WNY Asset Management LLC Purchases 3,346 Shares of NVIDIA Corporation $NVDA

Key Points

• WNY Asset Management LLC increased its stake in NVIDIA Corporation by 9.7% in Q1, owning 37,981 shares worth approximately $4.1 million.
• Several institutional investors also boosted their holdings, with IFP Advisors increasing theirs by 8.5% and Montag A & Associates by 4.9% during the same period.
• NVIDIA's stock has been rated positively by various brokerages, with an average rating of "Moderate Buy" and a target price of $186.33.

WNY Asset Management LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,981 shares of the computer hardware maker's stock after buying an additional 3,346 shares during the period. WNY Asset Management LLC's holdings in NVIDIA were worth $4,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Astoria Portfolio Advisors LLC. lifted its holdings in NVIDIA by 0.9% in 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 buying an additional 864 shares during the period. Centerpoint Advisory Group lifted its holdings in NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after buying an additional 943 shares during the period. GSB Wealth Management LLC raised its holdings in NVIDIA by 3.3% in the first 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 raised its holdings in NVIDIA by 20.6% in the first 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 during the period. 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 worth $4,981,000 after purchasing an additional 1,265 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the sale, the chief executive officer owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,912,440 shares of company stock valued at $902,886,782 in the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NVDA. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Loop Capital raised their price objective on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Oppenheimer lifted their target price on shares of NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. The Goldman Sachs Group assumed coverage on shares of NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 price objective for the company. Finally, Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the company an "overweight" rating in a report on Wednesday, August 13th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $189.28.

NVIDIA Stock Down 3.1%

NASDAQ:NVDA traded down $5.6210 during trading hours on Tuesday, reaching $176.3890. The company had a trading volume of 134,558,082 shares, compared to its average volume of 240,815,766. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.30 trillion, a price-to-earnings ratio of 56.85, a P/E/G ratio of 1.59 and a beta of 2.14. The business's 50-day simple moving average is $164.75 and its two-hundred day simple moving average is $135.95. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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 business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the business posted $0.61 earnings per share. The firm's quarterly revenue was up 69.2% on a year-over-year basis. NVIDIA has set its Q2 2026 guidance at EPS. On average, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

NVIDIA 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.