Sky Investment Group LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,321 shares of the computer hardware maker's stock after selling 2,525 shares during the quarter. NVIDIA accounts for about 8.0% of Sky Investment Group LLC's portfolio, making the stock its largest position. Sky Investment Group LLC's holdings in NVIDIA were worth $45,552,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock valued at $22,412,434,000 after purchasing an additional 5,896,735 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NVIDIA by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock worth $26,978,618,000 after acquiring an additional 20,494,402 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares in the last quarter. Nuveen LLC bought a new position in NVIDIA during the first quarter worth $15,089,414,000. Finally, Amundi boosted its stake in NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after acquiring an additional 18,733,431 shares in the last quarter. 65.27% of the stock is owned by institutional investors.
NVIDIA Stock Performance
Shares of NVDA stock opened at $178.19 on Friday. The firm has a 50-day moving average of $176.60 and a 200-day moving average of $145.78. The company has a market cap of $4.33 trillion, a P/E ratio of 50.77, a P/E/G ratio of 1.28 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.55.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The company 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 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 prior year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders 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 dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on NVDA shares. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and increased their target price for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Wolfe Research increased their target price on shares of NVIDIA from $220.00 to $230.00 in a research note on Tuesday. Wall Street Zen raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. TD Cowen increased their target price on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. Finally, BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Four analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $209.82.
Read Our Latest Report on NVDA
Insider Buying and Selling
In related news, CFO Colette Kress sold 30,500 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the completion of the transaction, the chief financial officer owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Persis Drell sold 40,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the transaction, the director owned 138,740 shares of the company's stock, valued at approximately $24,647,161. The trade was a 22.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,176,470 shares of company stock valued at $720,979,162 over the last 90 days. 4.17% of the stock is currently owned by company insiders.
About NVIDIA
(
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.
Further Reading
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