Livforsakringsbolaget Skandia Omsesidigt Sells 724,800 Shares of NVIDIA Corporation $NVDA

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 71.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 285,999 shares of the computer hardware maker’s stock after selling 724,800 shares during the period. NVIDIA accounts for about 0.1% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 20th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in NVIDIA were worth $45,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after purchasing an additional 254 shares during the last quarter. Copia Wealth Management bought a new position in NVIDIA during the fourth quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the first quarter worth about $51,000. Bruce G. Allen Investments LLC increased its holdings in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after buying an additional 327 shares during the period. Finally, Campbell Capital Management Inc. boosted its stake in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after purchasing an additional 590 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

NVDA has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. DA Davidson raised shares of NVIDIA from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $195.00 to $210.00 in a research report on Thursday, September 11th. Craig Hallum increased their target price on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. The Goldman Sachs Group reissued a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, August 27th. Finally, BNP Paribas raised shares of NVIDIA to a “hold” rating in a research note on Friday, August 1st. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $208.47.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $176.67 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The business has a 50-day moving average of $175.73 and a 200-day moving average of $143.62. The company has a market capitalization of $4.29 trillion, a price-to-earnings ratio of 50.33, a PEG ratio of 1.28 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The business’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed 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 NVIDIA news, Director Mark A. Stevens sold 297,797 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the completion of the sale, the director owned 7,749,803 shares in the company, valued at approximately $1,380,937,396.57. The trade was a 3.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $157.02, for a total transaction of $11,776,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,398,225 shares in the company, valued at approximately $11,839,029,289.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,020,022 shares of company stock worth $677,418,500. Insiders own 4.17% of the company’s stock.

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.