State of New Jersey Common Pension Fund D Has $1.30 Billion Position in NVIDIA Corporation $NVDA

State of New Jersey Common Pension Fund D reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,209,521 shares of the computer hardware maker’s stock after selling 29,450 shares during the quarter. NVIDIA accounts for 5.0% of State of New Jersey Common Pension Fund D’s holdings, making the stock its biggest holding. State of New Jersey Common Pension Fund D’s holdings in NVIDIA were worth $1,297,022,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA in the 2nd quarter valued at approximately $28,000. Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% in the first 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 during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the first quarter valued at approximately $51,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA during the second quarter valued at approximately $55,000. Finally, Campbell Capital Management Inc. lifted its stake in NVIDIA by 5,900.0% during the first 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 during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Up 2.8%

Shares of NASDAQ NVDA opened at $186.52 on Thursday. The company has a 50 day simple moving average of $186.37 and a 200 day simple moving average of $167.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. 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 (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The firm had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. On average, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,251,577 shares of company stock valued at $583,143,187 in the last three months. Insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research analyst reports. Evercore ISI set a $261.00 price target on NVIDIA and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Benchmark lifted their target price on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Daiwa Capital Markets increased their target price on shares of NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. KeyCorp restated an “overweight” rating and issued a $250.00 price target on shares of NVIDIA in a research note on Friday, November 14th. Finally, S&P Equity Research reiterated a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. Five analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $240.49.

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.