Texas Capital Bank Wealth Management Services Inc Boosts Position in NVIDIA Corporation $NVDA

Key Points

• Texas Capital Bank Wealth Management Services Inc increased its holdings in NVIDIA Corporation by 3.3%, acquiring an additional 17,594 shares, bringing its total ownership to 543,797 shares valued at approximately $58.9 million.
• NVIDIA reported a quarterly earnings per share of $1.05, exceeding analyst expectations of $1.01, with revenue up 55.6% year-over-year, reaching $46.74 billion.
• NVIDIA recently declared a quarterly dividend of $0.01 per share, with the payout to be processed on October 2nd, reflecting a modest dividend yield of 0.0%.

Texas Capital Bank Wealth Management Services Inc grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 543,797 shares of the computer hardware maker's stock after purchasing an additional 17,594 shares during the quarter. NVIDIA makes up 6.0% of Texas Capital Bank Wealth Management Services Inc's investment portfolio, making the stock its 2nd largest holding. Texas Capital Bank Wealth Management Services Inc's holdings in NVIDIA were worth $58,937,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Kathleen S. Wright Associates Inc. raised its stake in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the period. Copia Wealth Management bought a new position in shares of NVIDIA during the 4th quarter worth $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA during the 1st quarter worth $51,000. Bruce G. Allen Investments LLC grew its stake in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the period. Finally, Campbell Capital Management Inc. grew its stake in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded down $0.16 on Thursday, hitting $177.17. The company's stock had a trading volume of 150,723,200 shares, compared to its average volume of 176,675,152. The company has a market capitalization of $4.31 trillion, a PE ratio of 50.48, a PEG ratio of 1.29 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 1 year low of $86.62 and a 1 year high of $184.48. The company has a 50-day simple moving average of $173.69 and a 200 day simple moving average of $140.91.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for 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%.NVIDIA's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company 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 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 of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Insider Activity at NVIDIA

In related news, 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 transaction of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 608,248 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total value of $88,354,104.48. Following the transaction, the director directly owned 8,247,600 shares in the company, valued at approximately $1,198,046,376. This represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,907,755 shares of company stock valued at $633,253,430. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of several research reports. Bank of America increased their price target on NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Cantor Fitzgerald reiterated an "overweight" rating and set a $240.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Arete Research raised NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. KeyCorp reaffirmed an "overweight" rating and set a $230.00 target price (up previously from $215.00) on shares of NVIDIA in a report on Thursday, August 28th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, August 27th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $207.83.

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.