Investment Counsel Co. of Nevada Boosts Stake in NVIDIA Corporation $NVDA

Investment Counsel Co. of Nevada lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 97.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,030 shares of the computer hardware maker’s stock after acquiring an additional 1,000 shares during the quarter. Investment Counsel Co. of Nevada’s holdings in NVIDIA were worth $220,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NVDA. Kathleen S. Wright Associates Inc. raised its position 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 purchasing an additional 254 shares during the last quarter. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the 1st quarter worth about $51,000. Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% during the 1st 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 position in shares of NVIDIA during the 4th quarter worth about $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $171.66 on Friday. The company has a fifty day simple moving average of $172.55 and a two-hundred day simple moving average of $140.01. The company has a market cap of $4.17 trillion, a price-to-earnings ratio of 48.91, a price-to-earnings-growth ratio of 1.24 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS 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 company’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NVDA shares. Robert W. Baird upped their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a report on Friday, August 1st. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $215.00 price objective on shares of NVIDIA in a report on Thursday. DA Davidson increased their price objective on shares of NVIDIA from $135.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Finally, Craig Hallum increased their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, August 28th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $207.69.

Insider Activity

In related news, Director Mark A. Stevens sold 608,248 shares of the business’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total transaction of $88,354,104.48. Following the completion of the transaction, the director owned 8,247,600 shares in the company, valued at approximately $1,198,046,376. The trade was a 6.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares of the company’s stock, valued at approximately $11,524,126,241.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,872,755 shares of company stock worth $764,283,330. 4.17% of the stock is currently owned by company insiders.

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.