Blume Capital Management Inc. Has $2.86 Million Stock Holdings in NVIDIA Corporation $NVDA

Blume Capital Management Inc. raised its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 786.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,422 shares of the computer hardware maker’s stock after acquiring an additional 23,442 shares during the quarter. Blume Capital Management Inc.’s holdings in NVIDIA were worth $2,864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NVDA. Norges Bank acquired a new stake in shares of NVIDIA in the fourth quarter worth $43,515,504,000. GAMMA Investing LLC lifted its stake in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after buying an additional 48,439,859 shares during the last quarter. Northern Trust Corp lifted its stake in shares of NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock worth $3,864,026,000 after buying an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of NVIDIA in the fourth quarter worth $2,987,733,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Down 0.2%

Shares of NVIDIA stock opened at $174.98 on Friday. The firm has a market capitalization of $4.27 trillion, a PE ratio of 56.45, a price-to-earnings-growth ratio of 1.54 and a beta of 2.14. 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 company’s fifty day moving average price is $166.63 and its two-hundred day moving average price is $136.90. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. On average, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is presently 1.29%.

Insider Activity

In other news, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares of the company’s stock, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was 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 directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,912,440 shares of company stock worth $902,886,782. 4.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Mizuho upped their target price on shares of NVIDIA from $192.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday, August 14th. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a research note on Friday, August 1st. Bank of America upped their target price on shares of NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Finally, Benchmark reiterated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research note on Thursday, May 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.78.

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.