PGGM Investments Has $114.74 Million Stake in NVIDIA Corporation $NVDA

PGGM Investments decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 61.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 726,231 shares of the computer hardware maker's stock after selling 1,177,849 shares during the period. NVIDIA comprises 2.0% of PGGM Investments' portfolio, making the stock its 17th biggest position. PGGM Investments' holdings in NVIDIA were worth $114,737,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the second quarter valued at approximately $55,000. Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares in the last quarter. Westend Capital Management LLC increased its holdings in shares of NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock valued at $72,000 after purchasing an additional 145 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the first quarter valued at approximately $51,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Down 0.1%

Shares of NASDAQ:NVDA opened at $179.83 on Thursday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $195.62. 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 fifty day simple moving average is $179.37 and its 200 day simple moving average is $151.96. The firm has a market cap of $4.37 trillion, a price-to-earnings ratio of 51.23, a PEG ratio of 1.30 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping 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 business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the business posted $0.68 earnings per share. The firm's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business 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 dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $181.01, for a total transaction of $13,575,750.00. Following the sale, the chief executive officer directly owned 70,333,203 shares in the company, valued at $12,731,013,075.03. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 3,828,937 shares of company stock worth $680,708,026 in the last quarter. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NVDA shares. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and raised their price target for the company from $195.00 to $210.00 in a report on Thursday, September 11th. Craig Hallum raised their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 price objective (up from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. UBS Group set a $320.00 price objective on shares of NVIDIA in a research note on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $222.23.

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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