Procyon Advisors LLC Has $28.01 Million Stake in NVIDIA Corporation $NVDA

Key Points

• Procyon Advisors LLC trimmed its NVIDIA stake by 6.9% in the first quarter, but still held 160,616 shares worth about $28.0 million, making NVDA its 17th-largest position.
• Insider selling picked up, including a large sale by Director Mark A. Stevens of 885,000 shares; insiders sold 1.9 million shares worth about $410.6 million over the last 90 days.
• NVIDIA continues to post strong operating results and support from analysts, with quarterly revenue up 85.2% year over year, a recent $80 billion buyback authorization, and a consensus “Buy” rating with a $304.26 price target.

Procyon Advisors LLC lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,616 shares of the computer hardware maker's stock after selling 11,881 shares during the period. NVIDIA comprises about 0.4% of Procyon Advisors LLC's portfolio, making the stock its 17th largest holding. Procyon Advisors LLC's holdings in NVIDIA were worth $28,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lifetime Wealth Management P.C. acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $26,000. Longview Financial Advisors Inc. acquired a new position in NVIDIA during the first quarter valued at approximately $27,000. Longfellow Investment Management Co. LLC boosted 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 purchasing an additional 67 shares during the last quarter. Inspire Investing LLC bought a new position in NVIDIA in the fourth quarter valued at approximately $44,000. Finally, AlphaCentric Advisors LLC bought a new position in NVIDIA in the fourth quarter valued at approximately $45,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 885,000 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the transaction, the director directly owned 5,207,271 shares of the company's stock, valued at $1,094,412,146.07. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 625 shares of the firm's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the sale, the director owned 14,163 shares of the company's stock, valued at approximately $3,030,882. This represents a 4.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,901,125 shares of company stock worth $410,583,015 over the last ninety days. Insiders own 3.94% of the company's stock.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA announced a joint AI research lab with KAIST in Seoul, backed by a $300 million five-year collaboration, to advance agentic AI models for Korean industries and language use cases. The deal includes compute contributions, funding for at least 10 researchers annually, and NVIDIA internships/full-time hiring pathways, reinforcing NVIDIA’s global AI ecosystem and talent pipeline. Article Title
• Positive Sentiment: NVIDIA’s partnership with Amkor to support U.S. advanced chip packaging expansion is another supportive development, as it strengthens supply-chain capacity for next-generation AI chips and helps meet rising demand for AI infrastructure. Article Title
• Positive Sentiment: Investor sentiment remains constructive on NVIDIA’s AI leadership, with analysts and market commentators highlighting its dominance in GPUs, strong fundamentals, and technical breakout signals above key moving averages. Article Title
• Neutral Sentiment: Some commentary suggests the stock may face near-term “sell-the-news” pressure after its latest earnings beat, especially as traders reassess whether AI spending momentum has already been priced in.
• Neutral Sentiment: Broader AI-capex headlines from Alphabet and other hyperscalers continue to drive sector interest, but they also appear to be fueling rotation within semiconductors rather than uniformly lifting NVIDIA shares.
• Negative Sentiment: NVIDIA is also facing renewed competitive noise, including AMD’s push with Anthropic and a wave of articles questioning whether large AI spending could eventually favor other chip and memory suppliers, which may temper enthusiasm for NVDA in the short term. Article Title

NVIDIA Stock Performance

NVDA opened at $208.76 on Friday. 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 Corporation has a 12-month low of $164.07 and a 12-month high of $236.54. The business has a 50 day moving average of $208.22 and a 200-day moving average of $195.73. The stock has a market cap of $5.05 trillion, a price-to-earnings ratio of 31.97, a PEG ratio of 0.41 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business 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 firm earned $0.81 EPS. The firm's revenue was up 85.2% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA Corporation will post 8.79 earnings per share for the current year.

NVIDIA announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 20th that permits the company to buyback $80.00 billion in shares. This buyback authorization permits the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were issued a $0.25 dividend. This is an increase from NVIDIA's previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, June 4th. NVIDIA's dividend payout ratio is presently 15.31%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NVDA. Benchmark reiterated a "buy" rating and set a $335.00 price objective (up from $250.00) on shares of NVIDIA in a research note on Thursday, May 21st. Wolfe Research reissued an "outperform" rating and issued a $275.00 target price on shares of NVIDIA in a research note on Thursday, May 21st. Rothschild & Co Redburn boosted their target price on shares of NVIDIA from $280.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday, May 26th. Argus boosted their target price on shares of NVIDIA from $220.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Finally, Morgan Stanley set a $288.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Buy" and a consensus target price of $304.26.

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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