Prosperity Consulting Group LLC Acquires 2,397 Shares of NVIDIA Corporation $NVDA

Key Points

• Prosperity Consulting Group LLC increased its stake in NVIDIA Corporation by 1.9% in the first quarter, now holding 130,124 shares worth approximately $14.1 million.
• NVIDIA's recent quarterly earnings showed a 69.2% revenue increase year-over-year, but the earnings per share of $0.81 fell short of analysts' expectations of $0.87.
• The company's stock has a current market cap of $4.43 trillion, with a target price consensus of $194.31 from analysts, indicating a generally positive outlook.

Prosperity Consulting Group LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,124 shares of the computer hardware maker's stock after buying an additional 2,397 shares during the quarter. NVIDIA comprises about 1.1% of Prosperity Consulting Group LLC's holdings, making the stock its 15th largest position. Prosperity Consulting Group LLC's holdings in NVIDIA were worth $14,103,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. lifted its stake in shares of 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 buying an additional 254 shares in the last quarter. Copia Wealth Management purchased a new position in shares of NVIDIA in the fourth quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC grew its stake in NVIDIA by 198.2% during 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 bought a new stake in NVIDIA during the fourth quarter valued at approximately $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial lifted their target price on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday. The Goldman Sachs Group restated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday. Mizuho boosted their price objective on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Finally, Needham & Company LLC restated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.69.

NVIDIA Trading Down 3.4%

NASDAQ NVDA traded down $6.14 during trading on Friday, hitting $174.03. The company had a trading volume of 164,832,828 shares, compared to its average volume of 238,776,547. 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 Corporation has a one year low of $86.62 and a one year high of $184.48. The company has a market cap of $4.25 trillion, a price-to-earnings ratio of 49.55, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. The company's fifty day moving average is $170.22 and its 200-day moving average is $138.74.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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. NVIDIA had a net margin of 52.41% and a return on equity of 109.66%. The business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period in the prior year, the business earned $0.68 EPS. The company's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's 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 owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,862,440 shares of company stock worth $896,145,782 in the last three months. 4.17% of the stock is currently owned by insiders.

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.