Puzo Michael J Has $20.90 Million Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Puzo Michael J trimmed its NVIDIA stake by 5.3% to 112,006 shares worth about $20.90 million, making NVDA its second-largest holding at 5.7% of the portfolio.
• NVIDIA reported strong quarterly results — revenue of $68.13 billion (+73.2% YoY) and EPS of $1.62, beating estimates and prompting several analysts to raise price targets (consensus target ≈ $273.64).
• Insider selling and regulatory/China risks: insiders have sold roughly 1.25 million shares (~$225.7M) in the last 90 days, while potential U.S. export-permit rules and reduced H200 shipments to China raise near-term international growth uncertainty.

Puzo Michael J reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 112,006 shares of the computer hardware maker's stock after selling 6,271 shares during the quarter. NVIDIA comprises 5.7% of Puzo Michael J's portfolio, making the stock its 2nd biggest holding. Puzo Michael J's holdings in NVIDIA were worth $20,898,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Center for Financial Planning Inc. increased its holdings in shares of NVIDIA by 4.6% during the 2nd quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker's stock worth $1,332,000 after purchasing an additional 367 shares during the period. Atria Investments Inc lifted its stake in shares of NVIDIA by 3.2% in the second quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker's stock valued at $148,859,000 after buying an additional 29,479 shares during the period. Svenska Handelsbanken AB publ bought a new stake in shares of NVIDIA in the third quarter valued at about $37,316,000. Oak Ridge Investments LLC grew its position in NVIDIA by 2.2% during the third quarter. Oak Ridge Investments LLC now owns 970,860 shares of the computer hardware maker's stock worth $181,143,000 after buying an additional 20,559 shares in the last quarter. Finally, Whalen Wealth Management Inc. grew its position in NVIDIA by 20.3% during the third quarter. Whalen Wealth Management Inc. now owns 36,490 shares of the computer hardware maker's stock worth $6,808,000 after buying an additional 6,162 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analysts raise targets and reiterate upside — Several firms lifted NVDA price targets (Deutsche Bank to $220; Baird/Wedbush much higher), pointing to continued revenue and margin upside after the quarterly beat. This supports bullish outlooks and likely underpins buying from momentum and institutional desks. NVIDIA Price Target Increased to $220 at Deutsche Bank
• Positive Sentiment: Strong quarterly results and demand narrative — NVDA reported record revenue and robust data-center demand; analysts and bull pieces highlight durable platform strength and Ruben/Blackwell product cycle tailwinds that support above-consensus growth. Nvidia's Earnings Prove Why It's Earned Its Spot
• Positive Sentiment: Strategic AI investments and ecosystem deals — Continued strategic investments (OpenAI/Anthropic participation) and new AI partnerships/bets are cited as catalytic for long-term platform control and ecosystem monetization. Nvidia Just Made Another Pair of Brilliant AI Bets
• Neutral Sentiment: CEO compensation update — SEC filing shows a new FY2027 variable-comp plan with a $4M target cash bonus for Jensen Huang. Governance/compensation items typically have limited directional impact but draw investor attention. Nvidia sets $4 million cash bonus for CEO Huang under 2027 compensation plan
• Neutral Sentiment: Pause on new startup bets — Company statements that it will pause further startup investments after recent big bets could be read as capital discipline; market reaction depends on how investors value future optionality vs. cash conservation. Nvidia pauses new AI startup bets after backing OpenAI, Anthropic
• Negative Sentiment: U.S. export-permit rulemaking risk — Reports that U.S. authorities are considering global licensing requirements for AI-chip exports (affecting shipments to all countries) create uncertainty around international sales and could materially limit market access and growth paths. US said to consider requiring permits for global AI chip sales by Nvidia and AMD
• Negative Sentiment: Pullback from China production — Reuters/FT reporting that NVIDIA stopped production of H200 chips for China and refocused TSMC capacity to next‑gen Vera Rubin confirms the company is scaling back China exposure. That reduces near-term addressable market in China and raises execution/earnings pacing concerns even if domestic hyperscalers capture redirected supply. Nvidia refocuses TSMC capacity as export controls stall China sales, FT reports

Insider Activity

In related news, EVP Ajay K. Puri sold 200,000 shares of NVIDIA stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $180.04, for a total transaction of $36,008,000.00. Following the completion of the transaction, the executive vice president directly owned 3,618,547 shares of the company's stock, valued at $651,483,201.88. This trade represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the completion of the transaction, the director owned 6,933,280 shares in the company, valued at approximately $1,229,478,542.40. This trade represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,248,120 shares of company stock worth $225,672,814. Company insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Seaport Research Partners upped their price target on NVIDIA from $100.00 to $140.00 and gave the company a "sell" rating in a report on Monday, November 17th. Itau BBA Securities reissued a "market perform" rating on shares of NVIDIA in a report on Thursday, February 26th. Macquarie Infrastructure upgraded NVIDIA to an "outperform" rating in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their target price on NVIDIA from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report on Thursday, February 26th. Finally, Melius Research lifted their price target on shares of NVIDIA from $300.00 to $320.00 and gave the stock a "buy" rating in a research note on Thursday, November 20th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, NVIDIA has a consensus rating of "Buy" and an average target price of $273.64.

NVIDIA Price Performance

NVIDIA stock opened at $177.83 on Friday. The business has a 50 day simple moving average of $185.77 and a 200 day simple moving average of $183.90. 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 $4.32 trillion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 0.60 and a beta of 2.33. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The firm had revenue of $68.13 billion for the quarter, compared to analysts' expectations of $65.56 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The business's revenue was up 73.2% compared to the same quarter last year. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is presently 0.82%.

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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