TIAA Trust National Association cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,363,473 shares of the computer hardware maker's stock after selling 102,687 shares during the period. TIAA Trust National Association's holdings in NVIDIA were worth $147,773,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of NVDA. Astoria Portfolio Advisors LLC. grew its position in NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after acquiring an additional 864 shares during the period. Centerpoint Advisory Group lifted its stake in shares of NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares in the last quarter. GSB Wealth Management LLC grew its holdings in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC increased its position 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 worth $2,038,000 after purchasing an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc raised its holdings in NVIDIA by 2.8% in the first 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 during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.
NVIDIA Stock Performance
NVIDIA stock traded down $3.40 during mid-day trading on Tuesday, hitting $170.78. 230,285,881 shares of the company's stock traded hands, compared to its average volume of 162,821,536. The company has a quick ratio of 2.96, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.15 trillion, a PE ratio of 48.66, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The firm has a 50 day moving average price of $171.43 and a 200 day moving average price of $139.35.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. NVIDIA'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. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently declared 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 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.
Insider Activity at NVIDIA
In other news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director directly owned 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on 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 sale, the executive vice president owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This represents 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 4,801,604 shares of company stock valued at $747,046,639. Company insiders own 4.17% of the company's stock.
Analyst Ratings Changes
Several research firms have issued reports on NVDA. Benchmark boosted their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Rosenblatt Securities raised their target price on NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Craig Hallum upped their price target on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $207.69.
Read Our Latest Stock Analysis on NVIDIA
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.
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