Johnson Investment Counsel Inc. Raises Stock Position in NVIDIA Corporation $NVDA

Johnson Investment Counsel Inc. grew its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 45.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 649,775 shares of the computer hardware maker's stock after purchasing an additional 203,402 shares during the quarter. NVIDIA comprises about 0.9% of Johnson Investment Counsel Inc.'s holdings, making the stock its 25th biggest holding. Johnson Investment Counsel Inc.'s holdings in NVIDIA were worth $130,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. GKV Capital Management Co. Inc. lifted its position in shares of NVIDIA by 0.3% in the 2nd quarter. GKV Capital Management Co. Inc. now owns 192,805 shares of the computer hardware maker's stock worth $38,578,000 after purchasing an additional 601 shares during the period. Wealth Architects LLC increased its position in shares of NVIDIA by 9.8% during the second quarter. Wealth Architects LLC now owns 30,055 shares of the computer hardware maker's stock valued at $6,014,000 after buying an additional 2,686 shares during the period. Anchyra Partners LLC increased its position in shares of NVIDIA by 1.7% during the second quarter. Anchyra Partners LLC now owns 129,693 shares of the computer hardware maker's stock valued at $25,950,000 after buying an additional 2,156 shares during the period. Bayshore Asset Management LLC raised its stake in NVIDIA by 1.7% in the second quarter. Bayshore Asset Management LLC now owns 5,310 shares of the computer hardware maker's stock worth $1,062,000 after buying an additional 89 shares in the last quarter. Finally, J. M. Brown & Associates Inc. purchased a new stake in NVIDIA in the second quarter worth about $4,554,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NVDA shares. Bank of America reaffirmed a "buy" rating and set a $350.00 price objective (up from $320.00) on shares of NVIDIA in a research report on Thursday, May 21st. President Capital increased their target price on NVIDIA from $295.00 to $330.00 in a research report on Thursday, August 27th. Sanford C. Bernstein restated an "outperform" rating and issued a $400.00 target price (up from $315.00) on shares of NVIDIA in a research note on Thursday, August 27th. Citic Securities lifted their price target on NVIDIA from $242.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, May 22nd. Finally, Evercore set a $465.00 price target on NVIDIA and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, NVIDIA presently has an average rating of "Buy" and a consensus price target of $324.34.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: CEO Jensen Huang publicly rejected the idea of an AI slowdown and told President Donald Trump that NVIDIA would not allow one to happen. Trump also criticized opposition to new data centers, signaling continued political support for AI infrastructure investment. NVIDIA CEO Jensen Huang tells Trump about AI slowdown
• Positive Sentiment: NVIDIA’s underlying demand story remains strong: recent earnings showed revenue growth of more than 100%, while management has indicated that supply—not customer demand—is limiting expansion. Analysts continue to view NVIDIA favorably relative to other AI infrastructure companies because of its faster growth, strong margins and lower leverage. NVIDIA versus Marvell AI infrastructure comparison
• Positive Sentiment: The company expanded its open-source CUDA-Q platform with CUDA-Q Logical, which connects GPUs with quantum processors and could generate longer-term demand for NVIDIA accelerated-computing and networking systems. Fermilab reportedly reduced a fault-tolerant design cycle from five months to three weeks using the platform. NVIDIA expands CUDA-Q for quantum computing
• Neutral Sentiment: NVIDIA is reportedly considering a large investment in Anthropic and continues to pursue strategic investments across AI infrastructure. Such moves could strengthen ecosystem demand, but the Anthropic investment has not been presented as a finalized transaction. NVIDIA investment discussions involving Anthropic
• Negative Sentiment: Anthropic, OpenAI and other AI executives have called for a more measured pace of frontier-model development. Investors interpreted those comments as a potential threat to hyperscaler capital spending, GPU demand and the pace of data-center expansion, pressuring NVDA and peer chip stocks. NVIDIA stock and AI slowdown concerns
• Negative Sentiment: Management expects higher memory costs to weigh on gross margins, while NVIDIA’s reliance on a relatively small number of major customers creates concentration risk. These concerns make the stock vulnerable to profit-taking when AI spending expectations soften.

Insider Activity

In related news, Director Mark A. Stevens sold 885,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 5,207,271 shares of the company's stock, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy S. Teter sold 30,000 shares of the business's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $217.88, for a total transaction of $6,536,400.00. Following the completion of the transaction, the executive vice president owned 2,687,660 shares of the company's stock, valued at approximately $585,587,360.80. The trade was a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,585,740 shares of company stock valued at $571,015,527 over the last ninety days. Corporate insiders own 3.94% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $210.96 on Tuesday. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $236.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. The business has a fifty day moving average price of $213.60 and a 200-day moving average price of $203.54. The company has a market capitalization of $5.08 trillion, a PE ratio of 26.67, a PEG ratio of 1.71 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. NVIDIA's revenue was up 105.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 EPS. As a group, equities analysts expect that NVIDIA Corporation will post 9.12 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA's payout ratio is 12.64%.

NVIDIA announced that its board has approved a share buyback program on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

About NVIDIA

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

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