Lathrop Investment Management Co. Grows Stock Position in NVIDIA Corporation $NVDA

Lathrop Investment Management Co. grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,832 shares of the computer hardware maker’s stock after buying an additional 1,441 shares during the quarter. Lathrop Investment Management Co.’s holdings in NVIDIA were worth $3,291,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of NVDA. Morton Brown Family Wealth LLC lifted its holdings in NVIDIA by 1.5% in the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock valued at $621,000 after acquiring an additional 58 shares during the period. Roof Eidam Maycock Peralta LLC raised its position in NVIDIA by 0.3% during the second quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker’s stock worth $3,302,000 after acquiring an additional 58 shares during the last quarter. Alpha Wealth Funds LLC lifted its stake in NVIDIA by 1.3% in the 2nd quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock valued at $732,000 after buying an additional 59 shares in the last quarter. Copia Wealth Management lifted its position in shares of NVIDIA by 14.7% in the second quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock valued at $74,000 after acquiring an additional 60 shares in the last quarter. Finally, BKM Wealth Management LLC increased its position in NVIDIA by 1.1% during the 2nd quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker’s stock worth $908,000 after purchasing an additional 60 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 2.6%

Shares of NVDA opened at $177.82 on Wednesday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The stock’s 50-day moving average is $186.62 and its two-hundred day moving average is $169.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock has a market cap of $4.32 trillion, a PE ratio of 50.66, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. The business had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s revenue was up 62.5% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. Equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s payout ratio is presently 0.99%.

Insider Activity

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the sale, the chief executive officer owned 72,248,366 shares of the company’s stock, valued at $12,829,142,350.62. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NVDA has been the subject of a number of recent research reports. Loop Capital lifted their price target on shares of NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 price target on shares of NVIDIA in a research note on Thursday, November 20th. Oppenheimer restated an “outperform” rating and issued a $265.00 price target on shares of NVIDIA in a report on Thursday, November 20th. Morgan Stanley increased their price objective on shares of NVIDIA from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Finally, HSBC set a $320.00 target price on shares of NVIDIA and gave the company a “buy” rating in a report on Wednesday, October 15th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $258.19.

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.