Venturi Wealth Management LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 297,049 shares of the computer hardware maker's stock after acquiring an additional 32,082 shares during the quarter. NVIDIA makes up about 1.7% of Venturi Wealth Management LLC's investment portfolio, making the stock its 10th largest position. Venturi Wealth Management LLC's holdings in NVIDIA were worth $32,194,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. raised its position in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the last quarter. Copia Wealth Management bought a new stake in shares of NVIDIA during the fourth quarter worth $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the first quarter worth $51,000. Bruce G. Allen Investments LLC increased its holdings in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. Finally, LSV Asset Management bought a new stake in NVIDIA in the fourth quarter valued at about $54,000. Institutional investors own 65.27% of the company's stock.
Insider Transactions at NVIDIA
In other news, EVP Ajay K. Puri sold 168,195 shares of the company'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 completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,912,440 shares of company stock valued at $902,886,782 over the last three months. 4.17% of the stock is currently owned by corporate insiders.
NVIDIA Stock Down 0.1%
NVDA stock opened at $175.40 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The stock has a market capitalization of $4.28 trillion, a P/E ratio of 56.58, a P/E/G ratio of 1.54 and a beta of 2.14. The business has a 50-day moving average of $166.03 and a 200-day moving average of $136.50. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The firm's quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. NVIDIA has set its Q2 2026 guidance at EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given 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 of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on NVDA shares. Mizuho upped their price objective on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Raymond James Financial upped their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Oppenheimer upped their price objective on NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. BNP Paribas upgraded NVIDIA to a "hold" rating in a report on Friday, August 1st. Finally, Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Four 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 a consensus target price of $189.97.
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NVIDIA Company Profile
(
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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