Swedbank AB Has $6.83 Billion Position in NVIDIA Corporation $NVDA

Key Points

• Swedbank AB increased its stake in NVIDIA Corporation by 4.3%, making it its second-largest holding, valued at approximately $6.83 billion or 7.7% of Swedbank's portfolio.
• NVIDIA's recent earnings report showed $1.05 earnings per share, exceeding analysts' expectations, with a revenue growth of 55.6% year-over-year.
• The company also announced a quarterly dividend of $0.01 per share, representing an annual yield of 0.0%, with a payout ratio of only 1.14%.

Swedbank AB increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,234,092 shares of the computer hardware maker's stock after buying an additional 1,775,961 shares during the period. NVIDIA accounts for about 7.7% of Swedbank AB's portfolio, making the stock its 2nd largest holding. Swedbank AB owned 0.18% of NVIDIA worth $6,830,554,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock valued at $22,412,434,000 after purchasing an additional 5,896,735 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NVIDIA by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock valued at $26,978,618,000 after purchasing an additional 20,494,402 shares during the period. Goldman Sachs Group Inc. boosted its holdings in NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares during the period. Nuveen LLC acquired a new position in shares of NVIDIA in the 1st quarter valued at approximately $15,089,414,000. Finally, Amundi raised its position in shares of NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock valued at $13,826,199,000 after buying an additional 18,733,431 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 0.8%

NVDA opened at $176.97 on Thursday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm has a market capitalization of $4.30 trillion, a price-to-earnings ratio of 50.42, a PEG ratio of 1.29 and a beta of 2.10. The company's 50 day moving average price is $176.39 and its two-hundred day moving average price is $144.81.

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 analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the previous year, the firm posted $0.68 EPS. The company's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's payout ratio is presently 1.14%.

Insider Activity

In other news, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction on Friday, September 19th. The shares were 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 of the company's stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $177.60, for a total transaction of $13,320,000.00. Following the completion of the sale, the chief executive officer directly owned 71,458,203 shares in the company, valued at approximately $12,690,976,852.80. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,302,450 shares of company stock worth $740,755,443. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several analyst reports. Mizuho boosted their target price on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. The Goldman Sachs Group restated a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, August 27th. Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Wells Fargo & Company boosted their target price on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Finally, Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a research report on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $208.76.

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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