SEB Asset Management AB Buys Shares of 9,706,466 NVIDIA Corporation $NVDA

Key Points

• SEB Asset Management purchased 9.7 million NVIDIA shares worth approximately $1.69 billion, making NVIDIA its largest holding at about 7.2% of the portfolio. Institutional investors collectively own 65.27% of NVIDIA.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $304.26 price target. NVIDIA recently reported better-than-expected quarterly earnings and 85.2% year-over-year revenue growth.
• NVIDIA increased its quarterly dividend to $0.25 per share and authorized an $80 billion share-repurchase program, while recent insider sales totaling roughly $410.6 million provide a counterpoint to the positive institutional and analyst sentiment.

SEB Asset Management AB purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,706,466 shares of the computer hardware maker's stock, valued at approximately $1,692,807,000. NVIDIA makes up about 7.2% of SEB Asset Management AB's holdings, making the stock its biggest holding.

A number of other institutional investors have also modified their holdings of NVDA. Spectrum Financial Alliance Ltd LLC increased its stake in NVIDIA by 3.8% in the first quarter. Spectrum Financial Alliance Ltd LLC now owns 1,395 shares of the computer hardware maker's stock valued at $243,000 after purchasing an additional 51 shares during the last quarter. Vision Financial Markets LLC boosted its stake in NVIDIA by 1.2% in the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker's stock worth $866,000 after buying an additional 53 shares during the last quarter. Presidio Capital Management LLC grew its holdings in NVIDIA by 0.4% in the 4th quarter. Presidio Capital Management LLC now owns 15,137 shares of the computer hardware maker's stock valued at $2,823,000 after buying an additional 53 shares during the period. LMG Wealth Partners LLC grew its holdings in NVIDIA by 0.7% in the 4th quarter. LMG Wealth Partners LLC now owns 7,649 shares of the computer hardware maker's stock valued at $1,427,000 after buying an additional 53 shares during the period. Finally, JGP Global Gestao de Recursos Ltda. increased its stake in shares of NVIDIA by 2.3% during the 4th quarter. JGP Global Gestao de Recursos Ltda. now owns 2,402 shares of the computer hardware maker's stock valued at $448,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wolfe Research reiterated an "outperform" rating and set a $275.00 price objective on shares of NVIDIA in a report on Thursday, May 21st. BTIG Research began coverage on shares of NVIDIA in a research report on Wednesday, April 15th. They set a "buy" rating for the company. Morgan Stanley set a $288.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Thursday, May 21st. Wall Street Zen downgraded shares of NVIDIA from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 4th. Finally, President Capital lifted their price target on shares of NVIDIA from $280.00 to $295.00 and gave the company a "buy" rating in a report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $304.26.

NVIDIA Stock Up 2.6%

NVDA opened at $195.04 on Friday. NVIDIA Corporation has a 1 year low of $164.07 and a 1 year high of $236.54. The firm has a 50 day moving average price of $205.71 and a 200 day moving average price of $196.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The company has a market cap of $4.72 trillion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 0.37 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm had revenue of $81.61 billion for the quarter, compared to analysts' expectations of $78.42 billion. During the same period in the previous year, the company posted $0.81 earnings per share. NVIDIA's revenue was up 85.2% compared to the same quarter last year. Sell-side analysts expect that NVIDIA Corporation will post 8.79 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from NVIDIA's previous quarterly dividend of $0.01. NVIDIA's payout ratio is 15.31%.

NVIDIA announced that its board has initiated a share repurchase plan on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 625 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total value of $133,750.00. Following the completion of the sale, the director directly owned 14,163 shares in the company, valued at approximately $3,030,882. This represents a 4.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the transaction, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,901,125 shares of company stock worth $410,583,015. 3.94% of the stock is currently owned by corporate insiders.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Strong results from Microsoft, particularly in Azure and Copilot, renewed expectations that hyperscalers will continue spending heavily on AI data centers—a key demand driver for NVIDIA’s accelerators and networking products. Why Nvidia stock is rebounding after Big Tech earnings
• Positive Sentiment: Analysts and commentators remain bullish on the AI spending cycle. Wolfe Research’s Chris Caso argued that semiconductor oversupply is unlikely before 2028, while multiple analysts maintain targets well above the current trading level. Top chip analyst on semiconductor oversupply
• Positive Sentiment: NVIDIA’s reported connection to Hut 8’s planned $19.6 billion Texas AI data-center lease highlights potential future demand for NVIDIA-powered infrastructure, although the headline value depends partly on future renewal options. NVIDIA linked to Hut 8 AI data center lease
• Neutral Sentiment: NVIDIA scheduled its fiscal 2027 second-quarter results call for August 26. The event is the next major catalyst, with investors focused on revenue growth, guidance and evidence that customer AI capital expenditures remain sustainable. NVIDIA schedules second-quarter financial results call
• Negative Sentiment: Investors continue to debate “circular financing” and credit risks in AI infrastructure. NVIDIA’s proposed OpenAI credit backstop and exposure to highly leveraged AI-cloud customers have raised concerns that a financing problem could weaken demand or increase customer risk. NVIDIA’s OpenAI backstop and AI financing risk
• Negative Sentiment: Investor Michael Burry reportedly increased his short positions in NVIDIA and Micron, reinforcing bearish arguments that AI-related valuations and infrastructure deals have become excessive. Ongoing insider selling and a recent congressional sale add to the caution, though they are not necessarily company-specific signals. Michael Burry adds to NVIDIA and Micron short positions

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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