Wakefield Asset Management LLLP Makes New Investment in NVIDIA Corporation $NVDA

Wakefield Asset Management LLLP bought a new position in NVIDIA Corporation (NASDAQ:NVDA) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 30,308 shares of the computer hardware maker’s stock, valued at approximately $3,285,000.

Other large investors have also recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. increased its position in NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock worth $9,610,000 after buying an additional 864 shares during the period. Centerpoint Advisory Group increased its holdings in shares of NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after purchasing an additional 943 shares during the period. GSB Wealth Management LLC increased its holdings in shares of NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC increased its holdings in shares of NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc increased its holdings in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after purchasing an additional 1,265 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm’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. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the firm’s 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 sale, the chief financial officer owned 2,956,876 shares of the company’s stock, valued at $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NVDA shares. Bank of America lifted their target price on NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Needham & Company LLC lifted their target price on NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Barclays lifted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, June 17th. BNP Paribas raised NVIDIA to a “hold” rating in a report on Friday, August 1st. Finally, Wells Fargo & Company lifted their target price on NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 11th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from 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 company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The firm has a market capitalization of $4.27 trillion, a price-to-earnings ratio of 56.45, a price-to-earnings-growth ratio of 1.54 and a beta of 2.14. The stock has a fifty day simple moving average of $166.63 and a 200 day simple moving average of $136.90.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

NVIDIA 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.