Nixon Peabody Trust Co. Reduces Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Nixon Peabody Trust Co. reduced its NVIDIA stake by 1.9% in Q1, selling 6,482 shares and ending with 336,981 shares valued at about $58.8 million. NVIDIA remains a major holding for the firm, representing 4.7% of its portfolio.
• NVIDIA continues to draw strong institutional interest overall, with 65.27% of shares owned by institutions and hedge funds, even as some investors trimmed positions and others added or initiated stakes.
• The company posted strong recent results, including EPS of $1.87 versus $1.76 expected and revenue of $81.61 billion, while also boosting its quarterly dividend and authorizing an $80 billion share buyback.

Nixon Peabody Trust Co. cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 336,981 shares of the computer hardware maker's stock after selling 6,482 shares during the quarter. NVIDIA accounts for 4.7% of Nixon Peabody Trust Co.'s portfolio, making the stock its 4th largest holding. Nixon Peabody Trust Co.'s holdings in NVIDIA were worth $58,769,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Diversified Enterprises LLC increased its position in NVIDIA by 44.2% during the fourth quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker's stock worth $23,798,000 after buying an additional 39,129 shares during the last quarter. ASR Vermogensbeheer N.V. lifted its position in shares of NVIDIA by 1.8% in the fourth quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker's stock worth $591,086,000 after buying an additional 54,877 shares during the last quarter. PMG Family Office LLC bought a new stake in shares of NVIDIA during the 3rd quarter worth about $2,150,000. Storen Legacy Partners LLC bought a new stake in shares of NVIDIA during the 4th quarter worth about $1,350,000. Finally, Weaver Capital Management LLC increased its holdings in shares of NVIDIA by 5.5% during the 4th quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker's stock valued at $15,893,000 after acquiring an additional 4,439 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Commentary from investors and analysts continued to frame NVIDIA as the leader in AI infrastructure, with strong earnings, high margins, and ongoing demand for its chips and full-stack platform. Article Title
• Positive Sentiment: Several reports said NVIDIA remains the preferred AI-chip exposure for Wall Street, citing continued AI capex, favorable analyst ratings, and the company’s dominant position versus rivals like AMD and custom-chip efforts. Article Title
• Positive Sentiment: Coverage on AI spending suggested demand is still healthy, with TSMC’s strong sales and broader AI buildout trends reinforcing the idea that NVIDIA’s end-market remains resilient. Article Title
• Neutral Sentiment: Some articles argued that NVIDIA’s stock has lagged the broader AI trade or that other names such as Broadcom may outperform in the near term, which adds debate but does not change the core long-term thesis. Article Title
• Negative Sentiment: Broader tech weakness and profit-taking hit semiconductor stocks, and one article noted investors were trimming exposure to high-growth names, which pressured NVIDIA in the short term. Article Title
• Negative Sentiment: Several reports raised questions about whether AI spending is becoming more selective or whether competition from custom chips and rivals could eventually limit NVIDIA’s upside, creating a cautionary tone. Article Title

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $203.69 on Tuesday. The business has a fifty day simple moving average of $209.57 and a 200 day simple moving average of $194.60. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $4.93 trillion, a price-to-earnings ratio of 31.19, a PEG ratio of 0.46 and a beta of 2.21. NVIDIA Corporation has a one year low of $162.02 and a one year high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $78.42 billion. During the same period last year, the business earned $0.81 earnings per share. NVIDIA's quarterly revenue was up 85.2% compared to the same quarter last year. Sell-side analysts expect that NVIDIA Corporation will post 8.8 EPS for the current year.

NVIDIA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 4th. This is a positive change from NVIDIA's previous quarterly dividend of $0.01. NVIDIA's payout ratio is 15.31%.

NVIDIA declared that its board has approved a stock buyback 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 reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent analyst reports. President Capital raised their price objective on NVIDIA from $280.00 to $295.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Craig Hallum upped their target price on NVIDIA from $245.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Wall Street Zen downgraded NVIDIA from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 4th. Sanford C. Bernstein reissued a "buy" rating on shares of NVIDIA in a research report on Monday, June 29th. Finally, Needham & Company LLC restated a "buy" rating and issued a $270.00 price objective on shares of NVIDIA in a research note on Tuesday, June 2nd. Two 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $303.84.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 625 shares of the firm's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the transaction, the director owned 14,163 shares in the company, valued at $3,030,882. This trade represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the sale, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,901,125 shares of company stock worth $410,583,015. Corporate insiders own 3.94% of the company's stock.

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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