Scotia Capital Inc. lessened its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,932,353 shares of the computer hardware maker's stock after selling 95,494 shares during the period. NVIDIA makes up approximately 1.7% of Scotia Capital Inc.'s holdings, making the stock its 17th largest position. Scotia Capital Inc.'s holdings in NVIDIA were worth $317,809,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after buying an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE raised its stake in shares of NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after buying an additional 3,653 shares during the period. Hudson Value Partners LLC lifted its position in shares of NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after buying an additional 11,900 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its stake in shares of NVIDIA by 26.9% during the 4th quarter. Arete Wealth Advisors LLC now owns 247,450 shares of the computer hardware maker's stock valued at $33,306,000 after acquiring an additional 52,482 shares during the period. 65.27% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have weighed in on NVDA shares. Wolfe Research lifted their price target on shares of NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. BNP Paribas raised NVIDIA to a "hold" rating in a report on Friday, August 1st. 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. Wedbush reiterated an "outperform" rating and set a $210.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $207.69.
Get Our Latest Stock Analysis on NVIDIA
NVIDIA Trading Up 0.6%
NVDA stock traded up $1.04 during mid-day trading on Thursday, reaching $171.66. 140,239,481 shares of the stock traded hands, compared to its average volume of 238,167,859. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The stock has a market capitalization of $4.17 trillion, a PE ratio of 48.91, a PEG ratio of 1.30 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.96 and a current ratio of 4.21. The business has a 50-day moving average price of $172.21 and a two-hundred day moving average price of $139.78.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid 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%.
Insider Activity at NVIDIA
In related news, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the transaction, the chief financial officer owned 2,956,876 shares in the company, valued at $526,501,340.56. The trade was a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total value of $12,723,750.00. Following the completion of the transaction, the chief executive officer directly owned 72,698,366 shares in the company, valued at $12,333,277,791.90. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,951,604 shares of company stock worth $772,854,889. Company insiders own 4.17% of the company's stock.
NVIDIA Company 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.
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