NVIDIA Corporation $NVDA Stake Reduced by Evanson Asset Management LLC

Key Points

• Evanson Asset Management trimmed its NVDA stake by 25.8% in Q4, selling 20,190 shares and leaving 57,952 shares valued at $10.8 million (about 0.6% of its portfolio).
• NVIDIA posted strong quarterly results—EPS $1.62 (beat $1.54) and revenue $68.13 billion, up 73.2% year‑over‑year—and holds a consensus analyst rating of Buy with a $275.95 average price target.
• However, significant institutional selling and insider dispositions (1.4M shares worth $253.6M in the past 90 days) could increase near‑term volatility despite strategic moves like a $2B investment in Marvell.

Evanson Asset Management LLC trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 25.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,952 shares of the computer hardware maker's stock after selling 20,190 shares during the quarter. NVIDIA accounts for about 0.6% of Evanson Asset Management LLC's portfolio, making the stock its 29th biggest holding. Evanson Asset Management LLC's holdings in NVIDIA were worth $10,808,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NVDA. Brighton Jones LLC boosted its holdings in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after buying an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after buying an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE increased its holdings in shares of NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after buying an additional 3,653 shares in the last quarter. Hudson Value Partners LLC lifted its position in shares of NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. lifted its position in shares of NVIDIA by 15.7% during the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock valued at $715,000 after acquiring an additional 896 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA announced a $2 billion strategic investment in Marvell to deepen the NVLink Fusion AI ecosystem, which validates NVDA’s strategy of opening its interconnect to third‑party silicon and supports long‑term GPU demand. Nvidia Invests $2 Billion in Marvell as Part of Chip Partnership
• Positive Sentiment: Large AI‑infrastructure projects and financings — including Nebius’ facility buildouts and a heavily‑subscribed $3.8B AI data‑center bond — highlight growing demand for Nvidia‑powered capacity and make future GPU orders more likely. Nebius Bets Big On AI Infrastructure Scale
• Positive Sentiment: Reports that NVIDIA will supply GPUs to major cloud customers (e.g., AWS) reinforce near‑term revenue visibility for data‑center chips. NVIDIA Corporation (NVDA) to Supply GPUs to AWS
• Positive Sentiment: Market sentiment improved on geopolitical de‑escalation headlines, lifting Nasdaq tech names and helping NVDA recover from recent weakness. Nasdaq: Tech Stocks Surge as Trump Signals De‑Escalation, Lifting Nvidia
• Neutral Sentiment: Unusual options activity and commentary from market strategists are drawing attention to NVDA positioning — useful for traders but not a direct fundamental change. Options Corner: NVDA, WDC, AA
• Positive Sentiment: Management/market commentary and analyst notes continue to point to multi‑year AI compute demand (including forecasts of very large total addressable markets), supporting a longer‑term bull case. The 1 Thing Nvidia Bears Keep Getting Wrong in 2026
• Negative Sentiment: Institutional selling has been significant recently, with reports that large holders reduced exposure — that selling pressure can prolong volatility and weigh on near‑term price action. Institutions Have Dumped Over $70 Billion of Nvidia Stock
• Negative Sentiment: NVIDIA’s P/E multiple has compressed to multi‑year lows as macro/geopolitical risk and rotation hit the sector — valuation re‑rating raises downside risk if growth expectations slip. Nvidia's PE Sinks to Seven‑Year Low as War and AI Angst Weigh
• Negative Sentiment: Competitive risks — e.g., new ARM‑led AGI chip initiatives — and supply/operational issues (reported shortages) are repeating themes that could pressure sentiment if they materialize. Should Arm’s AGI Chip Have NVIDIA Investors in a Panic?

NVIDIA Stock Up 5.6%

NVDA opened at $174.34 on Wednesday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The business has a 50-day moving average of $182.92 and a 200-day moving average of $184.28. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. The company has a market capitalization of $4.24 trillion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 0.55 and a beta of 2.33.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.08. The firm had revenue of $68.13 billion for the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The company's revenue for the quarter was up 73.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. Equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 221,682 shares of the company's stock in a transaction on Friday, March 20th. The shares were sold at an average price of $173.68, for a total value of $38,501,729.76. Following the completion of the sale, the director directly owned 7,399,771 shares in the company, valued at approximately $1,285,192,227.28. This represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 42,650 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $7,459,058.50. Following the transaction, the chief financial officer directly owned 881,387 shares in the company, valued at $154,145,772.43. The trade was a 4.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,401,616 shares of company stock worth $253,555,407 in the last 90 days. 4.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on NVDA. TD Cowen restated a "buy" rating and issued a $235.00 target price on shares of NVIDIA in a report on Tuesday, March 17th. Wolfe Research upped their target price on NVIDIA from $250.00 to $275.00 and gave the company an "outperform" rating in a report on Friday, January 30th. Rothschild & Co Redburn increased their price target on NVIDIA from $245.00 to $268.00 and gave the company a "buy" rating in a research report on Thursday, January 15th. Robert W. Baird lifted their price target on NVIDIA from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, February 26th. Finally, Evercore restated an "outperform" rating on shares of NVIDIA in a report on Tuesday, January 6th. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Buy" and a consensus price target of $275.95.

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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