Shell Asset Management Co. Reduces Position in NVIDIA Corporation $NVDA

Key Points

• Shell Asset Management reduced its NVIDIA stake by 71.5% in Q3, selling 890,531 shares and leaving 354,566 shares; NVDA still makes up about 6.6% of Shell's portfolio (~$66.16M) and remains its largest holding.
• NVIDIA reported a strong quarter — $68.13B in revenue (up 73% YoY) and EPS of $1.62 vs. $1.54 consensus — spurring analyst price-target increases and bullish momentum, but the company faces risks from potential U.S. export-permit rules and reduced China shipments.
• Insiders have been net sellers recently (1,248,120 shares worth ~$225.7M over 90 days, including trades by a director and an EVP), and the stock was trading down about 3% amid a market cap near $4.32T and a P/E around 36.

Shell Asset Management Co. reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 71.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 354,566 shares of the computer hardware maker's stock after selling 890,531 shares during the quarter. NVIDIA comprises about 6.6% of Shell Asset Management Co.'s portfolio, making the stock its biggest position. Shell Asset Management Co.'s holdings in NVIDIA were worth $66,155,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. Norges Bank bought a new stake in shares of NVIDIA in the second quarter valued at about $51,386,863,000. Laurel Wealth Advisors LLC lifted its stake in NVIDIA by 15,496.1% in the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker's stock worth $3,454,534,000 after acquiring an additional 21,725,326 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in NVIDIA by 25.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 71,720,593 shares of the computer hardware maker's stock worth $13,381,628,000 after acquiring an additional 14,358,048 shares in the last quarter. State Street Corp grew its holdings in NVIDIA by 1.0% during the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock worth $154,556,803,000 after acquiring an additional 9,554,857 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in NVIDIA by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock valued at $91,150,170,000 after purchasing an additional 8,521,936 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analysts raise targets and reiterate upside — Several firms lifted NVDA price targets (Deutsche Bank to $220; Baird/Wedbush much higher), pointing to continued revenue and margin upside after the quarterly beat. This supports bullish outlooks and likely underpins buying from momentum and institutional desks. NVIDIA Price Target Increased to $220 at Deutsche Bank
• Positive Sentiment: Strong quarterly results and demand narrative — NVDA reported record revenue and robust data-center demand; analysts and bull pieces highlight durable platform strength and Ruben/Blackwell product cycle tailwinds that support above-consensus growth. Nvidia's Earnings Prove Why It's Earned Its Spot
• Positive Sentiment: Strategic AI investments and ecosystem deals — Continued strategic investments (OpenAI/Anthropic participation) and new AI partnerships/bets are cited as catalytic for long-term platform control and ecosystem monetization. Nvidia Just Made Another Pair of Brilliant AI Bets
• Neutral Sentiment: CEO compensation update — SEC filing shows a new FY2027 variable-comp plan with a $4M target cash bonus for Jensen Huang. Governance/compensation items typically have limited directional impact but draw investor attention. Nvidia sets $4 million cash bonus for CEO Huang under 2027 compensation plan
• Neutral Sentiment: Pause on new startup bets — Company statements that it will pause further startup investments after recent big bets could be read as capital discipline; market reaction depends on how investors value future optionality vs. cash conservation. Nvidia pauses new AI startup bets after backing OpenAI, Anthropic
• Negative Sentiment: U.S. export-permit rulemaking risk — Reports that U.S. authorities are considering global licensing requirements for AI-chip exports (affecting shipments to all countries) create uncertainty around international sales and could materially limit market access and growth paths. US said to consider requiring permits for global AI chip sales by Nvidia and AMD
• Negative Sentiment: Pullback from China production — Reuters/FT reporting that NVIDIA stopped production of H200 chips for China and refocused TSMC capacity to next‑gen Vera Rubin confirms the company is scaling back China exposure. That reduces near-term addressable market in China and raises execution/earnings pacing concerns even if domestic hyperscalers capture redirected supply. Nvidia refocuses TSMC capacity as export controls stall China sales, FT reports

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 222,500 shares of the business's stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $180.17, for a total value of $40,087,825.00. Following the completion of the sale, the director directly owned 7,621,453 shares in the company, valued at $1,373,157,187.01. The trade was a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Debora Shoquist sold 80,000 shares of the business's stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $178.90, for a total transaction of $14,312,000.00. Following the completion of the sale, the executive vice president directly owned 1,494,443 shares of the company's stock, valued at approximately $267,355,852.70. The trade was a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,248,120 shares of company stock worth $225,672,814. Insiders own 4.17% of the company's stock.

NVIDIA Trading Down 3.0%

Shares of NVIDIA stock opened at $177.83 on Friday. The firm's 50 day simple moving average is $185.77 and its two-hundred day simple moving average is $183.84. The firm has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 36.29, a PEG ratio of 0.62 and a beta of 2.33. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The business had revenue of $68.13 billion for the quarter, compared to the consensus estimate of $65.56 billion. During the same quarter in the previous year, the business earned $0.89 EPS. The company's quarterly revenue was up 73.2% compared to the same quarter last year. Analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Wednesday, March 11th. NVIDIA's payout ratio is 0.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NVDA shares. Seaport Research Partners boosted their price target on shares of NVIDIA from $100.00 to $140.00 and gave the company a "sell" rating in a report on Monday, November 17th. Arete Research increased their price objective on shares of NVIDIA from $244.00 to $261.00 and gave the company a "buy" rating in a research note on Tuesday, November 25th. Wolfe Research boosted their price objective on shares of NVIDIA from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 30th. Jefferies Financial Group restated a "buy" rating and set a $275.00 target price (up from $250.00) on shares of NVIDIA in a report on Friday, January 16th. Finally, Barclays reaffirmed a "buy" rating on shares of NVIDIA in a research report on Thursday, February 26th. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $273.64.

NVIDIA Profile

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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