Richards Merrill & Peterson Inc. Grows Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Richards Merrill & Peterson Inc. increased its stake in NVIDIA by 25.6% in the first quarter, acquiring 32,913 shares worth approximately $3.57 million.
• NVIDIA's stock currently has a market cap of $4.43 trillion and recently reported revenue of $44.06 billion, surpassing analysts' expectations.
• The company announced a quarterly dividend of $0.01 per share, which reflects a 0.0% dividend yield based on an annualized basis.

Richards Merrill & Peterson Inc. grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 25.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,913 shares of the computer hardware maker's stock after acquiring an additional 6,706 shares during the period. NVIDIA accounts for approximately 1.9% of Richards Merrill & Peterson Inc.'s investment portfolio, making the stock its 9th biggest holding. Richards Merrill & Peterson Inc.'s holdings in NVIDIA were worth $3,567,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Astoria Portfolio Advisors LLC. boosted its position in shares of NVIDIA by 0.9% during the 1st 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 in the last quarter. Centerpoint Advisory Group lifted its position in NVIDIA by 2.5% in the 1st 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 in the last quarter. GSB Wealth Management LLC lifted its position in NVIDIA by 3.3% in the 1st 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 in the last quarter. Variant Private Wealth LLC lifted its position in NVIDIA by 20.6% in the 1st 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 in the last quarter. Finally, Financial Perspectives Inc lifted its position in NVIDIA by 2.8% in the 1st 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 in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NVDA traded down $6.14 during mid-day trading on Friday, reaching $174.03. 164,832,828 shares of the stock traded hands, compared to its average volume of 238,776,547. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year 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. 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 firm has a fifty day moving average price of $170.22 and a 200 day moving average price of $138.74.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 109.66%. The firm's revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Insider Transactions at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was 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 owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,862,440 shares of company stock worth $896,145,782 over the last quarter. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Jefferies Financial Group lifted their target price on shares of NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday. TD Cowen lifted their target price on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Cantor Fitzgerald reissued an "overweight" rating and set a $240.00 target price on shares of NVIDIA in a research report on Thursday. Finally, Mizuho lifted their target price on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $207.69.

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.