Sumitomo Mitsui Trust Group Inc. Has $10.26 Billion Position in NVIDIA Corporation $NVDA

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 accounts for approximately 6.4% of Sumitomo Mitsui Trust Group Inc.’s portfolio, making the stock its biggest holding. Sumitomo Mitsui Trust Group Inc. owned 0.27% of NVIDIA worth $10,261,504,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NVDA. West Michigan Advisors LLC increased its holdings in shares of NVIDIA by 1.4% during the 2nd quarter. West Michigan Advisors LLC now owns 55,996 shares of the computer hardware maker’s stock valued at $8,847,000 after acquiring an additional 799 shares during the last quarter. Harbour Investment Management LLC boosted its position in NVIDIA by 3.0% during the second quarter. Harbour Investment Management LLC now owns 8,295 shares of the computer hardware maker’s stock worth $1,311,000 after purchasing an additional 240 shares during the period. Kathleen S. Wright Associates Inc. grew its holdings in NVIDIA by 39.4% during the second quarter. Kathleen S. Wright Associates Inc. now owns 563 shares of the computer hardware maker’s stock valued at $89,000 after purchasing an additional 159 shares during the last quarter. First Business Financial Services Inc. raised its position in shares of NVIDIA by 11.8% in the second quarter. First Business Financial Services Inc. now owns 101,713 shares of the computer hardware maker’s stock valued at $16,070,000 after purchasing an additional 10,727 shares during the period. Finally, Moloney Securities Asset Management LLC lifted its stake in shares of NVIDIA by 8.1% in the second quarter. Moloney Securities Asset Management LLC now owns 142,331 shares of the computer hardware maker’s stock worth $22,487,000 after buying an additional 10,613 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NVDA. S&P Equity Research reiterated a “positive” rating on shares of NVIDIA in a research note on Wednesday, October 22nd. Rothschild & Co Redburn raised their price target on NVIDIA from $211.00 to $245.00 and gave the company a “buy” rating in a research report on Monday. President Capital lifted their price objective on NVIDIA from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 price objective on shares of NVIDIA in a research report on Wednesday, October 29th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $250.00 target price on shares of NVIDIA in a report on Friday, November 14th. Five 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $240.49.

NVIDIA Trading Up 2.8%

Shares of NVDA opened at $186.52 on Thursday. The stock’s 50-day moving average price is $186.37 and its 200 day moving average price is $167.48. 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 market capitalization of $4.53 trillion, a price-to-earnings ratio of 53.14, 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.

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

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s payout ratio is presently 1.14%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the sale, the chief executive officer directly owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 27,640 shares of NVIDIA 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 transaction, the chief financial officer directly owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. This represents a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is owned by insiders.

About NVIDIA

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.