Russell Investments Group Ltd. cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,264,136 shares of the computer hardware maker's stock after selling 222,623 shares during the quarter. NVIDIA accounts for approximately 3.2% of Russell Investments Group Ltd.'s holdings, making the stock its 3rd biggest position. Russell Investments Group Ltd. owned approximately 0.09% of NVIDIA worth $2,308,091,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. High Note Wealth LLC grew its stake in NVIDIA by 0.5% during the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock worth $1,937,000 after buying an additional 91 shares during the last quarter. Kelly Financial Services LLC grew its stake in shares of NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock worth $513,000 after purchasing an additional 94 shares in the last quarter. Next Capital Management LLC grew its stake in shares of NVIDIA by 0.8% in the first quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock worth $1,364,000 after purchasing an additional 94 shares in the last quarter. Mendel Capital Management LLC grew its stake in shares of NVIDIA by 0.8% in the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock worth $1,287,000 after purchasing an additional 96 shares in the last quarter. Finally, Affiance Financial LLC lifted its holdings in shares of NVIDIA by 0.7% in the first quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker's stock valued at $1,479,000 after buying an additional 97 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
NVIDIA Stock Performance
Shares of NVDA stock opened at $170.76 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The stock's 50-day moving average is $173.29 and its two-hundred day moving average is $140.65. The firm has a market cap of $4.15 trillion, a P/E ratio of 48.65, a PEG ratio of 1.22 and a beta of 2.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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. 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 analyst estimates of $45.65 billion. During the same period in the prior year, the firm posted $0.68 EPS. The business's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on NVDA. TD Cowen upped their price objective on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Jefferies Financial Group upped their price objective on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Benchmark upped their price objective on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Wells Fargo & Company upped their target price on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Finally, Arete Research raised NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued 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 a consensus target price of $207.42.
Get Our Latest Stock Analysis on NVIDIA
Insider Activity
In other news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,832,755 shares of company stock valued at $619,935,680. 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.
Further Reading
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