Next Century Growth Investors LLC cut its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 19.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,700 shares of the computer hardware maker's stock after selling 25,056 shares during the period. Next Century Growth Investors LLC's holdings in NVIDIA were worth $11,022,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Astoria Portfolio Advisors LLC. raised its position in shares of NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after buying an additional 864 shares during the period. Centerpoint Advisory Group grew its stake in NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after purchasing an additional 943 shares in the last quarter. GSB Wealth Management LLC raised 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 acquiring an additional 1,043 shares in the last quarter. Variant Private Wealth LLC boosted 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 valued at $2,038,000 after acquiring an additional 3,206 shares during the period. Finally, Financial Perspectives Inc boosted 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 valued at $4,981,000 after acquiring an additional 1,265 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on NVDA shares. Truist Financial upped their target price on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $215.00 price target on shares of NVIDIA in a research report on Thursday, September 4th. Finally, UBS Group lifted their target price on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.83.
Read Our Latest Report on NVDA
NVIDIA Stock Performance
Shares of NVIDIA stock opened at $177.17 on Friday. The firm has a fifty day moving average of $174.05 and a two-hundred day moving average of $141.23. The stock has a market capitalization of $4.31 trillion, a price-to-earnings ratio of 50.48, a PEG ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week 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.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The company's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.
Insider Activity
In other news, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the transaction, the director owned 368,887 shares in the company, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. This trade represents a 0.10% 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 valued at $633,253,430 over the last quarter. 4.17% of the stock is currently owned by company insiders.
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.
Further Reading
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