Alliancebernstein L.P. Has $12.18 Billion Position in NVIDIA Corporation $NVDA

Alliancebernstein L.P. lessened its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,395,710 shares of the computer hardware maker's stock after selling 2,286,102 shares during the period. NVIDIA accounts for 4.4% of Alliancebernstein L.P.'s portfolio, making the stock its 2nd largest holding. Alliancebernstein L.P. owned about 0.46% of NVIDIA worth $12,181,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of NVDA. Nuveen LLC bought a new position in NVIDIA in the 1st quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. raised its position in NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. GAMMA Investing LLC raised its position in NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares during the last quarter. Northern Trust Corp raised its position in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $177.82 on Friday. The firm has a market cap of $4.32 trillion, a PE ratio of 50.66, a PEG ratio of 1.29 and a beta of 2.10. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The company has a fifty day moving average price of $174.42 and a 200 day moving average price of $141.58.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend 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 is presently 1.14%.

Insider Activity

In other NVIDIA news, Director Dawn E. Hudson sold 18,000 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the sale, the director directly owned 368,887 shares of the company's stock, valued at $63,448,564. The trade was a 4.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the sale, the chief executive officer directly owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This trade represents a 0.10% 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 worth $633,253,430 over the last three months. Insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a report on Monday, August 25th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $215.00 target price on shares of NVIDIA in a report on Thursday, September 4th. KeyCorp reaffirmed an "overweight" rating and set a $230.00 target price (up previously from $215.00) on shares of NVIDIA in a report on Thursday, August 28th. Citigroup decreased their price target on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday, September 8th. Finally, Loop Capital boosted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Four 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 stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target 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.

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