Duncker Streett & Co. Inc. Sells 11,066 Shares of NVIDIA Corporation $NVDA

Key Points

• Duncker Streett & Co. Inc. reduced its NVIDIA stake by 11.8% in Q1, selling 11,066 shares and ending the quarter with 82,699 shares valued at about $14.4 million.
• NVIDIA continues to post strong fundamentals, with the latest quarterly results beating expectations on both earnings per share and revenue, while revenue jumped 85.2% year over year.
• The company also boosted shareholder returns by raising its quarterly dividend to $0.25 and authorizing an $80 billion stock repurchase program, signaling management confidence in the stock.

Duncker Streett & Co. Inc. cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,699 shares of the computer hardware maker's stock after selling 11,066 shares during the quarter. NVIDIA makes up approximately 2.7% of Duncker Streett & Co. Inc.'s portfolio, making the stock its 8th biggest position. Duncker Streett & Co. Inc.'s holdings in NVIDIA were worth $14,423,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NVDA. State Street Corp grew its stake 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 in the last quarter. Geode Capital Management LLC lifted its holdings in NVIDIA by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker's stock worth $109,446,217,000 after buying an additional 3,383,441 shares during the last quarter. Norges Bank purchased a new stake in NVIDIA during the 4th quarter worth about $62,244,133,000. Bank of America Corp DE boosted its position in shares of NVIDIA by 1.5% during 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 acquiring an additional 2,849,678 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of NVIDIA by 1.5% during 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 acquiring an additional 2,609,560 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NVDA opened at $202.81 on Friday. 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 Corporation has a fifty-two week low of $164.07 and a fifty-two week high of $236.54. The firm has a 50-day simple moving average of $209.63 and a 200-day simple moving average of $195.10. The company has a market capitalization of $4.91 trillion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 0.46 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm had revenue of $81.61 billion during the quarter, compared to the consensus estimate of $78.42 billion. During the same period in the prior year, the business earned $0.81 EPS. The firm's revenue was up 85.2% compared to the same quarter last year. On average, equities research analysts anticipate that NVIDIA Corporation will post 8.81 earnings per share for the current year.

NVIDIA Increases Dividend

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

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

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA expanded its AI footprint in Japan with new partnerships across robotics, manufacturing, and public-sector infrastructure, including a national AI infrastructure initiative and the launch of Cosmos 3 Edge and Nemotron-based local AI projects. These moves reinforce NVDA’s role as the core platform for physical AI and could support long-term demand. Japan Government, Industrial Leaders and NVIDIA Launch the World's First National AI Infrastructure
• Positive Sentiment: Multiple analysts raised earnings estimates for NVIDIA, with KeyCorp and Erste Group boosting forecasts and maintaining bullish ratings/price targets. That suggests Wall Street still sees strong profit growth ahead.
• Positive Sentiment: TSMC reported strong AI-driven demand, which is a positive read-through for NVIDIA’s supply chain and ongoing chip demand. TSMC Just Announced Fantastic News for Nvidia Shareholders
• Neutral Sentiment: Apple briefly overtook NVIDIA as the world’s most valuable company, highlighting a rotation in mega-cap leadership and renewed investor doubts about how much AI upside is already priced into NVDA. Apple dethrones Nvidia as world's most valuable company, ending the chipmaker's long run at the top
• Neutral Sentiment: Several articles point to a broader semiconductor sell-off and “sell the news” behavior in AI and chip stocks, which appears to be pressuring NVDA along with peers rather than reflecting a company-specific setback. Why Nvidia stock is down around 2.5% on Thursday
• Negative Sentiment: Market commentary from Jim Cramer and other bearish notes on semiconductors suggest some investors are rotating out of chip stocks, adding near-term pressure to NVDA sentiment. Jim Cramer Says Semiconductor Stocks Are “Going Down.” Buy These 2 Dividend Stocks Instead

Analysts Set New Price Targets

NVDA has been the subject of a number of research analyst reports. China Renaissance started coverage on NVIDIA in a report on Friday, June 5th. They issued a "buy" rating and a $319.00 price target for the company. Citic Securities raised their price objective on shares of NVIDIA from $242.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, May 22nd. Stifel Nicolaus set a $282.00 price target on shares of NVIDIA and gave the stock a "buy" rating in a research note on Thursday, May 21st. The Goldman Sachs Group reissued a "buy" rating and issued a $285.00 price target (up from $250.00) on shares of NVIDIA in a research report on Wednesday, May 20th. Finally, CICC Research upped their price objective on shares of NVIDIA from $240.60 to $268.30 and gave the company an "outperform" rating in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $304.26.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 625 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total value of $133,750.00. Following the completion of the sale, the director owned 14,163 shares in the company, valued at approximately $3,030,882. This trade represents a 4.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the 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 transaction, the director directly owned 116,135 shares of the company's stock, valued at $25,053,803.55. This represents a 11.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,901,125 shares of company stock valued at $410,583,015. 3.94% of the stock is owned by company insiders.

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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