United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 772,562 shares of the computer hardware maker's stock after buying an additional 66,094 shares during the period. NVIDIA accounts for 3.4% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's investment portfolio, making the stock its 9th largest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in NVIDIA were worth $83,730,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Privium Fund Management UK Ltd purchased a new position in NVIDIA during the 1st quarter worth $4,398,000. Cumberland Partners Ltd boosted its position in shares of NVIDIA by 130.2% in the first quarter. Cumberland Partners Ltd now owns 320,624 shares of the computer hardware maker's stock worth $34,749,000 after acquiring an additional 181,340 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of NVIDIA by 5.2% in the first quarter. PNC Financial Services Group Inc. now owns 9,623,230 shares of the computer hardware maker's stock worth $1,042,966,000 after acquiring an additional 472,805 shares during the last quarter. Headwater Capital Co Ltd acquired a new position in NVIDIA during the first quarter valued at approximately $10,838,000. Finally, Mirabaud & Cie SA lifted its position in shares of NVIDIA by 2.1% during the first quarter. Mirabaud & Cie SA now owns 258,460 shares of the computer hardware maker's stock worth $28,012,000 after purchasing an additional 5,315 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
NVIDIA Price Performance
NVDA traded down $0.13 on Thursday, reaching $170.49. The stock had a trading volume of 80,473,162 shares, compared to its average volume of 237,838,344. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The firm has a 50-day moving average of $172.21 and a 200-day moving average of $139.78. 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 company has a market capitalization of $4.14 trillion, a price-to-earnings ratio of 48.57, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The business's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.01 dividend. 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 dividend payout ratio (DPR) is currently 1.14%.
Insider Buying and Selling
In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director directly owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 608,248 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. The trade was a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,951,604 shares of company stock worth $772,854,889 over the last three months. Company insiders own 4.17% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on NVDA. Loop Capital boosted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Barclays increased their price objective on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Robert W. Baird increased their price objective on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Needham & Company LLC reiterated a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Oppenheimer restated an "outperform" rating and issued a $225.00 target price (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.69.
Check Out Our Latest Report 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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