Federated Hermes Inc. Acquires 511,429 Shares of NVIDIA Corporation $NVDA

Key Points

• Federated Hermes Inc. increased its stake in NVIDIA Corporation by 7.8%, acquiring a total of 7,071,155 shares valued at approximately $766.37 million, making it the firm's second largest holding.
• NVIDIA's stock recently traded down 3.3% to $174.18, with a market cap of $4.23 trillion and significant earnings growth, reporting a net revenue of $46.74 billion for the last quarter.
• The company has announced a quarterly dividend of $0.01 per share, with an annual dividend yield of 0.0%, and several brokerages have raised their price targets for NVIDIA, indicating a "Moderate Buy" consensus rating.

Federated Hermes Inc. grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,071,155 shares of the computer hardware maker's stock after purchasing an additional 511,429 shares during the quarter. NVIDIA accounts for about 1.7% of Federated Hermes Inc.'s holdings, making the stock its 2nd biggest holding. Federated Hermes Inc.'s holdings in NVIDIA were worth $766,372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Astoria Portfolio Advisors LLC. boosted its stake in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the period. Centerpoint Advisory Group boosted its stake in shares of NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares during the period. GSB Wealth Management LLC boosted its stake in shares of NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC lifted its stake in NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after acquiring an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc lifted its stake in NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after acquiring an additional 1,265 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NVDA shares. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $170.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday. Wedbush reiterated an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a research note on Thursday. Wells Fargo & Company lifted their price target 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. Finally, Benchmark lifted their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $207.69.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director directly 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,736,604 shares of company stock valued at $878,806,839. Insiders own 4.17% of the company's stock.

NVIDIA Stock Down 3.3%

NVDA stock traded down $5.99 during midday trading on Monday, reaching $174.18. 242,604,296 shares of the company were exchanged, compared to its average volume of 170,230,272. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The stock's 50-day simple moving average is $171.43 and its 200 day simple moving average is $139.35. The company has a market cap of $4.23 trillion, a price-to-earnings ratio of 49.62, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping 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 company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter last year, the company earned $0.68 earnings per share. The firm'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, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm 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 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.