FMR LLC & Abigail Johnson Boost NVIDIA Stake to 5.176%
Ticker: NVDA · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1045810
| Field | Detail |
|---|---|
| Company | Nvidia CORP (NVDA) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-holdings, amendment, long-term-investment
TL;DR
**FMR LLC and Abigail Johnson just upped their NVIDIA stake to 5.176%, signaling bullish sentiment.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their holdings in NVIDIA CORP. As of February 9, 2024, they collectively beneficially own 127,855,229 shares of NVIDIA's common stock, representing 5.176% of the company. This filing, an amendment to a previous SC 13G, indicates a slight increase in their reported beneficial ownership from the 121,060,256 shares previously reported as sole voting power, signaling continued confidence in NVIDIA's future performance.
Why It Matters
This filing shows that a significant institutional investor and its top executive maintain a substantial stake in NVIDIA, which can be seen as a vote of confidence for current and potential shareholders.
Risk Assessment
Risk Level: low — This filing indicates a stable, long-term institutional holding, which generally reduces volatility risk for the stock.
Analyst Insight
A smart investor would view this sustained and slightly increased institutional ownership by FMR LLC and Abigail P. Johnson as a positive signal, reinforcing confidence in NVIDIA's long-term prospects and potentially considering it as a factor in their own investment decisions.
Key Numbers
- 127,855,229 — Shares Beneficially Owned (Represents the total number of NVIDIA common shares FMR LLC and Abigail P. Johnson collectively own, indicating their significant investment.)
- 5.176% — Percentage of Class (This percentage shows the proportion of NVIDIA's total outstanding common stock held by FMR LLC and Abigail P. Johnson, highlighting their influence.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- NVIDIA CORP (company) — subject company, issuer of common stock
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- 127,855,229 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 5.176% (dollar_amount) — percentage of NVIDIA's class of common stock beneficially owned
Forward-Looking Statements
- FMR LLC will maintain its significant stake in NVIDIA CORP, reflecting a long-term investment strategy. (FMR LLC) — high confidence, target: 2025-02-09
- NVIDIA's stock price will likely experience continued stability or upward momentum, partly supported by strong institutional investor confidence. (NVIDIA CORP) — medium confidence, target: 2024-08-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing for NVIDIA CORP?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of NVIDIA CORP common shares beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each beneficially own 127,855,229 shares of NVIDIA CORP common stock, as detailed in Item 7 and Item 4(a) of their respective sections.
What percentage of NVIDIA CORP's common stock do FMR LLC and Abigail P. Johnson collectively own?
Both FMR LLC and Abigail P. Johnson report owning 5.176% of NVIDIA CORP's common stock, as indicated in Item 11 and Item 4(b) of their respective sections.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box on the first page of the filing.
What is the CUSIP number for NVIDIA CORP's common stock mentioned in this filing?
The CUSIP number for NVIDIA CORP's common stock is 67066G104, as stated multiple times in the filing, including under 'Cusip #67066G104' and Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding NVIDIA CORP (NVDA).