Cardano Risk Management B.V. Cuts Stake in NVIDIA Corporation $NVDA

Key Points

• Cardano Risk Management B.V. sharply reduced its NVIDIA stake by 89.7% in the first quarter, though NVIDIA remained its largest holding at about 13.8% of the portfolio.
• NVIDIA continues to draw strong institutional and analyst support, with analysts mostly rating the stock a Buy and a consensus price target of about $303.84.
• The company reported better-than-expected earnings and revenue for the latest quarter, and its board approved an $80 billion share repurchase program while also boosting the quarterly dividend from $0.01 to $0.25 per share.

Cardano Risk Management B.V. trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 89.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,074,438 shares of the computer hardware maker's stock after selling 70,049,522 shares during the quarter. NVIDIA makes up about 13.8% of Cardano Risk Management B.V.'s portfolio, making the stock its biggest position. Cardano Risk Management B.V.'s holdings in NVIDIA were worth $1,408,181,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. State Street Corp lifted its position in shares of NVIDIA by 1.2% during the fourth 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 last quarter. Geode Capital Management LLC boosted its stake in shares of NVIDIA by 0.6% during 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 purchasing an additional 3,383,441 shares during the period. Norges Bank bought a new position in shares of NVIDIA in the fourth quarter worth about $62,244,133,000. Bank of America Corp DE increased its stake in NVIDIA by 1.5% in the 4th quarter. Bank of America Corp DE now owns 187,181,484 shares of the computer hardware maker's stock worth $34,909,347,000 after buying an additional 2,849,678 shares during the period. Finally, Legal & General Group Plc increased its stake in NVIDIA by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock worth $33,808,862,000 after buying an additional 2,609,560 shares during the period. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Stephen C. Neal sold 15,500 shares of the business's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the transaction, the director directly owned 116,135 shares of the company's stock, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 625 shares of the company's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total value of $133,750.00. Following the sale, the director owned 14,163 shares of the company's stock, valued at $3,030,882. This trade represents a 4.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,901,125 shares of company stock worth $410,583,015 over the last 90 days. Company insiders own 3.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NVDA shares. China Renaissance started coverage on shares of NVIDIA in a research report on Friday, June 5th. They issued a "buy" rating and a $319.00 price objective for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NVIDIA in a research report on Friday, April 10th. Benchmark reaffirmed a "buy" rating and set a $335.00 price target (up from $250.00) on shares of NVIDIA in a research note on Thursday, May 21st. New Street Research lowered their price target on NVIDIA from $343.00 to $340.00 in a report on Thursday, May 21st. Finally, BNP Paribas Exane increased their price objective on NVIDIA from $270.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, NVIDIA currently has an average rating of "Buy" and a consensus target price of $303.84.

NVIDIA Trading Up 2.6%

NASDAQ NVDA opened at $200.09 on Wednesday. NVIDIA Corporation has a one year low of $151.49 and a one 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. The company has a market capitalization of $4.84 trillion, a price-to-earnings ratio of 30.64, a price-to-earnings-growth ratio of 0.43 and a beta of 2.22. The company's 50-day simple moving average is $210.57 and its two-hundred day simple moving average is $193.24.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm had revenue of $81.61 billion during the quarter, compared to analysts' expectations of $78.42 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The company's revenue was up 85.2% compared to the same quarter last year. Equities analysts forecast that NVIDIA Corporation will post 8.69 EPS for the current fiscal year.

NVIDIA announced that its board has authorized a share repurchase plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

NVIDIA Increases Dividend

The business also recently announced 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. This is an increase 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 was Thursday, June 4th. NVIDIA's dividend payout ratio (DPR) is currently 15.31%.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA continues to get bullish coverage tied to AI infrastructure growth, with multiple articles highlighting strong revenue trends, upbeat analyst ratings, and price targets that still imply meaningful upside. Article Title
• Positive Sentiment: Palantir and NVIDIA announced a sovereign AI partnership for U.S. government and infrastructure customers, reinforcing demand for NVIDIA’s chips and Nemotron models in secure enterprise and public-sector deployments. Article Title
• Positive Sentiment: Articles also pointed to NVIDIA’s expansion into robotics, physical AI, and next-generation data-center infrastructure, which supports the idea that the company can keep growing beyond its core GPU business. Article Title
• Positive Sentiment: Bernstein reiterated an outperform view, and several reports noted strong institutional and analyst support, suggesting Wall Street still sees NVIDIA as a leader in AI compute demand. Article Title
• Neutral Sentiment: Some articles framed NVIDIA as a “summer swoon” or “underperformance” story versus the broader chip sector, but these pieces largely focused on sentiment and relative performance rather than a new fundamental problem. Article Title
• Neutral Sentiment: Coverage of insider selling and market-cap declines in the Magnificent Seven may weigh on sentiment, but the selling appears to be more about portfolio rotation and pre-planned transactions than a direct business warning. Article Title
• Negative Sentiment: NVIDIA has lagged chip peers this year, and several articles emphasized that the stock has fallen behind the semiconductor rally, raising concerns that expectations may be cooling after a huge AI run-up. Article Title
• Negative Sentiment: Competition remains a recurring concern, with pieces highlighting AMD’s push into data-center AI infrastructure and TSMC being favored by some analysts as the better near-term semiconductor pick. Article Title
• Negative Sentiment: Some commentary flagged a bearish technical setup and a negative short-term trend, which may be contributing to today’s weakness despite the strong long-term AI narrative. Article Title

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.

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