NVIDIA Corporation $NVDA Shares Purchased by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in NVIDIA Corporation by 3.5%, now holding approximately 4.79 million shares, making it the fund's largest position at a value of around $756.91 million.
• Directors of NVIDIA, including Mark A. Stevens and Harvey C. Jones, sold significant amounts of stock, with Stevens selling 350,000 shares for approximately $61.74 million and Jones selling 250,000 shares for about $44.05 million.
• NVIDIA reported a net margin of 52.41% and a year-over-year revenue increase of 55.6%, with a quarterly EPS of $1.05, beating analyst estimates.

IFM Investors Pty Ltd increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,790,898 shares of the computer hardware maker's stock after purchasing an additional 160,912 shares during the period. NVIDIA accounts for approximately 7.2% of IFM Investors Pty Ltd's investment portfolio, making the stock its biggest position. IFM Investors Pty Ltd's holdings in NVIDIA were worth $756,914,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. grew its stake in NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after acquiring an additional 864 shares in the last quarter. Centerpoint Advisory Group grew its stake in shares of NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after buying an additional 943 shares during the period. GSB Wealth Management LLC grew its stake in shares of NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after buying an additional 1,043 shares during the period. Variant Private Wealth LLC grew its stake in shares of NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after buying an additional 3,206 shares during the period. Finally, Financial Perspectives Inc grew its stake in shares of NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after buying an additional 1,265 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In related news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the sale, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,176,470 shares of company stock worth $720,979,162 over the last three months. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $178.19 on Friday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.55. The stock has a market capitalization of $4.33 trillion, a PE ratio of 50.77, a P/E/G ratio of 1.28 and a beta of 2.10. The firm has a 50 day moving average of $176.60 and a two-hundred day moving average of $145.78.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating 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 business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the business earned $0.68 EPS. The company's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts predict 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 paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. KeyCorp reissued an "overweight" rating and issued a $230.00 price target (up previously from $215.00) on shares of NVIDIA in a research note on Thursday, August 28th. Evercore ISI increased their price target on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday. TD Cowen increased their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Finally, Barclays reaffirmed an "overweight" rating and set a $240.00 price objective (up previously from $200.00) on shares of NVIDIA in a research report on Monday. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $209.82.

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.