Nuveen LLC Makes New Investment in NVIDIA Corporation $NVDA

Key Points

• Nuveen LLC has initiated a significant investment in NVIDIA Corporation by acquiring approximately 139.2 million shares, valued at around $15.1 billion, making it the company's third-largest holding.
• NVIDIA reported strong quarterly earnings of $1.05 per share, exceeding expectations, with revenue of $46.74 billion—up 55.6% year-over-year.
• Several major investors, including Goldman Sachs and Northern Trust, have increased their stakes in NVIDIA, indicating a growing confidence among institutional investors in the company.

Nuveen LLC purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 139,226,922 shares of the computer hardware maker's stock, valued at approximately $15,089,414,000. NVIDIA accounts for approximately 4.6% of Nuveen LLC's investment portfolio, making the stock its 3rd biggest holding. Nuveen LLC owned approximately 0.57% of NVIDIA at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its holdings in shares of NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after buying an additional 3,721,331 shares during the last quarter. Northern Trust Corp grew its stake in shares of NVIDIA by 15.8% during 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 acquiring an additional 36,266,817 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NVIDIA by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock valued at $26,978,618,000 after acquiring an additional 20,494,402 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of NVIDIA by 123.5% during the first 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. Finally, Capital World Investors lifted its position in shares of NVIDIA by 6.5% during the fourth quarter. Capital World Investors now owns 140,921,614 shares of the computer hardware maker's stock worth $18,925,009,000 after purchasing an additional 8,555,411 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $168.31 on Tuesday. 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 market cap of $4.09 trillion, a P/E ratio of 47.95, a PEG ratio of 1.21 and a beta of 2.10. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company's 50-day simple moving average is $172.94 and its 200 day simple moving average is $140.44.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, 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 announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. 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 is presently 1.14%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NVDA. Wedbush reaffirmed an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Evercore ISI lifted their price target on shares of NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Morgan Stanley lifted their price target on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Wolfe Research raised their price objective on shares of NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Finally, Wall Street Zen raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $207.42.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 608,248 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total value of $88,354,104.48. Following the transaction, the director directly owned 8,247,600 shares in the company, valued at $1,198,046,376. This represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction 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 $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,832,755 shares of company stock worth $619,935,680. Corporate insiders own 4.17% of the company's stock.

NVIDIA Company 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.

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