NVIDIA Corporation $NVDA Shares Sold by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co has reduced its stake in NVIDIA Corporation by 3.9%, owning approximately 2.2 million shares valued at $239 million, making it the 9th largest position in their portfolio.
• NVIDIA recently reported earnings of $1.05 per share for the last quarter, surpassing expectations and showing a year-over-year revenue increase of 55.6%.
• As of now, NVIDIA stock has a market capitalization of $4.32 trillion and is receiving strong ratings from analysts with a consensus target price of $207.83.

Ilmarinen Mutual Pension Insurance Co lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,205,340 shares of the computer hardware maker's stock after selling 90,000 shares during the period. NVIDIA comprises about 2.1% of Ilmarinen Mutual Pension Insurance Co's portfolio, making the stock its 9th biggest position. Ilmarinen Mutual Pension Insurance Co's holdings in NVIDIA were worth $239,015,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Nuveen LLC bought a new stake in NVIDIA during the 1st quarter worth $15,089,414,000. Goldman Sachs Group Inc. grew its position in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. GAMMA Investing LLC grew its position in NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares during the last quarter. Northern Trust Corp grew its position in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of NVIDIA by 204.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after buying an additional 23,948,733 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $177.82 on Friday. The company has a market cap of $4.32 trillion, a PE ratio of 50.66, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The business has a 50 day moving average price of $174.42 and a 200-day moving average price of $141.65. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

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 the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity

In related news, Director Dawn E. Hudson sold 18,000 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the sale, the director directly owned 368,887 shares in the company, valued at approximately $63,448,564. The trade was a 4.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the transaction, the chief executive officer owned 72,248,366 shares of the company's stock, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,907,755 shares of company stock worth $633,253,430. Insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on NVDA. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $215.00 price target on shares of NVIDIA in a research report on Thursday, September 4th. Mizuho upped their price target on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. TD Cowen upped their price target on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Wolfe Research upped their price target on NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Finally, Jefferies Financial Group upped their price target on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $207.83.

NVIDIA 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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