Penobscot Investment Management Company Inc. Decreases Position in NVIDIA Corporation $NVDA

Penobscot Investment Management Company Inc. decreased its position in NVIDIA Corporation (NASDAQ:NVDA) by 3.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 416,196 shares of the computer hardware maker’s stock after selling 16,670 shares during the quarter. NVIDIA comprises 5.8% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 2nd largest holding. Penobscot Investment Management Company Inc.’s holdings in NVIDIA were worth $77,620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Emerald Advisors LLC boosted its holdings in NVIDIA by 1.2% during the fourth quarter. Emerald Advisors LLC now owns 13,899 shares of the computer hardware maker’s stock worth $2,592,000 after buying an additional 165 shares during the last quarter. Family Capital Management Inc. boosted its holdings in NVIDIA by 13.5% during the fourth quarter. Family Capital Management Inc. now owns 11,203 shares of the computer hardware maker’s stock worth $2,089,000 after buying an additional 1,332 shares during the last quarter. Wealthspan Partners LLC boosted its holdings in NVIDIA by 1.3% during the fourth quarter. Wealthspan Partners LLC now owns 9,653 shares of the computer hardware maker’s stock worth $1,800,000 after buying an additional 127 shares during the last quarter. Optas LLC boosted its holdings in NVIDIA by 3.5% during the fourth quarter. Optas LLC now owns 133,950 shares of the computer hardware maker’s stock worth $24,982,000 after buying an additional 4,484 shares during the last quarter. Finally, Stevens Capital Partners boosted its holdings in NVIDIA by 3.3% during the fourth quarter. Stevens Capital Partners now owns 12,032 shares of the computer hardware maker’s stock worth $2,244,000 after buying an additional 387 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Wells Fargo raised its price target on NVIDIA to $315 from $265 and reaffirmed an Overweight rating, citing continued upside ahead of the company’s May 20 earnings report.
• Positive Sentiment: Several articles highlighted NVIDIA’s expanding role across the AI supply chain, including partnerships and investments that reinforce its dominance in AI infrastructure and networking. Nvidia Is Buying the Chip Supply Chain
• Positive Sentiment: Investor sentiment remains strong after NVIDIA hit fresh all-time highs, with analysts and market commentators pointing to its leadership in AI chips and data-center spending as reasons for the stock’s continued momentum. Nvidia Stock Reaches New Highs Then Retreats: What’s Happening?
• Positive Sentiment: Multiple pieces framed NVIDIA as a top AI/momentum name, including bullish commentary on its long-term growth runway and “supercycle” narrative, which can attract more buyers into the stock. Are You Looking for a Top Momentum Pick? Why Nvidia (NVDA) is a Great Choice
• Neutral Sentiment: Several articles noted that NVIDIA remains a favorite stock in hedge fund portfolios and lists of top AI picks, which supports the bullish narrative but does not add a new fundamental catalyst. Chris Rokos Stock Portfolio: Top 5 Stock Picks
• Negative Sentiment: There is also some pushback around China exposure and CEO Jensen Huang’s exclusion from Trump’s China trip, which raises questions about future access to that market and adds a mild overhang. Nvidia Stock Falls After Report CEO Huang Is Excluded From Trump’s China Trip
• Negative Sentiment: Broader chip-stock weakness and “pullback” commentary suggest the semiconductor trade may be due for a pause after a strong run, which could temper near-term gains. Chip Stocks Are Bleeding Today. The 2018 and 2022 Selloffs Tell You Exactly What Comes Next

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 300,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total value of $54,675,000.00. Following the sale, the executive vice president owned 3,018,547 shares of the company’s stock, valued at approximately $550,130,190.75. This trade represents a 9.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Dabiri sold 3,004 shares of NVIDIA stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $184.90, for a total value of $555,439.60. Following the completion of the sale, the director directly owned 14,788 shares in the company, valued at approximately $2,734,301.20. This represents a 16.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 906,336 shares of company stock valued at $162,802,518 over the last 90 days. Insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Wells Fargo & Company restated an “overweight” rating and set a $315.00 target price (up from $265.00) on shares of NVIDIA in a report on Tuesday. Benchmark restated a “buy” rating and set a $250.00 target price on shares of NVIDIA in a report on Tuesday, March 31st. Citigroup initiated coverage on NVIDIA in a report on Wednesday, April 15th. They set a “buy” rating on the stock. Jefferies Financial Group restated a “buy” rating and set a $275.00 target price (up from $250.00) on shares of NVIDIA in a report on Friday, January 16th. Finally, Tigress Financial restated a “strong-buy” rating and set a $360.00 target price (up from $350.00) on shares of NVIDIA in a report on Thursday, March 5th. Four analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $276.88.

NVIDIA Trading Up 0.6%

NASDAQ NVDA opened at $220.78 on Wednesday. The firm has a market cap of $5.36 trillion, a P/E ratio of 45.06, a P/E/G ratio of 0.72 and a beta of 2.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. The stock’s 50-day moving average is $189.54 and its 200-day moving average is $187.47. NVIDIA Corporation has a one year low of $124.47 and a one year high of $223.75.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. The company had revenue of $68.13 billion for the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.NVIDIA’s revenue was up 73.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. Sell-side analysts anticipate that NVIDIA Corporation will post 7.84 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is currently 0.82%.

NVIDIA 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.