Lewis Asset Management LLC Sells 10,993 Shares of NVIDIA Corporation $NVDA

Key Points

• Lewis Asset Management trimmed its stake in NVIDIA by 10.4%, selling 10,993 shares and leaving 95,147 shares valued at $17.745M, which still represents 7.2% of the fund's portfolio as its largest holding.
• Corporate insiders have been net sellers recently — Director Mark A. Stevens sold 221,682 shares (~$38.5M) and insiders disposed of 1,201,616 shares (~$216M) over the last 90 days; insiders now own 4.17% of the company.
• Analysts remain largely bullish on NVIDIA with a consensus "Buy" rating and a $275.25 target (several firms raising targets toward $300), after the company beat quarterly estimates with $1.62 EPS and $68.13B in revenue.

Lewis Asset Management LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,147 shares of the computer hardware maker's stock after selling 10,993 shares during the quarter. NVIDIA accounts for 7.2% of Lewis Asset Management LLC's investment portfolio, making the stock its biggest position. Lewis Asset Management LLC's holdings in NVIDIA were worth $17,745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in NVIDIA by 1.0% in the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock valued at $154,556,803,000 after acquiring an additional 9,554,857 shares during the last quarter. Geode Capital Management LLC boosted its holdings in NVIDIA by 1.5% in the second 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 acquiring an additional 8,521,936 shares during the last quarter. Norges Bank acquired a new position in NVIDIA in the second quarter valued at $51,386,863,000. Legal & General Group Plc boosted its holdings in NVIDIA by 1.5% in the third 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 acquiring an additional 2,609,560 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in NVIDIA by 16.1% in the third 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 acquiring an additional 22,896,705 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on NVDA shares. Barclays reissued a "buy" rating on shares of NVIDIA in a research report on Thursday, February 26th. Wedbush raised their price objective on NVIDIA from $230.00 to $300.00 and gave the company an "outperform" rating in a research report on Tuesday, March 3rd. Robert W. Baird raised their price objective on NVIDIA from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, February 26th. DA Davidson reissued a "buy" rating and issued a $250.00 price objective on shares of NVIDIA in a research report on Monday, February 23rd. Finally, Evercore reissued an "outperform" rating on shares of NVIDIA in a research report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, NVIDIA currently has a consensus rating of "Buy" and a consensus target price of $275.25.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Hedge funds and technical strategists are highlighting NVDA as a top setup for 2026, suggesting renewed institutional buying that can sustain upside. NVIDIA (NVDA) Among the Hedge Fund Favorites with Strong Setup in 2026
• Positive Sentiment: Several brokerages and media note Nvidia is on a new winning streak and still trades well below its 52‑week high, implying room to run if AI demand re-accelerates. Nvidia's stock is quietly gaining steam — it's on its longest winning streak since 2023
• Positive Sentiment: Strategic capital and partnership activity is expanding Nvidia’s reach: the company is a named backer in high‑growth AI startups and data‑center chip ventures, validating long‑term demand for its GPUs and IP. SiFive raises $400 million from Atreides, Nvidia for data-center chip technology
• Positive Sentiment: Nvidia’s ecosystem involvement is directly pricing into the market: startups backed by or partnered with Nvidia (e.g., Firmus) are seeing large valuations, showing investor appetite for Nvidia‑led AI plays. AI Powerhouse Firmus Rockets to $5.5 Billion Valuation with Nvidia (NVDA) Backing
• Positive Sentiment: Analyst research and deep‑dive pieces argue 2026 is a potential inflection year (Vera Rubin launch, strong AI capex), reinforcing the bullish growth narrative. Nvidia: Why 2026 Could Be A Game Changer
• Neutral Sentiment: Coverage on semiconductor peers and suppliers shows the broader chip rally is lifting NVDA indirectly; several data‑center beneficiaries are also gaining from the same tailwinds. These 4 Stocks Are Quietly Riding NVIDIA's Data Center Boom Higher (NVDA)
• Neutral Sentiment: Speculative stories about Nvidia GPUs being used in space and other novel end markets underscore long‑term optionality but remain more thematic than immediate revenue drivers. NVIDIA Chips are Going to Space. Could the Stock Be Next?
• Negative Sentiment: Competitive risk rose after Amazon’s CEO spotlighted AWS’s chip ambitions; short‑seller commentary argues Amazon could erode Nvidia’s long‑term chip dominance — a credible risk for margin and share if cloud players internalize more compute. Short-seller Andrew Left thinks Amazon just showed that it's the biggest threat to Nvidia's chip dominance
• Negative Sentiment: Geopolitical uncertainty — headlines about the fragile Iran cease‑fire — remain a near‑term risk that can trigger volatility and cap rotation away from high‑beta names like Nvidia. Nvidia Stock Is Tied to Fate of Fragile Iran Cease‑Fire

Insider Transactions at NVIDIA

In related news, Director John Dabiri sold 3,004 shares of the business's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $184.90, for a total value of $555,439.60. Following the completion of the sale, the director directly owned 14,788 shares of the company's stock, valued at $2,734,301.20. The trade was a 16.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 221,682 shares of the business's stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $173.68, for a total value of $38,501,729.76. Following the completion of the sale, the director directly owned 7,399,771 shares of the company's stock, valued at approximately $1,285,192,227.28. This represents a 2.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,201,616 shares of company stock valued at $215,991,407 over the last 90 days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Up 1.0%

Shares of NASDAQ NVDA opened at $183.91 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91. The firm has a market cap of $4.47 trillion, a price-to-earnings ratio of 37.53, a PEG ratio of 0.60 and a beta of 2.34. NVIDIA Corporation has a 1 year low of $95.04 and a 1 year high of $212.19. The stock's 50-day simple moving average is $181.67 and its 200-day simple moving average is $184.33.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.08. The firm had revenue of $68.13 billion during the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.NVIDIA's quarterly revenue was up 73.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 earnings per share. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, March 11th. NVIDIA's payout ratio is currently 0.82%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.