Te Ahumairangi Investment Management Ltd Invests $2.83 Million in NVIDIA Corporation $NVDA

Te Ahumairangi Investment Management Ltd bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 26,144 shares of the computer hardware maker's stock, valued at approximately $2,833,000.

A number of other institutional investors have also recently bought and sold shares of NVDA. Elevate Wealth Advisory Inc. boosted its stake in shares of NVIDIA by 1.7% in the 1st quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker's stock worth $500,000 after buying an additional 77 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of NVIDIA by 0.7% in the 1st quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker's stock worth $1,228,000 after buying an additional 81 shares during the last quarter. High Note Wealth LLC boosted its stake in shares of NVIDIA by 0.5% in the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock worth $1,937,000 after buying an additional 91 shares during the last quarter. Kelly Financial Services LLC boosted its stake in shares of NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock worth $513,000 after buying an additional 94 shares during the last quarter. Finally, Next Capital Management LLC boosted its stake in shares of NVIDIA by 0.8% in the 1st quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock worth $1,364,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Down 0.1%

Shares of NVDA stock opened at $177.17 on Friday. The company's fifty day simple moving average is $174.05 and its two-hundred day simple moving average is $141.23. 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 1 year low of $86.62 and a 1 year high of $184.48. The stock has a market capitalization of $4.31 trillion, a price-to-earnings ratio of 50.48, a PEG ratio of 1.29 and a beta of 2.10.

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

NVIDIA Announces Dividend

The company also recently declared 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 payout ratio is 1.14%.

Insider Activity

In other news, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction 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 directly owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on 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 completion of the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,907,755 shares of company stock worth $633,253,430 in the last three months. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

NVDA has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Truist Financial lifted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Jefferies Financial Group lifted their price target on shares of NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Barclays lifted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Finally, Mizuho lifted their price target on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $207.83.

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.

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