Intact Investment Management Inc. Sells 23,650 Shares of NVIDIA Corporation $NVDA

Key Points

• Intact Investment Management reduced its NVIDIA stake by 22.2% in the fourth quarter, selling 23,650 shares and leaving it with 82,800 shares worth about $15.4 million.
• NVIDIA continues to post strong operating results, including quarterly EPS of $1.87 and revenue of $81.62 billion, both above expectations, with revenue up 85.2% year over year.
• The company’s outlook remains supported by bullish analyst sentiment and major capital returns, including a new $80 billion buyback authorization and a higher quarterly dividend of $0.25 per share.

Intact Investment Management Inc. cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,800 shares of the computer hardware maker's stock after selling 23,650 shares during the quarter. Intact Investment Management Inc.'s holdings in NVIDIA were worth $15,442,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Pachira Investments Inc. lifted its holdings in NVIDIA by 55.6% in the 4th quarter. Pachira Investments Inc. now owns 10,421 shares of the computer hardware maker's stock worth $1,943,000 after purchasing an additional 3,723 shares in the last quarter. RIA Advisory Group LLC lifted its holdings in NVIDIA by 1.3% in the 4th quarter. RIA Advisory Group LLC now owns 40,447 shares of the computer hardware maker's stock worth $7,543,000 after purchasing an additional 508 shares in the last quarter. Summit Wealth & Retirement Planning Inc. lifted its holdings in NVIDIA by 1.6% in the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 11,294 shares of the computer hardware maker's stock worth $2,106,000 after purchasing an additional 173 shares in the last quarter. Core Alternative Capital lifted its holdings in NVIDIA by 225.6% in the 4th quarter. Core Alternative Capital now owns 17,023 shares of the computer hardware maker's stock worth $3,175,000 after purchasing an additional 11,795 shares in the last quarter. Finally, AlphaStar Capital Management LLC lifted its holdings in NVIDIA by 28.6% in the 4th quarter. AlphaStar Capital Management LLC now owns 217,638 shares of the computer hardware maker's stock worth $40,589,000 after purchasing an additional 48,407 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Wall Street turned more constructive, with Tigress Financial raising its price target on NVIDIA to $425 and maintaining a strong-buy rating, while other firms reiterated bullish views on the company’s AI leadership.
• Positive Sentiment: Multiple reports highlighted NVIDIA’s blockbuster quarterly results, including strong data center revenue growth and management commentary that demand for Blackwell, networking, and broader AI infrastructure remains robust.
• Positive Sentiment: Jensen Huang reiterated that NVIDIA is positioned to benefit from the massive build-out of AI factories, and several articles noted the company’s expanding role across cloud, enterprise, and sovereign AI spending.
• Positive Sentiment: NVIDIA’s announced plan to spend heavily in Taiwan, including a new campus and deeper supply-chain investment, was viewed as a vote of confidence in its manufacturing ecosystem and AI demand outlook.
• Neutral Sentiment: Commentary from analysts and media outlets continued to frame NVIDIA as the central winner of the AI buildout, but some articles argued that much of that optimism may already be reflected in the stock price.
• Negative Sentiment: Bearish notes focused on valuation risk, with several pieces warning that NVIDIA is no longer cheap after its big run and that the market may be pricing in very strong future growth already.
• Negative Sentiment: One Reuters report said Taiwan authorities are investigating alleged smuggling of NVIDIA chips to China via Japan, which could add to geopolitical and export-control concerns around the company’s supply chain and China exposure.
• Negative Sentiment: Some investors also remain cautious because insider selling, crowded positioning, and recent pullbacks suggest the stock may be vulnerable to short-term profit-taking despite the strong fundamentals.

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 300,000 shares of the business's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total transaction of $54,675,000.00. Following the transaction, the executive vice president owned 3,018,547 shares of the company's stock, valued at approximately $550,130,190.75. The trade was a 9.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Dabiri sold 3,004 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $184.90, for a total value of $555,439.60. Following the sale, the director owned 14,788 shares in the company, valued at $2,734,301.20. The trade was a 16.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 906,336 shares of company stock worth $162,802,518. Company insiders own 3.94% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on NVDA shares. Wall Street Zen raised NVIDIA from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 23rd. KeyCorp set a $310.00 price target on NVIDIA and gave the stock an "overweight" rating in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $255.00 price target (up from $220.00) on shares of NVIDIA in a report on Thursday, May 21st. Seaport Research Partners boosted their price target on NVIDIA from $140.00 to $180.00 and gave the stock a "sell" rating in a report on Thursday, May 21st. Finally, Oppenheimer reissued an "outperform" rating and issued a $265.00 price target on shares of NVIDIA in a report on Thursday, February 26th. Three 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. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $305.38.

NVIDIA Stock Down 1.1%

Shares of NVDA opened at $212.60 on Thursday. The stock has a market capitalization of $5.14 trillion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 0.52 and a beta of 2.25. NVIDIA Corporation has a 1 year low of $132.92 and a 1 year high of $236.54. The business's 50 day simple moving average is $198.02 and its 200-day simple moving average is $189.36. 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 (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 (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. The business had revenue of $81.62 billion for the quarter, compared to analysts' expectations of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company's revenue for the quarter was up 85.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.81 EPS. As a group, equities analysts expect that NVIDIA Corporation will post 8.04 earnings per share for the current fiscal year.

NVIDIA announced that its board has authorized a stock buyback plan on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

NVIDIA Increases Dividend

The company 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 dividend of $0.25 per share. This is a positive change from NVIDIA's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA's payout ratio is currently 0.61%.

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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