GLOBALT Investments LLC GA cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 159,767 shares of the computer hardware maker's stock after selling 6,442 shares during the quarter. NVIDIA accounts for 0.7% of GLOBALT Investments LLC GA's portfolio, making the stock its 22nd largest position. GLOBALT Investments LLC GA's holdings in NVIDIA were worth $17,316,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. increased its position in shares of NVIDIA by 0.9% during the 1st 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 increased its position in shares of NVIDIA by 2.5% during the 1st 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 increased its position in shares of NVIDIA by 3.3% during the 1st 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 increased its position in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc increased its position in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Price Performance
NASDAQ NVDA opened at $177.99 on Monday. The company has a 50 day simple moving average of $167.35 and a 200-day simple moving average of $137.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a market capitalization of $4.34 trillion, a price-to-earnings ratio of 57.42, a price-to-earnings-growth ratio of 1.56 and a beta of 2.14. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. NVIDIA has set its Q2 2026 guidance at EPS. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.29%.
Analyst Ratings Changes
A number of brokerages have recently commented on NVDA. Oppenheimer increased their price objective on NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Jefferies Financial Group increased their price objective on NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. The Goldman Sachs Group began coverage on NVIDIA in a research report on Thursday, July 10th. They set a "buy" rating and a $185.00 price objective for the company. Mizuho increased their price objective on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Finally, Raymond James Financial increased 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. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $192.44.
Read Our Latest Stock Analysis on NVDA
Insider Buying and Selling
In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares in the company, valued at $526,501,340.56. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the sale, the chief executive officer owned 72,848,225 shares of the company's stock, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,912,440 shares of company stock valued at $902,886,782. Insiders own 4.17% of the company's stock.
NVIDIA Profile
(
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.
See Also
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