NVIDIA Corporation $NVDA is Sumitomo Mitsui DS Asset Management Company Ltd's 2nd Largest Position

Key Points

• Sumitomo Mitsui DS Asset Management increased its holdings in NVIDIA Corporation by 3.3%, making it the firm's second largest position, now valued at approximately $620 million.
• Recent insider trading saw Director Mark A. Stevens sell 350,000 shares of NVIDIA, resulting in a 4.52% decrease in his ownership.
• NVIDIA reported a quarterly revenue of $46.74 billion, exceeding analysts' estimates, with a notable 55.6% increase compared to the same quarter last year.

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,925,148 shares of the computer hardware maker's stock after buying an additional 124,035 shares during the quarter. NVIDIA accounts for 5.6% of Sumitomo Mitsui DS Asset Management Company Ltd's portfolio, making the stock its 2nd largest position. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in NVIDIA were worth $620,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. increased its holdings in shares of NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the period. Centerpoint Advisory Group increased its holdings in shares of NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares during the period. GSB Wealth Management LLC increased its holdings in shares of NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC increased its holdings in shares of NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc increased its holdings in shares of NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,302,450 shares of company stock valued at $740,755,443 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Down 0.8%

NASDAQ:NVDA opened at $176.97 on Thursday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.55. The firm has a market cap of $4.30 trillion, a price-to-earnings ratio of 50.42, a P/E/G ratio of 1.29 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company's 50 day moving average is $176.39 and its 200-day moving average is $144.81.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the firm posted $0.68 earnings per share. The company's quarterly revenue 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NVDA shares. KeyCorp reiterated an "overweight" rating and issued a $230.00 target price (up previously from $215.00) on shares of NVIDIA in a report on Thursday, August 28th. New Street Research upped their target price on NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a report on Friday, September 12th. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. reissued a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a research note on Friday, September 19th. Finally, Oppenheimer reissued an "outperform" rating and issued a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock 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.

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