Nvidia (NVDA) stock has rallied 43.4% year-to-date, driven by solid demand for the semiconductor giant’s graphics processing units (GPUs), which are required for artificial intelligence (AI) training and inference. Moreover, the company has been in the news for its strategic partnerships, including the $5 billion investment in Intel (INTC) and the $100 billion deal with ChatGPT maker OpenAI (PC:OPAIQ).
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Despite concerns about growing competition in the AI chips space from Advanced Micro Devices (AMD) and Broadcom (AVGO), Wall Street remains confident about Nvidia’s growth prospects. With this backdrop in mind, let’s explore Nvidia’s ownership structure using TipRanks’ Ownership Tool.
According to TipRanks’ Ownership page for NVDA stock, public companies and individual investors own 37.96% of Nvidia. They are followed by ETFs, which own 21.13% of the AI stock. Meanwhile, mutual funds, other institutional investors, and insiders own 20.29%, 16.71%, and 3.91%, respectively.
Digging Deeper into NVDA’s Ownership Structure
Looking closely at top shareholders, Vanguard holds the largest stake at 7.78%, followed by Vanguard Index Funds, which owns 6.97% of the company.
Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 3% stake in NVDA stock, followed by the Vanguard S&P 500 ETF (VOO) with a 2.48% holding.
Moving to mutual funds, Vanguard Index Funds holds about 6.97% of Nvidia. Meanwhile, the Fidelity Concord Street Trust owns 1.76% of the company.
Is Nvidia Stock a Buy, Hold, or Sell Now?
Currently, Nvidia scores Wall Street’s Strong Buy consensus rating based on 35 Buys, two Holds, and one Sell recommendation. The average NVDA stock price target of $219.86 indicates 14.2% upside potential from current levels.
