Public Employees Retirement System of Ohio Has $1.75 Billion Stake in NVIDIA Corporation $NVDA

Key Points

• The Public Employees Retirement System of Ohio increased its stake in NVIDIA Corporation by 5.4% in Q2, owning 11,045,650 shares valued at approximately $1.75 billion, making it NVIDIA's largest shareholder.
• Several analysts have maintained a buy rating for NVIDIA, with the average target price set at $211, reflecting strong market confidence in the company's performance.
• NVIDIA reported earnings of $1.05 per share for the last quarter, surpassing analysts' expectations, with a significant year-over-year revenue increase of 55.6%.

Public Employees Retirement System of Ohio grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,045,650 shares of the computer hardware maker's stock after acquiring an additional 570,502 shares during the quarter. NVIDIA accounts for about 5.9% of Public Employees Retirement System of Ohio's holdings, making the stock its largest position. Public Employees Retirement System of Ohio's holdings in NVIDIA were worth $1,745,102,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a "buy" rating and set a $215.00 price target on shares of NVIDIA in a report on Friday, September 19th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a report on Tuesday, September 23rd. Bank of America raised their price target on NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Jefferies Financial Group reaffirmed a "buy" rating and set a $220.00 price target (up from $205.00) on shares of NVIDIA in a report on Monday, September 29th. Finally, Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $211.00.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the business's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Persis Drell sold 40,000 shares of the business's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $177.65, for a total value of $7,106,000.00. Following the completion of the sale, the director owned 138,740 shares in the company, valued at approximately $24,647,161. This trade represents a 22.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,097,407 shares of company stock valued at $714,378,504. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NVDA stock opened at $187.62 on Friday. The business's 50-day moving average price is $178.11 and its two-hundred day moving average price is $148.36. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.56 trillion, a PE ratio of 53.45, a P/E/G ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $191.05.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for 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%.The company's revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.01 dividend. 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 payout ratio is 1.14%.

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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