Hemenway Trust Co LLC Has $72.87 Million Position in NVIDIA Corporation $NVDA

Key Points

• Hemenway Trust Co LLC trimmed its NVIDIA stake by 2.7% in the fourth quarter, but still held 390,723 shares valued at about $72.87 million. NVIDIA remains its second-largest holding and makes up 5.6% of the portfolio.
• NVIDIA reported a strong quarter, with earnings per share of $1.87 and revenue of $81.62 billion, both ahead of analyst expectations. Revenue jumped 85.2% year over year, and analysts now expect full-year EPS of 8.04.
• The company also boosted shareholder returns by raising its quarterly dividend to $0.25 from $0.01 and authorizing an $80 billion share buyback. Meanwhile, analysts remain broadly bullish, with a consensus rating of “Buy” and an average price target of $305.38.

Hemenway Trust Co LLC decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 390,723 shares of the computer hardware maker's stock after selling 11,038 shares during the period. NVIDIA makes up 5.6% of Hemenway Trust Co LLC's portfolio, making the stock its 2nd biggest holding. Hemenway Trust Co LLC's holdings in NVIDIA were worth $72,870,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. State Street Corp boosted its position in shares of NVIDIA by 1.0% during the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock valued at $154,556,803,000 after purchasing an additional 9,554,857 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of NVIDIA by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock valued at $91,150,170,000 after purchasing an additional 8,521,936 shares in the last quarter. Norges Bank bought a new position in shares of NVIDIA during the 2nd quarter valued at about $51,386,863,000. Legal & General Group Plc boosted 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 valued at $33,808,862,000 after purchasing an additional 2,609,560 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in shares of NVIDIA by 16.1% during the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock valued at $30,855,564,000 after purchasing an additional 22,896,705 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NASDAQ NVDA opened at $214.25 on Friday. The company has a 50 day simple moving average of $198.67 and a 200-day simple moving average of $189.55. 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 firm has a market capitalization of $5.18 trillion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 0.51 and a beta of 2.25. NVIDIA Corporation has a 52-week low of $132.92 and a 52-week 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, beating the consensus estimate of $1.76 by $0.11. The firm had revenue of $81.62 billion for the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company's revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 earnings per share. Equities research analysts predict that NVIDIA Corporation will post 8.04 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. This is a boost from NVIDIA's previous quarterly dividend of $0.01. The ex-dividend date is Thursday, June 4th. NVIDIA's dividend payout ratio is presently 0.61%.

NVIDIA announced that its board has initiated a share buyback 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 purchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

NVDA has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $255.00 price objective (up from $220.00) on shares of NVIDIA in a research report on Thursday, May 21st. Tigress Financial reaffirmed a "strong-buy" rating and set a $425.00 price objective (up from $360.00) on shares of NVIDIA in a research note on Wednesday. Daiwa Securities Group upped their price objective 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NVIDIA in a research note on Friday, April 10th. Finally, HSBC reaffirmed a "buy" rating and set a $325.00 price objective (up from $295.00) on shares of NVIDIA in a research note on Tuesday, May 19th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $305.38.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Wall Street analysts remain constructive after earnings, with Truist raising its price target to $307 and Tigress Financial lifting its target to $425, citing NVIDIA’s dominant position in AI hardware and strong growth outlook.
• Positive Sentiment: Management’s Taiwan expansion plan is reinforcing the long-term AI demand story. NVIDIA said it plans to spend about $150 billion a year in Taiwan and build a new headquarters there, underscoring confidence in the supply chain and future production capacity.
• Positive Sentiment: Recent commentary continues to frame NVIDIA as a key beneficiary of the AI infrastructure buildout, with articles pointing to ongoing shortages in memory, networking, and power as evidence that demand for NVIDIA’s Blackwell systems remains very strong.
• Neutral Sentiment: Several articles highlight Jensen Huang’s growing influence and visibility, including reports that he may join the advisory board of Tsinghua University and that he is now among the world’s richest people. These are notable but not direct stock catalysts.
• Neutral Sentiment: A number of pieces focus on broader AI ecosystem developments, including Groq’s fundraising, IREN’s Blackwell purchase, and other semiconductor names benefiting from the AI trade. These reinforce sector momentum but are mostly indirect for NVDA.
• Negative Sentiment: Some investors are worried NVIDIA’s valuation has become stretched and that the AI trade may be crowded, with bearish commentary warning that a lot of good news may already be priced in.
• Negative Sentiment: There are also geopolitical and regulatory concerns, including reports of possible NVIDIA chip smuggling to China via Japan, which could revive scrutiny around export controls and China exposure.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 20,000 shares of NVIDIA stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $3,497,800.00. Following the completion of the sale, the chief financial officer directly owned 83,060 shares in the company, valued at $14,526,363.40. The trade was a 19.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ajay K. Puri sold 300,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total transaction of $54,675,000.00. Following the completion of the sale, the executive vice president owned 3,018,547 shares of the company's stock, valued at $550,130,190.75. This trade represents a 9.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 906,336 shares of company stock valued at $162,802,518. Insiders own 3.94% of the company's stock.

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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