Principle Wealth Partners LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 234,363 shares of the computer hardware maker's stock after buying an additional 57,992 shares during the quarter. NVIDIA accounts for about 1.8% of Principle Wealth Partners LLC's portfolio, making the stock its 12th largest holding. Principle Wealth Partners LLC's holdings in NVIDIA were worth $25,400,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. raised its holdings 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 period. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA in the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC lifted its position in shares of 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 in the last quarter. Finally, LSV Asset Management purchased a new position in shares of NVIDIA in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on NVDA. BNP Paribas upgraded NVIDIA to a "hold" rating in a research report on Friday, August 1st. UBS Group raised their target price on NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday. Cantor Fitzgerald restated an "overweight" rating and issued a $240.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Monday. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Finally, Oppenheimer raised their target price on NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $192.44.
View Our Latest Stock Report on NVDA
NVIDIA Trading Up 1.7%
Shares of NASDAQ NVDA opened at $177.99 on Friday. The stock has a market capitalization of $4.34 trillion, a PE ratio of 57.42, a PEG ratio of 1.54 and a beta of 2.14. The stock has a fifty day simple moving average of $167.35 and a 200-day simple moving average of $137.31. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. NVIDIA has set its Q2 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.
Insider Transactions at NVIDIA
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction 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. The trade was a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,912,440 shares of company stock valued at $902,886,782 over the last ninety days. 4.17% of the stock is owned by company insiders.
About NVIDIA
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Free Report)
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.
See Also
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).
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