Chicago Capital LLC Reduces Stock Position in NVIDIA Corporation $NVDA

Key Points

• Chicago Capital LLC trimmed its NVIDIA stake by 0.7%, selling 5,694 shares to hold 795,638 shares (about $148.4M), with NVDA representing roughly 3.7% of the firm's assets and its fourth-largest position.
• Insider selling has been significant: EVP Ajay K. Puri sold 300,000 shares (~$54.7M) and CFO Colette Kress sold 42,650 shares, with insiders offloading 906,336 shares (~$162.8M) over the past 90 days.
• Positive analyst and market backdrop: NVIDIA beat quarterly expectations (EPS $1.62 vs. $1.54; revenue $68.13B), analysts have raised price targets (consensus $275.25), and a multiyear partnership with Corning plus other ecosystem deals signal continued strong GPU demand.

Chicago Capital LLC decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 795,638 shares of the computer hardware maker's stock after selling 5,694 shares during the period. NVIDIA makes up approximately 3.7% of Chicago Capital LLC's holdings, making the stock its 4th biggest position. Chicago Capital LLC's holdings in NVIDIA were worth $148,386,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NVDA. Longfellow Investment Management Co. LLC boosted its stake in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new position in NVIDIA during the 2nd quarter valued at about $40,000. Sellwood Investment Partners LLC bought a new position in NVIDIA during the 3rd quarter valued at about $50,000. Networth Advisors LLC bought a new position in NVIDIA during the 4th quarter valued at about $51,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new position in NVIDIA during the 2nd quarter valued at about $54,000. Institutional investors own 65.27% of the company's stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Major strategic deal with Corning: NVIDIA agreed to a large, multiyear partnership and a $500M warrant-style capital injection to scale U.S. optical connectivity capacity (three new factories). That reduces a key infrastructure bottleneck for hyperscale GPU clusters and de‑risks NVDA’s supply chain for high‑bandwidth systems. NVIDIA and Corning Announce Long-Term Partnership
• Positive Sentiment: Market tailwind: Nasdaq and S&P 500 hit new highs on easing geopolitical risk and lower oil, lifting demand sentiment for high‑beta AI leaders like NVDA and supporting broader buying. Nasdaq, S&P 500 Hit New Highs as Iran Deal Prospects Brighten
• Positive Sentiment: Strong ecosystem demand signals: Anthropic’s deal to tap SpaceX compute (access to >220,000 NVIDIA GPUs) and infrastructure deals being signed to NVIDIA specs point to near‑term capacity tightness and continued GPU pull through across cloud/AI providers. These deals imply sustained demand for NVDA hardware and software stack. Anthropic Secures SpaceX Compute Ahead of June IPO
• Positive Sentiment: Ecosystem wins & dedicated buildouts: A reported $9.8B AI lease for a data‑center campus built to NVIDIA specs signals hyperscaler/private cloud customers are locking capacity tailored for NVIDIA architecture — another demand confirmation for future GPU sales. Hut 8 Shares Rise 30% on $9.8B AI Lease
• Positive Sentiment: Analyst/positioning support: Banks and institutions have been raising targets and adding exposure to NVDA, which can amplify rallies and reduce seller concentration into news-driven moves. DBS Bank Raises PT on NVIDIA
• Neutral Sentiment: Macro/earnings context: U.S. corporate earnings aggregates are near record quarterly levels, supporting a favorable backdrop for tech profits — helpful but not NVDA‑specific. Record Earnings Expected in 2026 Q1
• Negative Sentiment: Competitive and structural risks: Google pushing TPUs direct to customers and broader chip‑packaging/EMIB discussions highlight longer‑term competitive threats and architectural alternatives that could erode some of NVIDIA’s market share or margin premium over time. Google Moves to Sell TPUs Directly
• Negative Sentiment: Short‑term sentiment risk: Prediction markets and some commentators show bearish positioning into month‑end or near earnings, meaning momentum reversals are possible if guidance or supply commentary disappoints (NVDA reports next earnings in May). Crypto markets predict Nvidia stock price for May 31, 2026

Analysts Set New Price Targets

Several research firms have issued reports on NVDA. Benchmark restated a "buy" rating and set a $250.00 target price on shares of NVIDIA in a research note on Tuesday, March 31st. Rothschild & Co Redburn upped their target price on shares of NVIDIA from $245.00 to $268.00 and gave the company a "buy" rating in a research note on Thursday, January 15th. Truist Financial upped their target price on shares of NVIDIA from $283.00 to $287.00 and gave the company a "buy" rating in a research note on Wednesday, March 18th. JPMorgan Chase & Co. upped their target price on shares of NVIDIA from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Thursday, February 26th. Finally, Tigress Financial restated a "strong-buy" rating and set a $360.00 target price (up from $350.00) on shares of NVIDIA in a research note on Thursday, March 5th. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $275.25.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 300,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total value of $54,675,000.00. Following the completion of the sale, the executive vice president directly owned 3,018,547 shares of the company's stock, valued at approximately $550,130,190.75. This represents a 9.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 42,650 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $7,459,058.50. Following the completion of the sale, the chief financial officer directly owned 881,387 shares of the company's stock, valued at $154,145,772.43. This represents a 4.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 906,336 shares of company stock worth $162,802,518. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $208.20 on Thursday. The firm's 50 day moving average price is $187.21 and its 200-day moving average price is $186.49. NVIDIA Corporation has a twelve month low of $112.28 and a twelve month high of $216.82. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $5.06 trillion, a PE ratio of 42.49, a price-to-earnings-growth ratio of 0.65 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The firm had revenue of $68.13 billion for the quarter, compared to analysts' expectations of $65.56 billion. During the same quarter in the prior year, the business earned $0.89 EPS. The business's quarterly revenue was up 73.2% on a year-over-year basis. Equities research analysts expect that NVIDIA Corporation will post 7.78 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Wednesday, March 11th. NVIDIA's dividend payout ratio is 0.82%.

About NVIDIA

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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