R Squared Ltd Boosts Stake in NVIDIA Corporation $NVDA

Key Points

• R Squared Ltd increased its stake in NVIDIA Corporation by 204.1% in the first quarter, holding 6,480 shares worth approximately $702,000.
• NVIDIA reported a 55.6% year-over-year revenue growth of $46.74 billion and an earnings per share of $1.05 for the most recent quarter, surpassing analysts' expectations.
• The company also announced a quarterly dividend of $0.01 per share, with the dividend yield currently at 0.0% and the ex-dividend date set for September 11th.

R Squared Ltd raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 204.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,480 shares of the computer hardware maker's stock after acquiring an additional 4,349 shares during the period. NVIDIA accounts for about 0.8% of R Squared Ltd's holdings, making the stock its 26th biggest position. R Squared Ltd's holdings in NVIDIA were worth $702,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Copia Wealth Management acquired a new stake in shares of NVIDIA during the 4th quarter worth $50,000. LSV Asset Management purchased a new position in NVIDIA in the 4th quarter valued at about $54,000. Kathleen S. Wright Associates Inc. boosted its position 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 valued at $44,000 after buying an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA in the 1st quarter valued at about $51,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NASDAQ NVDA opened at $174.18 on Tuesday. The stock 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's 50-day simple moving average is $171.43 and its 200 day simple moving average is $139.35. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month 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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates 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 firm's revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business 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 dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

Insider Activity at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,801,604 shares of company stock valued at $747,046,639 over the last ninety days. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NVDA shares. Raymond James Financial increased their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Barclays raised their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Wells Fargo & Company raised their target price on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, August 27th. Finally, Evercore ISI raised their price objective on shares of NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $207.69.

About NVIDIA

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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