Handelsbanken Fonder AB Purchases 3,989 Shares of NVIDIA Corporation $NVDA

Key Points

• Handelsbanken Fonder AB added 3,989 NVIDIA shares in the second quarter, bringing its holdings to 11.37 million shares valued at approximately $2.27 billion. NVIDIA represents about 6.5% of the fund’s portfolio and is its largest holding.
• Analyst sentiment remains positive, with an average rating of “Buy” and an average price target of $308.01. NVIDIA also exceeded quarterly earnings and revenue expectations and authorized an $80 billion share-repurchase program.
• NVIDIA faces mixed signals ahead, including strong AI infrastructure demand and institutional ownership of 65.27%, but also competitive, China-related and valuation risks. Insiders sold roughly 1.9 million shares worth $410.6 million during the latest quarter.

Handelsbanken Fonder AB lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,369,496 shares of the computer hardware maker's stock after acquiring an additional 3,989 shares during the quarter. NVIDIA accounts for approximately 6.5% of Handelsbanken Fonder AB's investment portfolio, making the stock its biggest holding. Handelsbanken Fonder AB's holdings in NVIDIA were worth $2,274,922,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Wealth Group Ltd increased its stake in shares of NVIDIA by 5.1% in the 2nd quarter. Wealth Group Ltd now owns 11,738 shares of the computer hardware maker's stock valued at $2,349,000 after purchasing an additional 572 shares in the last quarter. City Holding Co. boosted its position in NVIDIA by 1.3% during the second quarter. City Holding Co. now owns 101,821 shares of the computer hardware maker's stock worth $20,373,000 after purchasing an additional 1,320 shares in the last quarter. Orrstown Financial Services Inc. grew its holdings in NVIDIA by 7.1% in the second quarter. Orrstown Financial Services Inc. now owns 29,731 shares of the computer hardware maker's stock valued at $5,949,000 after purchasing an additional 1,961 shares during the period. Salvus Wealth Management LLC grew its holdings in NVIDIA by 3.3% in the second quarter. Salvus Wealth Management LLC now owns 25,232 shares of the computer hardware maker's stock valued at $5,049,000 after purchasing an additional 804 shares during the period. Finally, Financial Designs Corp increased its position in shares of NVIDIA by 2.5% in the second quarter. Financial Designs Corp now owns 4,647 shares of the computer hardware maker's stock valued at $930,000 after buying an additional 112 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Argus increased their target price on NVIDIA from $220.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. New Street Research reduced their price objective on shares of NVIDIA from $343.00 to $340.00 in a research report on Thursday, May 21st. Wall Street Zen downgraded shares of NVIDIA from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 4th. Rothschild & Co Redburn lifted their target price on shares of NVIDIA from $280.00 to $300.00 and gave the company a "buy" rating in a research report on Tuesday, May 26th. Finally, Mizuho set a $300.00 target price on shares of NVIDIA in a research note on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $308.01.

NVIDIA Trading Down 1.0%

Shares of NVDA opened at $214.75 on Friday. NVIDIA Corporation has a 52-week low of $164.07 and a 52-week high of $236.54. The stock has a market cap of $5.20 trillion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 0.43 and a beta of 2.23. The firm's fifty day moving average is $207.47 and its two-hundred day moving average is $199.52. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.11. The company had revenue of $81.61 billion for the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm's revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. Research analysts forecast that NVIDIA Corporation will post 8.61 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has authorized a share buyback plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA is reportedly in advanced talks to invest several hundred million dollars in Cloverleaf Infrastructure, a developer of U.S. data-center power and infrastructure. The move could help address the electricity bottleneck limiting AI capacity while strengthening NVIDIA’s role in projects that use its systems. Nvidia in Talks to Invest in Data-Center Power Developer Cloverleaf Infrastructure
• Positive Sentiment: Analyst support remains strong before earnings. BMO named NVIDIA its top semiconductor pick with a $340 price target, while Jefferies reportedly expects revenue to exceed consensus by roughly $3 billion. Consensus forecasts call for approximately $91 billion of quarterly revenue, supported by Blackwell and broader AI infrastructure demand. Nvidia stock dubbed top pick ahead of Q2 earnings
• Positive Sentiment: Reports that SpaceX is standardizing its AI infrastructure on NVIDIA chips reinforce the company’s competitive position and could support demand for its next-generation Vera Rubin platform. NVIDIA is also exploring a potential partnership or acquisition involving South Korean AI-chip designer Rebellions, indicating continued investment in its AI ecosystem. NVIDIA Could Snap up Korean AI Chip Startup Rebellions
• Neutral Sentiment: NVIDIA’s proposed investment in Cloverleaf follows other efforts to finance AI infrastructure and convert future GPU capacity into a financeable asset. The strategy could accelerate deployments, but it also exposes NVIDIA to capital-allocation and customer-financing risks. Nvidia Makes Another Bet on the AI Power Bottleneck
• Negative Sentiment: Investors are weighing possible competitive and product risks. NVIDIA is reportedly testing Rubin Ultra configurations with less high-bandwidth memory than originally planned, while Microsoft is preparing its own Maia 300 AI chip. These developments could raise questions about performance, supply availability and long-term customer diversification. NVIDIA and AMD: Rubin Ultra memory reports
• Negative Sentiment: NVIDIA denied a report that it plans small-batch shipments of a China-specific AI chip by year-end, removing a potential near-term catalyst. Analysts also say any renewed China H200 sales may have only a limited effect on revenue. Nvidia to ship AI chip for China by year-end
• Negative Sentiment: Higher Treasury yields and warnings from investors such as Michael Burry that AI data-center financing may be excessive are adding valuation pressure ahead of a high-expectation earnings event.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 885,000 shares of the business's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the transaction, the director owned 5,207,271 shares of the company's stock, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the transaction, the director owned 116,135 shares of the company's stock, valued at $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,901,125 shares of company stock worth $410,583,015 in the last quarter. Company insiders own 3.94% of the company's stock.

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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