments are positive, with firms like KeyCorp and Craig Hallum raising their price targets for NVIDIA, indicating a general consensus of a "Moderate Buy" rating for the stock.

Cumberland Partners Ltd increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 130.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 320,624 shares of the computer hardware maker's stock after acquiring an additional 181,340 shares during the period. NVIDIA makes up about 2.7% of Cumberland Partners Ltd's portfolio, making the stock its 10th biggest holding. Cumberland Partners Ltd's holdings in NVIDIA were worth $34,749,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. High Note Wealth LLC increased its holdings in NVIDIA by 0.5% in the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock worth $1,937,000 after buying an additional 91 shares during the period. Kelly Financial Services LLC increased its stake in shares of NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock worth $513,000 after acquiring an additional 94 shares during the period. Next Capital Management LLC lifted its position in NVIDIA by 0.8% during the first quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock valued at $1,364,000 after purchasing an additional 94 shares during the period. Mendel Capital Management LLC boosted its holdings in NVIDIA by 0.8% in the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock valued at $1,287,000 after purchasing an additional 96 shares during the last quarter. Finally, Affiance Financial LLC grew its position in NVIDIA by 0.7% during the 1st quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker's stock worth $1,479,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the sale, the chief executive officer 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the business'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 transaction, the chief financial officer owned 2,956,876 shares in the company, valued at approximately $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. Insiders sold a total of 4,801,604 shares of company stock valued at $747,046,639 in the last 90 days. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NVDA shares. Loop Capital upped their price objective on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Sanford C. Bernstein restated an "outperform" rating and issued a $225.00 price target (up previously from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Craig Hallum increased their price target on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Bank of America boosted their price objective on NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NVIDIA from $170.00 to $215.00 and gave the stock an "overweight" rating in a 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 assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $207.69.

NVIDIA Stock Performance

NASDAQ NVDA traded down $3.40 during trading hours on Tuesday, hitting $170.78. The company had a trading volume of 230,285,881 shares, compared to its average volume of 162,821,536. The business has a 50 day moving average of $171.43 and a 200-day moving average of $139.35. The company has a market cap of $4.15 trillion, a PE ratio of 48.66, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. 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 announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during 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 business's revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed 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 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 presently 1.14%.

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.