Adage Capital Partners GP L.L.C. Has $2.44 Billion Holdings in NVIDIA Corporation $NVDA

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in NVIDIA Corporation by 2.5%, now holding 22,488,110 shares, valued at approximately $2.44 billion.
• NVIDIA's stock opened at $177.82 and has a market capitalization of $4.32 trillion, with a strong growth trajectory reflected in a 55.6% revenue increase year-over-year.
• The company recently declared a $0.01 quarterly dividend to be paid on October 2nd, highlighting a low payout ratio of 1.14% amidst strong earnings performance.

Adage Capital Partners GP L.L.C. decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,488,110 shares of the computer hardware maker's stock after selling 571,400 shares during the period. NVIDIA comprises 4.5% of Adage Capital Partners GP L.L.C.'s portfolio, making the stock its 3rd largest holding. Adage Capital Partners GP L.L.C. owned about 0.09% of NVIDIA worth $2,437,261,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Kathleen S. Wright Associates Inc. increased its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the last quarter. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the 1st quarter worth about $51,000. Bruce G. Allen Investments LLC lifted its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. increased its stake in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded up $0.65 during midday trading on Friday, reaching $177.82. The company's stock had a trading volume of 124,573,313 shares, compared to its average volume of 177,755,424. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The firm has a 50 day moving average price of $174.42 and a 200-day moving average price of $141.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock has a market capitalization of $4.32 trillion, a P/E ratio of 50.66, a PEG ratio of 1.29 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 the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

NVDA has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Benchmark lifted their price target on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Wells Fargo & Company boosted their price target on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Barclays increased their target price on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Finally, KeyCorp reiterated an "overweight" rating and issued a $230.00 price target (up previously from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $207.83.

Insider Activity

In other news, Director Dawn E. Hudson sold 18,000 shares of NVIDIA stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the transaction, the director owned 368,887 shares of the company's stock, valued at $63,448,564. The trade was a 4.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the sale, the chief executive officer owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,907,755 shares of company stock worth $633,253,430. Company insiders own 4.17% of the company's stock.

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.