Beacon Bank & Trust reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,705 shares of the computer hardware maker's stock after selling 3,530 shares during the period. NVIDIA comprises about 3.0% of Beacon Bank & Trust's investment portfolio, making the stock its 9th biggest position. Beacon Bank & Trust's holdings in NVIDIA were worth $15,348,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Lifetime Wealth Management P.C. bought a new position in shares of NVIDIA during the 4th quarter worth approximately $26,000. Longview Financial Advisors Inc. bought a new stake in NVIDIA in the first quarter valued at $27,000. Longfellow Investment Management Co. LLC grew its position in NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after acquiring an additional 67 shares during the period. Phillip James Consulting Co. acquired a new position in NVIDIA during the first quarter worth $40,000. Finally, Spurstone Advisory Services LLC acquired a new position in NVIDIA during the second quarter worth $40,000. 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: NVIDIA will provide up to $105 billion in financing and credit support for an OpenAI data center campus in Ohio. SB Energy will build and operate the site, while OpenAI has signed a 20-year lease. The project is expected to support approximately 8 gigawatts of NVIDIA-powered computing capacity, creating a potentially significant source of future GPU, networking and systems demand. Nvidia backs financing for OpenAI data center in Ohio
- Positive Sentiment: NVIDIA is also investing $1.5 billion in SB Energy and will be the exclusive AI-compute provider for the Ohio campus. The arrangement strengthens NVIDIA’s role in developing the power, land and data-center infrastructure needed to sell complete AI systems, rather than chips alone. Nvidia investing $1.5B in SoftBank data center developer
- Positive Sentiment: Wall Street executives continue to describe AI infrastructure as constrained by power and computing capacity—not capital. BlackRock’s Larry Fink estimates the U.S. alone may need more than 70 gigawatts of power for AI, reinforcing the long-term demand outlook for NVIDIA’s platforms. BlackRock’s Larry Fink discusses AI power demand
- Positive Sentiment: NVIDIA’s Spectrum-X co-packaged-optics switches have entered mass production, adding another potential growth driver as data-center operators expand high-speed networking capacity. Analysts also expect strong results at the company’s August 26 earnings report. Nvidia Spectrum-X switches enter mass production
- Neutral Sentiment: The financing strategy is attracting substantial institutional support, but individual fund managers remain divided: some increased NVIDIA positions while others sold shares or bought puts. This signals continued disagreement over how much future AI growth is already reflected in the valuation. Billionaires’ differing NVIDIA trades
- Negative Sentiment: Investors are questioning the risk of NVIDIA financing data centers that are expected to purchase NVIDIA equipment. Critics characterize this as a circular financing structure that could increase credit exposure and make reported AI demand harder to evaluate. The stock’s elevated valuation leaves less room for execution disappointments. NVIDIA’s circular financing structure
NVIDIA Stock Down 0.1%
Shares of NVDA opened at $225.01 on Tuesday. The business's fifty day moving average price is $206.47 and its two-hundred day moving average price is $198.85. The firm has a market capitalization of $5.45 trillion, a price-to-earnings ratio of 34.46, a PEG ratio of 0.44 and a beta of 2.23. NVIDIA Corporation has a 52 week low of $164.07 and a 52 week 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 - Get Free Report) last released its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company had revenue of $81.61 billion during the quarter, compared to the consensus estimate of $78.42 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The firm's quarterly revenue was up 85.2% on a year-over-year basis. On average, analysts predict that NVIDIA Corporation will post 8.79 earnings per share for the current year.
NVIDIA announced that its board has approved a share repurchase program on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
NVIDIA Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.4%. This is an increase from NVIDIA's previous quarterly dividend of $0.01. NVIDIA's dividend payout ratio (DPR) is presently 15.31%.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the company's stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 885,000 shares of the firm's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the transaction, the director directly owned 5,207,271 shares in the company, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,901,125 shares of company stock worth $410,583,015. Company insiders own 3.94% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently commented on NVDA. DA Davidson restated a "buy" rating and issued a $300.00 target price on shares of NVIDIA in a research note on Monday, June 1st. Benchmark reiterated a "buy" rating and set a $335.00 target price (up from $250.00) on shares of NVIDIA in a research report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $265.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, May 21st. Wolfe Research restated an "outperform" rating and issued a $275.00 price target on shares of NVIDIA in a research report on Thursday, May 21st. Finally, TD Cowen reaffirmed a "buy" rating and set a $275.00 price objective (up from $235.00) on shares of NVIDIA in a research note on Friday, May 15th. Three research 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $305.94.
Get Our Latest Stock Analysis on NVIDIA
About NVIDIA
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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