WT Asset Management Ltd Buys New Shares in NVIDIA Corporation $NVDA

Key Points

• WT Asset Management Ltd has purchased 1,300,950 shares of NVIDIA Corporation, valued at approximately $205.5 million, making it the firm's second largest holding at 14.4% of their investment portfolio.
• Multiple analysts have recently upgraded their ratings for NVIDIA, with Barclays raising its target price to $240 and DA Davidson increasing it to $210, reflecting a positive outlook for the company's growth.
• NVIDIA's CEO, Jen Hsun Huang, recently sold 75,000 shares of the company's stock, reducing his ownership slightly while insiders have collectively sold nearly 3.8 million shares in the last three months.

WT Asset Management Ltd bought a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,300,950 shares of the computer hardware maker's stock, valued at approximately $205,537,000. NVIDIA comprises about 14.4% of WT Asset Management Ltd's investment portfolio, making the stock its 2nd largest holding.

A number of other large investors have also added to or reduced their stakes in the company. Pachira Investments Inc. grew its holdings in NVIDIA by 1.0% in the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock worth $1,019,000 after acquiring an additional 63 shares during the last quarter. Warner Financial Inc. grew its holdings in NVIDIA by 2.3% in the 2nd quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker's stock worth $460,000 after acquiring an additional 66 shares during the last quarter. HFG Wealth Management LLC grew its holdings in NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock worth $328,000 after acquiring an additional 68 shares during the last quarter. Hidden Cove Wealth Management LLC grew its holdings in NVIDIA by 0.3% in the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock worth $3,757,000 after acquiring an additional 69 shares during the last quarter. Finally, Summit Financial Strategies Inc. grew its holdings in NVIDIA by 0.6% in the 2nd quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker's stock worth $1,839,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NVDA. Barclays reaffirmed an "overweight" rating and issued a $240.00 target price (up from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and lifted their price target for the company from $195.00 to $210.00 in a research report on Thursday, September 11th. TD Cowen lifted their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Daiwa Capital Markets lifted their price target on shares of NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research report on Wednesday, September 17th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $215.00 price target on shares of NVIDIA in a research report on Tuesday, September 23rd. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $222.23.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the completion of the sale, the chief executive officer directly owned 70,108,203 shares in the company, valued at approximately $12,856,442,266.14. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 3,753,937 shares of company stock worth $669,548,776 in the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $181.16 on Wednesday. The company has a 50 day moving average price of $179.37 and a 200-day moving average price of $154.43. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The firm has a market capitalization of $4.40 trillion, a PE ratio of 51.61, a P/E/G ratio of 1.32 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The business's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's payout ratio is 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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