Renaissance Technologies Doubles Down on NVIDIA

NVIDIA Corporation (NVDA) shares have gained significant attention from institutional investors, particularly Renaissance Technologies LLC. According to its latest SEC filing, Renaissance Technologies increased its stake in NVDA by 190% during the 1st quarter. The company now owns approximately 2,526,948 shares of NVDA stock after acquiring an additional 1,655,528 shares during the quarter.

This represents about 0.7% of Renaissance Technologies' portfolio, making NVDA its 10th largest holding. The total value of the company's holdings in NVDA is approximately $440 million as of its most recent filing with the SEC.

NVDA has been a popular choice among institutional investors, and many have increased their stakes in the company recently. Diversified Enterprises LLC grew its position in NVDA by 44% in the 4th quarter, while ASR Vermogensbeheer N.V. raised its stake in NVDA by 1.8% during the same period.

NVDA has been performing well, with a revenue growth of 85.2% compared to the same quarter last year. The company's quarterly dividend payout is currently $0.25 per share, and it has declared a share repurchase program that permits the company to buy up to 1.5% of its outstanding shares through open market purchases.