Skandinaviska Enskilda Banken AB publ Has $1.13 Billion Stock Position in NVIDIA Corporation $NVDA

Skandinaviska Enskilda Banken AB publ trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,436,435 shares of the computer hardware maker's stock after selling 1,849,606 shares during the quarter. NVIDIA makes up approximately 5.6% of Skandinaviska Enskilda Banken AB publ's holdings, making the stock its 2nd biggest position. Skandinaviska Enskilda Banken AB publ's holdings in NVIDIA were worth $1,132,750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Keystone Financial Group Inc. boosted its position in shares of NVIDIA by 17.2% during the first quarter. Keystone Financial Group Inc. now owns 2,245 shares of the computer hardware maker's stock worth $255,000 after acquiring an additional 330 shares during the last quarter. Benedict Financial Advisors Inc. boosted its position in shares of NVIDIA by 1.7% during the first quarter. Benedict Financial Advisors Inc. now owns 15,457 shares of the computer hardware maker's stock worth $1,675,000 after acquiring an additional 260 shares during the last quarter. Wernau Asset Management Inc. boosted its position in shares of NVIDIA by 10.5% during the first quarter. Wernau Asset Management Inc. now owns 4,785 shares of the computer hardware maker's stock worth $519,000 after acquiring an additional 453 shares during the last quarter. Phoenix Financial Ltd. boosted its position in shares of NVIDIA by 19.5% during the first quarter. Phoenix Financial Ltd. now owns 1,636,325 shares of the computer hardware maker's stock worth $177,472,000 after acquiring an additional 267,112 shares during the last quarter. Finally, Stevens Capital Management LP boosted its position in shares of NVIDIA by 727.9% during the first quarter. Stevens Capital Management LP now owns 208,920 shares of the computer hardware maker's stock worth $22,643,000 after acquiring an additional 183,684 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the sale, the chief executive officer owned 72,848,225 shares of the company's stock, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,912,440 shares of company stock valued at $902,886,782. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Up 1.7%

Shares of NASDAQ NVDA opened at $177.99 on Monday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The firm has a market capitalization of $4.34 trillion, a price-to-earnings ratio of 57.42, a PEG ratio of 1.56 and a beta of 2.14. The stock has a 50 day moving average price of $167.35 and a 200 day moving average price of $137.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period last year, the company earned $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. NVIDIA has set its Q2 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is currently 1.29%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NVDA shares. TD Cowen upped their target price on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Morgan Stanley restated an "overweight" rating and issued a $206.00 target price (up from $200.00) on shares of NVIDIA in a report on Monday, August 18th. Wells Fargo & Company increased their price target on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Jefferies Financial Group boosted their price objective on NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Finally, Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and a consensus target price of $192.44.

NVIDIA Company 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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