USS Investment Management Ltd increased its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 12.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,229,093 shares of the computer hardware maker’s stock after purchasing an additional 480,078 shares during the quarter. NVIDIA makes up approximately 3.1% of USS Investment Management Ltd’s holdings, making the stock its 4th largest holding. USS Investment Management Ltd’s holdings in NVIDIA were worth $737,237,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of NVDA. IFM Investors Pty Ltd raised its position in NVIDIA by 3.7% during the 1st quarter. IFM Investors Pty Ltd now owns 5,005,906 shares of the computer hardware maker’s stock valued at $873,030,000 after purchasing an additional 178,699 shares during the last quarter. DeLarme Wealth Management Inc. grew its position in shares of NVIDIA by 12.5% in the 1st quarter. DeLarme Wealth Management Inc. now owns 3,060 shares of the computer hardware maker’s stock worth $534,000 after buying an additional 340 shares during the last quarter. Rexford Capital Inc. increased its stake in shares of NVIDIA by 2.8% during the first quarter. Rexford Capital Inc. now owns 17,230 shares of the computer hardware maker’s stock valued at $3,005,000 after buying an additional 464 shares during the period. Wealth Care LLC purchased a new position in shares of NVIDIA during the first quarter valued at approximately $1,545,000. Finally, Severin Investments LLC raised its holdings in shares of NVIDIA by 12.0% during the first quarter. Severin Investments LLC now owns 15,557 shares of the computer hardware maker’s stock valued at $2,713,000 after acquiring an additional 1,665 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.
Insider Buying and Selling
In other NVIDIA news, Director John Dabiri sold 625 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total value of $133,750.00. Following the sale, the director directly owned 14,163 shares of the company’s stock, valued at approximately $3,030,882. The trade was a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares in the company, valued at approximately $25,053,803.55. This represents a 11.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,901,125 shares of company stock worth $410,583,015 in the last 90 days. Insiders own 3.94% of the company’s stock.
Key NVIDIA News
- Positive Sentiment: Bank of America and other analysts reiterated bullish views, saying NVIDIA still dominates AI infrastructure spending and that the current valuation looks attractive after the recent selloff. Nvidia backed by Bank of America as analysts see AI leadership supporting further growth
- Positive Sentiment: Research from SemiAnalysis suggested NVIDIA could beat Wall Street expectations on data center revenue, reinforcing the view that AI demand remains stronger than many investors fear. Wall Street’s Most Watched Researcher Just Predicted NVIDIA Will Crush Earnings. Will the Stock Rally?
- Positive Sentiment: NVIDIA announced or was highlighted in several AI product and ecosystem updates, including Hugging Face LeRobot integration and new NIM microservices, which help support its long-term platform story. NVIDIA (NVDA) Integrates Isaac AI Tools into Hugging Face LeRobot
- Neutral Sentiment: Reports that China may allow limited purchases of NVIDIA H200 chips could modestly improve sentiment, but supply appears tightly capped, limiting the near-term impact. China plans to let top AI firms buy limited amount of Nvidia H200 chips, the Information reports
- Neutral Sentiment: Several articles argued NVIDIA is trading at a lower valuation than usual, which may attract value buyers, but the same decline also reflects investor concerns about competition, margins, and delays in next-gen infrastructure. Nvidia’s stock trades at a juicy discount, according to BofA
- Negative Sentiment: Some coverage pointed to slower momentum in the stock versus other AI and semiconductor names, plus concerns about rising competition and a broader rotation away from NVIDIA into other parts of the AI supply chain. Nvidia stock continues to struggle even as AI peers soar: buy, sell, or hold?
- Negative Sentiment: Reuters also reported that France’s competition probe into NVIDIA is nearing an end, keeping regulatory overhang in focus. French competition authority’s Nvidia probe nearing end
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 price target on shares of NVIDIA in a research note on Thursday, May 21st. Mizuho set a $300.00 price objective on shares of NVIDIA in a research report on Thursday, May 21st. DZ Bank reaffirmed a “buy” rating on shares of NVIDIA in a research report on Thursday, May 21st. Benchmark reaffirmed a “buy” rating and set a $335.00 target price (up from $250.00) on shares of NVIDIA in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $285.00 price target (up from $250.00) on shares of NVIDIA in a research report on Wednesday, May 20th. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $303.84.
Get Our Latest Stock Report on NVDA
NVIDIA Stock Down 0.7%
Shares of NVIDIA stock opened at $202.78 on Friday. NVIDIA Corporation has a 1 year low of $161.61 and a 1 year high of $236.54. The firm has a market cap of $4.91 trillion, a price-to-earnings ratio of 31.05, a PEG ratio of 0.45 and a beta of 2.21. The company has a 50-day moving average of $209.45 and a 200 day moving average of $194.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping the consensus estimate of $1.76 by $0.11. The business had revenue of $81.61 billion for the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. NVIDIA’s quarterly revenue was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 earnings per share. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.
NVIDIA announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 20th that permits the company to buyback $80.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.
NVIDIA Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s payout ratio is presently 15.31%.
About NVIDIA
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.
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