NVIDIA Corporation $NVDA Stock Holdings Cut by Cove Private Wealth LLC

Key Points

• Cove Private Wealth trimmed its NVIDIA stake by 6.2% to 149,020 shares (about $27.79M), with NVDA representing 8.3% of the firm's portfolio and its second-largest holding.
• NVIDIA posted a quarterly earnings beat (EPS $1.62 vs $1.54; revenue $68.13B, up 73.2% YoY) and analysts are predominantly bullish, with an average price target of $275.25.
• Insiders sold material stock (953,976 shares worth $171.2M last quarter) while institutional ownership remains high at 65.27%, highlighting both heavy professional backing and notable insider liquidation.

Cove Private Wealth LLC decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,020 shares of the computer hardware maker's stock after selling 9,834 shares during the quarter. NVIDIA comprises about 8.3% of Cove Private Wealth LLC's investment portfolio, making the stock its 2nd largest position. Cove Private Wealth LLC's holdings in NVIDIA were worth $27,792,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its stake in shares of 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 acquiring an additional 9,554,857 shares during the period. Geode Capital Management LLC raised its stake in shares of NVIDIA by 1.5% in the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock valued at $91,150,170,000 after acquiring an additional 8,521,936 shares during the period. Norges Bank purchased a new stake in shares of NVIDIA in the second quarter valued at $51,386,863,000. Legal & General Group Plc raised its stake in shares of NVIDIA by 1.5% in the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock valued at $33,808,862,000 after acquiring an additional 2,609,560 shares during the period. Finally, Capital Research Global Investors raised its stake in shares of NVIDIA by 16.1% in the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock valued at $30,855,564,000 after acquiring an additional 22,896,705 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 0.6%

NASDAQ NVDA opened at $198.45 on Friday. The company's 50-day moving average price is $186.75 and its 200-day moving average price is $186.15. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.82 trillion, a PE ratio of 40.50, a PEG ratio of 0.66 and a beta of 2.25. NVIDIA Corporation has a 12 month low of $110.82 and a 12 month high of $216.82.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.08. The firm had revenue of $68.13 billion for the quarter, compared to analysts' expectations of $65.56 billion. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The business's revenue for the quarter was up 73.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. Equities research analysts forecast that NVIDIA Corporation will post 7.78 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, March 11th. NVIDIA's dividend payout ratio is presently 0.82%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 221,682 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the transaction, the director directly owned 7,399,771 shares in the company, valued at $1,285,192,227.28. This represents a 2.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aarti S. Shah sold 19,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the transaction, the director owned 36,007 shares in the company, valued at approximately $6,362,796.97. The trade was a 34.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 953,976 shares of company stock worth $171,173,819 over the last quarter. Corporate insiders own 4.17% of the company's stock.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Pentagon deals with leading AI vendors including NVIDIA bolster defense revenue visibility and credibility for classified AI deployments. Pentagon reaches agreements with leading AI companies
• Positive Sentiment: Hyperscaler capex commitments remain massive (reports cite $700–$725B+ on AI), supporting long-term GPU demand for NVDA. The Big 4 Hyperscalers Are Spending $710 Billion on AI
• Positive Sentiment: NVIDIA's recent track record of earnings beats and ultra-high margins keeps the fundamental bull case intact heading into the next quarter. Will Nvidia (NVDA) Beat Estimates Again?
• Positive Sentiment: Surging B300 server prices in China signal tight supply and strong demand for Nvidia-powered AI infrastructure, supporting pricing power. Exclusive: Prices of Nvidia's B300 server at $1 million in China
• Neutral Sentiment: Minor analyst model changes (small FY2027 EPS tweak) and technical indicators are sending mixed signals — keep an eye on upcoming guidance. MarketBeat NVDA summary
• Neutral Sentiment: Chart/technical analysis is noisy: some traders call the drop a pullback in a larger uptrend, others see a false breakout — short-term volatility likely. Nvidia Stock Is Moving Today: Here's What The Chart Is Signaling
• Negative Sentiment: Competition risk is rising as hyperscalers (Google, Amazon) push custom AI chips — analysts warn this could erode Nvidia’s long-term dominance if adoption accelerates. Nvidia's $4.9 trillion chip empire has a new problem
• Negative Sentiment: Regulatory/political scrutiny: a senator has questioned U.S. chip exports to China (H200 licensing), adding execution and geopolitical risk for international revenue. Lutnick gets grilling on Nvidia chip sales to China
• Negative Sentiment: Short-term selling/rotation into other tech names knocked NVDA below key technical levels ($200 area), prompting momentum-based outflows. Nvidia stock is in the red, back below $200
• Negative Sentiment: Despite the rally, consensus price targets still sit well above the market, creating downside if guidance or growth cadence disappoints. NVIDIA Trades 23% Below Analyst Price Targets

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NVDA shares. Citigroup started coverage on shares of NVIDIA in a research note on Wednesday, April 15th. They issued a "buy" rating on the stock. The Goldman Sachs Group set a $250.00 target price on shares of NVIDIA and gave the company a "buy" rating in a research note on Wednesday, February 25th. Wedbush increased their target price on shares of NVIDIA from $230.00 to $300.00 and gave the company an "outperform" rating in a research note on Tuesday, March 3rd. Rothschild & Co Redburn upped their price target on shares of NVIDIA from $245.00 to $268.00 and gave the stock a "buy" rating in a report on Thursday, January 15th. Finally, Wolfe Research upped their price target on shares of NVIDIA from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 30th. Four analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Buy" and an average target price of $275.25.

NVIDIA Company 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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