Bank Pictet & Cie Europe AG Has $367.35 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Bank Pictet & Cie Europe AG increased its stake in NVIDIA Corporation by 1.6% in Q2, now holding 2,325,140 shares valued at approximately $367.35 million.
• High insider activity includes Director Harvey C. Jones selling 250,000 shares for over $44 million, while CEO Jen Hsun Huang sold 75,000 shares worth nearly $12.72 million.
• Analysts maintain a positive outlook on NVIDIA, with multiple firms issuing "buy" ratings and a target price range from $210.00 to $230.00.

Bank Pictet & Cie Europe AG boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,325,140 shares of the computer hardware maker's stock after buying an additional 35,819 shares during the period. NVIDIA makes up about 7.9% of Bank Pictet & Cie Europe AG's holdings, making the stock its 3rd largest holding. Bank Pictet & Cie Europe AG's holdings in NVIDIA were worth $367,349,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NVDA. Pachira Investments Inc. boosted its position in shares of NVIDIA by 1.0% in the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock worth $1,019,000 after purchasing an additional 63 shares in the last quarter. HFG Wealth Management LLC raised its holdings in NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock worth $328,000 after acquiring an additional 68 shares during the last quarter. Hidden Cove Wealth Management LLC raised its holdings in NVIDIA by 0.3% in the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock worth $3,757,000 after acquiring an additional 69 shares during the last quarter. Burkett Financial Services LLC raised its holdings in NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock worth $861,000 after acquiring an additional 70 shares during the last quarter. Finally, Guided Capital Wealth Management LLC raised its holdings in NVIDIA by 0.3% in the 2nd quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock worth $4,401,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In related news, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $169.54, for a total transaction of $12,715,500.00. Following the completion of the transaction, the chief executive officer directly owned 74,123,225 shares of the company's stock, valued at $12,566,851,566.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,947,622 shares of company stock valued at $694,333,235. Company insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Tuesday, September 23rd. Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Wolfe Research boosted their target price on shares of NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. Rosenblatt Securities reiterated a "buy" rating and set a $215.00 target price on shares of NVIDIA in a research note on Tuesday, September 23rd. Finally, The Goldman Sachs Group set a $210.00 target price on shares of NVIDIA and gave the company a "buy" rating in a research note on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $211.26.

NVIDIA Trading Down 0.3%

Shares of NVIDIA stock opened at $185.04 on Wednesday. The company has a market capitalization of $4.50 trillion, a P/E ratio of 52.72, a P/E/G ratio of 1.34 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a fifty day moving average of $178.48 and a 200 day moving average of $149.30. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $191.05.

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

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

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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