NVIDIA Corporation $NVDA Stake Lifted by Howland Capital Management LLC

Key Points

• Howland Capital Management LLC increased its stake in NVIDIA by 7.1%, owning 481,443 shares valued at approximately $52.2 million, making NVIDIA the firm's 11th largest position.
• Several analysts have reaffirmed a buy rating for NVIDIA, with price targets set between $200.00 and $230.00, suggesting strong growth potential for the stock.
• Insider trading activity at NVIDIA includes the CFO selling 27,640 shares and the CEO selling 75,000 shares, indicating significant movement among company executives.

Howland Capital Management LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 481,443 shares of the computer hardware maker's stock after purchasing an additional 31,967 shares during the quarter. NVIDIA accounts for 2.3% of Howland Capital Management LLC's portfolio, making the stock its 11th largest position. Howland Capital Management LLC's holdings in NVIDIA were worth $52,184,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. High Note Wealth LLC grew its stake in NVIDIA by 0.5% in the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock valued at $1,937,000 after purchasing an additional 91 shares in the last quarter. Kelly Financial Services LLC raised its stake in shares of NVIDIA by 2.0% during the 1st 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 lifted its holdings in shares of NVIDIA by 0.8% during the 1st quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock valued at $1,364,000 after buying an additional 94 shares during the last quarter. Mendel Capital Management LLC grew its stake in shares of NVIDIA by 0.8% in the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock valued at $1,287,000 after buying an additional 96 shares in the last quarter. Finally, Affiance Financial LLC grew its stake in shares of NVIDIA by 0.7% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NVDA shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday. Wells Fargo & Company increased their price target on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Raymond James Financial raised their price target 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. KeyCorp reaffirmed an "overweight" rating and issued a $230.00 price objective (up previously from $215.00) on shares of NVIDIA in a research note on Thursday. Finally, Morgan Stanley increased their target price on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday. Four research 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $207.69.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction that occurred 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 directly owned 2,956,876 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the completion of the sale, the chief executive officer directly owned 72,848,225 shares of the company's stock, valued at $13,095,196,926. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,736,604 shares of company stock valued at $878,806,839. 4.17% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NASDAQ NVDA opened at $174.18 on Monday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a fifty day simple moving average of $170.83 and a 200 day simple moving average of $139.10. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.23 trillion, a P/E ratio of 49.62, a P/E/G ratio of 1.30 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend 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%.

About NVIDIA

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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