FMR LLC & Abigail Johnson Boost NVIDIA Stake to 5.176%

Ticker: NVDA · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

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).

From the Filing

0000315066-24-001331.txt : 20240209 0000315066-24-001331.hdr.sgml : 20240209 20240209092831 ACCESSION NUMBER: 0000315066-24-001331 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NVIDIA CORP CENTRAL INDEX KEY: 0001045810 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 943177549 STATE OF INCORPORATION: DE FISCAL YEAR END: 0128 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56649 FILM NUMBER: 24611864 BUSINESS ADDRESS: STREET 1: 2788 SAN TOMAS EXPRESSWAY CITY: SANTA CLARA STATE: CA ZIP: 95051 BUSINESS PHONE: 408-486-2000 MAIL ADDRESS: STREET 1: 2788 SAN TOMAS EXPRESSWAY CITY: SANTA CLARA STATE: CA ZIP: 95051 FORMER COMPANY: FORMER CONFORMED NAME: NVIDIA CORP/DE DATE OF NAME CHANGE: 20020612 FORMER COMPANY: FORMER CONFORMED NAME: NVIDIA CORP/CA DATE OF NAME CHANGE: 19980303 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.15 NVIDIA CORP COMMON STOCK Cusip #67066G104 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #67066G104 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 121,060,256 Item 6: 0 Item 7: 127,855,229 Item 8: 0 Item 9: 127,855,229 Item 11: 5.176% Item 12: HC Cusip #67066G104 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 127,855,229 Item 8: 0 Item 9: 127,855,229 Item 11: 5.176% Item 12: IN Item 1(a). Name of Issuer: NVIDIA CORP Item 1(b). Address of Issuer's Principal Executive Offices: 2788 San Tomas Expressway Santa Clara, CA 95051 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 67066G104 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 127,855,229 (b) Percent of Class: 5.176% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 127,855,229 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of NVIDIA CORP. No one other person's interest in the COMMON STOCK of NVIDIA CORP is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice