AMF Tjanstepension AB Sells 82,131 Shares of NVIDIA Corporation $NVDA

AMF Tjanstepension AB trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,944,247 shares of the computer hardware maker's stock after selling 82,131 shares during the period. NVIDIA makes up approximately 6.4% of AMF Tjanstepension AB's holdings, making the stock its 2nd biggest holding. AMF Tjanstepension AB's holdings in NVIDIA were worth $861,004,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Caisse Des Depots ET Consignations grew its stake in shares of NVIDIA by 0.7% during the 1st quarter. Caisse Des Depots ET Consignations now owns 511,146 shares of the computer hardware maker's stock worth $55,398,000 after acquiring an additional 3,484 shares in the last quarter. Union Heritage Capital LLC lifted its holdings in NVIDIA by 43.7% during the 1st quarter. Union Heritage Capital LLC now owns 65,740 shares of the computer hardware maker's stock valued at $7,125,000 after purchasing an additional 20,000 shares during the last quarter. Flagship Wealth Advisors LLC lifted its holdings in NVIDIA by 0.6% during the 1st quarter. Flagship Wealth Advisors LLC now owns 37,743 shares of the computer hardware maker's stock valued at $4,091,000 after purchasing an additional 210 shares during the last quarter. Fayez Sarofim & Co lifted its holdings in shares of NVIDIA by 14.9% during the first quarter. Fayez Sarofim & Co now owns 6,678,844 shares of the computer hardware maker's stock worth $732,613,000 after buying an additional 864,727 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of NVIDIA by 11.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 45,171,415 shares of the computer hardware maker's stock worth $4,895,678,000 after buying an additional 4,789,753 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Down 2.7%

Shares of NASDAQ:NVDA opened at $167.02 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a market capitalization of $4.06 trillion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 1.21 and a beta of 2.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The business has a fifty day moving average price of $172.73 and a two-hundred day moving average price of $140.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping 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 business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the company earned $0.68 EPS. The firm's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 608,248 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the transaction, the director directly owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. The trade was a 6.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,872,755 shares of company stock valued at $764,283,330 over the last quarter. Company insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. The Goldman Sachs Group reiterated a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, August 27th. Wolfe Research boosted their price target on NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Evercore ISI upped their target price on NVIDIA from $190.00 to $214.00 and gave the company an "outperform" rating in a report on Friday, August 22nd. KeyCorp reissued an "overweight" rating and issued a $230.00 price target (up from $215.00) on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $207.69.

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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