Alberta Investment Management Corp Purchases 192,925 Shares of NVIDIA Corporation $NVDA

Key Points

• Alberta Investment Management Corp increased its stake in NVIDIA Corporation by 17.1% during the first quarter, acquiring an additional 192,925 shares, bringing their total holdings to 1,318,141 shares valued at approximately $142.86 million.
• NVIDIA has seen upgrades in its stock ratings from multiple analysts, with price targets increased significantly, highlighting a positive outlook on the company's performance.
• The company reported earnings of $1.05 per share, exceeding analysts' expectations, with quarterly revenue reaching $46.74 billion, reflecting a year-over-year increase of 55.6%.

Alberta Investment Management Corp increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,318,141 shares of the computer hardware maker's stock after purchasing an additional 192,925 shares during the quarter. NVIDIA makes up 1.0% of Alberta Investment Management Corp's portfolio, making the stock its 14th biggest position. Alberta Investment Management Corp's holdings in NVIDIA were worth $142,860,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NVDA. Howland Capital Management LLC grew its position in shares of NVIDIA by 7.1% during the 1st quarter. Howland Capital Management LLC now owns 481,443 shares of the computer hardware maker's stock worth $52,184,000 after buying an additional 31,967 shares during the period. BCGM Wealth Management LLC lifted its holdings in NVIDIA by 6.8% in the first quarter. BCGM Wealth Management LLC now owns 19,218 shares of the computer hardware maker's stock valued at $2,083,000 after buying an additional 1,226 shares during the period. Nicolet Advisory Services LLC lifted its holdings in NVIDIA by 2.0% in the first quarter. Nicolet Advisory Services LLC now owns 92,443 shares of the computer hardware maker's stock valued at $9,944,000 after buying an additional 1,834 shares during the period. Momentous Wealth Management Inc. boosted its stake in NVIDIA by 38.5% in the first quarter. Momentous Wealth Management Inc. now owns 11,776 shares of the computer hardware maker's stock valued at $1,276,000 after acquiring an additional 3,274 shares during the last quarter. Finally, Shufro Rose & Co. LLC grew its stake in shares of NVIDIA by 455.8% during the first quarter. Shufro Rose & Co. LLC now owns 140,229 shares of the computer hardware maker's stock worth $15,198,000 after purchasing an additional 115,000 shares during the period. Institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. Truist Financial boosted their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a report on Thursday. Rosenblatt Securities raised their price target on NVIDIA from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group lifted their price objective on NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, August 21st. DA Davidson raised their price objective on shares of NVIDIA from $135.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, BNP Paribas raised shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.69.

NVIDIA Price Performance

NASDAQ:NVDA opened at $174.18 on Monday. The stock's 50-day simple moving average is $170.83 and its 200 day simple moving average is $139.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a market cap of $4.23 trillion, a P/E ratio of 49.62, a P/E/G ratio of 1.30 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 101.74% and a net margin of 52.41%.The business's revenue was up 55.6% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the transaction, the chief executive officer directly owned 72,848,225 shares of the company's stock, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,736,604 shares of company stock valued at $878,806,839. Insiders own 4.17% of the company's stock.

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.

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