New Hampshire Trust Sells 8,933 Shares of NVIDIA Corporation $NVDA

Key Points

• New Hampshire Trust trimmed its NVIDIA stake by 7.5% in the fourth quarter, selling 8,933 shares and leaving it with 110,835 shares worth about $20.7 million.
• NVIDIA posted a strong quarterly report, with record revenue of $81.62 billion and EPS of $1.87, both beating estimates, while revenue rose 85.2% year over year.
• The company also approved an additional $80 billion share buyback and lifted its quarterly dividend from $0.01 to $0.25 per share, reinforcing management’s confidence in future cash flow.

New Hampshire Trust lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,835 shares of the computer hardware maker's stock after selling 8,933 shares during the quarter. NVIDIA accounts for 4.0% of New Hampshire Trust's investment portfolio, making the stock its 4th largest holding. New Hampshire Trust's holdings in NVIDIA were worth $20,671,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its position 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 purchasing an additional 9,554,857 shares during the period. Geode Capital Management LLC increased its position in 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 worth $91,150,170,000 after purchasing an additional 8,521,936 shares during the period. Norges Bank acquired a new position in NVIDIA during the 2nd quarter worth approximately $51,386,863,000. Legal & General Group Plc raised its stake 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 worth $33,808,862,000 after buying an additional 2,609,560 shares in the last quarter. Finally, Capital Research Global Investors raised its stake 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 worth $30,855,564,000 after buying an additional 22,896,705 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA delivered another huge beat-and-raise quarter, with record revenue, strong EPS growth, and data-center results that underline its dominance in AI infrastructure.
• Positive Sentiment: The company authorized an additional $80 billion share buyback and raised its quarterly dividend from $0.01 to $0.25 per share, signaling confidence in future cash generation and returning more capital to shareholders.
• Positive Sentiment: Analysts and commentators highlighted broad AI demand, strong Blackwell ramp-up, and continued operating leverage, which support the bullish case for NVIDIA stock.
• Neutral Sentiment: NVIDIA said its outlook does not assume any Data Center compute revenue from China, leaving a meaningful source of potential upside or downside depending on trade and licensing developments.
• Neutral Sentiment: Management is also transitioning to a new reporting framework focused on Data Center and Edge Computing, which should better reflect growth drivers but may make comparisons harder in the near term.
• Negative Sentiment: Despite the strong results, articles noted rising competition from custom chips at companies like Amazon and Alphabet, plus ongoing uncertainty around China shipments, which could temper enthusiasm if growth slows.

Insider Activity

In other NVIDIA news, EVP Ajay K. Puri sold 300,000 shares of the stock in a transaction 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 sale, the executive vice president owned 3,018,547 shares in the company, valued at approximately $550,130,190.75. This represents a 9.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 221,682 shares of the business's stock in a transaction on Friday, March 20th. The stock was sold at an average price of $173.68, for a total value of $38,501,729.76. Following the completion of the transaction, the director directly owned 7,399,771 shares of the company's stock, valued at approximately $1,285,192,227.28. This trade represents a 2.91% 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 worth $162,802,518. 4.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NVDA. Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a research note on Friday, April 10th. Sanford C. Bernstein reissued a "buy" rating on shares of NVIDIA in a report on Friday, April 17th. TD Cowen restated a "buy" rating and set a $275.00 target price (up from $235.00) on shares of NVIDIA in a research report on Friday, May 15th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $315.00 price target (up from $265.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Finally, BTIG Research assumed coverage on shares of NVIDIA in a research note on Wednesday, April 15th. They issued a "buy" rating for the company. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of "Buy" and an average price target of $279.06.

NVIDIA Trading Up 1.3%

NASDAQ:NVDA opened at $223.47 on Thursday. NVIDIA Corporation has a 52-week low of $129.16 and a 52-week high of $236.54. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $194.82 and a 200-day simple moving average of $188.75. The company has a market capitalization of $5.41 trillion, a PE ratio of 45.61, a price-to-earnings-growth ratio of 0.69 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.11. The firm had revenue of $81.62 billion for the quarter, compared to analysts' expectations of $78.42 billion. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The firm's revenue was up 85.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 EPS. On average, equities research analysts expect that NVIDIA Corporation will post 7.85 earnings per share for the current fiscal year.

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

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, March 11th. NVIDIA's dividend payout ratio (DPR) is 0.82%.

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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