PARUS FINANCE UK Ltd Boosts Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• PARUS FINANCE UK Ltd increased its holdings in NVIDIA Corporation by 10.1%, now owning 311,623 shares worth approximately $33.77 million.
• NVIDIA reported $1.05 earnings per share for its latest quarter, surpassing the consensus estimate and showing a revenue increase of 55.6% year-over-year.
• The company announced a quarterly dividend of $0.01 per share, reflecting a very low yield of 0.0%.

PARUS FINANCE UK Ltd boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 311,623 shares of the computer hardware maker's stock after purchasing an additional 28,613 shares during the period. NVIDIA comprises 11.5% of PARUS FINANCE UK Ltd's portfolio, making the stock its 2nd biggest holding. PARUS FINANCE UK Ltd's holdings in NVIDIA were worth $33,774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. lifted its stake in NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after purchasing an additional 864 shares during the period. Centerpoint Advisory Group raised its stake in shares of NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after acquiring an additional 943 shares during the last quarter. GSB Wealth Management LLC raised its stake in shares of NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after acquiring an additional 1,043 shares during the last quarter. Variant Private Wealth LLC raised its stake in shares of NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after acquiring an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc raised its stake in shares of NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after acquiring an additional 1,265 shares during the last quarter. 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 the stock. Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Wells Fargo & Company lifted their target price on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Wedbush reiterated an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Mizuho lifted their target price on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Finally, BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a research note on Friday, August 1st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.69.

Insider Activity

In other news, Director Mark A. Stevens sold 608,248 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total value of $88,354,104.48. Following the completion of the transaction, the director owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. The trade was a 6.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,872,755 shares of company stock worth $764,283,330 over the last quarter. Corporate insiders own 4.17% of the company's stock.

NVIDIA Trading Down 2.7%

NVDA stock traded down $4.64 during trading on Friday, hitting $167.02. The company had a trading volume of 223,875,375 shares, compared to its average volume of 167,410,624. 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 firm has a 50-day moving average price of $172.73 and a 200-day moving average price of $140.20. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The stock has a market cap of $4.06 trillion, a price-to-earnings ratio of 47.58, a PEG ratio of 1.25 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 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 firm 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 business earned $0.68 EPS. The business's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's 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.