Lansforsakringar Fondforvaltning AB publ Has $1.67 Billion Stock Position in NVIDIA Corporation $NVDA

Lansforsakringar Fondforvaltning AB publ lifted its position in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 1.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,967,674 shares of the computer hardware maker’s stock after purchasing an additional 151,031 shares during the period. NVIDIA accounts for about 8.7% of Lansforsakringar Fondforvaltning AB publ’s investment portfolio, making the stock its biggest position. Lansforsakringar Fondforvaltning AB publ’s holdings in NVIDIA were worth $1,673,189,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA in the 2nd quarter worth approximately $28,000. Winnow Wealth LLC acquired a new stake in shares of NVIDIA in the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC grew its stake in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC purchased a new stake in NVIDIA during the 2nd quarter worth approximately $40,000. Finally, Sellwood Investment Partners LLC acquired a new position in shares of NVIDIA in the 3rd quarter valued at $50,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about NVIDIA

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Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Itau BBA Securities reiterated a “market perform” rating on shares of NVIDIA in a report on Thursday, February 26th. Argus reiterated a “buy” rating and set a $220.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Piper Sandler reaffirmed an “overweight” rating on shares of NVIDIA in a report on Thursday, February 26th. JPMorgan Chase & Co. raised their target price on NVIDIA from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, February 26th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $273.64.

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Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 222,500 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $180.17, for a total value of $40,087,825.00. Following the transaction, the director directly owned 7,621,453 shares in the company, valued at $1,373,157,187.01. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $178.11, for a total transaction of $5,432,355.00. Following the completion of the transaction, the chief financial officer directly owned 1,286,826 shares in the company, valued at $229,196,578.86. This trade represents a 2.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,168,120 shares of company stock valued at $210,900,814. Insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 2.7%

NASDAQ NVDA opened at $182.65 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The firm has a market cap of $4.44 trillion, a price-to-earnings ratio of 37.28, a PEG ratio of 0.60 and a beta of 2.33. The firm has a 50 day simple moving average of $185.66 and a 200-day simple moving average of $184.01.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The business had revenue of $68.13 billion for the quarter, compared to analyst estimates of $65.56 billion. During the same quarter in the prior year, the company earned $0.89 earnings per share. The company’s revenue was up 73.2% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Wednesday, March 11th. NVIDIA’s payout ratio is 0.82%.

NVIDIA Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

See Also

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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