NVIDIA Corporation $NVDA is Prudential PLC’s 8th Largest Position

Prudential PLC cut its position in NVIDIA Corporation (NASDAQ:NVDA) by 1.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,338,171 shares of the computer hardware maker’s stock after selling 39,792 shares during the quarter. NVIDIA comprises 1.3% of Prudential PLC’s investment portfolio, making the stock its 8th biggest position. Prudential PLC’s holdings in NVIDIA were worth $253,411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Resona Asset Management Co. Ltd. lifted its stake in NVIDIA by 7.9% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 8,488,310 shares of the computer hardware maker’s stock worth $921,738,000 after purchasing an additional 621,285 shares in the last quarter. Rathbones Group PLC lifted its stake in NVIDIA by 9.2% in the 1st quarter. Rathbones Group PLC now owns 4,910,079 shares of the computer hardware maker’s stock worth $532,153,000 after purchasing an additional 412,087 shares in the last quarter. Ariadne Wealth Management LP lifted its stake in NVIDIA by 5.5% in the 1st quarter. Ariadne Wealth Management LP now owns 33,745 shares of the computer hardware maker’s stock worth $3,936,000 after purchasing an additional 1,772 shares in the last quarter. Finer Wealth Management Inc. lifted its stake in NVIDIA by 6.2% in the 1st quarter. Finer Wealth Management Inc. now owns 85,188 shares of the computer hardware maker’s stock worth $9,233,000 after purchasing an additional 4,946 shares in the last quarter. Finally, Saiph Capital LLC lifted its stake in NVIDIA by 7.0% in the 1st quarter. Saiph Capital LLC now owns 13,593 shares of the computer hardware maker’s stock worth $1,473,000 after purchasing an additional 894 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 608,248 shares of the business’s stock in a transaction dated 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 $1,198,046,376. The trade was a 6.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,832,755 shares of company stock worth $619,935,680. 4.17% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $170.76 on Wednesday. The company’s fifty day simple moving average is $173.29 and its two-hundred day simple moving average is $140.65. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The firm has a market cap of $4.15 trillion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 1.22 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 (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The company’s revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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 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 presently 1.14%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NVDA. DA Davidson increased their price target on shares of NVIDIA from $135.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Wells Fargo & Company lifted their price objective on shares of NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 11th. Morgan Stanley lifted their price objective on shares of NVIDIA from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Jefferies Financial Group lifted their price objective on shares of NVIDIA from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Finally, Mizuho lifted their price objective on shares of NVIDIA from $192.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $207.42.

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.