NVIDIA Corporation $NVDA Stock Holdings Lifted by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in NVIDIA Corporation by 4.0% in the first quarter, now holding over 9.3 million shares worth approximately $1.01 billion, making NVIDIA its second-largest holding.
• Various analysts have raised their price targets for NVIDIA, with Craig Hallum increasing it from $195 to $245 and Cantor Fitzgerald setting a target of $240, indicating strong investor confidence in the company's growth.
• NVIDIA reported a 55.6% year-over-year revenue increase to $46.74 billion and beat earnings expectations with an EPS of $1.05, demonstrating robust financial performance for the quarter.

Acadian Asset Management LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,349,552 shares of the computer hardware maker's stock after purchasing an additional 356,686 shares during the quarter. NVIDIA accounts for 2.9% of Acadian Asset Management LLC's investment portfolio, making the stock its 2nd biggest holding. Acadian Asset Management LLC's holdings in NVIDIA were worth $1,013,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Copia Wealth Management purchased a new position in shares of NVIDIA in the 4th quarter valued at approximately $50,000. Kathleen S. Wright Associates Inc. boosted its stake in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA in the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC boosted its stake in shares of NVIDIA by 198.2% in the first 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 in the last quarter. Finally, Campbell Capital Management Inc. boosted its stake in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after buying an additional 590 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on NVDA shares. Craig Hallum lifted their price target on NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Cantor Fitzgerald reiterated an "overweight" rating and set a $240.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. DA Davidson upgraded NVIDIA from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $195.00 to $210.00 in a research report on Thursday. Finally, Benchmark boosted their target price on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $207.83.

NVIDIA Stock Performance

NVIDIA stock opened at $177.82 on Monday. The firm 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. The stock has a fifty day moving average price of $174.42 and a 200 day moving average price of $141.80. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion during 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%.The business's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.01 dividend. 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 is presently 1.14%.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's 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 directly 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 608,248 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the sale, the director owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. This represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,907,755 shares of company stock worth $633,253,430. 4.17% of the stock is currently owned by insiders.

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.

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