ICICI Prudential Asset Management Co Ltd Grows Stock Position in NVIDIA Corporation $NVDA

Key Points

• ICICI Prudential Asset Management raised its NVIDIA stake by 22.0% in Q3 to 151,685 shares worth about $28.3 million, making NVDA its 6th largest holding at roughly 3.0% of the portfolio.
• NVIDIA reported strong quarterly results—EPS of $1.62 (vs. $1.54 expected) and revenue of $68.13 billion (up 73.2% YoY)—prompting multiple analysts to raise price targets and an average MarketBeat target of $273.64 with a consensus rating of "Buy."
• Institutional activity remains heavy: about 65.27% of NVDA is institutionally owned, with large moves including new/expanded positions by firms like Norges Bank and State Street, while insiders have sold roughly 1.25 million shares (~$225.7 million) in the past 90 days.

ICICI Prudential Asset Management Co Ltd raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 151,685 shares of the computer hardware maker's stock after purchasing an additional 27,389 shares during the quarter. NVIDIA accounts for about 3.0% of ICICI Prudential Asset Management Co Ltd's investment portfolio, making the stock its 6th largest position. ICICI Prudential Asset Management Co Ltd's holdings in NVIDIA were worth $28,301,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NVDA. Norges Bank purchased a new position in shares of NVIDIA during the 2nd quarter valued at $51,386,863,000. Laurel Wealth Advisors LLC increased its stake in NVIDIA by 15,496.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker's stock worth $3,454,534,000 after buying an additional 21,725,326 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in NVIDIA by 25.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 71,720,593 shares of the computer hardware maker's stock valued at $13,381,628,000 after acquiring an additional 14,358,048 shares during the period. State Street Corp raised its holdings in NVIDIA by 1.0% during the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock valued at $154,556,803,000 after acquiring an additional 9,554,857 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of NVIDIA by 1.5% in the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock valued at $91,150,170,000 after acquiring an additional 8,521,936 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Arete Research upped their price objective on NVIDIA from $244.00 to $261.00 and gave the stock a "buy" rating in a research note on Tuesday, November 25th. Jefferies Financial Group reissued a "buy" rating and issued a $275.00 price target (up from $250.00) on shares of NVIDIA in a report on Friday, January 16th. Raymond James Financial restated a "strong-buy" rating on shares of NVIDIA in a research note on Tuesday, January 6th. President Capital increased their price objective on shares of NVIDIA from $240.00 to $245.00 and gave the company a "buy" rating in a report on Friday, November 28th. Finally, Morgan Stanley set a $260.00 price objective on shares of NVIDIA in a research report on Monday, March 2nd. Four analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NVIDIA has an average rating of "Buy" and an average price target of $273.64.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analysts raise targets and reiterate upside — Several firms lifted NVDA price targets (Deutsche Bank to $220; Baird/Wedbush much higher), pointing to continued revenue and margin upside after the quarterly beat. This supports bullish outlooks and likely underpins buying from momentum and institutional desks. NVIDIA Price Target Increased to $220 at Deutsche Bank
• Positive Sentiment: Strong quarterly results and demand narrative — NVDA reported record revenue and robust data-center demand; analysts and bull pieces highlight durable platform strength and Ruben/Blackwell product cycle tailwinds that support above-consensus growth. Nvidia's Earnings Prove Why It's Earned Its Spot
• Positive Sentiment: Strategic AI investments and ecosystem deals — Continued strategic investments (OpenAI/Anthropic participation) and new AI partnerships/bets are cited as catalytic for long-term platform control and ecosystem monetization. Nvidia Just Made Another Pair of Brilliant AI Bets
• Neutral Sentiment: CEO compensation update — SEC filing shows a new FY2027 variable-comp plan with a $4M target cash bonus for Jensen Huang. Governance/compensation items typically have limited directional impact but draw investor attention. Nvidia sets $4 million cash bonus for CEO Huang under 2027 compensation plan
• Neutral Sentiment: Pause on new startup bets — Company statements that it will pause further startup investments after recent big bets could be read as capital discipline; market reaction depends on how investors value future optionality vs. cash conservation. Nvidia pauses new AI startup bets after backing OpenAI, Anthropic
• Negative Sentiment: U.S. export-permit rulemaking risk — Reports that U.S. authorities are considering global licensing requirements for AI-chip exports (affecting shipments to all countries) create uncertainty around international sales and could materially limit market access and growth paths. US said to consider requiring permits for global AI chip sales by Nvidia and AMD
• Negative Sentiment: Pullback from China production — Reuters/FT reporting that NVIDIA stopped production of H200 chips for China and refocused TSMC capacity to next‑gen Vera Rubin confirms the company is scaling back China exposure. That reduces near-term addressable market in China and raises execution/earnings pacing concerns even if domestic hyperscalers capture redirected supply. Nvidia refocuses TSMC capacity as export controls stall China sales, FT reports

Insider Activity

In other news, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $177.33, for a total value of $44,332,500.00. Following the completion of the sale, the director owned 6,933,280 shares in the company, valued at approximately $1,229,478,542.40. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $175.72, for a total transaction of $4,856,900.80. Following the transaction, the chief financial officer directly owned 846,772 shares of the company's stock, valued at approximately $148,794,775.84. This represents a 3.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,248,120 shares of company stock worth $225,672,814. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $177.83 on Friday. The stock has a market cap of $4.32 trillion, a price-to-earnings ratio of 36.29, a price-to-earnings-growth ratio of 0.60 and a beta of 2.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91. The stock has a 50 day moving average price of $185.77 and a 200-day moving average price of $183.90. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.08. The company had revenue of $68.13 billion for the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.NVIDIA's quarterly revenue was up 73.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 0.82%.

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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