Eastern Bank Purchases 27,545 Shares of NVIDIA Corporation $NVDA

Key Points

• Eastern Bank increased its NVIDIA stake by 1.8%, buying 27,545 shares to reach 1,574,822 shares valued at approximately $315.1 million. NVIDIA represents 4.8% of the bank’s portfolio, while institutional investors and hedge funds collectively own 65.27% of the stock.
• NVIDIA reported stronger-than-expected quarterly results, with $1.87 in earnings per share and $81.61 billion in revenue, up 85.2% year over year. The company also authorized an $80 billion share-repurchase plan and raised its quarterly dividend to $0.25.
• Analysts remain broadly bullish, with NVIDIA holding an average “Buy” rating and a consensus price target of $305.94. However, investors face risks tied to GPU depreciation, potential oversupply and financing arrangements ahead of the company’s upcoming earnings report.

Eastern Bank raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,574,822 shares of the computer hardware maker's stock after acquiring an additional 27,545 shares during the period. NVIDIA makes up 4.8% of Eastern Bank's portfolio, making the stock its 2nd biggest position. Eastern Bank's holdings in NVIDIA were worth $315,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in NVIDIA during the 4th quarter worth approximately $62,244,133,000. J. Stern & Co. LLP lifted its position in NVIDIA by 13,709.1% during the fourth quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock valued at $23,454,297,000 after buying an additional 124,849,603 shares in the last quarter. Cardano Risk Management B.V. grew its stake in NVIDIA by 896.4% during the fourth quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker's stock worth $14,570,119,000 after buying an additional 70,283,539 shares during the period. Capital Research Global Investors grew its stake in NVIDIA by 16.1% during the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock worth $30,855,564,000 after buying an additional 22,896,705 shares during the period. Finally, Laurel Wealth Advisors LLC increased its position in shares of NVIDIA by 15,496.1% in the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker's stock worth $3,454,534,000 after acquiring an additional 21,725,326 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Up 3.0%

NASDAQ NVDA opened at $224.09 on Thursday. The company has a market capitalization of $5.42 trillion, a price-to-earnings ratio of 34.32, a price-to-earnings-growth ratio of 0.42 and a beta of 2.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. NVIDIA Corporation has a 12 month low of $164.07 and a 12 month high of $236.54. The company's fifty day moving average price is $205.61 and its two-hundred day moving average price is $198.06.

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 the consensus estimate of $1.76 by $0.11. The company had revenue of $81.61 billion during the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company's revenue was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 EPS. As a group, research analysts predict that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

NVIDIA announced that its board has authorized a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

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 issued a $0.25 dividend. This is an increase from NVIDIA's previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 4th. NVIDIA's dividend payout ratio is presently 15.31%.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the transaction, the director owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen C. Neal sold 15,500 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the sale, the director owned 116,135 shares of the company's stock, valued at $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,901,125 shares of company stock valued at $410,583,015 over the last three months. 3.94% of the stock is owned by insiders.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: $500 billion financing push reduces funding constraints: Bank of America said the initiative could ease financing risk by shifting much of the capital burden to Wall Street. The plan may make it easier for cloud providers and other customers to purchase NVIDIA hardware, networking products, and software, potentially extending the company’s revenue runway. BofA Says Nvidia’s $500 Billion Plan Eases Financing Risk
• Positive Sentiment: Continued demand for current and older GPUs: Susquehanna expects a continued GB300 ramp ahead of NVIDIA’s Vera Rubin platform release. Separately, CoreWeave’s CEO said the company is booking NVIDIA A100 systems through 2029 at full pricing, challenging concerns that older GPUs will rapidly lose value. Nvidia likely to see continued GB300 ramp ahead of Vera Rubin release
• Positive Sentiment: Analysts remain bullish: Recent coverage includes rating upgrades and price-target increases, with Wells Fargo maintaining an overweight rating and a $315 target. The positive views reflect expectations for sustained AI infrastructure spending and NVIDIA’s end-to-end hardware, networking, and software advantage. SA analyst upgrades and downgrades
• Positive Sentiment: Broader AI ecosystem momentum: IBM and Together AI agreed to a $240 million multiyear contract for an NVIDIA-powered inference cluster, while NVIDIA’s open-weight model efforts could strengthen its software ecosystem and CUDA platform. IBM and Together AI ink $240 million deal
• Negative Sentiment: Financing risks remain a key overhang: Critics question whether the arrangement amounts to circular financing because NVIDIA may provide residual-value support of up to 25% on some deals. Rapid GPU depreciation, potential oversupply, and lower-cost Chinese compute could weaken collateral values and expose NVIDIA to losses if customers struggle.
• Neutral Sentiment: Near-term test: Investors are likely to look to NVIDIA’s late-August earnings report for evidence that GB300 demand, expanding customer spending, and the financing strategy are translating into sustainable revenue and earnings growth.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NVDA shares. Daiwa Securities Group raised their target price on shares of NVIDIA from $215.00 to $255.00 and gave the company an "outperform" rating in a research note on Friday, May 22nd. Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a report on Monday, June 29th. HSBC reissued a "buy" rating and issued a $325.00 price objective (up from $295.00) on shares of NVIDIA in a research report on Tuesday, May 19th. Bank of America reaffirmed a "buy" rating and issued a $350.00 target price (up from $320.00) on shares of NVIDIA in a research report on Thursday, May 21st. Finally, Zacks Research upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Buy" and a consensus target price of $305.94.

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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