W.G. Shaheen & Associates DBA Whitney & Co Acquires 6,079 Shares of NVIDIA Corporation $NVDA

W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 4.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 136,661 shares of the computer hardware maker’s stock after purchasing an additional 6,079 shares during the quarter. NVIDIA makes up about 1.6% of W.G. Shaheen & Associates DBA Whitney & Co’s investment portfolio, making the stock its 22nd largest position. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in NVIDIA were worth $14,811,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Wakefield Asset Management LLLP bought a new position in NVIDIA in the 1st quarter valued at $3,285,000. M1 Capital Management LLC raised its position in NVIDIA by 11.3% in the 1st quarter. M1 Capital Management LLC now owns 12,545 shares of the computer hardware maker’s stock valued at $1,360,000 after purchasing an additional 1,273 shares during the last quarter. Summit Wealth Partners LLC raised its position in NVIDIA by 6.5% in the 1st quarter. Summit Wealth Partners LLC now owns 15,196 shares of the computer hardware maker’s stock valued at $1,647,000 after purchasing an additional 934 shares during the last quarter. Retirement Income Solutions Inc raised its position in NVIDIA by 1.6% in the 1st quarter. Retirement Income Solutions Inc now owns 9,052 shares of the computer hardware maker’s stock valued at $981,000 after purchasing an additional 141 shares during the last quarter. Finally, J. W. Coons Advisors LLC raised its position in NVIDIA by 1.0% in the 1st quarter. J. W. Coons Advisors LLC now owns 26,140 shares of the computer hardware maker’s stock valued at $2,833,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $179.76, for a total value of $13,482,000.00. Following the completion of the sale, the chief executive officer owned 72,848,225 shares of the company’s stock, valued at $13,095,196,926. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,912,440 shares of company stock valued at $902,886,782 over the last 90 days. Corporate insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NVDA shares. DA Davidson lifted their price objective on NVIDIA from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 29th. TD Cowen boosted their target price on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday. Piper Sandler set a $225.00 target price on NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Citigroup restated an “overweight” rating on shares of NVIDIA in a research report on Monday. Finally, Jefferies Financial Group boosted their target price on NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $191.78.

NVIDIA Trading Down 0.2%

NASDAQ NVDA opened at $174.98 on Friday. The stock has a 50-day simple moving average of $166.63 and a 200 day simple moving average of $136.90. The company has a market capitalization of $4.27 trillion, a PE ratio of 56.45, a P/E/G ratio of 1.54 and a beta of 2.14. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The company 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 revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. Research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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