Sigma Investment Counselors Inc. Has $30 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Sigma Investment Counselors trimmed its NVIDIA stake by 2.0% in the fourth quarter, but still held 160,833 shares worth about $30 million, making NVDA its 18th-largest position.
• Wall Street sentiment remains broadly bullish, with multiple analysts raising price targets and the stock carrying a consensus Buy rating and average target price of about $305.38.
• NVIDIA continues to post strong fundamentals, reporting $1.87 EPS and $81.62 billion in quarterly revenue, while also announcing a boosted dividend and an $80 billion share buyback authorization.

Sigma Investment Counselors Inc. cut its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,833 shares of the computer hardware maker's stock after selling 3,343 shares during the period. NVIDIA comprises approximately 1.5% of Sigma Investment Counselors Inc.'s investment portfolio, making the stock its 18th biggest holding. Sigma Investment Counselors Inc.'s holdings in NVIDIA were worth $29,995,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Longfellow Investment Management Co. LLC increased its holdings 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 worth $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new position in NVIDIA during the second quarter worth $40,000. Syntax Research Inc. increased its holdings in NVIDIA by 62.5% during the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock worth $49,000 after buying an additional 100 shares during the last quarter. Sellwood Investment Partners LLC acquired a new position in NVIDIA during the third quarter worth $50,000. Finally, Networth Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth $51,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Investors are looking ahead to next week’s Computex conference, which could provide a fresh catalyst for NVIDIA’s AI-chip leadership and keep sentiment constructive around the stock. Why Nvidia stock is up around 1% today
• Positive Sentiment: Analysts and commentators continue to point to NVIDIA as the main winner from the AI server boom, with strong demand for its chips, Blackwell products, and broader data-center ecosystem. Jim Cramer names Nvidia as the winner behind Dell rally
• Positive Sentiment: News that NVIDIA is investing heavily in photonics, with billions directed toward next-generation data-center connectivity, suggests the company is trying to extend its AI leadership beyond GPUs into the next bottlenecks in AI infrastructure. Nvidia is investing billions into this emerging technology that could change the AI industry
• Positive Sentiment: Truist raised its price target on NVDA to $307 and kept a Buy rating, reinforcing the view that the company’s strong quarterly results and growth outlook remain intact. NVIDIA Corporation (NVDA) Stock Update: Truist Raises Target to $307 Following Strong Quarter
• Neutral Sentiment: CEO Jensen Huang’s reported advisory-board role at Tsinghua University keeps NVIDIA visible in China-related tech circles, but it is more of a corporate-profile headline than a direct earnings driver. Nvidia chief Jensen Huang to join board of Beijing's Tsinghua University, FT reports
• Negative Sentiment: Director John Dabiri sold 625 shares under a pre-arranged 10b5-1 trading plan, which is routine but can still add to investor caution when the stock is already expensive and volatile. SEC filing for John Dabiri transaction
• Negative Sentiment: Several articles highlight concerns that NVIDIA’s valuation is stretched and that the stock may be struggling to extend gains after a huge AI-driven run, which can weigh on near-term trading. Nvidia And The Reality Of Paying For Perfection

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NVDA shares. Wedbush boosted their target price on shares of NVIDIA from $300.00 to $330.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Daiwa Securities Group boosted their target price on shares of NVIDIA from $215.00 to $255.00 and gave the stock an "outperform" rating in a report on Friday, May 22nd. HSBC restated a "buy" rating and set a $325.00 target price (up from $295.00) on shares of NVIDIA in a report on Tuesday, May 19th. Sanford C. Bernstein restated an "outperform" rating on shares of NVIDIA in a report on Thursday, May 21st. Finally, BTIG Research began coverage on shares of NVIDIA in a research report on Wednesday, April 15th. They set a "buy" rating for the company. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $305.38.

Insider Buying and Selling

In other news, CFO Colette Kress sold 20,000 shares of the business's stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $3,497,800.00. Following the completion of the sale, the chief financial officer owned 83,060 shares of the company's stock, valued at approximately $14,526,363.40. The trade was a 19.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 625 shares of the business's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the sale, the director directly owned 14,163 shares of the company's stock, valued at approximately $3,030,882. The trade was 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 906,961 shares of company stock valued at $162,936,268 in the last 90 days. 3.94% of the stock is currently owned by corporate insiders.

NVIDIA Trading Down 1.5%

NVDA stock opened at $211.14 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The company has a fifty day moving average price of $199.28 and a two-hundred day moving average price of $189.70. NVIDIA Corporation has a one year low of $132.92 and a one year high of $236.54. The stock has a market cap of $5.11 trillion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 0.51 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.11. The firm had revenue of $81.62 billion during the quarter, compared to analysts' expectations of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company's revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 earnings per share. Equities analysts anticipate that NVIDIA Corporation will post 8.04 EPS for the current year.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be given a $0.25 dividend. The ex-dividend date of this dividend 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 dividend yield of 0.5%. NVIDIA's dividend payout ratio (DPR) is presently 0.61%.

NVIDIA announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

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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