Total Investment Management Inc. Reduces Position in NVIDIA Corporation $NVDA

Key Points

• Total Investment Management Inc. reduced its holdings in NVIDIA Corporation by 15.4%, selling 2,088 shares to hold a total of 11,464 shares worth $1,242,000.
• Several large investors increased their stakes in NVIDIA recently, with FMR LLC and Price T Rowe Associates Inc. growing their positions by 0.7% and 0.9% respectively in the fourth quarter.
• NVIDIA's share price performance shows a market cap of $4.17 trillion, a PE ratio of 48.91, and a significant year-over-year increase in revenue of 55.6% for the last quarter.

Total Investment Management Inc. lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,464 shares of the computer hardware maker's stock after selling 2,088 shares during the period. NVIDIA accounts for approximately 0.2% of Total Investment Management Inc.'s investment portfolio, making the stock its 24th biggest position. Total Investment Management Inc.'s holdings in NVIDIA were worth $1,242,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. FMR LLC grew its stake in NVIDIA by 0.7% during the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after acquiring an additional 6,665,252 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 valued at $55,237,367,000 after acquiring an additional 3,721,331 shares in the last quarter. Northern Trust Corp boosted its holdings in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NVIDIA by 11.4% in the 4th 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 purchasing an additional 20,494,402 shares during the last quarter. Finally, Capital World Investors boosted its holdings in NVIDIA by 6.5% in the 4th quarter. Capital World Investors now owns 140,921,614 shares of the computer hardware maker's stock valued at $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.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total value of $12,723,750.00. Following the sale, the chief executive officer directly owned 72,698,366 shares of the company's stock, valued at approximately $12,333,277,791.90. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director directly owned 368,887 shares in the company, valued at approximately $63,448,564. This represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,872,755 shares of company stock worth $764,283,330. 4.17% of the stock is owned by company insiders.

NVIDIA Price Performance

NVIDIA stock opened at $171.66 on Friday. The firm has a market cap of $4.17 trillion, a PE ratio of 48.91, a price-to-earnings-growth ratio of 1.24 and a beta of 2.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. 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 company's 50 day moving average is $172.55 and its two-hundred day moving average is $140.01.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results 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. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of NVIDIA from $190.00 to $214.00 and gave the company an "outperform" rating in a report on Friday, August 22nd. Loop Capital boosted their target price on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Wolfe Research boosted their target price on shares of NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $240.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Finally, Citigroup reiterated a "buy" rating and issued a $210.00 target price (up from $190.00) on shares of NVIDIA in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $207.69.

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.

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.