Hemington Wealth Management Increases Position in NVIDIA Corporation $NVDA

Hemington Wealth Management lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,950 shares of the computer hardware maker’s stock after purchasing an additional 153 shares during the period. Hemington Wealth Management’s holdings in NVIDIA were worth $2,378,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. increased its stake in 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 buying an additional 254 shares in the last quarter. Copia Wealth Management acquired a new stake in shares of NVIDIA in the fourth quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the first quarter worth approximately $51,000. Bruce G. Allen Investments LLC boosted 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 worth $53,000 after acquiring an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA in the fourth quarter worth approximately $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 608,248 shares of the company’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total transaction of $88,354,104.48. Following the transaction, the director directly owned 8,247,600 shares in the company, valued at $1,198,046,376. This represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,872,755 shares of company stock valued at $764,283,330 over the last three months. 4.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NVDA shares. Bank of America lifted their price target on NVIDIA from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Wall Street Zen raised NVIDIA from a “hold” rating to a “buy” rating in a research note on Friday. Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Mizuho boosted their price target on shares of NVIDIA from $192.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, August 14th. Finally, Jefferies Financial Group upped their price objective on NVIDIA from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $207.69.

NVIDIA Stock Down 2.7%

NASDAQ:NVDA opened at $167.02 on Friday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average is $172.73 and its two-hundred day moving average is $140.20. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The stock has a market capitalization of $4.06 trillion, a price-to-earnings ratio of 47.58, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $45.65 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The firm’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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 paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA’s dividend payout ratio is 1.14%.

NVIDIA 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.