GLOBALT Investments LLC GA Lowers Stake in NVIDIA Corporation $NVDA

Key Points

• GLOBALT Investments LLC GA trimmed its NVIDIA stake by 5.3% in the fourth quarter, selling 7,804 shares and leaving it with 140,062 shares worth about $26.1 million.
• Wall Street remains broadly bullish on NVIDIA, with a consensus Buy rating and an average price target of $305.67; several firms recently raised targets as high as $350.
• NVIDIA continues to post strong fundamentals, including a recent earnings beat and a higher quarterly dividend, while the board also authorized an $80 billion share buyback.

GLOBALT Investments LLC GA decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 140,062 shares of the computer hardware maker's stock after selling 7,804 shares during the period. NVIDIA makes up approximately 1.0% of GLOBALT Investments LLC GA's investment portfolio, making the stock its 23rd largest position. GLOBALT Investments LLC GA's holdings in NVIDIA were worth $26,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Joule Financial LLC lifted its position in NVIDIA by 2.2% in the 3rd quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker's stock valued at $431,000 after purchasing an additional 50 shares during the last quarter. Vision Financial Markets LLC grew its stake in shares of NVIDIA by 1.2% during the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker's stock worth $866,000 after acquiring an additional 53 shares in the last quarter. Presidio Capital Management LLC boosted its holdings in shares of NVIDIA by 0.4% in the 4th quarter. Presidio Capital Management LLC now owns 15,137 shares of the computer hardware maker's stock valued at $2,823,000 after buying an additional 53 shares during the last quarter. LMG Wealth Partners LLC grew its position in NVIDIA by 0.7% in the fourth quarter. LMG Wealth Partners LLC now owns 7,649 shares of the computer hardware maker's stock valued at $1,427,000 after acquiring an additional 53 shares during the last quarter. Finally, IMG Wealth Management Inc. grew its stake in NVIDIA by 1.4% in the 3rd quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker's stock valued at $713,000 after purchasing an additional 54 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent research reports. Fundamental Research set a $218.00 price objective on NVIDIA in a research note on Thursday, February 26th. Oppenheimer reiterated an "outperform" rating and set a $265.00 price objective on shares of NVIDIA in a research report on Thursday, February 26th. BNP Paribas Exane boosted their price target on NVIDIA from $270.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. Wedbush upped their price objective on NVIDIA from $300.00 to $330.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. Finally, Bank of America reaffirmed a "buy" rating and set a $350.00 target price (up from $320.00) on shares of NVIDIA in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, NVIDIA has a consensus rating of "Buy" and an average target price of $305.67.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 500,000 shares of NVIDIA stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $219.83, for a total value of $109,915,000.00. Following the sale, the director owned 6,399,771 shares of the company's stock, valued at approximately $1,406,861,658.93. The trade was a 7.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the director owned 14,163 shares of the company's stock, valued at approximately $3,030,882. This represents a 4.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,922,461 shares of company stock worth $387,385,083 in the last three months. Company insiders own 3.94% of the company's stock.

NVIDIA Price Performance

NVDA stock opened at $205.10 on Friday. 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 business has a 50 day simple moving average of $203.37 and a 200-day simple moving average of $190.55. The firm has a market capitalization of $4.96 trillion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 0.49 and a beta of 2.22. NVIDIA Corporation has a 1 year low of $140.85 and a 1 year high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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 return on equity of 96.94% and a net margin of 62.97%.The company had revenue of $81.62 billion during the quarter, compared to analyst estimates of $78.42 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The firm's revenue for the quarter was up 85.2% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA Corporation will post 8.61 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

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

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

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA continues to win bullish analyst coverage, with firms like China Renaissance and KeyBanc reiterating optimistic views and high price targets, reinforcing expectations for further upside. China Renaissance rating update
• Positive Sentiment: NVIDIA’s ecosystem is expanding, including a major AI partnership with Taiwan Semiconductor and new collaborations across software, memory, and connectivity, which supports future demand for its AI platforms. Taiwan Semiconductor Manufacturing Signs Major AI Deal With Nvidia
• Positive Sentiment: Jensen Huang’s trip to South Korea has highlighted new growth avenues, including robotics and deeper supplier relationships, adding to NVIDIA’s long-term growth narrative. Nvidia CEO sees robotics as next major sector in South Korea
• Positive Sentiment: Recent commentary says NVIDIA’s Blackwell ramp, CUDA software moat, and AI inference exposure keep the growth story strong, helping investors view pullbacks as buyable. Analyst Picks NVIDIA Over Every Other AI Chip Stock Right Now
• Positive Sentiment: The company’s new PC chip push and RTX Spark product could open another growth lane beyond data centers, even if the market is still digesting the near-term implications. Nvidia's PC Chip Reveal Obscures a Bigger Catalyst for the Stock
• Neutral Sentiment: NVIDIA recently reported strong quarterly results, beat revenue and EPS estimates, and authorized an $80 billion buyback plus a much larger dividend, but those positives are already well known and may be partly priced in. NVIDIA insider trades report
• Negative Sentiment: Broad semiconductor weakness and softer risk appetite after strong jobs data have pressured AI chip stocks, with investors questioning whether the sector’s valuation has gotten ahead of fundamentals. Nvidia stock crashes another 3% today: why Computex failed to spark a rally
• Negative Sentiment: Senator Elizabeth Warren’s invitation for Jensen Huang to testify on China chip sales adds regulatory and export-control overhang around NVIDIA’s business in China. Warren invites Nvidia CEO Jensen Huang to Senate hearing on China AI chip sales
• Negative Sentiment: Director Mark Stevens’ large share sale is also weighing on sentiment, since insider selling can make investors cautious even when the underlying business remains strong. NVIDIA insider trading filing

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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