NVIDIA Corporation $NVDA is Altimeter Capital Management LP's 2nd Largest Position

Key Points

• Altimeter Capital Management LP decreased its stake in NVIDIA Corporation by 8.9%, selling 695,292 shares, leaving it with 7,150,477 shares which represent about 15.6% of its portfolio and valued at approximately $774.97 million.
• Despite recent stake reductions by some investors, large institutional players like Goldman Sachs and Price T Rowe Associates have increased their holdings in NVIDIA, showcasing ongoing investor interest.
• NVIDIA reported a quarterly earnings per share of $1.05, exceeding expectations, and has announced a $0.01 quarterly dividend, reflecting healthy profit margins and solid revenue growth year-over-year.

Altimeter Capital Management LP lessened its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,150,477 shares of the computer hardware maker's stock after selling 695,292 shares during the period. NVIDIA makes up about 15.6% of Altimeter Capital Management LP's holdings, making the stock its 2nd biggest holding. Altimeter Capital Management LP's holdings in NVIDIA were worth $774,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Copia Wealth Management purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the 1st quarter worth $51,000. Bruce G. Allen Investments LLC raised its holdings in 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 purchasing an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. raised its stake in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded up $0.65 during trading on Friday, reaching $177.82. The stock had a trading volume of 124,573,313 shares, compared to its average volume of 177,755,424. 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 stock has a market cap of $4.32 trillion, a PE ratio of 50.66, a P/E/G ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The firm's 50 day moving average price is $174.42 and its two-hundred day moving average price is $141.58.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating 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 in the previous year, the firm earned $0.68 earnings per share. The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 presently 1.14%.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the transaction, the chief executive officer owned 72,248,366 shares of the company's stock, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director directly owned 368,887 shares in the company, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,907,755 shares of company stock worth $633,253,430 over the last ninety days. 4.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NVDA shares. Evercore ISI boosted their target price on shares of NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Bank of America lifted their price objective on NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Raymond James Financial lifted their target price on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. UBS Group boosted their target price on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Finally, Rosenblatt Securities increased their price objective on shares of NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Four equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $207.83.

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.