NVIDIA Corporation $NVDA Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,550,368 shares of the computer hardware maker's stock after purchasing an additional 128,239 shares during the quarter. NVIDIA accounts for 1.2% of Connor Clark & Lunn Investment Management Ltd.'s portfolio, making the stock its 17th largest position. Connor Clark & Lunn Investment Management Ltd.'s holdings in NVIDIA were worth $276,409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NVDA. Goldman Sachs Group Inc. boosted its stake in shares of NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares during the period. GAMMA Investing LLC boosted its stake in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after purchasing an additional 48,439,859 shares during the period. Northern Trust Corp boosted its stake in shares of NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after purchasing an additional 23,948,733 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of NVIDIA in the fourth quarter valued at $2,987,733,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVIDIA stock traded up $1.29 during trading hours on Monday, reaching $168.31. The company's stock had a trading volume of 161,369,820 shares, compared to its average volume of 172,462,880. The company's 50 day simple moving average is $172.94 and its 200 day simple moving average is $140.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The stock has a market cap of $4.09 trillion, a P/E ratio of 47.95, a price-to-earnings-growth ratio of 1.21 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the firm posted $0.68 EPS. The company's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction dated 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 sale, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the sale, the chief executive officer directly owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,832,755 shares of company stock worth $619,935,680. 4.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NVDA. Wolfe Research upped their target price on shares of NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Cantor Fitzgerald restated an "overweight" rating and issued a $240.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Loop Capital increased their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Sanford C. Bernstein reiterated an "outperform" rating and set a $225.00 price objective (up from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Truist Financial increased their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $207.42.

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.