Private Advisory Group LLC Purchases 49,235 Shares of NVIDIA Corporation $NVDA

Key Points

• Private Advisory Group LLC increased its holdings in NVIDIA by 12.4%, now owning 447,096 shares valued at approximately $48.46 million, making it the fund's second largest position.
• Insider transactions included a sale of 1 million shares by Director Tench Coxe for $142.8 million and 75,000 shares by CEO Jen Hsun Huang for $11.44 million, reflecting a small decrease in their respective stakes.
• Analysts have raised their target prices for NVIDIA stock, with JPMorgan Chase & Co. setting a new target at $215, reflecting strong confidence in the company's future performance.

Private Advisory Group LLC lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 447,096 shares of the computer hardware maker's stock after purchasing an additional 49,235 shares during the quarter. NVIDIA makes up about 5.4% of Private Advisory Group LLC's holdings, making the stock its 2nd biggest position. Private Advisory Group LLC's holdings in NVIDIA were worth $48,456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Kathleen S. Wright Associates Inc. grew its position in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares during the last quarter. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter worth $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter worth $51,000. Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in NVIDIA in the 4th quarter worth $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NASDAQ NVDA traded down $5.99 during midday trading on Friday, hitting $174.18. 242,604,296 shares of the company's stock were exchanged, compared to its average volume of 168,293,824. The company has a market cap of $4.23 trillion, a price-to-earnings ratio of 49.62, a PEG ratio of 1.52 and a beta of 2.14. The business's fifty day moving average price is $170.83 and its two-hundred day moving average price is $139.08. The company has a current ratio of 4.21, a quick ratio of 2.96 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month 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 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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 given a dividend of $0.01 per share. 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 presently 1.14%.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares in the company, valued at $1,298,535,101.24. This represents a 9.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,862,440 shares of company stock valued at $896,145,782. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on NVDA. Truist Financial raised their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a report on Thursday. BNP Paribas raised shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Bank of America lifted their price target on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $207.69.

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.