Senator Investment Group LP Boosts Stock Position in NVIDIA Corporation $NVDA

Key Points

• Senator Investment Group LP increased its holdings in NVIDIA by 8.3% during Q1, leading to a total of 357,500 shares valued at approximately $38.7 million.
• Several institutional investors, including Goldman Sachs and GAMMA Investing LLC, also significantly boosted their stakes in NVIDIA, reflecting strong institutional interest in the stock.
• Analysts have set new price targets for NVIDIA, with a consensus price target of $207.42 and a predominant recommendation of "buy" from various research firms.

Senator Investment Group LP increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,500 shares of the computer hardware maker's stock after buying an additional 27,500 shares during the period. NVIDIA comprises approximately 2.1% of Senator Investment Group LP's investment portfolio, making the stock its 21st largest holding. Senator Investment Group LP's holdings in NVIDIA were worth $38,746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in shares of NVIDIA during the first quarter worth about $15,089,414,000. Goldman Sachs Group Inc. increased its stake in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after buying an additional 103,889,872 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after acquiring an additional 48,439,859 shares during the last quarter. Northern Trust Corp lifted its position in shares of NVIDIA by 15.8% in 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. Finally, Assenagon Asset Management S.A. boosted its stake in shares of NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the topic of a number of research reports. Citigroup decreased their price objective on NVIDIA from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday. Stifel Nicolaus increased their target price on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research report on Monday, August 25th. UBS Group boosted their price target on shares of NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Barclays upped their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Finally, Benchmark raised their target price on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $207.42.

NVIDIA Price Performance

NASDAQ:NVDA opened at $177.33 on Thursday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The stock's fifty day moving average is $173.69 and its two-hundred day moving average is $140.91. The company has a market capitalization of $4.31 trillion, a P/E ratio of 50.52, a P/E/G ratio of 1.24 and a beta of 2.10. 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 (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 (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the company earned $0.68 EPS. The company's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company 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 dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.14%.

Insider Activity at NVIDIA

In other news, Director Dawn E. Hudson sold 18,000 shares of NVIDIA stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the completion of the transaction, the director owned 368,887 shares in the company, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the completion of the transaction, the chief executive officer owned 72,398,366 shares of the company's stock, valued at $12,286,726,693.86. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,832,755 shares of company stock worth $619,935,680. 4.17% of the stock is owned by insiders.

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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