Foster & Motley Inc. Buys 3,272 Shares of NVIDIA Corporation $NVDA

Foster & Motley Inc. grew its stake in NVIDIA Corporation (NASDAQ:NVDA) by 30.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,967 shares of the computer hardware maker’s stock after purchasing an additional 3,272 shares during the quarter. Foster & Motley Inc.’s holdings in NVIDIA were worth $1,514,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Copia Wealth Management bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $50,000. LSV Asset Management purchased a new stake in shares of NVIDIA during the fourth quarter worth $54,000. Kathleen S. Wright Associates Inc. lifted its position in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after acquiring an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the first quarter worth $51,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the transaction, the chief executive officer owned 72,848,225 shares in the company, valued at $13,095,196,926. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at $526,501,340.56. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,862,440 shares of company stock valued at $896,145,782 over the last three months. 4.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup reaffirmed a “buy” rating and issued a $210.00 price target (up previously from $190.00) on shares of NVIDIA in a report on Thursday. Stifel Nicolaus upped their price target on shares of NVIDIA from $202.00 to $212.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Wedbush reaffirmed an “outperform” rating and issued a $210.00 price target on shares of NVIDIA in a report on Thursday. Craig Hallum upped their target price on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $207.69.

NVIDIA Stock Performance

NVIDIA stock opened at $174.18 on Friday. The company has a quick ratio of 2.96, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.23 trillion, a PE ratio of 49.62, a P/E/G ratio of 1.52 and a beta of 2.14. The firm has a fifty day simple moving average of $170.83 and a two-hundred day simple moving average of $139.08. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is currently 1.14%.

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.