NVIDIA Corporation $NVDA Stock Position Raised by Pettyjohn Wood & White Inc.

Key Points

• Pettyjohn Wood & White Inc. increased its stake in NVIDIA Corporation by 9.4%, now owning 21,345 shares valued at approximately $2.31 million.
• NVIDIA reported a quarterly revenue of $46.74 billion, exceeding analyst expectations, with a substantial 55.6% year-over-year increase.
• The company recently declared a $0.01 quarterly dividend, reflecting a low dividend yield of 0.0% and a payout ratio of 1.14%.

Pettyjohn Wood & White Inc. lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,345 shares of the computer hardware maker's stock after purchasing an additional 1,836 shares during the period. Pettyjohn Wood & White Inc.'s holdings in NVIDIA were worth $2,313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. UNIVEST FINANCIAL Corp increased its stake in NVIDIA by 131.4% in the 1st quarter. UNIVEST FINANCIAL Corp now owns 273,429 shares of the computer hardware maker's stock worth $29,634,000 after purchasing an additional 155,284 shares in the last quarter. Headland Capital LLC boosted its holdings in shares of NVIDIA by 2.2% in the first quarter. Headland Capital LLC now owns 15,230 shares of the computer hardware maker's stock worth $1,651,000 after buying an additional 323 shares during the period. JBF Capital Inc. boosted its holdings in shares of NVIDIA by 25.6% in the first quarter. JBF Capital Inc. now owns 49,000 shares of the computer hardware maker's stock worth $5,311,000 after buying an additional 10,000 shares during the period. Mengis Capital Management Inc. raised its holdings in shares of NVIDIA by 6.9% during the first quarter. Mengis Capital Management Inc. now owns 10,055 shares of the computer hardware maker's stock valued at $1,090,000 after acquiring an additional 645 shares during the period. Finally, Blueshift Asset Management LLC lifted its position in shares of NVIDIA by 30.2% in the 1st quarter. Blueshift Asset Management LLC now owns 3,376 shares of the computer hardware maker's stock valued at $366,000 after acquiring an additional 784 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $174.18 on Monday. The firm has a market cap of $4.23 trillion, a P/E ratio of 49.62, a PEG ratio of 1.30 and a beta of 2.10. 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 $170.83 and its two-hundred day moving average is $139.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 EPS. 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 firm also recently declared 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 is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is 1.14%.

Insider Buying and Selling at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction 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. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,736,604 shares of company stock worth $878,806,839 over the last quarter. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. Wedbush reiterated an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a report on Thursday. Morgan Stanley increased their price objective on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday. Benchmark raised their price objective on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Truist Financial upped their target price on NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $207.69.

NVIDIA Profile

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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