Arizona State Retirement System Sells 219,895 Shares of NVIDIA Corporation $NVDA

Key Points

• Arizona State Retirement System trimmed its NVIDIA position by 3.1% in the fourth quarter, selling 219,895 shares. Even after the sale, NVIDIA remained its largest holding at about 7.0% of the portfolio, worth roughly $1.29 billion.
• Insiders have also been selling, including CFO Colette Kress and Director Mark A. Stevens, with total insider sales of 906,336 shares over the last 90 days. Corporate insiders still own 4.17% of the company.
• NVIDIA reported strong quarterly results, beating EPS and revenue estimates with $1.62 EPS on $68.13 billion in revenue, while analysts remain broadly bullish with an average Buy rating and a $276.56 target price. The stock was down 4.4% in the session despite its huge market cap and strong growth outlook.

Arizona State Retirement System decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,905,742 shares of the computer hardware maker's stock after selling 219,895 shares during the quarter. NVIDIA accounts for approximately 7.0% of Arizona State Retirement System's portfolio, making the stock its largest holding. Arizona State Retirement System's holdings in NVIDIA were worth $1,287,921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in NVIDIA in the 2nd quarter valued at $51,386,863,000. Capital Research Global Investors grew its stake in NVIDIA by 16.1% in the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock valued at $30,855,564,000 after acquiring an additional 22,896,705 shares during the period. Laurel Wealth Advisors LLC grew its stake in NVIDIA by 15,496.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker's stock valued at $3,454,534,000 after acquiring an additional 21,725,326 shares during the period. Danske Bank A S acquired a new stake in NVIDIA in the 3rd quarter valued at $3,180,313,000. Finally, Massachusetts Financial Services Co. MA grew its stake in NVIDIA by 25.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 71,720,593 shares of the computer hardware maker's stock valued at $13,381,628,000 after acquiring an additional 14,358,048 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 20,000 shares of NVIDIA stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $3,497,800.00. Following the transaction, the chief financial officer owned 83,060 shares in the company, valued at $14,526,363.40. The trade was a 19.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 221,682 shares of NVIDIA stock in a transaction on Friday, March 20th. The stock was sold at an average price of $173.68, for a total value of $38,501,729.76. Following the transaction, the director owned 7,399,771 shares in the company, valued at approximately $1,285,192,227.28. This represents a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 906,336 shares of company stock worth $162,802,518 over the last 90 days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Trading Down 4.4%

Shares of NVDA opened at $225.32 on Friday. NVIDIA Corporation has a 52-week low of $129.16 and a 52-week high of $236.54. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05. The firm's fifty day moving average is $192.36 and its two-hundred day moving average is $188.38. The stock has a market cap of $5.46 trillion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 0.70 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The company had revenue of $68.13 billion for the quarter, compared to analysts' expectations of $65.56 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The firm's quarterly revenue was up 73.2% on a year-over-year basis. Research analysts forecast that NVIDIA Corporation will post 7.84 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, March 11th. NVIDIA's payout ratio is 0.82%.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Multiple reports said the U.S. has cleared Nvidia’s H200 AI chips for sale to about 10 Chinese companies, raising hopes for a meaningful rebound in China-related data center revenue. Reuters article
• Positive Sentiment: UBS and Cantor Fitzgerald both raised price targets on NVIDIA, reinforcing Wall Street’s view that AI demand and data center growth still have room to drive further upside. Proactive Investors article American Banking News article
• Positive Sentiment: Investors are increasingly betting that Nvidia will beat Q1 FY2027 expectations, with several previews citing strong hyperscaler spending, AI infrastructure demand, and a possible revenue surprise. Seeking Alpha article Investopedia article
• Neutral Sentiment: Coverage this morning emphasized that Nvidia’s stock has run hard into earnings, so some investors are locking in gains and watching whether the report can justify the valuation. CNBC article
• Negative Sentiment: The broader semiconductor complex sold off today, and some articles noted that Nvidia’s China opportunity is still not fully secured because approvals, deliveries, and Chinese domestic-chip competition remain uncertain. Benzinga article CNBC article

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NVDA shares. Needham & Company LLC reissued a "buy" rating and issued a $240.00 price target on shares of NVIDIA in a research note on Wednesday, March 18th. BNP Paribas Exane lifted their price target on shares of NVIDIA from $260.00 to $270.00 and gave the company an "outperform" rating in a research note on Thursday, February 26th. Morgan Stanley set a $260.00 price target on shares of NVIDIA in a research note on Monday, March 2nd. Piper Sandler reissued an "overweight" rating on shares of NVIDIA in a research note on Thursday, February 26th. Finally, Barclays reissued a "buy" rating on shares of NVIDIA in a research note on Thursday, February 26th. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Buy" and an average target price of $276.56.

NVIDIA Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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