Strive Asset Management LLC Grows Stake in NVIDIA Corporation $NVDA

Strive Asset Management LLC increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,191 shares of the computer hardware maker's stock after purchasing an additional 3,974 shares during the quarter. NVIDIA makes up 1.3% of Strive Asset Management LLC's portfolio, making the stock its 25th biggest holding. Strive Asset Management LLC's holdings in NVIDIA were worth $1,863,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. grew its holdings in NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after buying an additional 864 shares in the last quarter. Centerpoint Advisory Group grew its holdings in NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after buying an additional 943 shares in the last quarter. GSB Wealth Management LLC grew its holdings in NVIDIA by 3.3% during 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 buying an additional 1,043 shares in the last quarter. Variant Private Wealth LLC grew its holdings in NVIDIA by 20.6% during 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 buying an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc grew its holdings in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after buying an additional 1,265 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,907,755 shares of company stock worth $633,253,430 over the last ninety days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Up 0.4%

Shares of NVDA stock opened at $177.82 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The stock's fifty day moving average price is $174.42 and its 200 day moving average price is $141.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a market cap of $4.32 trillion, a price-to-earnings ratio of 50.66, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Cantor Fitzgerald restated an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a report on Thursday, August 28th. KeyCorp restated an "overweight" rating and set a $230.00 price target (up previously from $215.00) on shares of NVIDIA in a report on Thursday, August 28th. UBS Group raised their price objective on NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Craig Hallum raised their price objective on NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $207.83.

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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