Siren L.L.C. decreased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,432 shares of the computer hardware maker's stock after selling 4,500 shares during the period. Siren L.L.C.'s holdings in NVIDIA were worth $4,816,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mattson Financial Services LLC raised its position in NVIDIA by 28.0% in the 1st quarter. Mattson Financial Services LLC now owns 79,504 shares of the computer hardware maker's stock valued at $8,617,000 after purchasing an additional 17,385 shares during the last quarter. WBI Investments LLC raised its position in NVIDIA by 393.4% in the 1st quarter. WBI Investments LLC now owns 21,568 shares of the computer hardware maker's stock valued at $2,338,000 after purchasing an additional 17,197 shares during the last quarter. Indiana Trust & Investment Management Co raised its position in NVIDIA by 0.7% during the 1st quarter. Indiana Trust & Investment Management Co now owns 191,267 shares of the computer hardware maker's stock worth $20,730,000 after buying an additional 1,380 shares during the last quarter. MBL Wealth LLC raised its position in NVIDIA by 9.3% during the 1st quarter. MBL Wealth LLC now owns 77,420 shares of the computer hardware maker's stock worth $8,391,000 after buying an additional 6,561 shares during the last quarter. Finally, McAdam LLC raised its position in NVIDIA by 2.9% during the 1st quarter. McAdam LLC now owns 93,613 shares of the computer hardware maker's stock worth $10,146,000 after buying an additional 2,615 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
Insider Transactions at NVIDIA
In other NVIDIA news, Director Dawn E. Hudson sold 18,000 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director directly owned 368,887 shares of the company's stock, valued at approximately $63,448,564. This represents a 4.65% decrease in their ownership of the stock. 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 company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the transaction, the chief executive officer owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This 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 three months. 4.17% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Benchmark upped their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Wall Street Zen upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Sanford C. Bernstein restated an "outperform" rating and set a $225.00 price objective (up previously from $185.00) on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Bank of America upped their price objective on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $207.83.
View Our Latest Stock Report on NVIDIA
NVIDIA Price Performance
NVIDIA stock opened at $177.82 on Monday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The firm has a 50 day moving average price of $174.42 and a 200 day moving average price of $141.80. The company has a market cap of $4.32 trillion, a price-to-earnings ratio of 50.66, a PEG ratio of 1.29 and a beta of 2.10. 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 issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider NVIDIA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.
While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
