ING Groep NV Buys 344,627 Shares of NVIDIA Corporation $NVDA

ING Groep NV boosted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 3.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,321,215 shares of the computer hardware maker’s stock after acquiring an additional 344,627 shares during the period. NVIDIA accounts for about 7.8% of ING Groep NV’s holdings, making the stock its biggest position. ING Groep NV’s holdings in NVIDIA were worth $1,118,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of NVDA. Kathleen S. Wright Associates Inc. boosted its stake in shares of NVIDIA by 169.3% during the 1st 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. Copia Wealth Management purchased a new position in NVIDIA in the 4th quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA during the first quarter worth about $51,000. Bruce G. Allen Investments LLC lifted its position in shares of NVIDIA by 198.2% during 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 last quarter. Finally, LSV Asset Management acquired a new stake in NVIDIA during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director directly owned 26,671,360 shares of the company’s stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the firm’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 completion of the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,951,604 shares of company stock valued at $772,854,889 in the last three months. 4.17% of the stock is owned by insiders.

NVIDIA Stock Down 0.1%

NVIDIA stock opened at $170.62 on Thursday. The company has a market cap of $4.15 trillion, a P/E ratio of 48.61, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10. The company has a current ratio of 4.21, a quick ratio of 2.96 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $172.21 and a 200 day simple moving average of $139.78. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48.

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

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on NVDA. UBS Group raised their price target on shares of NVIDIA from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Mizuho lifted their target price 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. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective (up previously from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Loop Capital lifted their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $225.00 price objective (up previously from $185.00) on shares of NVIDIA in a report on Thursday, August 28th. Four 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 data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $207.69.

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.