Harvest Fund Management Co. Ltd Buys 22,786 Shares of NVIDIA Corporation $NVDA

Harvest Fund Management Co. Ltd raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,250,496 shares of the computer hardware maker’s stock after buying an additional 22,786 shares during the quarter. NVIDIA comprises about 6.9% of Harvest Fund Management Co. Ltd’s investment portfolio, making the stock its 2nd biggest position. Harvest Fund Management Co. Ltd’s holdings in NVIDIA were worth $136,004,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. WIM INVESTMENT MANAGEMENT Ltd grew its holdings in NVIDIA by 48.0% during the 1st quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 111,000 shares of the computer hardware maker’s stock valued at $12,030,000 after buying an additional 36,000 shares during the last quarter. S&CO Inc. boosted its holdings in shares of NVIDIA by 0.4% during the first quarter. S&CO Inc. now owns 75,132 shares of the computer hardware maker’s stock worth $8,142,000 after purchasing an additional 277 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of NVIDIA during the first quarter worth $78,303,000. RD Finance Ltd acquired a new stake in shares of NVIDIA during the first quarter worth $4,919,000. Finally, FSA Advisors Inc. boosted its holdings in shares of NVIDIA by 31.4% during the first quarter. FSA Advisors Inc. now owns 17,221 shares of the computer hardware maker’s stock worth $1,866,000 after purchasing an additional 4,120 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. TD Cowen raised their price objective on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, August 19th. UBS Group increased their target price on NVIDIA from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Barclays increased their target price on NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. Stifel Nicolaus raised their target price on NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a research note on Monday. Finally, Benchmark lifted their price target on NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.69.

Insider Activity

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,862,440 shares of company stock worth $896,145,782. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Down 0.8%

NVDA stock opened at $180.17 on Friday. 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 has a 50-day moving average of $170.22 and a two-hundred day moving average of $138.74. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The stock has a market capitalization of $4.40 trillion, a price-to-earnings ratio of 51.33, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 109.66%. The company’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is 1.29%.

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.