Beacon Financial Group Increases Stock Position in NVIDIA Corporation $NVDA

Beacon Financial Group increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,580 shares of the computer hardware maker's stock after buying an additional 3,225 shares during the quarter. NVIDIA comprises about 1.7% of Beacon Financial Group's investment portfolio, making the stock its 13th biggest position. Beacon Financial Group's holdings in NVIDIA were worth $18,524,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of NVIDIA by 1.2% during the 4th quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker's stock worth $184,911,111,000 after purchasing an additional 11,451,386 shares during the period. Geode Capital Management LLC raised its holdings in NVIDIA by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker's stock valued at $109,446,217,000 after buying an additional 3,383,441 shares during the period. Norges Bank purchased a new position in NVIDIA in the fourth quarter valued at approximately $62,244,133,000. Bank of America Corp DE lifted its position in NVIDIA by 2.1% during the first quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker's stock valued at $33,345,453,000 after buying an additional 4,019,505 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in NVIDIA by 1.5% during the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock valued at $33,808,862,000 after buying an additional 2,609,560 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several recent research reports. Seaport Research Partners increased their price objective on shares of NVIDIA from $140.00 to $180.00 and gave the stock a "sell" rating in a research report on Thursday, May 21st. Needham & Company LLC lifted their target price on shares of NVIDIA from $270.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, August 27th. Argus upped their price target on shares of NVIDIA from $220.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. The Goldman Sachs Group reiterated a "neutral" rating and issued a $300.00 price target (up from $285.00) on shares of NVIDIA in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of NVIDIA in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $324.23.

Insider Activity at NVIDIA

In other news, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction that occurred on 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 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 885,000 shares of the firm'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. The trade was a 14.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,400,500 shares of company stock worth $299,259,265 over the last 90 days. 3.94% of the stock is owned by company insiders.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA announced a $3.5 billion investment in MediaTek and expanded their partnership across data-center, edge-computing and automotive AI. MediaTek will adopt NVIDIA’s NVLink Fusion technology to develop custom chips that can connect to NVIDIA-based AI systems, potentially broadening NVIDIA’s platform and ecosystem reach. NVIDIA MediaTek partnership
• Positive Sentiment: Anthropic reportedly signed a $35 billion cloud agreement backed by NVIDIA, reinforcing demand for NVIDIA-powered AI infrastructure and supporting the broader investment case for continued hyperscaler and AI-cloud spending. Anthropic cloud deal
• Positive Sentiment: Analysts raised price targets while retaining Buy ratings, including China Renaissance at $330 and Phillip Securities at $300. Recent commentary highlights NVIDIA’s strong cash generation, integrated AI platform and management’s expectation for roughly 70% revenue growth in fiscal 2028. China Renaissance price target
• Positive Sentiment: ARK Invest, led by Cathie Wood, purchased approximately $53 million of NVIDIA stock following the earnings-related selloff, providing a notable vote of confidence from a prominent growth investor. ARK Invest NVIDIA purchase
• Neutral Sentiment: NVIDIA’s exceptional demand is exposing supply-chain bottlenecks in memory, networking, optical components, power and copper. Higher input costs and supply commitments could pressure gross margins even as they signal that customer demand remains ahead of available capacity.
• Neutral Sentiment: Broadcom’s VMware Cloud Foundation validated NVIDIA’s Nemotron models for private-cloud deployment, supporting enterprise adoption and data-sovereignty use cases, though the announcement provided no specific customer or revenue figures. AI models validated on VMware Cloud Foundation
• Negative Sentiment: A reported NVIDIA program designed to participate in cloud profits from chips it had already sold was paused after internal concerns about potential antitrust exposure, highlighting regulatory risk around NVIDIA’s growing influence over AI infrastructure. NVIDIA cloud revenue program
• Negative Sentiment: Investors also face risks from a possible September market pullback, elevated valuation expectations, insider selling and emerging competition from custom AI chips, including reports of an OpenAI-designed processor.

NVIDIA Price Performance

Shares of NVDA stock opened at $220.60 on Tuesday. The firm has a fifty day simple moving average of $208.33 and a 200-day simple moving average of $201.08. The company has a market capitalization of $5.32 trillion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.71 and a beta of 2.23. NVIDIA Corporation has a twelve month low of $164.07 and a twelve month high of $236.54. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm's revenue for the quarter was up 105.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 EPS. Equities research analysts anticipate that NVIDIA Corporation will post 9.1 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is 12.64%.

NVIDIA declared that its Board of Directors has approved a stock repurchase program 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 reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source