State of Alaska Department of Revenue Has $488.65 Million Stock Position in NVIDIA Corporation $NVDA

State of Alaska Department of Revenue trimmed its position in NVIDIA Corporation (NASDAQ:NVDA) by 3.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,092,940 shares of the computer hardware maker’s stock after selling 125,486 shares during the period. NVIDIA comprises 5.2% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 2nd biggest position. State of Alaska Department of Revenue’s holdings in NVIDIA were worth $488,652,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC grew its position in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after acquiring an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of NVIDIA by 2.9% during 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 acquiring an additional 5,896,735 shares during the period. Goldman Sachs Group Inc. grew its position in shares of NVIDIA by 123.5% during 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 acquiring an additional 103,889,872 shares during the period. Nuveen LLC bought a new position in shares of NVIDIA during the 1st quarter valued at approximately $15,089,414,000. Finally, Amundi grew its position in shares of NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock valued at $13,826,199,000 after acquiring an additional 18,733,431 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA opened at $189.11 on Thursday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $191.05. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a market capitalization of $4.60 trillion, a P/E ratio of 53.88, a P/E/G ratio of 1.34 and a beta of 2.12. The company has a fifty day moving average of $178.67 and a 200-day moving average of $149.57.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) 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 company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the previous year, the firm posted $0.68 EPS. The firm’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict 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 was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s payout ratio is currently 1.14%.

Analyst Ratings Changes

NVDA has been the subject of a number of research reports. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Stifel Nicolaus increased their target price on shares of NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a research report on Monday, August 25th. JPMorgan Chase & Co. reissued a “buy” rating and set a $215.00 target price on shares of NVIDIA in a research report on Friday, September 19th. Wells Fargo & Company lifted their price objective on shares of NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NVIDIA in a research note on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.26.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer directly owned 2,883,402 shares of the company’s stock, valued at $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $185.79, for a total transaction of $13,934,250.00. Following the completion of the sale, the chief executive officer directly owned 70,858,203 shares of the company’s stock, valued at $13,164,745,535.37. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,898,491 shares of company stock valued at $686,333,234 over the last ninety days. 4.17% of the stock is currently owned by insiders.

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.