Impax Asset Management Group plc Has $565.89 Million Position in NVIDIA Corporation $NVDA

Key Points

• Impax Asset Management Group cut its NVIDIA stake by 4.6% in the fourth quarter, but still held 3,034,256 shares worth about $565.9 million. NVIDIA remains a major position for the firm, accounting for roughly 3.5% of its portfolio.
• Institutional ownership of NVIDIA remains very high, with 65.27% of shares held by institutions. The article highlights continued buying and large positions from firms like State Street, Geode Capital, and Norges Bank.
• Wall Street sentiment is broadly bullish ahead of earnings, with several analysts raising price targets and maintaining Buy/Overweight ratings. NVIDIA also recently beat earnings and revenue expectations, reinforcing optimism around strong AI datacenter demand.

Impax Asset Management Group plc trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,034,256 shares of the computer hardware maker's stock after selling 145,698 shares during the quarter. NVIDIA comprises about 3.5% of Impax Asset Management Group plc's portfolio, making the stock its 4th biggest holding. Impax Asset Management Group plc's holdings in NVIDIA were worth $565,889,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp lifted its position in shares of NVIDIA by 1.0% during the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock worth $154,556,803,000 after buying an additional 9,554,857 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of NVIDIA by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock worth $91,150,170,000 after buying an additional 8,521,936 shares during the last quarter. Norges Bank bought a new stake in shares of NVIDIA during the 2nd quarter worth $51,386,863,000. Legal & General Group Plc lifted its position in shares of NVIDIA by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock worth $33,808,862,000 after buying an additional 2,609,560 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in shares of NVIDIA by 16.1% during the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock worth $30,855,564,000 after buying an additional 22,896,705 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company restated an "overweight" rating and set a $315.00 price objective (up from $265.00) on shares of NVIDIA in a research report on Tuesday, May 12th. Bank of America upped their price objective on NVIDIA from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Wednesday, May 13th. Morgan Stanley upped their price objective on NVIDIA from $260.00 to $285.00 and gave the stock an "overweight" rating in a research report on Monday. New Street Research dropped their price objective on NVIDIA from $307.00 to $275.00 and set a "buy" rating for the company in a research report on Tuesday, March 31st. Finally, Raymond James Financial upped their price objective on NVIDIA from $291.00 to $323.00 and gave the stock a "strong-buy" rating in a research report on Thursday, March 19th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Buy" and a consensus target price of $278.73.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Several Wall Street firms remain bullish ahead of earnings, with KeyBanc, DA Davidson, Morgan Stanley and Wedbush all raising price targets to as high as $300, citing continued momentum from Blackwell and the coming Rubin platform. Article Title
• Positive Sentiment: Coverage continues to point to strong AI datacenter demand and a likely “beat-and-raise” quarter, with analysts and investors expecting another huge revenue print and strong guidance. Article Title
• Positive Sentiment: Hedge-fund filings showing managers such as Tiger Global, Bridgewater, Soros Fund Management and D1 Capital adding to NVDA stakes reinforce institutional confidence in the stock. Article Title
• Neutral Sentiment: Most of the recent news flow is centered on investor positioning and earnings anticipation, including options-market activity, prediction-market bets, and broad media attention ahead of the report. Article Title
• Negative Sentiment: Some commentary warns that expectations are extremely high, the options market is signaling volatility, and any miss or cautious guidance could disappoint investors. Article Title
• Negative Sentiment: Bearish analysis is also emerging around valuation and demand sustainability, with one report arguing that political backlash against data centers and a shift toward more CPU-centric architectures could pressure future GPU demand. Article Title

NVIDIA Price Performance

Shares of NVDA opened at $222.32 on Tuesday. NVIDIA Corporation has a 12-month low of $129.16 and a 12-month high of $236.54. The business has a 50-day simple moving average of $193.14 and a two-hundred day simple moving average of $188.51. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05. The stock has a market cap of $5.38 trillion, a PE ratio of 45.37, a PEG ratio of 0.70 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The business had revenue of $68.13 billion during the quarter, compared to analysts' expectations of $65.56 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The business's revenue for the quarter was up 73.2% compared to the same quarter last year. Analysts anticipate that NVIDIA Corporation will post 7.84 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, March 11th. NVIDIA's dividend payout ratio is presently 0.82%.

Insider Buying and Selling

In other news, Director John Dabiri sold 3,004 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $184.90, for a total value of $555,439.60. Following the completion of the sale, the director owned 14,788 shares of the company's stock, valued at approximately $2,734,301.20. This represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 300,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total value of $54,675,000.00. Following the completion of the sale, the executive vice president directly owned 3,018,547 shares of the company's stock, valued at approximately $550,130,190.75. The trade was a 9.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 906,336 shares of company stock valued at $162,802,518. Corporate insiders own 4.17% of the company's stock.

NVIDIA Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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