Maseco LLP Reduces Stake in NVIDIA Corporation $NVDA

Key Points

• Maseco LLP cut its NVIDIA stake by 73.4% in the first quarter, selling 5,036 shares and ending with 1,827 shares valued at about $318,000.
• Insiders have been selling shares as well, including directors Stephen C. Neal and Mark A. Stevens; over the last 90 days, insiders sold 1.9 million shares worth about $410.6 million.
• NVIDIA reported strong quarterly results, beating EPS and revenue estimates, and its board authorized an $80 billion buyback while also raising the quarterly dividend from $0.01 to $0.25 per share.

Maseco LLP reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 73.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,827 shares of the computer hardware maker's stock after selling 5,036 shares during the period. Maseco LLP's holdings in NVIDIA were worth $318,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. State Street Corp increased its position in NVIDIA by 1.2% in the fourth quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker's stock worth $184,911,111,000 after buying an additional 11,451,386 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of NVIDIA by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker's stock valued at $109,446,217,000 after buying an additional 3,383,441 shares during the last quarter. Norges Bank purchased a new position in shares of NVIDIA during the 4th quarter valued at $62,244,133,000. Bank of America Corp DE grew its stake in shares of NVIDIA by 1.5% during the 4th quarter. Bank of America Corp DE now owns 187,181,484 shares of the computer hardware maker's stock worth $34,909,347,000 after acquiring an additional 2,849,678 shares during the period. Finally, Legal & General Group Plc increased its holdings in NVIDIA by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock worth $33,808,862,000 after acquiring an additional 2,609,560 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the sale, the director owned 116,135 shares in the company, valued at $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 885,000 shares of the business's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value 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. The trade was a 14.53% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,901,125 shares of company stock valued at $410,583,015. Insiders own 3.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Rothschild & Co Redburn upped their price objective on shares of NVIDIA from $280.00 to $300.00 and gave the company a "buy" rating in a report on Tuesday, May 26th. The Goldman Sachs Group reissued a "buy" rating and set a $285.00 price objective (up from $250.00) on shares of NVIDIA in a report on Wednesday, May 20th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $350.00 target price on shares of NVIDIA in a report on Thursday, May 21st. Bank of America reiterated a "buy" rating and set a $350.00 price target (up from $320.00) on shares of NVIDIA in a research report on Thursday, May 21st. Finally, China Renaissance began coverage on shares of NVIDIA in a report on Friday, June 5th. They issued a "buy" rating and a $319.00 price target on the stock. Three research 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 company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $303.84.

NVIDIA Price Performance

NVIDIA stock opened at $197.58 on Thursday. The stock has a market cap of $4.78 trillion, a price-to-earnings ratio of 30.26, a PEG ratio of 0.44 and a beta of 2.21. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $210.48 and a 200 day simple moving average of $193.36. NVIDIA Corporation has a 52 week low of $152.97 and a 52 week high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results 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. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm had revenue of $81.61 billion for the quarter, compared to analysts' expectations of $78.42 billion. During the same quarter last year, the firm posted $0.81 EPS. The company's revenue was up 85.2% compared to the same quarter last year. On average, research analysts forecast that NVIDIA Corporation will post 8.69 earnings per share for the current fiscal year.

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

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, June 4th. This is a boost from NVIDIA's previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA's dividend payout ratio (DPR) is presently 15.31%.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA expanded its AI ecosystem with a sovereign-AI partnership with Palantir to deploy secure AI models for government and infrastructure customers, reinforcing demand for its GPUs and software stack. Article Title
• Positive Sentiment: Reuters reported that Valar Atomics is partnering with NVIDIA on a small Utah data center aimed at showing how AI infrastructure can conserve water, highlighting another real-world use case for NVIDIA’s data-center technology. Article Title
• Positive Sentiment: Several reports pointed to continued bullish long-term catalysts, including robotics, edge AI, and ongoing hyperscaler capex, suggesting NVIDIA remains central to the AI buildout even amid a short-term pullback. Article Title
• Neutral Sentiment: Analyst commentary and valuation-focused articles remain constructive overall, with multiple firms reiterating positive ratings and raising earnings estimates, but these views are being offset by near-term concerns about stretched valuations and sector rotation. Article Title
• Negative Sentiment: Bearish technical commentary warns that NVIDIA could drift lower in the short term, with some traders eyeing a move toward $165 if support breaks. Article Title
• Negative Sentiment: Michael Burry disclosed short bets against NVIDIA and other chip stocks, adding to concerns that the semiconductor group may be overextended after its big run. Article Title

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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