[ad_1]
Cook Wealth LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,444 shares of the computer hardware maker’s stock after selling 538 shares during the period. NVIDIA accounts for about 1.1% of Cook Wealth LLC’s investment portfolio, making the stock its 16th biggest position. Cook Wealth LLC’s holdings in NVIDIA were worth $2,282,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in NVIDIA by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker’s stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares during the period. Northern Trust Corp raised its position in NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NVIDIA by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker’s stock valued at $26,978,618,000 after purchasing an additional 20,494,402 shares during the period. Goldman Sachs Group Inc. raised its position in NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares during the period. Finally, Capital World Investors raised its position in NVIDIA by 6.5% during the fourth quarter. Capital World Investors now owns 140,921,614 shares of the computer hardware maker’s stock valued at $18,925,009,000 after purchasing an additional 8,555,411 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other NVIDIA news, Director Dawn E. Hudson sold 18,000 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director owned 368,887 shares in the company, valued at $63,448,564. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the sale, the chief executive officer owned 72,248,366 shares of the company’s stock, valued at approximately $12,829,142,350.62. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,907,755 shares of company stock valued at $633,253,430. 4.17% of the stock is owned by company insiders.
NVIDIA Stock Up 0.4%
Shares of NASDAQ:NVDA opened at $177.82 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The stock has a market cap of $4.32 trillion, a P/E ratio of 50.66, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. The business’s 50 day moving average is $174.42 and its 200 day moving average is $141.58. 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 posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA’s revenue was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts predict 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. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio is currently 1.14%.
Wall Street Analyst Weigh In
NVDA has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on NVIDIA from $206.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Bank of America upped their price objective on NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Stifel Nicolaus upped their target price on NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Rosenblatt Securities upped their target price on NVIDIA from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, Loop Capital upped their target price on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.83.
Get Our Latest Research Report on NVIDIA
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.
Read More
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).
Receive News & Ratings for NVIDIA Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NVIDIA and related companies with MarketBeat.com’s FREE daily email newsletter.
[ad_2]
Source link