Livforsakringsbolaget Skandia Omsesidigt Sells 724,800 Shares of NVIDIA Corporation $NVDA

Key Points

• Livforsakringsbolaget Skandia Omsesidigt sold 724,800 shares of NVIDIA, reducing its holdings by 71.7%, and now owns 285,999 shares valued at approximately $45.2 million.
• Analyst ratings for NVIDIA have largely been positive, with firms like Truist Financial and DA Davidson raising their price targets, indicating strong buy sentiments.
• NVIDIA reported a 55.6% increase in revenue year-over-year, totaling $46.74 billion for the last quarter, and outperformed earnings expectations by reporting $1.05 EPS against an estimate of $1.01.

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 71.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,999 shares of the computer hardware maker's stock after selling 724,800 shares during the period. NVIDIA comprises approximately 0.1% of Livforsakringsbolaget Skandia Omsesidigt's holdings, making the stock its 20th largest position. Livforsakringsbolaget Skandia Omsesidigt's holdings in NVIDIA were worth $45,185,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NVDA. Burkett Financial Services LLC raised its position in shares of NVIDIA by 1.3% during the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock worth $861,000 after acquiring an additional 70 shares during the last quarter. Elevate Wealth Advisory Inc. increased its holdings in NVIDIA by 1.7% in the first quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker's stock worth $500,000 after purchasing an additional 77 shares in the last quarter. Ehrlich Financial Group increased its holdings in NVIDIA by 2.4% in the second quarter. Ehrlich Financial Group now owns 3,354 shares of the computer hardware maker's stock worth $530,000 after purchasing an additional 80 shares in the last quarter. Earnest Partners LLC increased its holdings in NVIDIA by 0.7% in the first quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker's stock worth $1,228,000 after purchasing an additional 81 shares in the last quarter. Finally, Retirement Wealth Solutions LLC increased its holdings in NVIDIA by 2.0% in the second quarter. Retirement Wealth Solutions LLC now owns 4,172 shares of the computer hardware maker's stock worth $659,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $158.35, for a total value of $11,876,250.00. Following the transaction, the chief executive officer owned 75,023,225 shares of the company's stock, valued at approximately $11,879,927,678.75. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction on 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 transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,109,874 shares of company stock worth $698,280,697 in the last ninety days. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Down 2.7%

NVIDIA stock traded down $4.99 during trading on Tuesday, hitting $178.62. 112,995,200 shares of the company were exchanged, compared to its average volume of 234,105,422. The business's 50 day moving average is $176.12 and its 200 day moving average is $144.35. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.55. The company has a market capitalization of $4.34 trillion, a P/E ratio of 50.88, a PEG ratio of 1.28 and a beta of 2.10. 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 posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current 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 given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Craig Hallum lifted their target price on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. BNP Paribas upgraded NVIDIA to a "hold" rating in a report on Friday, August 1st. Daiwa Capital Markets lifted their target price on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a report on Wednesday, September 17th. Cantor Fitzgerald restated an "overweight" rating and set a $240.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $208.76.

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.