NVIDIA Corporation $NVDA is Lazard Asset Management LLC’s 3rd Largest Position

Lazard Asset Management LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 22.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,321,287 shares of the computer hardware maker’s stock after acquiring an additional 1,923,175 shares during the quarter. NVIDIA accounts for about 3.0% of Lazard Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Lazard Asset Management LLC’s holdings in NVIDIA were worth $1,800,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after purchasing an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in shares of NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after buying an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE boosted its holdings in shares of NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after buying an additional 3,653 shares during the last quarter. Hudson Value Partners LLC grew its position in NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after buying an additional 11,900 shares during the period. Finally, Wealth Group Ltd. increased its holdings in NVIDIA by 15.7% during the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after buying an additional 896 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 885,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the sale, the director directly owned 5,207,271 shares of the company’s stock, valued at $1,094,412,146.07. This represents a 14.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen C. Neal sold 15,500 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the transaction, the director directly owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,901,125 shares of company stock worth $410,583,015. Corporate insiders own 3.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NVDA shares. Royal Bank Of Canada set a $280.00 price objective on NVIDIA in a research note on Thursday, May 21st. Wall Street Zen cut NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Robert W. Baird set a $500.00 price objective on NVIDIA and gave the company an “outperform” rating in a research report on Thursday, May 21st. Itau BBA Securities reduced their target price on shares of NVIDIA from $256.00 to $218.00 in a report on Wednesday, June 24th. Finally, CICC Research raised their target price on shares of NVIDIA from $240.60 to $268.30 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $304.26.

NVIDIA Price Performance

NVDA stock opened at $218.78 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The company’s fifty day moving average price is $205.40 and its 200-day moving average price is $197.00. NVIDIA Corporation has a one year low of $164.07 and a one year high of $236.54. The company has a market capitalization of $5.29 trillion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 0.43 and a beta of 2.23.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.11. The company had revenue of $81.61 billion during the quarter, compared to analysts’ expectations 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 period last year, the company posted $0.81 earnings per share. On average, equities analysts anticipate that NVIDIA Corporation will post 8.79 EPS for the current fiscal year.

NVIDIA declared that its board has authorized a share 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 buy up to 1.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, June 4th. NVIDIA’s payout ratio is presently 15.31%.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: SpaceX endorsement strengthens demand outlook: Elon Musk said SpaceX will build its AI infrastructure exclusively with NVIDIA chips, including Vera Rubin systems. The announcement supports expectations for substantial incremental GPU demand and contributed to NVIDIA’s recent rally. Nvidia Stock Is on the Rise After SpaceX Announcement
• Positive Sentiment: AI infrastructure demand remains robust: AZIO AI outlined a potential purchase of up to 128 NVIDIA HGX B300 systems valued at approximately $77 million, while Zayo announced plans to expand network capacity for NVIDIA-powered AI factories. These announcements reinforce demand for NVIDIA’s next-generation systems and surrounding infrastructure. AZIO AI Secures Sales Pipeline Zayo Teams with NVIDIA
• Positive Sentiment: Growth expectations remain elevated: Analysts and bullish commentary point to custom CPU expansion, networking, software and enterprise AI as potential long-term growth drivers beyond GPUs. NVIDIA’s August 26 earnings report is viewed as the next major catalyst, with several analysts maintaining buy ratings and price targets well above the current level. NVIDIA’s Custom CPU Expansion
• Neutral Sentiment: Short-term momentum is being debated: After the sharp rally, some traders are pausing because immediate catalysts may be limited before earnings, although analysts continue to cite strong hyperscaler spending and AI demand. NVIDIA Stock Slips After Five-Day Rally
• Negative Sentiment: Semiconductor and supply-chain risks are resurfacing: SanDisk’s weaker outlook pressured AI and memory shares, while reports that NVIDIA may reduce memory in future Rubin Ultra designs highlight high-bandwidth-memory bottlenecks. Proposed restrictions on Chinese AI components could also raise costs and complicate deployment.
• Negative Sentiment: Profit-taking and insider selling add caution: NVIDIA insiders have reported sales but no open-market purchases during the past six months. Michael Burry’s warning that AI stocks could become “future ghost towns” is also reinforcing concerns about elevated expectations, despite remaining a minority view.

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.