Mn Services Vermogensbeheer B.V. Acquires 26,400 Shares of NVIDIA Corporation $NVDA

Key Points

• Mn Services Vermogensbeheer increased its NVIDIA stake by 1.1% in the third quarter, adding 26,400 shares to hold 2.40 million shares valued at approximately $548 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA’s latest quarterly results exceeded expectations, with $2.22 earnings per share and $96.22 billion in revenue, up 105.9% year over year. Analysts maintain a broadly bullish view, with a consensus “Buy” rating and an average price target of $321.47.
• NVIDIA shares opened at $204.64 after a 4.2% decline, while the company authorized a $150 billion share-repurchase program. Insiders also sold shares under pre-arranged Rule 10b5-1 plans during the quarter.

Mn Services Vermogensbeheer B.V. boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,399,611 shares of the computer hardware maker's stock after acquiring an additional 26,400 shares during the quarter. NVIDIA accounts for about 4.0% of Mn Services Vermogensbeheer B.V.'s portfolio, making the stock its 3rd biggest holding. Mn Services Vermogensbeheer B.V.'s holdings in NVIDIA were worth $548,023,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jupiter Topco LLC purchased a new position in NVIDIA in the 2nd quarter valued at about $16,156,076,000. Van ECK Associates Corp increased its stake in NVIDIA by 34.7% during the 2nd quarter. Van ECK Associates Corp now owns 75,849,721 shares of the computer hardware maker's stock worth $15,176,771,000 after buying an additional 19,522,304 shares in the last quarter. State Street Corp increased its stake in NVIDIA by 1.6% during the 2nd quarter. State Street Corp now owns 1,009,783,437 shares of the computer hardware maker's stock worth $202,047,568,000 after buying an additional 15,897,836 shares in the last quarter. Amundi raised its holdings in shares of NVIDIA by 10.4% during the first quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock valued at $23,329,141,000 after acquiring an additional 12,575,177 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of NVIDIA during the second quarter valued at approximately $2,315,956,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
• Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
• Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the transaction, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at $598,810,648. The trade was a 1.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,766,118 shares of company stock worth $399,450,353. Insiders own 3.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stifel Nicolaus set a $315.00 price target on NVIDIA in a research note on Thursday, August 27th. Wedbush increased their price objective on NVIDIA from $330.00 to $345.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Sanford C. Bernstein restated a "buy" rating on shares of NVIDIA in a report on Monday, September 21st. Mizuho set a $315.00 target price on shares of NVIDIA and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Finally, Citigroup reaffirmed a "buy" rating and set a $315.00 target price (up from $300.00) on shares of NVIDIA in a report on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $321.47.

NVIDIA Stock Down 4.2%

Shares of NASDAQ:NVDA opened at $204.64 on Friday. The business has a 50-day moving average price of $221.74 and a 200 day moving average price of $204.24. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $4.93 trillion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.57 and a beta of 2.22. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month high of $243.37.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. NVIDIA's revenue for the quarter was up 105.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 earnings per share. Sell-side analysts expect that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA declared that its Board of Directors has approved a share repurchase plan on Monday, September 28th that permits the company to repurchase $150 billion in shares. This buyback authorization permits the computer hardware maker to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is 12.64%.

About NVIDIA

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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