Principal Financial Group Inc. Sells 1,192,149 Shares of NVIDIA Corporation $NVDA

Key Points

• Principal Financial Group cut its NVIDIA stake by 3.0%, selling 1,192,149 shares but retaining 38.4 million shares valued at approximately $7.68 billion. NVIDIA remains the firm’s largest portfolio position, representing 3.8% of its investments.
• Other institutions mostly increased their NVIDIA holdings, and institutional investors collectively own 65.27% of the stock. Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $324.34.
• NVIDIA reported stronger-than-expected quarterly results, including $2.22 in earnings per share and $96.22 billion in revenue, up 105.9% year over year. However, company insiders have sold roughly $392.7 million of stock over the past three months, while competition from AMD and AI infrastructure costs remain risks.

Principal Financial Group Inc. decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,405,664 shares of the computer hardware maker's stock after selling 1,192,149 shares during the period. NVIDIA accounts for 3.8% of Principal Financial Group Inc.'s investment portfolio, making the stock its biggest position. Principal Financial Group Inc. owned approximately 0.16% of NVIDIA worth $7,684,592,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Hilton Capital Management LLC lifted its stake in shares of NVIDIA by 61.6% during the 2nd quarter. Hilton Capital Management LLC now owns 219,766 shares of the computer hardware maker's stock worth $43,973,000 after purchasing an additional 83,736 shares during the period. Meridian Management Co. grew its position in shares of NVIDIA by 27.4% in the second quarter. Meridian Management Co. now owns 25,044 shares of the computer hardware maker's stock valued at $5,011,000 after purchasing an additional 5,383 shares during the period. Mindset Wealth Management LLC increased its stake in NVIDIA by 25.2% in the second quarter. Mindset Wealth Management LLC now owns 1,184,129 shares of the computer hardware maker's stock valued at $236,932,000 after purchasing an additional 238,146 shares during the last quarter. REAP Financial Group LLC increased its stake in NVIDIA by 21.1% in the second quarter. REAP Financial Group LLC now owns 8,926 shares of the computer hardware maker's stock valued at $1,786,000 after purchasing an additional 1,554 shares during the last quarter. Finally, Journey Advisory Group LLC lifted its position in NVIDIA by 18.1% during the second quarter. Journey Advisory Group LLC now owns 90,065 shares of the computer hardware maker's stock worth $18,021,000 after buying an additional 13,773 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent analyst reports. DA Davidson restated a "buy" rating and issued a $300.00 price target on shares of NVIDIA in a report on Thursday, August 27th. Oppenheimer set a $315.00 price objective on shares of NVIDIA and gave the stock an "outperform" rating in a report on Thursday, August 27th. DZ Bank reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday, August 26th. Jefferies Financial Group restated a "buy" rating on shares of NVIDIA in a report on Wednesday, August 26th. Finally, Evercore set a $465.00 price target on shares of NVIDIA and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Buy" and a consensus price target of $324.34.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: CEO Jensen Huang pushed back against AI “doomsday” scenarios and argued that existing laws are sufficient, helping ease concerns that overly restrictive regulation could slow AI deployment. Nvidia’s Jensen Huang rejects AI doomsday fears
• Positive Sentiment: Analysts and financial commentators continue to highlight NVIDIA’s earnings momentum, broad AI hardware and networking portfolio, and projected long-term demand. Zacks restored the stock to a Rank #1 “Strong Buy,” while another report cited potential upside from positive earnings revisions. Bull of the Day: NVIDIA Corp.
• Positive Sentiment: Potentially improved access to China is a major catalyst. NVIDIA’s latest forecast reportedly assumes no data-center compute sales to China, leaving upside if the upcoming Trump-Xi discussions lead to licenses or expanded chip shipments. Nvidia’s forecast assumes no data center chip sales to China
• Positive Sentiment: New ecosystem initiatives reinforce NVIDIA’s expansion beyond GPUs. QAD | Redzone plans to integrate NVIDIA technology into manufacturing intelligence, while NVIDIA’s reported roughly $12.9 billion Hugging Face acquisition would add a major developer, model and dataset ecosystem. QAD Redzone Accelerates Manufacturing Intelligence with NVIDIA
• Neutral Sentiment: Investors are increasingly focused on AI infrastructure bottlenecks such as high-bandwidth memory, optical networking, power and cooling. Rising component costs could pressure NVIDIA’s margins, but may also validate demand and strengthen the position of critical suppliers such as Micron, Coherent and Lumentum. NVIDIA just named AI’s next bottleneck
• Negative Sentiment: AMD’s rapid advance is intensifying competitive pressure. Large OpenAI and Oracle commitments, rising data-center revenue and potential pricing power suggest hyperscalers are diversifying away from a single accelerator supplier. AMD chips away at NVIDIA’s AI throne
• Negative Sentiment: Other reports warn that higher interest rates, concentrated AI revenue, expensive infrastructure financing and persistent bubble concerns could weigh on NVIDIA’s richly valued shares. NVIDIA also missed the strongest portion of a Meta-driven chip rally, underscoring lingering growth expectations.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 34,918 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the sale, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. Teter sold 30,000 shares of the firm's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $217.88, for a total value of $6,536,400.00. Following the sale, the executive vice president owned 2,687,660 shares in the company, valued at approximately $585,587,360.80. The trade was a 1.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,735,658 shares of company stock valued at $392,663,865 over the last three months. 3.94% of the stock is owned by company insiders.

NVIDIA Price Performance

NVDA opened at $228.87 on Wednesday. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $236.54. The company has a 50 day moving average of $215.47 and a two-hundred day moving average of $205.09. The company has a market cap of $5.52 trillion, a P/E ratio of 28.93, a P/E/G ratio of 1.76 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The business had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business's revenue for the quarter was up 105.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 EPS. On average, analysts expect that NVIDIA Corporation will post 9.25 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, September 10th. NVIDIA's dividend payout ratio is currently 12.64%.

NVIDIA Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

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