Maridea Wealth Management LLC Increases Stake in NVIDIA Corporation $NVDA

Maridea Wealth Management LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 25.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,333 shares of the computer hardware maker's stock after acquiring an additional 9,284 shares during the quarter. NVIDIA accounts for approximately 1.6% of Maridea Wealth Management LLC's investment portfolio, making the stock its 12th largest position. Maridea Wealth Management LLC's holdings in NVIDIA were worth $4,913,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NVDA. Paradigm Strategies in Wealth Management LLC increased its stake in shares of NVIDIA by 37.1% in the first quarter. Paradigm Strategies in Wealth Management LLC now owns 2,995 shares of the computer hardware maker's stock valued at $325,000 after buying an additional 810 shares during the period. Schubert & Co boosted its holdings in NVIDIA by 19.5% in the first quarter. Schubert & Co now owns 5,397 shares of the computer hardware maker's stock valued at $585,000 after acquiring an additional 881 shares during the last quarter. AGP Franklin LLC boosted its holdings in shares of NVIDIA by 25.3% during the 1st quarter. AGP Franklin LLC now owns 72,043 shares of the computer hardware maker's stock worth $8,083,000 after buying an additional 14,545 shares in the last quarter. Solidarity Wealth LLC boosted its holdings in shares of NVIDIA by 18.0% during the 1st quarter. Solidarity Wealth LLC now owns 16,339 shares of the computer hardware maker's stock worth $1,771,000 after buying an additional 2,495 shares in the last quarter. Finally, Lazard Freres Gestion S.A.S. boosted its holdings in shares of NVIDIA by 12.4% during the 1st quarter. Lazard Freres Gestion S.A.S. now owns 1,328,782 shares of the computer hardware maker's stock worth $144,013,000 after buying an additional 146,414 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research reports. Evercore ISI upped their target price on NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $225.00 target price (up from $185.00) on shares of NVIDIA in a research report on Thursday. TD Cowen increased their price target on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. increased their price target on NVIDIA from $170.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, DA Davidson increased their price target on NVIDIA from $135.00 to $195.00 and gave the company a "neutral" rating in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $206.54.

NVIDIA Stock Performance

Shares of NVIDIA stock traded down $1.43 during trading hours on Thursday, hitting $180.17. 281,040,214 shares of the company's stock traded hands, compared to its average volume of 165,288,688. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The stock has a market capitalization of $4.40 trillion, a price-to-earnings ratio of 51.33, a PEG ratio of 1.59 and a beta of 2.14. The company has a fifty day simple moving average of $169.53 and a 200-day simple moving average of $138.41. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 109.66% and a net margin of 52.41%.The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. The ex-dividend date 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 1.29%.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the sale, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction dated 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 sale, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,912,440 shares of company stock worth $902,886,782 in the last 90 days. 4.17% of the stock is owned by company insiders.

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.