Hartford Investment Management Co. Has $161.96 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Hartford Investment Management Co. reduced its NVIDIA stake by 1.4%, now holding approximately 1.49 million shares worth about $161.96 million, making it the fund's third largest position.
• NVIDIA's stock was trading at $174.18, with a market capitalization of $4.23 trillion, and the company reported a 55.6% increase in revenue year-over-year for the latest quarter.
• Insider transactions include a significant share sale by Director Mark A. Stevens, who sold 935,000 shares for approximately $131.76 million, representing a 9.21% decrease in his position.

Hartford Investment Management Co. decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,494,372 shares of the computer hardware maker's stock after selling 21,486 shares during the period. NVIDIA accounts for about 5.6% of Hartford Investment Management Co.'s holdings, making the stock its 3rd largest position. Hartford Investment Management Co.'s holdings in NVIDIA were worth $161,960,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Kathleen S. Wright Associates Inc. lifted its stake in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares during the last quarter. Copia Wealth Management bought a new position in NVIDIA in the 4th quarter worth $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the 1st quarter worth $51,000. Bruce G. Allen Investments LLC lifted its position in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the last quarter. Finally, LSV Asset Management bought a new stake in NVIDIA during the fourth quarter valued at about $54,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $174.18 on Monday. The firm has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 49.62, a PEG ratio of 1.30 and a beta of 2.10. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The business has a fifty day simple moving average of $170.83 and a 200 day simple moving average of $139.10. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

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

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio is 1.14%.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the sale, the chief executive officer directly owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,736,604 shares of company stock worth $878,806,839 in the last three months. 4.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on NVDA. UBS Group lifted their price objective on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday. Cantor Fitzgerald reiterated an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a report on Thursday. BNP Paribas raised NVIDIA to a "hold" rating in a research report on Friday, August 1st. Finally, DA Davidson raised their price objective on shares of NVIDIA from $135.00 to $195.00 and gave the stock a "neutral" rating in a research note on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $207.69.

NVIDIA Company 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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