SFE Investment Counsel Has $15.36 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• SFE Investment Counsel increased its stake in NVIDIA Corporation, now holding approximately $15.36 million worth of shares, which constitutes about 3.1% of its total investment portfolio.
• Several institutional investors, including Argonautica Private Wealth Management and Pinnacle Associates Ltd., have also increased their positions in NVIDIA during the first quarter.
• NVIDIA's stock has seen notable price target increases from analysts, with Evercore ISI raising it from $190.00 to $214.00 and multiple firms issuing buy ratings amid strong financial results.

SFE Investment Counsel boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,748 shares of the computer hardware maker's stock after purchasing an additional 4,006 shares during the quarter. NVIDIA comprises approximately 3.1% of SFE Investment Counsel's investment portfolio, making the stock its 2nd biggest position. SFE Investment Counsel's holdings in NVIDIA were worth $15,363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Argonautica Private Wealth Management Inc. boosted its position in NVIDIA by 3.0% during the first quarter. Argonautica Private Wealth Management Inc. now owns 97,617 shares of the computer hardware maker's stock worth $10,580,000 after purchasing an additional 2,826 shares during the period. Holistic Financial Partners boosted its position in NVIDIA by 1.8% during the first quarter. Holistic Financial Partners now owns 36,527 shares of the computer hardware maker's stock worth $3,959,000 after purchasing an additional 632 shares during the period. AJ Advisors LLC boosted its position in NVIDIA by 10.9% during the first quarter. AJ Advisors LLC now owns 2,639 shares of the computer hardware maker's stock worth $286,000 after purchasing an additional 260 shares during the period. Northern Financial Advisors Inc boosted its position in NVIDIA by 2.1% during the first quarter. Northern Financial Advisors Inc now owns 18,132 shares of the computer hardware maker's stock worth $1,965,000 after purchasing an additional 376 shares during the period. Finally, Pinnacle Associates Ltd. boosted its position in NVIDIA by 1.4% during the first quarter. Pinnacle Associates Ltd. now owns 910,685 shares of the computer hardware maker's stock worth $98,700,000 after purchasing an additional 12,256 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Transactions 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 stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,912,440 shares of company stock worth $902,886,782. 4.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NVDA shares. Evercore ISI boosted their target price on shares of NVIDIA from $190.00 to $214.00 and gave the company an "outperform" rating in a research report on Friday. 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 boosted their target price on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Barclays boosted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Finally, Benchmark reissued a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, May 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $192.44.

NVIDIA Stock Up 1.7%

Shares of NASDAQ NVDA opened at $177.99 on Friday. 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 $4.34 trillion, a price-to-earnings ratio of 57.42, a PEG ratio of 1.54 and a beta of 2.14. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The stock has a 50-day moving average price of $167.35 and a two-hundred day moving average price of $137.31.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the prior year, the company earned $0.61 EPS. The business's quarterly revenue was up 69.2% compared to the same quarter last year. NVIDIA has set its Q2 2026 guidance at EPS. As a group, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.29%.

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.

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