Oarsman Capital Inc. Raises Position in NVIDIA Corporation $NVDA

Oarsman Capital Inc. increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,169 shares of the computer hardware maker's stock after buying an additional 2,741 shares during the period. NVIDIA accounts for approximately 1.3% of Oarsman Capital Inc.'s portfolio, making the stock its 18th largest holding. Oarsman Capital Inc.'s holdings in NVIDIA were worth $7,063,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the last quarter. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the first quarter valued at $51,000. Bruce G. Allen Investments LLC increased its stake in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. increased its stake in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after acquiring an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NVDA shares. Piper Sandler set a $225.00 price objective on NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Sanford C. Bernstein restated an "outperform" rating and issued a $225.00 price objective (up from $185.00) on shares of NVIDIA in a report on Thursday, August 28th. Benchmark raised their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Citigroup lowered their target price on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $207.83.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the transaction, the chief executive officer directly owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction that occurred on 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 transaction, the director owned 368,887 shares in the company, valued at approximately $63,448,564. This represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,907,755 shares of company stock worth $633,253,430 over the last three months. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Stock Down 0.1%

Shares of NVDA stock opened at $177.17 on Friday. The stock has a market cap of $4.31 trillion, a P/E ratio of 50.48, a PEG ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company's fifty day simple moving average is $174.05 and its two-hundred day simple moving average is $141.23.

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, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion for 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 business's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company 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 $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 1.14%.

NVIDIA Company 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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