NVIDIA Corporation $NVDA is Securian Asset Management Inc.'s 3rd Largest Position

Key Points

• Securian Asset Management cut its NVIDIA stake by 45.4% in the fourth quarter, but NVIDIA remains its 3rd largest holding at about 4.7% of the portfolio, worth roughly $123.2 million.
• Wall Street sentiment remains broadly upbeat: analysts cited in the article include multiple Buy and Strong Buy ratings, with an average price target of about $305.38, while Needham reiterated a $270 target.
• NVIDIA continues to show strong business momentum, reporting EPS of $1.87 and revenue of $81.62 billion for the latest quarter, and it recently boosted its dividend and approved an $80 billion share buyback.

Securian Asset Management Inc. lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 45.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 660,764 shares of the computer hardware maker's stock after selling 548,608 shares during the period. NVIDIA makes up approximately 4.7% of Securian Asset Management Inc.'s portfolio, making the stock its 3rd largest position. Securian Asset Management Inc.'s holdings in NVIDIA were worth $123,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE raised its holdings in shares of NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC raised its holdings in shares of NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Wealth Group Ltd. raised its holdings in shares of NVIDIA by 15.7% in the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock valued at $715,000 after purchasing an additional 896 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NVDA shares. Mizuho set a $300.00 price objective on shares of NVIDIA in a report on Thursday, May 21st. Daiwa Securities Group raised their price objective on shares of NVIDIA from $215.00 to $255.00 and gave the company an "outperform" rating in a report on Friday, May 22nd. Citigroup started coverage on shares of NVIDIA in a report on Wednesday, April 15th. They issued a "buy" rating on the stock. Zacks Research lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $350.00 price objective on shares of NVIDIA in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $305.38.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Needham reiterated a Buy rating on NVIDIA and set a $270 price target, implying meaningful upside from current levels.
• Positive Sentiment: Several articles highlighted NVIDIA’s expanding AI roadmap at Computex, including the RTX Spark AI PC chip, which could open a new consumer-PC growth avenue beyond data centers.
• Positive Sentiment: More partner news reinforced NVIDIA’s ecosystem strength, including collaborations involving Navitas, Aptiv, Coherent, Lightmatter, and Ayar Labs, all tied to NVIDIA’s AI infrastructure push.
• Neutral Sentiment: Jensen Huang’s comments that the AI build-out is still accelerating and that NVIDIA has enough supply for robust CPU and GPU growth support the long-term story, but they are not an immediate catalyst on their own. Reuters: Nvidia CEO says has capacity to supply robust CPU and GPU growth
• Neutral Sentiment: NVDA also remained in the spotlight for headline-grabbing coverage around dividends, AI-PC expansion, and comparisons with peers like Broadcom and AMD, but those are mostly narrative items rather than fresh earnings news.
• Negative Sentiment: Investors appear concerned about valuation and a possible AI bubble after the stock’s strong move, with some commentary noting that capital is rotating into other AI beneficiaries such as Broadcom, Marvell, and even non-chip infrastructure names.
• Negative Sentiment: There was also a minor overhang from political insider selling, including Senator Sheldon Whitehouse disclosing a sale of NVDA shares, which may add to near-term caution. Finbold: U.S. politician suspiciously dumps Nvidia stock after 10 years

NVIDIA Trading Down 3.6%

Shares of NVIDIA stock opened at $214.75 on Thursday. NVIDIA Corporation has a 1 year low of $138.83 and a 1 year high of $236.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The company has a market capitalization of $5.20 trillion, a P/E ratio of 32.89, a PEG ratio of 0.54 and a beta of 2.22. The company's fifty day moving average is $201.97 and its two-hundred day moving average is $190.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company had revenue of $81.62 billion for the quarter, compared to the consensus estimate of $78.42 billion. During the same period last year, the firm posted $0.81 EPS. NVIDIA's revenue for the quarter was up 85.2% on a year-over-year basis. Analysts forecast that NVIDIA Corporation will post 8.04 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 4th. This is an increase from NVIDIA's previous quarterly dividend of $0.01. NVIDIA's payout ratio is 0.61%.

NVIDIA announced that its Board of Directors has authorized a stock buyback plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 300,000 shares of the firm's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total transaction of $54,675,000.00. Following the transaction, the executive vice president directly owned 3,018,547 shares of the company's stock, valued at approximately $550,130,190.75. This trade represents a 9.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Aarti S. Shah sold 19,000 shares of the firm's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the transaction, the director directly owned 36,007 shares in the company, valued at $6,362,796.97. The trade was a 34.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 906,961 shares of company stock worth $162,936,268 in the last three months. Company insiders own 3.94% of the company's stock.

About NVIDIA

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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