NVIDIA Corporation $NVDA Stake Lowered by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 37.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,732 shares of the computer hardware maker’s stock after selling 79,165 shares during the quarter. NVIDIA comprises approximately 3.5% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 2nd biggest position. Smithbridge Asset Management Inc. DE’s holdings in NVIDIA were worth $23,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NVDA. BetterWealth LLC grew its position in NVIDIA by 12.0% during the 1st quarter. BetterWealth LLC now owns 11,412 shares of the computer hardware maker’s stock valued at $1,990,000 after purchasing an additional 1,220 shares during the last quarter. Vision Capital Management Inc. raised its holdings in NVIDIA by 0.4% in the first quarter. Vision Capital Management Inc. now owns 107,704 shares of the computer hardware maker’s stock worth $18,784,000 after buying an additional 410 shares during the last quarter. Reliant Investment Management LLC raised its holdings in NVIDIA by 28.4% in the first quarter. Reliant Investment Management LLC now owns 2,507 shares of the computer hardware maker’s stock worth $437,000 after buying an additional 555 shares during the last quarter. Root Financial Partners LLC lifted its stake in shares of NVIDIA by 51.7% in the first quarter. Root Financial Partners LLC now owns 245,390 shares of the computer hardware maker’s stock worth $42,796,000 after buying an additional 83,678 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. lifted its stake in shares of NVIDIA by 7.0% in the first quarter. Stock Yards Bank & Trust Co. now owns 437,899 shares of the computer hardware maker’s stock worth $76,370,000 after buying an additional 28,648 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 4.0%

Shares of NVIDIA stock opened at $210.96 on Friday. NVIDIA Corporation has a twelve month low of $162.02 and a twelve month high of $236.54. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $209.48 and its 200 day moving average is $194.42. The company has a market cap of $5.11 trillion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 0.45 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The business had revenue of $81.61 billion during 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 firm’s revenue was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS. Research analysts anticipate that NVIDIA Corporation will post 8.79 EPS for the current year.

NVIDIA declared that its board has authorized a share buyback plan on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Increases Dividend

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

Insiders Place Their Bets

In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. The trade was a 11.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 625 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the sale, the director directly owned 14,163 shares of the company’s stock, valued at $3,030,882. The trade was a 4.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,901,125 shares of company stock valued at $410,583,015. Insiders own 3.94% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NVDA. Royal Bank Of Canada set a $280.00 price target on shares of NVIDIA in a research report on Thursday, May 21st. BNP Paribas Exane upped their price objective on NVIDIA from $270.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. BTIG Research began coverage on NVIDIA in a research note on Wednesday, April 15th. They set a “buy” rating on the stock. William Blair restated an “outperform” rating on shares of NVIDIA in a research note on Tuesday, June 2nd. Finally, Craig Hallum boosted their price target on NVIDIA from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $303.84.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analysts and commentators said NVDA’s lower valuation and dominant position in AI spending could make recent weakness a buying opportunity, with Bank of America and others highlighting strong long-term upside.
• Positive Sentiment: Reuters reported that Nvidia supplier King Yuan Electronics plans to invest up to $1.4 billion in a U.S. facility, reinforcing the scale of the AI hardware supply chain and ongoing buildout around NVIDIA. Article Title
• Positive Sentiment: NVIDIA also announced a partnership with Fervo to launch an EGS-Twin geothermal platform, adding another AI-related ecosystem collaboration that investors may view as supportive of future growth. Article Title
• Positive Sentiment: Coverage around Nvidia’s strong Q1 results and the company’s upbeat revenue guidance near $91 billion for the next quarter continues to underline that AI demand is still running hot.
• Neutral Sentiment: Media and trading activity around NVDA remains elevated, including options-flow commentary, “most watched” stock chatter, and repeated articles on its AI leadership, which can keep the shares volatile but do not change fundamentals on their own.
• Negative Sentiment: Some reports noted pressure from customers and competitors building in-house AI chips, and there was also discussion of a possible delay to NVIDIA’s next-gen Kyber rack-scale architecture, both of which could raise investor concerns about future margins and timing.

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.