Nordea Investment Management AB Has $5.96 Billion Position in NVIDIA Corporation $NVDA

Nordea Investment Management AB lifted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 3.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 37,839,683 shares of the computer hardware maker’s stock after buying an additional 1,114,336 shares during the period. NVIDIA comprises approximately 5.5% of Nordea Investment Management AB’s portfolio, making the stock its 2nd biggest holding. Nordea Investment Management AB’s holdings in NVIDIA were worth $5,957,290,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Harbor Asset Planning Inc. bought a new stake in shares of NVIDIA in the second quarter valued at about $28,000. Kathleen S. Wright Associates Inc. raised its holdings in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the 1st quarter worth approximately $51,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the 2nd quarter worth approximately $55,000. Finally, Campbell Capital Management Inc. grew its holdings in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after purchasing an additional 590 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Up 0.0%

Shares of NVDA stock opened at $188.15 on Monday. The company has a market capitalization of $4.57 trillion, a P/E ratio of 53.60, a P/E/G ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $183.43 and a 200 day moving average price of $163.40.

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

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid 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 currently 1.14%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NVDA. Citigroup restated a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of NVIDIA in a research note on Tuesday, September 30th. New Street Research reissued a “buy” rating and issued a $307.00 price target on shares of NVIDIA in a report on Thursday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Loop Capital upped their target price on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Arete increased their price target on shares of NVIDIA from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $233.75.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the sale, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. This represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the completion of the sale, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at $14,498,230,235.73. The trade was a 0.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,401,577 shares of company stock worth $610,228,687 in the last 90 days. Company insiders own 4.17% of the company’s stock.

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.