NVIDIA Corporation $NVDA is iA Global Asset Management Inc.'s 4th Largest Position

Key Points

• iA Global Asset Management Inc. reduced its stake in NVIDIA by 2.1%, selling 51,904 shares and holding a total of 2,452,129 shares now worth approximately $265.76 million.
• Several institutional investors have recently increased their holdings in NVIDIA, with GAMMA Investing LLC growing its position by a staggering 12,173.2%, now owning 48,837,781 shares valued at over $5.29 billion.
• NVIDIA's stock recently traded down 2.7% to $167.02, with a market cap of $4.06 trillion and a recent net margin of 52.41%.

iA Global Asset Management Inc. trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,452,129 shares of the computer hardware maker's stock after selling 51,904 shares during the quarter. NVIDIA comprises approximately 4.6% of iA Global Asset Management Inc.'s portfolio, making the stock its 4th biggest position. iA Global Asset Management Inc.'s holdings in NVIDIA were worth $265,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ABC Arbitrage SA acquired a new position in NVIDIA in the first quarter valued at approximately $1,239,000. LCM Capital Management Inc boosted its holdings in NVIDIA by 8.3% in the first quarter. LCM Capital Management Inc now owns 70,509 shares of the computer hardware maker's stock valued at $7,642,000 after purchasing an additional 5,425 shares in the last quarter. Maxi Investments CY Ltd boosted its holdings in NVIDIA by 733.3% in the first quarter. Maxi Investments CY Ltd now owns 162,515 shares of the computer hardware maker's stock valued at $17,613,000 after purchasing an additional 143,012 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in NVIDIA by 15.9% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 38,686 shares of the computer hardware maker's stock valued at $4,193,000 after purchasing an additional 5,300 shares in the last quarter. Finally, Syntegra Private Wealth Group LLC boosted its holdings in NVIDIA by 6.5% in the first quarter. Syntegra Private Wealth Group LLC now owns 27,219 shares of the computer hardware maker's stock valued at $2,950,000 after purchasing an additional 1,666 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVDA has been the subject of a number of research analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Truist Financial increased their price objective on NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Raymond James Financial increased their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Finally, Evercore ISI increased their price objective on NVIDIA from $190.00 to $214.00 and gave the company an "outperform" rating in a report on Friday, August 22nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average target price of $207.69.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded down $4.64 during mid-day trading on Friday, hitting $167.02. 223,875,375 shares of the company were exchanged, compared to its average volume of 167,410,624. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $172.73 and a 200-day simple moving average of $140.21. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The firm has a market cap of $4.06 trillion, a price-to-earnings ratio of 47.58, a price-to-earnings-growth ratio of 1.21 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the company earned $0.68 earnings per share. 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. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business 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 of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,872,755 shares of company stock worth $764,283,330. 4.17% of the stock is owned by insiders.

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.