NVIDIA Corporation $NVDA Stock Position Reduced by Summit Financial LLC

Summit Financial LLC cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 633,764 shares of the computer hardware maker’s stock after selling 9,218 shares during the period. NVIDIA makes up 1.7% of Summit Financial LLC’s holdings, making the stock its 6th biggest holding. Summit Financial LLC’s holdings in NVIDIA were worth $118,197,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NVDA. Brighton Jones LLC raised its stake in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after purchasing an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG raised its stake in NVIDIA by 1.0% during 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 purchasing an additional 22,929 shares during the period. Highview Capital Management LLC DE raised its stake in NVIDIA by 6.7% during 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 purchasing an additional 3,653 shares during the period. Hudson Value Partners LLC raised its stake 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 worth $6,805,000 after purchasing an additional 11,900 shares during the period. Finally, Wealth Group Ltd. raised its stake in NVIDIA by 15.7% during the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock worth $715,000 after purchasing an additional 896 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Aarti S. Shah sold 19,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the sale, the director directly owned 36,007 shares of the company’s stock, valued at $6,362,796.97. This represents a 34.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $219.83, for a total transaction of $109,915,000.00. Following the sale, the director directly owned 6,399,771 shares in the company, valued at approximately $1,406,861,658.93. The trade was a 7.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,619,457 shares of company stock worth $332,073,643 over the last 90 days. Company insiders own 3.94% of the company’s stock.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analysts remained broadly bullish, with multiple notes raising revenue forecasts and price targets while arguing NVDA still looks undervalued given its dominance in AI accelerators and networking. Analyst Calls NVIDIA Undervalued, Sees Major Upside Ahead
• Positive Sentiment: Reuters reported that NVIDIA has begun pitching its Vera CPUs to Chinese customers, suggesting a possible reopening of a meaningful China growth channel and expanding the company’s AI data-center addressable market. Exclusive: Nvidia begins Vera CPU sales pitch to Chinese clients, sources say
• Positive Sentiment: New partnerships and product launches reinforced NVIDIA’s platform leadership, including its RTX Spark push for local AI inference, its collaboration with Microsoft on agentic AI, and healthcare AI work with Abridge. Nvidia Is Developing an AI Healthcare Model With Startup Abridge
• Positive Sentiment: Institutional and thematic commentary continued to support the stock, with articles highlighting strong Blackwell demand, a favorable AI spending backdrop, and the idea that NVDA could benefit from the current wave of AI infrastructure buildouts. NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
• Neutral Sentiment: Some market coverage framed NVIDIA as part of a broader tech rotation, with chip stocks moving differently from the mega-cap AI leaders as investors reassessed valuation and near-term expectations. Nvidia stock slips despite China push, strong AI demand outlook
• Negative Sentiment: Bearish and comparative pieces argued that other AI names like Micron or AMD may offer better near-term upside, which can weigh on sentiment toward NVDA even if the company’s fundamentals remain strong. Micron vs. NVIDIA: One AI Stock Is a Clear Buy Right Now

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of analyst reports. President Capital lifted their target price on shares of NVIDIA from $280.00 to $295.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Raymond James Financial reaffirmed a “strong-buy” rating and set a $330.00 target price on shares of NVIDIA in a research note on Thursday, May 21st. HSBC reaffirmed a “buy” rating and set a $325.00 target price (up from $295.00) on shares of NVIDIA in a research note on Tuesday, May 19th. Benchmark reissued a “buy” rating and issued a $335.00 price target (up from $250.00) on shares of NVIDIA in a research note on Thursday, May 21st. Finally, Tigress Financial reissued a “strong-buy” rating and issued a $425.00 price target (up from $360.00) on shares of NVIDIA in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $305.67.

NVIDIA Price Performance

NVIDIA stock opened at $205.19 on Friday. The company’s 50 day simple moving average is $206.84 and its 200-day simple moving average is $191.34. The company has a market capitalization of $4.97 trillion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 0.46 and a beta of 2.22. NVIDIA Corporation has a 1 year low of $140.85 and a 1 year high of $236.54. 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 (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The business had revenue of $81.62 billion for the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business’s revenue was up 85.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. As a group, equities research analysts expect that NVIDIA Corporation will post 8.65 earnings per share for the current year.

NVIDIA announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 4th. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s payout ratio is currently 15.31%.

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.