Harbour Investments Inc. cut its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 254,766 shares of the computer hardware maker’s stock after selling 2,986 shares during the quarter. NVIDIA accounts for 1.0% of Harbour Investments Inc.’s portfolio, making the stock its 15th largest position. Harbour Investments Inc.’s holdings in NVIDIA were worth $47,514,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in NVDA. Norges Bank bought a new position in NVIDIA during the 2nd quarter valued at $51,386,863,000. Capital Research Global Investors boosted its stake in NVIDIA by 16.1% during the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after acquiring an additional 22,896,705 shares during the last quarter. Laurel Wealth Advisors LLC boosted its stake in NVIDIA by 15,496.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after acquiring an additional 21,725,326 shares during the last quarter. Danske Bank A S bought a new position in NVIDIA during the 3rd quarter valued at $3,180,313,000. Finally, PFA Pension Forsikringsaktieselskab bought a new position in NVIDIA during the 4th quarter valued at $2,635,969,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on NVDA shares. UBS Group increased their price objective on shares of NVIDIA from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Craig Hallum increased their price objective on shares of NVIDIA from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. KeyCorp set a $310.00 price objective on shares of NVIDIA and gave the company an “overweight” rating in a research note on Thursday, May 21st. Rothschild & Co Redburn increased their price objective on shares of NVIDIA from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $255.00 price objective (up from $220.00) on shares of NVIDIA in a research note on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $305.67.
NVIDIA Trading Up 1.7%
NVIDIA stock opened at $208.64 on Tuesday. The firm’s 50-day moving average is $204.12 and its 200-day moving average is $190.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. NVIDIA Corporation has a 1 year low of $140.85 and a 1 year high of $236.54. The company has a market cap of $5.05 trillion, a P/E ratio of 31.95, a PEG ratio of 0.46 and a beta of 2.22.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business had revenue of $81.62 billion for the quarter, compared to analysts’ expectations of $78.42 billion. During the same quarter last year, the company earned $0.81 EPS. The company’s revenue for the quarter was up 85.2% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Corporation will post 8.61 earnings per share for the current year.
NVIDIA Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be issued a $0.25 dividend. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA’s dividend payout ratio is 15.31%.
NVIDIA announced that its board has authorized a share buyback program on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
NVIDIA News Summary
Here are the key news stories impacting NVIDIA this week:
- Positive Sentiment: NVIDIA announced multiyear partnerships in South Korea with SK Hynix, SK Telecom, and NAVER to build gigawatt-scale AI clouds and AI factories using NVIDIA’s DSX platform, which expands its footprint in sovereign AI, data centers, and next-generation memory supply. NVIDIA and SK hynix Announce Multiyear Technology Partnership to Advance Memory for AI Factories
- Positive Sentiment: CEO Jensen Huang said the recent chip selloff should make investors “very happy,” reinforcing the view that AI demand remains strong and that the pullback may be a buying opportunity for semiconductor stocks. Nvidia Stock Rises as CEO Says Chip Selloff Should Make Investors ‘Very Happy’
- Positive Sentiment: Reports that Apple is partnering with Google and NVIDIA for a more advanced AI model, plus continued interest from investors and analysts, add to the bullish narrative that NVIDIA remains central to the AI buildout. Apple partnering with Google and Nvidia for most advanced AI model
- Neutral Sentiment: Some coverage highlighted concerns that NVIDIA’s AI PC push is still based on unproven consumer demand beyond niche users, suggesting this initiative may take time to meaningfully contribute to growth. Nvidia’s AI PC push banks on unproven demand beyond niche users
- Negative Sentiment: There was also attention on NVIDIA CEO Jensen Huang declining a Senate invitation to testify on AI and China export controls, keeping regulatory and geopolitical risks in view. Nvidia CEO Jensen Huang declines Senate testimony on AI, China and exports
Insiders Place Their Bets
In related news, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the sale, the director owned 116,135 shares of the company’s stock, valued at $25,053,803.55. This trade represents a 11.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 20,000 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $3,497,800.00. Following the completion of the sale, the chief financial officer directly owned 83,060 shares in the company, valued at approximately $14,526,363.40. This trade represents a 19.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,622,461 shares of company stock worth $332,629,083. 3.94% of the stock is owned by company insiders.
NVIDIA Company Profile
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
Featured Articles
- Five stocks we like better than NVIDIA
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.
