NVIDIA Corporation $NVDA Position Lowered by Arizona State Retirement System

Posted by Francis Steltz on May 17th, 2026

Arizona State Retirement System lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,905,742 shares of the computer hardware maker’s stock after selling 219,895 shares during the period. NVIDIA accounts for approximately 7.0% of Arizona State Retirement System’s portfolio, making the stock its biggest position. Arizona State Retirement System’s holdings in NVIDIA were worth $1,287,921,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Longfellow Investment Management Co. LLC raised its holdings in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares during the period. Spurstone Advisory Services LLC purchased a new stake in NVIDIA in the 2nd quarter valued at about $40,000. Sellwood Investment Partners LLC purchased a new stake in NVIDIA in the 3rd quarter valued at about $50,000. Networth Advisors LLC purchased a new stake in NVIDIA in the 4th quarter valued at about $51,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new stake in NVIDIA in the 2nd quarter valued at about $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 19,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the sale, the director directly owned 36,007 shares in the company, valued at $6,362,796.97. This represents a 34.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 20,000 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $3,497,800.00. Following the transaction, the chief financial officer directly owned 83,060 shares of the company’s stock, valued at approximately $14,526,363.40. This represents a 19.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 906,336 shares of company stock valued at $162,802,518. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on NVDA. Citigroup began coverage on shares of NVIDIA in a report on Wednesday, April 15th. They issued a “buy” rating on the stock. Barclays restated a “buy” rating on shares of NVIDIA in a report on Thursday, February 26th. Susquehanna restated a “positive” rating and issued a $275.00 price objective (up from $250.00) on shares of NVIDIA in a report on Tuesday. Bank of America boosted their price objective on shares of NVIDIA from $300.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Robert W. Baird boosted their price objective on shares of NVIDIA from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Four analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $276.56.

Read Our Latest Report on NVIDIA

NVIDIA Stock Down 4.4%

Shares of NASDAQ:NVDA opened at $225.32 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. The firm has a market capitalization of $5.46 trillion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 0.70 and a beta of 2.25. The firm’s 50-day moving average is $192.36 and its two-hundred day moving average is $188.38. NVIDIA Corporation has a 1 year low of $129.16 and a 1 year high of $236.54.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. The company had revenue of $68.13 billion for the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The business’s revenue for the quarter was up 73.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. Analysts predict that NVIDIA Corporation will post 7.84 EPS for the current year.

NVIDIA Dividend Announcement

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

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Multiple reports said the U.S. has cleared Nvidia’s H200 AI chips for sale to about 10 Chinese companies, raising hopes for a meaningful rebound in China-related data center revenue. Reuters article
Positive Sentiment: UBS and Cantor Fitzgerald both raised price targets on NVIDIA, reinforcing Wall Street’s view that AI demand and data center growth still have room to drive further upside. Proactive Investors article American Banking News article
Positive Sentiment: Investors are increasingly betting that Nvidia will beat Q1 FY2027 expectations, with several previews citing strong hyperscaler spending, AI infrastructure demand, and a possible revenue surprise. Seeking Alpha article Investopedia article
Neutral Sentiment: Coverage this morning emphasized that Nvidia’s stock has run hard into earnings, so some investors are locking in gains and watching whether the report can justify the valuation. CNBC article
Negative Sentiment: The broader semiconductor complex sold off today, and some articles noted that Nvidia’s China opportunity is still not fully secured because approvals, deliveries, and Chinese domestic-chip competition remain uncertain. Benzinga article CNBC article

NVIDIA Company 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.