Triumph Capital Management Acquires 3,677 Shares of NVIDIA Corporation $NVDA

Key Points

• Triumph Capital Management increased its stake in NVIDIA by 15.7% in the first quarter, acquiring an additional 3,677 shares, bringing their total holdings to 27,120 shares valued at approximately $2.94 million.
• Several analysts have raised their price targets for NVIDIA, with KeyCorp stating a new target of $215.00 and Oppenheimer at $200.00, while the stock maintains an average rating of "Moderate Buy."
• NVIDIA recently declared a quarterly dividend of $0.01 per share, with insiders collectively selling over 5.9 million shares worth approximately $902 million in the last 90 days.

Triumph Capital Management raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,120 shares of the computer hardware maker's stock after acquiring an additional 3,677 shares during the period. NVIDIA makes up 1.0% of Triumph Capital Management's portfolio, making the stock its 22nd largest holding. Triumph Capital Management's holdings in NVIDIA were worth $2,939,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of NVDA. Condor Capital Management boosted its position in NVIDIA by 3.6% in the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock valued at $344,000 after buying an additional 89 shares during the period. High Note Wealth LLC boosted its position in NVIDIA by 0.5% in the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock valued at $1,937,000 after buying an additional 91 shares during the period. Kelly Financial Services LLC boosted its position in NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after buying an additional 94 shares during the period. Next Capital Management LLC boosted its position in NVIDIA by 0.8% in the 1st quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock valued at $1,364,000 after buying an additional 94 shares during the period. Finally, Mendel Capital Management LLC boosted its position in NVIDIA by 0.8% in the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock valued at $1,287,000 after buying an additional 96 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NVDA shares. DA Davidson upped their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. KeyCorp upped their price target on shares of NVIDIA from $190.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday. Oppenheimer upped their price target on shares of NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Citigroup reaffirmed an "overweight" rating on shares of NVIDIA in a research report on Monday. Finally, Benchmark reaffirmed a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $189.97.

NVIDIA Trading Down 0.1%

Shares of NVIDIA stock opened at $175.40 on Thursday. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The firm has a market capitalization of $4.28 trillion, a price-to-earnings ratio of 56.58, a PEG ratio of 1.54 and a beta of 2.14. The firm's 50 day simple moving average is $166.03 and its two-hundred day simple moving average is $136.50.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. NVIDIA has set its Q2 2026 guidance at EPS. Analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.29%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,912,440 shares of company stock worth $902,886,782. 4.17% of the stock is owned by company insiders.

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.

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