Ramirez Asset Management Inc. Has $5.36 Million Stake in NVIDIA Corporation $NVDA

Key Points

• Ramirez Asset Management Inc. reduced its stake in NVIDIA Corporation by 13.4%, selling 7,643 shares, and now holds 49,421 shares valued at approximately $5.36 million.
• Analysts are optimistic about NVIDIA's future, with several firms increasing their price targets, with Bank of America raising it from $220.00 to $235.00.
• NVIDIA's stock recently traded down 3.3% to reach $174.18, but the company reported positive quarterly earnings, surpassing analysts' expectations with a revenue of $46.74 billion.

Ramirez Asset Management Inc. lessened its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,421 shares of the computer hardware maker's stock after selling 7,643 shares during the quarter. NVIDIA comprises approximately 1.1% of Ramirez Asset Management Inc.'s investment portfolio, making the stock its 20th biggest holding. Ramirez Asset Management Inc.'s holdings in NVIDIA were worth $5,356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Viawealth LLC increased its position in NVIDIA by 0.4% in the 1st quarter. Viawealth LLC now owns 59,956 shares of the computer hardware maker's stock valued at $6,498,000 after acquiring an additional 244 shares in the last quarter. SLT Holdings LLC grew its position in shares of NVIDIA by 1.0% during the 1st quarter. SLT Holdings LLC now owns 86,957 shares of the computer hardware maker's stock worth $9,424,000 after buying an additional 845 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its position in shares of NVIDIA by 4.0% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 152,179 shares of the computer hardware maker's stock worth $16,493,000 after buying an additional 5,827 shares during the period. Fielder Capital Group LLC grew its position in shares of NVIDIA by 9.7% during the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker's stock worth $5,470,000 after buying an additional 4,444 shares during the period. Finally, Patten & Patten Inc. TN grew its position in shares of NVIDIA by 3.7% during the 1st quarter. Patten & Patten Inc. TN now owns 35,891 shares of the computer hardware maker's stock worth $3,890,000 after buying an additional 1,295 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NVDA shares. Loop Capital boosted their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. The Goldman Sachs Group restated a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a report on Wednesday. KeyCorp restated an "overweight" rating and set a $230.00 price objective (up previously from $215.00) on shares of NVIDIA in a report on Thursday. Raymond James Financial boosted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Finally, Morgan Stanley boosted their price objective on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday. Four investment 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $207.69.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction 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 sale, the chief financial officer owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction 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 directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,862,440 shares of company stock worth $896,145,782. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Down 3.3%

Shares of NVDA stock traded down $5.99 during trading on Friday, reaching $174.18. The company's stock had a trading volume of 242,604,296 shares, compared to its average volume of 168,293,824. The business has a fifty day moving average price of $170.83 and a 200-day moving average price of $139.08. The company has a quick ratio of 2.96, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. 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 1.52 and a beta of 2.14. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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. The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given 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%.

NVIDIA 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.