NVIDIA Corporation $NVDA is Pinnacle Associates Ltd.’s 8th Largest Position

Pinnacle Associates Ltd. grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 910,685 shares of the computer hardware maker’s stock after purchasing an additional 12,256 shares during the quarter. NVIDIA makes up about 1.4% of Pinnacle Associates Ltd.’s portfolio, making the stock its 8th biggest holding. Pinnacle Associates Ltd.’s holdings in NVIDIA were worth $98,700,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Dorsey Wright & Associates increased its holdings in shares of NVIDIA by 4.1% during the 1st quarter. Dorsey Wright & Associates now owns 110,570 shares of the computer hardware maker’s stock valued at $11,984,000 after purchasing an additional 4,370 shares in the last quarter. BG Investment Services Inc. increased its holdings in shares of NVIDIA by 68.0% during the 1st quarter. BG Investment Services Inc. now owns 8,481 shares of the computer hardware maker’s stock valued at $934,000 after purchasing an additional 3,433 shares in the last quarter. Opes Wealth Management LLC increased its holdings in shares of NVIDIA by 5.1% during the 1st quarter. Opes Wealth Management LLC now owns 32,363 shares of the computer hardware maker’s stock valued at $3,507,000 after purchasing an additional 1,579 shares in the last quarter. Financial & Tax Architects LLC increased its holdings in shares of NVIDIA by 2.0% during the 1st quarter. Financial & Tax Architects LLC now owns 35,699 shares of the computer hardware maker’s stock valued at $3,869,000 after purchasing an additional 699 shares in the last quarter. Finally, Noesis Capital Mangement Corp increased its holdings in shares of NVIDIA by 10.2% during the 1st quarter. Noesis Capital Mangement Corp now owns 13,128 shares of the computer hardware maker’s stock valued at $1,423,000 after purchasing an additional 1,220 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. Loop Capital lifted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Rosenblatt Securities lifted their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, May 29th. 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 note on Tuesday. Finally, Mizuho lifted their price target 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. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $191.78.

Insider Activity

In other news, EVP Ajay K. Puri sold 168,195 shares of the business’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 935,000 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,912,440 shares of company stock worth $902,886,782. 4.17% of the stock is owned by insiders.

NVIDIA Trading Down 0.2%

Shares of NVDA opened at $174.98 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. 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’s fifty day moving average is $166.63 and its two-hundred day moving average is $136.90. The stock has a market cap 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.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results 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 net margin of 51.69% and a return on equity of 105.09%. The company’s revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. Research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared 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. 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 payout ratio is presently 1.29%.

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.