Thomas Story & Son LLC Grows Stake in NVIDIA Corporation $NVDA

Thomas Story & Son LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 17.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,650 shares of the computer hardware maker’s stock after purchasing an additional 850 shares during the period. Thomas Story & Son LLC’s holdings in NVIDIA were worth $612,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Copia Wealth Management purchased a new position in shares of NVIDIA during the 4th quarter valued at $50,000. Kathleen S. Wright Associates Inc. grew 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 valued at $44,000 after purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the 1st quarter worth $51,000. Bruce G. Allen Investments LLC grew its position in 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 acquiring an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. grew its position in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after acquiring an additional 590 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Ajay K. Puri sold 168,195 shares of the company’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 of the company’s stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,832,755 shares of company stock valued at $619,935,680. Insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NVDA shares. Rosenblatt Securities upped their target price on shares of NVIDIA from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Phillip Securities upgraded shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. Loop Capital upped their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. KeyCorp reiterated an “overweight” rating and issued a $230.00 target price (up from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Citigroup cut their target price on shares of NVIDIA from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $207.42.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $170.76 on Wednesday. The company has a market cap of $4.15 trillion, a price-to-earnings ratio of 48.65, a price-to-earnings-growth ratio of 1.22 and a beta of 2.10. The company has a 50-day moving average price of $173.29 and a 200-day moving average price of $140.65. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm 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 period in the prior 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 EPS for the current year.

NVIDIA Dividend Announcement

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

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.