NVIDIA Corporation $NVDA Shares Acquired by SCS Capital Management LLC

SCS Capital Management LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA) by 130.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,996 shares of the computer hardware maker’s stock after buying an additional 100,739 shares during the quarter. SCS Capital Management LLC’s holdings in NVIDIA were worth $19,292,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kathleen S. Wright Associates Inc. lifted its holdings in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the period. Copia Wealth Management acquired a new stake in shares of NVIDIA in the fourth quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the first quarter valued at $51,000. Bruce G. Allen Investments LLC lifted 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 valued at $53,000 after buying an additional 327 shares during the period. Finally, Campbell Capital Management Inc. lifted its holdings in shares of NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after purchasing an additional 590 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Up 0.4%

NASDAQ:NVDA opened at $177.82 on Friday. The firm has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 50.66, a PEG ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average price is $174.42 and its 200 day moving average price is $141.65.

NVIDIA (NASDAQ:NVDA) last issued its 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. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the prior year, the firm posted $0.68 EPS. The business’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced 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. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s dividend payout ratio is presently 1.14%.

Insiders Place Their Bets

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the company’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 608,248 shares of the company’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the completion of the transaction, the director directly 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 disclosure for this sale can be found here. Insiders have sold a total of 3,907,755 shares of company stock valued at $633,253,430 in the last three months. Insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NVDA shares. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Wells Fargo & Company upped their target price on NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 11th. DA Davidson raised NVIDIA from a “neutral” rating to a “buy” rating and upped their target price for the company from $195.00 to $210.00 in a report on Thursday. Wedbush reaffirmed an “outperform” rating and set a $210.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Finally, Craig Hallum upped their target price on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $207.83.

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.