SWS Partners increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,231 shares of the computer hardware maker’s stock after buying an additional 414 shares during the period. NVIDIA accounts for approximately 2.0% of SWS Partners’ investment portfolio, making the stock its 8th biggest position. SWS Partners’ holdings in NVIDIA were worth $6,419,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. increased 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 purchasing an additional 254 shares during the last quarter. Copia Wealth Management acquired a new position in shares of NVIDIA in the fourth quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the first quarter valued at about $51,000. Bruce G. Allen Investments LLC grew its stake 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 acquiring an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. grew its stake in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after acquiring an additional 590 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on NVDA shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $215.00 price objective on shares of NVIDIA in a research report on Thursday, September 4th. TD Cowen upped their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Rosenblatt Securities upped their price objective 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. Finally, Bank of America upped their price objective on shares of NVIDIA from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $207.83.
Insiders Place Their Bets
In other news, Director Mark A. Stevens sold 608,248 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 8,247,600 shares of the company’s stock, valued at $1,198,046,376. This trade represents a 6.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,907,755 shares of company stock worth $633,253,430. 4.17% of the stock is currently owned by insiders.
NVIDIA Stock Up 0.4%
NVIDIA stock opened at $177.82 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The firm has a 50 day moving average price of $174.42 and a two-hundred day moving average price of $141.80. The firm has a market cap 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 (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the business earned $0.68 EPS. The company’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.
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.
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