Avanza Fonder AB Has $342.57 Million Stake in NVIDIA Corporation $NVDA

Key Points

• Avanza Fonder AB reduced its stake in NVIDIA Corporation by 2.5%, owning 2,168,306 shares worth approximately $342.57 million, making it the fund's largest position.
• The company reported earnings of $1.05 per share for the last quarter, exceeding analyst expectations, with a revenue of $46.74 billion, up 55.6% compared to the previous year.
• A number of institutional investors have increased their holdings in NVIDIA, while insider sales include significant transactions by CEO Jen Hsun Huang and Director Mark A. Stevens, signaling potential shifts in insider confidence.

Avanza Fonder AB lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,168,306 shares of the computer hardware maker's stock after selling 56,270 shares during the quarter. NVIDIA makes up about 10.2% of Avanza Fonder AB's investment portfolio, making the stock its largest position. Avanza Fonder AB's holdings in NVIDIA were worth $342,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. increased its holdings in NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the last quarter. Centerpoint Advisory Group increased its holdings in NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares during the last quarter. GSB Wealth Management LLC increased its holdings in NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares during the last quarter. Variant Private Wealth LLC increased its holdings in NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc increased its holdings in NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on NVDA. Oppenheimer restated an "outperform" rating and issued a $225.00 price target (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Truist Financial increased their price target on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Needham & Company LLC restated a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Rosenblatt Securities restated a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a report on Tuesday, September 23rd. Finally, Wedbush restated an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $210.21.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $166.00, for a total transaction of $12,450,000.00. Following the transaction, the chief executive officer owned 74,723,225 shares in the company, valued at $12,404,055,350. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the firm's stock in a transaction on Friday, September 19th. The shares were 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 directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,148,818 shares of company stock worth $720,112,070 in the last 90 days. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NASDAQ:NVDA opened at $181.85 on Tuesday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average price is $176.81 and its two-hundred day moving average price is $146.62. The firm has a market capitalization of $4.42 trillion, a price-to-earnings ratio of 51.81, a P/E/G ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the company earned $0.68 earnings per share. The firm's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

NVIDIA Profile

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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