Tower Bridge Advisors Increases Holdings in NVIDIA Corporation $NVDA

Tower Bridge Advisors raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,600 shares of the computer hardware maker's stock after buying an additional 3,900 shares during the period. Tower Bridge Advisors' holdings in NVIDIA were worth $4,075,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wooster Corthell Wealth Management Inc. purchased a new stake in NVIDIA during the 1st quarter valued at $718,000. Dearborn Partners LLC raised its stake in NVIDIA by 13.6% during the 1st quarter. Dearborn Partners LLC now owns 35,574 shares of the computer hardware maker's stock valued at $3,856,000 after buying an additional 4,268 shares during the last quarter. Delap Wealth Advisory LLC raised its stake in NVIDIA by 9.8% during the 1st quarter. Delap Wealth Advisory LLC now owns 7,568 shares of the computer hardware maker's stock valued at $820,000 after buying an additional 674 shares during the last quarter. Carl P. Sherr & Co. LLC raised its stake in NVIDIA by 3.2% during the 1st quarter. Carl P. Sherr & Co. LLC now owns 28,949 shares of the computer hardware maker's stock valued at $3,137,000 after buying an additional 907 shares during the last quarter. Finally, Tredje AP fonden raised its stake in NVIDIA by 5.7% during the 1st quarter. Tredje AP fonden now owns 5,567,408 shares of the computer hardware maker's stock valued at $603,396,000 after buying an additional 297,953 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent research reports. Wedbush reissued an "outperform" rating and set a $210.00 price objective on shares of NVIDIA in a research report on Thursday. Wolfe Research boosted their price objective on shares of NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday. Craig Hallum boosted their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday. KeyCorp reissued an "overweight" rating and set a $230.00 price objective (up previously from $215.00) on shares of NVIDIA in a research report on Thursday. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday. Four 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 given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $207.69.

Insider Activity

In related news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction dated 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 approximately $3,808,670,208. This represents a 3.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were 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 in the company, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,862,440 shares of company stock valued at $896,145,782. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Down 3.3%

Shares of NASDAQ NVDA opened at $174.18 on Friday. The firm's 50-day moving average price is $170.83 and its 200-day moving average price is $139.02. The company has a current ratio of 4.21, a quick ratio of 2.96 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 49.62, a P/E/G ratio of 1.58 and a beta of 2.14. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48.

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, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company 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 yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

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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