Retirement Systems of Alabama Acquires 154,999 Shares of NVIDIA Corporation $NVDA

Retirement Systems of Alabama raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,922,414 shares of the computer hardware maker’s stock after acquiring an additional 154,999 shares during the period. NVIDIA accounts for about 5.0% of Retirement Systems of Alabama’s investment portfolio, making the stock its biggest holding. Retirement Systems of Alabama’s holdings in NVIDIA were worth $1,409,652,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. Harbor Asset Planning Inc. bought a new stake in NVIDIA in the second quarter valued at $28,000. Kathleen S. Wright Associates Inc. increased its holdings 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 worth $44,000 after acquiring an additional 254 shares during the period. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the 2nd quarter valued at about $55,000. Campbell Capital Management Inc. boosted its stake in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after purchasing an additional 590 shares during the period. Finally, Westend Capital Management LLC grew its position in NVIDIA by 46.8% in the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after purchasing an additional 145 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent analyst reports. Bank of America lifted their price target on NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Sanford C. Bernstein reiterated a “buy” rating on shares of NVIDIA in a research report on Wednesday. DA Davidson reissued a “buy” rating and issued a $250.00 price target on shares of NVIDIA in a research note on Thursday, November 20th. DZ Bank restated a “buy” rating on shares of NVIDIA in a research note on Thursday, November 20th. Finally, CICC Research upped their price objective on shares of NVIDIA from $200.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $258.19.

NVIDIA Trading Up 1.4%

Shares of NASDAQ NVDA opened at $180.26 on Thursday. 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 12 month low of $86.62 and a 12 month high of $212.19. The company has a market cap of $4.38 trillion, a price-to-earnings ratio of 51.36, a P/E/G ratio of 1.49 and a beta of 2.11. The business has a fifty day simple moving average of $186.82 and a 200-day simple moving average of $169.74.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio is 0.99%.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the transaction, 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,252,203 shares of company stock valued at $583,255,504. Company insiders own 4.17% of the company’s stock.

About NVIDIA

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.