ING Groep NV Grows Position in NVIDIA Corporation $NVDA

Key Points

• ING Groep NV increased its holdings in NVIDIA Corporation by 3.5%, making it the firm's largest investment, with shares valued at over $1.1 billion.
• NVIDIA's recent insider transactions included CEO Jen Hsun Huang and Director Dawn E. Hudson selling significant amounts of stock, decreasing their ownership percentages.
• Wall Street analysts maintain a positive outlook on NVIDIA, with many assigning "Buy" or "Overweight" ratings and target prices ranging from $200 to $250 per share.

ING Groep NV lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,321,215 shares of the computer hardware maker's stock after acquiring an additional 344,627 shares during the period. NVIDIA accounts for about 7.8% of ING Groep NV's investment portfolio, making the stock its largest position. ING Groep NV's holdings in NVIDIA were worth $1,118,613,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. grew its holdings in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the last quarter. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter valued at approximately $51,000. Bruce G. Allen Investments LLC grew its holdings in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in NVIDIA in the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

NVDA stock traded down $4.64 during trading on Friday, hitting $167.02. The company had a trading volume of 223,875,375 shares, compared to its average volume of 167,410,624. The company has a fifty day moving average price of $172.73 and a two-hundred day moving average price of $140.20. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.06 trillion, a P/E ratio of 47.58, a P/E/G ratio of 1.25 and a beta of 2.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48.

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

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NVDA shares. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $240.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Bank of America upped their target price on NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Citigroup reiterated a "buy" rating and set a $210.00 price target (up previously from $190.00) on shares of NVIDIA in a research note on Thursday, August 28th. Needham & Company LLC reiterated a "buy" rating and set a $200.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Oppenheimer reiterated an "outperform" rating and set a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $207.69.

Insiders Place Their Bets

In related news, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 608,248 shares of the stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the completion of the sale, the director owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,872,755 shares of company stock worth $764,283,330 in the last three months. Company insiders own 4.17% of the company's stock.

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.