NVIDIA Corporation $NVDA is Summit Financial LLC's 6th Largest Position

Key Points

• Summit Financial LLC trimmed its NVIDIA stake by 1.4% in the fourth quarter, but NVDA still remains its 6th-largest position. The firm held 633,764 shares valued at about $118.2 million, or 1.7% of its portfolio.
• Wall Street remains broadly bullish on NVIDIA, with the stock carrying a consensus Buy rating and a consensus price target of $305.67. Several analysts recently reiterated or raised targets, including one as high as $500.
• NVIDIA reported strong quarterly results, beating EPS and revenue estimates, and also boosted shareholder returns with a new quarterly dividend and an $80 billion share repurchase program. Insiders have also sold shares recently, including notable transactions by directors Mark A. Stevens and Stephen C. Neal.

Summit Financial LLC lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 633,764 shares of the computer hardware maker's stock after selling 9,218 shares during the period. NVIDIA makes up 1.7% of Summit Financial LLC's holdings, making the stock its 6th biggest position. Summit Financial LLC's holdings in NVIDIA were worth $118,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC grew its position in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after buying an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new stake in NVIDIA during the second quarter valued at $40,000. AlphaCentric Advisors LLC acquired a new stake in NVIDIA during the fourth quarter valued at $45,000. Syntax Research Inc. grew its position in NVIDIA by 62.5% during the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock valued at $49,000 after buying an additional 100 shares during the period. Finally, Networth Advisors LLC acquired a new stake in NVIDIA during the fourth quarter valued at $51,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the topic of several analyst reports. Royal Bank Of Canada set a $280.00 price target on shares of NVIDIA in a research report on Thursday, May 21st. Susquehanna restated a "positive" rating and set a $275.00 price target (up from $250.00) on shares of NVIDIA in a research report on Tuesday, May 12th. Barclays restated an "overweight" rating on shares of NVIDIA in a research report on Thursday, May 21st. BTIG Research assumed coverage on shares of NVIDIA in a research report on Wednesday, April 15th. They set a "buy" rating on the stock. Finally, Robert W. Baird set a $500.00 target price on shares of NVIDIA and gave the company an "outperform" rating in a research report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $305.67.

Insider Activity

In related news, Director Mark A. Stevens sold 500,000 shares of the business's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $219.83, for a total transaction of $109,915,000.00. Following the transaction, the director directly owned 6,399,771 shares in the company, valued at approximately $1,406,861,658.93. The trade was a 7.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen C. Neal sold 15,500 shares of the business'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 transaction, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,619,457 shares of company stock valued at $332,073,643 in the last ninety days. 3.94% of the stock is currently owned by corporate insiders.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analysts remained broadly bullish, with multiple notes raising revenue forecasts and price targets while arguing NVDA still looks undervalued given its dominance in AI accelerators and networking. Analyst Calls NVIDIA Undervalued, Sees Major Upside Ahead
• Positive Sentiment: Reuters reported that NVIDIA has begun pitching its Vera CPUs to Chinese customers, suggesting a possible reopening of a meaningful China growth channel and expanding the company’s AI data-center addressable market. Exclusive: Nvidia begins Vera CPU sales pitch to Chinese clients, sources say
• Positive Sentiment: New partnerships and product launches reinforced NVIDIA’s platform leadership, including its RTX Spark push for local AI inference, its collaboration with Microsoft on agentic AI, and healthcare AI work with Abridge. Nvidia Is Developing an AI Healthcare Model With Startup Abridge
• Positive Sentiment: Institutional and thematic commentary continued to support the stock, with articles highlighting strong Blackwell demand, a favorable AI spending backdrop, and the idea that NVDA could benefit from the current wave of AI infrastructure buildouts. NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
• Neutral Sentiment: Some market coverage framed NVIDIA as part of a broader tech rotation, with chip stocks moving differently from the mega-cap AI leaders as investors reassessed valuation and near-term expectations. Nvidia stock slips despite China push, strong AI demand outlook
• Negative Sentiment: Bearish and comparative pieces argued that other AI names like Micron or AMD may offer better near-term upside, which can weigh on sentiment toward NVDA even if the company’s fundamentals remain strong. Micron vs. NVIDIA: One AI Stock Is a Clear Buy Right Now

NVIDIA Stock Up 0.2%

Shares of NASDAQ NVDA opened at $205.19 on Friday. The company's 50-day simple moving average is $206.84 and its 200-day simple moving average is $191.34. NVIDIA Corporation has a 52-week low of $140.85 and a 52-week high of $236.54. The firm has a market cap of $4.97 trillion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 0.46 and a beta of 2.22. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business had revenue of $81.62 billion for the quarter, compared to analyst estimates of $78.42 billion. During the same quarter last year, the business earned $0.81 earnings per share. The company's revenue for the quarter was up 85.2% compared to the same quarter last year. Equities analysts predict that NVIDIA Corporation will post 8.65 EPS for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, June 4th. 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 yield of 0.5%. NVIDIA's dividend payout ratio (DPR) is presently 15.31%.

NVIDIA declared that its board has authorized a share repurchase program on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

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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