NVIDIA Corporation $NVDA is Hayek Kallen Investment Management's 6th Largest Position

Key Points

• Hayek Kallen Investment Management trimmed its NVIDIA stake by 6.2% in the fourth quarter, but NVDA still represented 4.1% of the fund’s portfolio and remained its 6th largest holding.
• Wall Street sentiment remains bullish, with analysts including Bank of America, HSBC, Wells Fargo, and Citigroup reiterating buy/overweight views. The stock has an average rating of “Buy” and a consensus price target of $305.67.
• NVIDIA reported strong quarterly results, beating earnings and revenue expectations with $1.87 EPS and $81.61 billion in revenue, while also raising its dividend and authorizing an $80 billion share repurchase program.

Hayek Kallen Investment Management reduced its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,755 shares of the computer hardware maker's stock after selling 4,446 shares during the period. NVIDIA makes up 4.1% of Hayek Kallen Investment Management's portfolio, making the stock its 6th largest holding. Hayek Kallen Investment Management's holdings in NVIDIA were worth $12,450,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp boosted its stake in NVIDIA by 1.2% during the fourth quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker's stock valued at $184,911,111,000 after buying an additional 11,451,386 shares during the last quarter. Geode Capital Management LLC increased its stake in NVIDIA by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker's stock worth $109,446,217,000 after acquiring an additional 3,383,441 shares during the last quarter. Norges Bank bought a new stake in NVIDIA in the 4th quarter worth approximately $62,244,133,000. Bank of America Corp DE raised its holdings 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 in the last quarter. Finally, Legal & General Group Plc raised its holdings 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 acquiring an additional 2,609,560 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Bank of America restated a "buy" rating and issued a $350.00 price target (up from $320.00) on shares of NVIDIA in a research report on Thursday, May 21st. Citigroup started coverage on shares of NVIDIA in a research report on Wednesday, April 15th. They set a "buy" rating for the company. Morgan Stanley set a $288.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a research note on Thursday, May 21st. HSBC restated a "buy" rating and issued a $325.00 target price (up from $295.00) on shares of NVIDIA in a report on Tuesday, May 19th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $315.00 price target (up from $265.00) on shares of NVIDIA in a report on Tuesday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $305.67.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 500,000 shares of NVIDIA stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $219.83, for a total transaction of $109,915,000.00. Following the completion of the sale, the director owned 6,399,771 shares of the company's stock, valued at $1,406,861,658.93. The trade was a 7.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director owned 116,135 shares in the company, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,016,125 shares of company stock worth $224,582,565 over the last three months. 3.94% of the stock is currently owned by insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $210.69 on Monday. The firm's 50 day simple moving average is $209.90 and its two-hundred day simple moving average is $192.47. The firm has a market capitalization of $5.10 trillion, a price-to-earnings ratio of 32.26, a PEG ratio of 0.47 and a beta of 2.22. NVIDIA Corporation has a 12-month low of $142.03 and a 12-month high of $236.54. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm had revenue of $81.61 billion for the quarter, compared to analyst estimates of $78.42 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The business's quarterly revenue was up 85.2% compared to the same quarter last year. Analysts predict that NVIDIA Corporation will post 8.65 EPS for the current year.

NVIDIA Increases Dividend

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

NVIDIA declared that its board has authorized a share repurchase 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 reacquire up to 1.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Jensen Huang’s latest comments were interpreted as a sign that demand for NVIDIA’s AI hardware remains strong, reinforcing the view that the company still has room to grow from the AI buildout. 13 Words From Jensen Huang That Spell Good News for Nvidia Shareholders
• Positive Sentiment: Multiple reports highlighted NVIDIA’s expanding AI ecosystem, including XR AI/public beta, physical AI, and new partnerships, which supports the case that NVIDIA is moving beyond data centers into additional growth markets. How NVIDIA (NVDA) Is Extending Its AI Infrastructure Reach Into XR and Physical AI
• Positive Sentiment: NVIDIA was said to have taken the No. 1 spot in data-center Ethernet switching by revenue in Q1, underscoring that its networking business is becoming a more meaningful part of the AI stack. Nvidia takes No. 1 spot in data center ethernet switching by revenue in Q1: IDC
• Positive Sentiment: Analysts and market commentary continued to point to NVIDIA as a leading AI beneficiary versus weaker chip names, with several pieces framing it as a core alternative in the ongoing semiconductor rally. Analyst Warns Intel Valuation ‘Doesn't Make Sense.' Suggests NVIDIA, AMD, Micron, and Broadcom as Alternatives.
• Neutral Sentiment: Several articles noted that AI spending is broadening to suppliers, cloud providers, and custom-chip rivals, suggesting NVIDIA’s dominance is being challenged but not yet displaced. Google Is Using Nvidia's Playbook to Build a Rival AI Chip Business
• Negative Sentiment: There were also warning signs for investors, including commentary that NVIDIA has slipped since its last earnings report and concerns that heavy AI infrastructure spending, debt financing, and competition from Amazon and Google could pressure long-term margins or growth rates. Nvidia (NVDA) Down 4% Since Last Earnings Report: Can It Rebound?

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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