Alecta Tjanstepension Omsesidigt Has $1.13 Billion Position in NVIDIA Corporation $NVDA

Key Points

• Alecta Tjanstepension Omsesidigt increased its stake in NVIDIA Corporation by 13% in Q2, now holding $1.13 billion worth of shares, making NVIDIA its 4th largest position.
• NVIDIA reported quarterly earnings of $1.05 per share, exceeding expectations, with revenue of $46.74 billion, showing a year-over-year increase of 55.6%.
• The company declared a quarterly dividend of $0.01 per share, with an annualized yield of 0.0% and a low dividend payout ratio of 1.14%.

Alecta Tjanstepension Omsesidigt grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,173,600 shares of the computer hardware maker's stock after purchasing an additional 825,000 shares during the quarter. NVIDIA comprises approximately 5.3% of Alecta Tjanstepension Omsesidigt's investment portfolio, making the stock its 4th largest position. Alecta Tjanstepension Omsesidigt's holdings in NVIDIA were worth $1,132,424,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NVDA. Nuveen LLC bought a new stake in shares of NVIDIA in the 1st quarter valued at $15,089,414,000. Goldman Sachs Group Inc. increased its stake in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of NVIDIA by 12,173.2% in the 1st 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 in the last quarter. Assenagon Asset Management S.A. increased its stake in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after purchasing an additional 23,948,733 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in NVIDIA during the 4th quarter valued at $2,987,733,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 0.8%

Shares of NVIDIA stock opened at $176.97 on Thursday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.55. The stock's 50-day simple moving average is $176.39 and its 200 day simple moving average is $144.81. The stock has a market capitalization of $4.30 trillion, a P/E ratio of 50.42, a P/E/G ratio of 1.29 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th 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, September 11th. NVIDIA's dividend payout ratio is 1.14%.

Insider Buying and Selling

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the sale, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at approximately $12,212,571,729.75. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,302,450 shares of company stock worth $740,755,443. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on NVDA. Craig Hallum boosted their price target on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Mizuho boosted their price target on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. New Street Research boosted their price target on shares of NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Cantor Fitzgerald restated an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Barclays restated an "overweight" rating on shares of NVIDIA in a research note on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $208.76.

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.

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