Evolve Private Wealth LLC Has $49.22 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Evolve Private Wealth LLC increased its NVIDIA stake by 12.8% in the first quarter, buying 32,021 more shares and lifting its total position to 282,233 shares worth about $49.22 million.
• NVIDIA continues to draw strong institutional interest, with hedge funds and other investors holding 65.27% of the company’s stock despite some recent insider selling.
• The company posted a strong quarter, beating earnings and revenue estimates, while analysts remain largely bullish with an average rating of Buy and an average price target of $303.84.

Evolve Private Wealth LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 282,233 shares of the computer hardware maker's stock after purchasing an additional 32,021 shares during the quarter. NVIDIA comprises about 2.6% of Evolve Private Wealth LLC's investment portfolio, making the stock its 3rd largest holding. Evolve Private Wealth LLC's holdings in NVIDIA were worth $49,221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NVDA. Brighton Jones LLC grew its holdings in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG boosted its position in shares of NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE grew its holdings in shares of NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after buying an additional 3,653 shares during the period. Hudson Value Partners LLC increased its position in shares of NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after buying an additional 11,900 shares in the last quarter. Finally, Wealth Group Ltd. raised its stake in NVIDIA by 15.7% during the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock worth $715,000 after buying an additional 896 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Micron’s strong earnings and commentary around booming AI infrastructure spending are lifting the broader chip sector, supporting the view that NVIDIA’s data-center demand remains robust. Why Is NVIDIA Stock Gaining Thursday?
• Positive Sentiment: Analysts continue to frame NVIDIA as a core AI leader, with bullish notes citing strong revenue growth, healthy margins, and continued hyperscaler demand for Blackwell and other AI products. NVIDIA: AI Dominance With More Room To Run
• Positive Sentiment: NVIDIA also has company-specific support from its expanding AI ecosystem, including new partnerships and use cases in life sciences, robotics, and energy-related data center applications. Tecan Accelerates Data-Driven Lab Journey With Agentic AI Developments Powered by NVIDIA
• Neutral Sentiment: The company’s strong latest quarter still provides a solid backdrop, with NVIDIA beating EPS and revenue estimates and reporting sharp year-over-year growth, reinforcing its fundamental strength.
• Negative Sentiment: Competition is getting louder, with Qualcomm and other rivals pushing harder into AI data centers, which is pressuring sentiment around NVIDIA’s long-term pricing power and software moat. Qualcomm’s $4B AI Deal Takes Aim at NVIDIA’s Software Moat
• Negative Sentiment: There is also fresh headline risk from a lower analyst price target and insider share sales, which can add caution when the stock is already trading near a high valuation. MarketScreener
• Negative Sentiment: Broader AI-chip skepticism and reports of intensifying competition in chips are also weighing on sentiment, helping explain why NVIDIA is not fully participating in the semiconductor rally. Why Nvidia stock isn't joining the Micron-led surge today

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent analyst reports. Piper Sandler restated an "overweight" rating on shares of NVIDIA in a report on Thursday, February 26th. DA Davidson reissued a "buy" rating and set a $300.00 target price on shares of NVIDIA in a research note on Monday, June 1st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $350.00 price target on shares of NVIDIA in a research note on Thursday, May 21st. UBS Group raised their price objective on shares of NVIDIA from $275.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Finally, Itau BBA Securities cut their price objective on shares of NVIDIA from $256.00 to $218.00 in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $303.84.

NVIDIA Trading Down 1.6%

Shares of NASDAQ:NVDA opened at $195.74 on Friday. The company's 50-day moving average price is $210.79 and its two-hundred day moving average price is $193.00. 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 current ratio of 3.44 and a quick ratio of 2.85. The stock has a market capitalization of $4.74 trillion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 0.44 and a beta of 2.22.

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

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 4th. This is a boost from NVIDIA's previous quarterly dividend of $0.01. NVIDIA's payout ratio is currently 15.31%.

NVIDIA announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 20th that permits the company to buyback $80.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 885,000 shares of the company's stock in a transaction on Thursday, June 18th. The shares were 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 approximately $1,094,412,146.07. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen C. Neal sold 15,500 shares of the company's stock in a transaction 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 sale, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,901,125 shares of company stock valued at $410,583,015. 3.94% of the stock is owned by corporate insiders.

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.

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