NVIDIA Corporation $NVDA Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 64,950,336 shares of the computer hardware maker’s stock after buying an additional 1,167,236 shares during the period. NVIDIA makes up 6.4% of Sumitomo Mitsui Trust Group Inc.’s holdings, making the stock its biggest holding. Sumitomo Mitsui Trust Group Inc.’s holdings in NVIDIA were worth $10,261,504,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Morton Brown Family Wealth LLC increased its holdings in shares of NVIDIA by 1.5% in the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock valued at $621,000 after purchasing an additional 58 shares in the last quarter. Roof Eidam Maycock Peralta LLC boosted its position in NVIDIA by 0.3% in the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker’s stock valued at $3,302,000 after buying an additional 58 shares during the last quarter. Alpha Wealth Funds LLC boosted its position in NVIDIA by 1.3% in the 2nd quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock valued at $732,000 after buying an additional 59 shares during the last quarter. Copia Wealth Management increased its stake in shares of NVIDIA by 14.7% in the 2nd quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock valued at $74,000 after buying an additional 60 shares during the period. Finally, BKM Wealth Management LLC raised its position in shares of NVIDIA by 1.1% during the second quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker’s stock worth $908,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research reports. Rosenblatt Securities lifted their price objective on NVIDIA from $215.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. TD Cowen raised their target price on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, August 19th. Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Craig Hallum raised their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, Evercore ISI set a $261.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $240.49.

NVIDIA Trading Up 2.8%

NVDA opened at $186.52 on Thursday. The firm’s fifty day moving average is $186.37 and its two-hundred day moving average is $167.48. The firm has a market cap of $4.53 trillion, a PE ratio of 53.14, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be given a $0.01 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is currently 1.14%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the sale, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the transaction, the chief executive officer directly owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is owned by company 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.