Louisiana State Employees Retirement System Has $317.88 Million Stock Position in NVIDIA Corporation $NVDA

Louisiana State Employees Retirement System trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,012,000 shares of the computer hardware maker’s stock after selling 29,600 shares during the quarter. NVIDIA accounts for approximately 5.8% of Louisiana State Employees Retirement System’s investment portfolio, making the stock its largest holding. Louisiana State Employees Retirement System’s holdings in NVIDIA were worth $317,876,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NVDA. Brighton Jones LLC increased its stake in shares of NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after buying an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after buying an additional 22,929 shares during the period. Highview Capital Management LLC DE increased its stake in shares of NVIDIA by 6.7% during the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after buying an additional 3,653 shares during the period. Hudson Value Partners LLC increased its stake in shares of NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after buying an additional 11,900 shares during the period. Finally, Wealth Group Ltd. increased its stake in shares of NVIDIA by 15.7% during the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after buying an additional 896 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on NVDA shares. Wedbush reiterated an “outperform” rating and issued a $210.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Morgan Stanley boosted their target price on shares of NVIDIA from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a report on Friday, August 1st. Stifel Nicolaus boosted their target price on shares of NVIDIA from $202.00 to $212.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Finally, Citigroup reiterated a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. Five investment analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $222.23.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $174.46, for a total value of $13,084,500.00. Following the completion of the transaction, the chief executive officer directly owned 72,773,366 shares of the company’s stock, valued at approximately $12,696,041,432.36. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,726,577 shares of company stock valued at $665,502,375. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Up 2.8%

Shares of NASDAQ:NVDA opened at $191.49 on Tuesday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62. The company has a market capitalization of $4.65 trillion, a PE ratio of 54.56, a PEG ratio of 1.34 and a beta of 2.12. The business has a 50 day moving average of $179.65 and a two-hundred day moving average of $157.06. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $45.65 billion. During the same period in the previous year, the company posted $0.68 earnings per share. NVIDIA’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is presently 1.14%.

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.