Handelsbanken Fonder AB Has $1.15 Billion Holdings in NVIDIA Corporation (NASDAQ:NVDA)

Handelsbanken Fonder AB reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,632,875 shares of the computer hardware maker's stock after selling 745,669 shares during the quarter. NVIDIA accounts for approximately 4.7% of Handelsbanken Fonder AB's investment portfolio, making the stock its 3rd biggest holding. Handelsbanken Fonder AB's holdings in NVIDIA were worth $1,152,391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of NVIDIA during the 4th quarter worth approximately $43,515,504,000. GAMMA Investing LLC lifted its holdings in NVIDIA by 12,173.2% during 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 purchasing an additional 48,439,859 shares during the last quarter. Northern Trust Corp boosted its position in NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the period. Proficio Capital Partners LLC boosted its position in NVIDIA by 14,641.2% during the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after purchasing an additional 34,441,082 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of NVIDIA in the fourth quarter valued at $2,987,733,000. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NVDA shares. Barclays raised their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. Bank of America increased their price target on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. Oppenheimer reaffirmed an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a research report on Monday, June 16th. Finally, KeyCorp set a $190.00 price target on NVIDIA in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $175.78.

NVIDIA Price Performance

Shares of NVDA stock traded up $6.41 on Wednesday, reaching $154.31. The company had a trading volume of 265,323,485 shares, compared to its average volume of 270,605,978. The business's 50-day moving average is $127.76 and its 200 day moving average is $126.59. NVIDIA Corporation has a one year low of $86.62 and a one year high of $154.98. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.77 trillion, a PE ratio of 49.78, a price-to-earnings-growth ratio of 1.27 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. Equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director now directly owns 9,214,697 shares in the company, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 20,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $144.21, for a total transaction of $2,884,200.00. Following the completion of the transaction, the chief financial officer now owns 173,060 shares of the company's stock, valued at approximately $24,956,982.60. This trade represents a 10.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,393,863 shares of company stock worth $483,709,832 in the last 90 days. Insiders own 4.17% of the company's stock.

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.