NVIDIA Corporation $NVDA is AMF Tjanstepension AB's 2nd Largest Position

Key Points

• AMF Tjanstepension AB has increased its holdings in NVIDIA Corporation by 4.8%, making it the second largest position in their investment portfolio, now valued at approximately $1.32 billion.
• NVIDIA recently reported earnings per share of $1.05, exceeding analyst expectations, and a revenue of $46.74 billion, marking a 55.6% increase from last year.
• The company has a strong presence among institutional investors, with about 65.27% of its stock owned by them, alongside multiple recent upgrades in price targets by various analysts.

AMF Tjanstepension AB lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,328,234 shares of the computer hardware maker's stock after purchasing an additional 383,987 shares during the quarter. NVIDIA accounts for approximately 8.8% of AMF Tjanstepension AB's investment portfolio, making the stock its 2nd largest position. AMF Tjanstepension AB's holdings in NVIDIA were worth $1,315,791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC lifted its position in shares of NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after acquiring an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE grew its stake in shares of NVIDIA by 6.7% during the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after acquiring an additional 3,653 shares during the last quarter. Hudson Value Partners LLC grew its stake in shares of NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. boosted its position in NVIDIA by 15.7% in the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock valued at $715,000 after buying an additional 896 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 0.8%

NASDAQ:NVDA opened at $181.16 on Wednesday. The firm has a market cap of $4.40 trillion, a P/E ratio of 51.61, a PEG ratio of 1.32 and a beta of 2.12. 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 stock's 50 day simple moving average is $179.37 and its 200-day simple moving average is $154.43. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $45.65 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent research reports. Arete increased their price objective on NVIDIA from $235.00 to $244.00 and gave the company a "buy" rating in a research note on Tuesday, October 14th. Benchmark raised their price objective on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. BNP Paribas upgraded NVIDIA to a "hold" rating in a research note on Friday, August 1st. HSBC set a $320.00 price objective on NVIDIA and gave the company a "buy" rating in a research note on Wednesday, October 15th. Finally, TD Cowen lifted their price objective on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, August 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $222.23.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the business's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.16, for a total value of $13,362,000.00. Following the sale, the chief executive officer owned 73,523,225 shares in the company, valued at approximately $13,098,897,766. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,753,937 shares of company stock valued at $669,548,776 over the last quarter. 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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.