Appaloosa LP lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 55.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the computer hardware maker's stock after selling 380,001 shares during the quarter. NVIDIA accounts for 0.4% of Appaloosa LP's portfolio, making the stock its 28th largest position. Appaloosa LP's holdings in NVIDIA were worth $32,514,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the business. Aprio Wealth Management LLC grew its position in shares of NVIDIA by 1.3% in the 1st quarter. Aprio Wealth Management LLC now owns 26,897 shares of the computer hardware maker's stock worth $2,915,000 after acquiring an additional 348 shares in the last quarter. 5th Street Advisors LLC grew its position in shares of NVIDIA by 11.4% in the 1st quarter. 5th Street Advisors LLC now owns 3,072 shares of the computer hardware maker's stock worth $333,000 after acquiring an additional 315 shares in the last quarter. Paragon Private Wealth Management LLC grew its position in shares of NVIDIA by 12.2% in the 1st quarter. Paragon Private Wealth Management LLC now owns 58,201 shares of the computer hardware maker's stock worth $6,308,000 after acquiring an additional 6,343 shares in the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its position in shares of NVIDIA by 4.1% in the 1st quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 24,279 shares of the computer hardware maker's stock worth $2,631,000 after acquiring an additional 950 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its position in shares of NVIDIA by 5.6% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 2,840,172 shares of the computer hardware maker's stock worth $307,878,000 after acquiring an additional 151,041 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
NVIDIA Stock Up 0.4%
NVDA opened at $177.82 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The stock's fifty day moving average is $174.42 and its 200-day moving average is $141.58. The company has a market capitalization of $4.32 trillion, a PE ratio of 50.66, a P/E/G ratio of 1.29 and a beta of 2.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid 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 currently 1.14%.
Wall Street Analysts Forecast Growth
NVDA has been the subject of a number of analyst reports. 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. Oppenheimer restated an "outperform" rating and set a $225.00 price objective (up previously from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Raymond James Financial boosted their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Jefferies Financial Group boosted their price objective on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $207.83.
Read Our Latest Research Report on NVDA
Insiders Place Their Bets
In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the sale, the chief executive officer owned 72,248,366 shares of the company's stock, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dawn E. Hudson sold 18,000 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the completion of the sale, the director directly owned 368,887 shares in the company, valued at $63,448,564. This represents a 4.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,907,755 shares of company stock worth $633,253,430 in the last three months. Company insiders own 4.17% of the company's stock.
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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