Smith Moore & CO. Lowers Position in NVIDIA Corporation $NVDA

Key Points

• Smith Moore & CO. trimmed its NVIDIA stake by 6.4%, selling 5,766 shares to hold 84,913 shares worth $15.84 million, making NVDA 1.2% of its portfolio and its 16th largest holding.
• NVIDIA reported a quarterly EPS of $1.62 (vs. $1.54 expected) and revenue of $68.13 billion (up 73.2% YoY), while analysts have raised price targets and the consensus average target is $275.25 with a majority Buy/Strong Buy rating.
• Trading activity is mixed: insiders sold 953,976 shares (~$171.2M) in the last 90 days including large director sales, even as institutional ownership remains high at 65.27% and several funds increased their stakes.

Smith Moore & CO. decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,913 shares of the computer hardware maker's stock after selling 5,766 shares during the period. NVIDIA comprises 1.2% of Smith Moore & CO.'s portfolio, making the stock its 16th largest holding. Smith Moore & CO.'s holdings in NVIDIA were worth $15,836,000 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. PMG Family Office LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth $2,150,000. Oak Ridge Investments LLC grew its stake in shares of NVIDIA by 2.2% during the 3rd quarter. Oak Ridge Investments LLC now owns 970,860 shares of the computer hardware maker's stock worth $181,143,000 after purchasing an additional 20,559 shares during the period. Weaver Capital Management LLC grew its stake in shares of NVIDIA by 5.5% during the 4th quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker's stock worth $15,893,000 after purchasing an additional 4,439 shares during the period. Circle Wealth Management LLC grew its stake in shares of NVIDIA by 16.1% during the 3rd quarter. Circle Wealth Management LLC now owns 107,787 shares of the computer hardware maker's stock worth $20,111,000 after purchasing an additional 14,936 shares during the period. Finally, Sunburst Financial Group LLC grew its stake in shares of NVIDIA by 11.3% during the 4th quarter. Sunburst Financial Group LLC now owns 42,515 shares of the computer hardware maker's stock worth $7,929,000 after purchasing an additional 4,300 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NVDA. Wedbush upped their price target on shares of NVIDIA from $230.00 to $300.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 3rd. Mizuho set a $275.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a research note on Friday, January 9th. CICC Research increased their price objective on shares of NVIDIA from $228.00 to $240.60 and gave the company an "outperform" rating in a research note on Friday, February 27th. Rosenblatt Securities reissued a "buy" rating and issued a $325.00 price objective on shares of NVIDIA in a research note on Monday, March 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of NVIDIA from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Thursday, February 26th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, NVIDIA currently has an average rating of "Buy" and an average target price of $275.25.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $213.42 on Wednesday. The stock has a market cap of $5.19 trillion, a price-to-earnings ratio of 43.56, a PEG ratio of 0.71 and a beta of 2.34. 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 company's 50-day moving average price is $186.09 and its 200 day moving average price is $185.90. NVIDIA Corporation has a 52 week low of $104.08 and a 52 week high of $216.82.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.08. The company 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 firm's quarterly revenue was up 73.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. As a group, research analysts forecast that NVIDIA Corporation will post 7.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Product and ecosystem wins continue to support NVDA’s revenue durability — cloud provider Vultr said it will deploy NVIDIA’s Nemotron 3 Nano Omni for multimodal inference, extending adoption of NVIDIA models and serverless inference offerings. Read More.
• Positive Sentiment: Product platform strength: Analysts point to the Blackwell platform and Rubin chips as drivers of continued data‑center growth and margin expansion, supporting the long‑term revenue outlook. Read More.
• Positive Sentiment: Institutional/analyst support remains heavy — Bank of America and other firms keep bullish ratings and price targets, and a large institutional filing shows Alecta added shares, signaling continued institutional appetite. Read More. Read More.
• Neutral Sentiment: Options and derivatives activity show traders are pricing a re‑test of recent highs — heavy call/put flows mean volatility is elevated and short‑term moves can be amplified. Read More.
• Neutral Sentiment: Macro/structural view: several analysts argue AI demand is structural (not cyclical) though near‑term valuation and capex digestion remain concerns — this supports a buy‑and‑hold case but warns of short‑term swings. Read More.
• Negative Sentiment: OpenAI stumble sparked the selloff — reports that OpenAI missed internal growth/revenue targets triggered a broad chip‑stock pullback today, directly pressuring NVDA as a top AI‑infrastructure supplier. Read More.
• Negative Sentiment: Competitive and capex risks: coverage highlights the rise of custom silicon (TPUs, in‑house chips) and the risk of capex digestion — these can blunt NVDA’s near‑term share gains if hyperscalers substitute GPUs. Read More.
• Negative Sentiment: Large insider and institutional sales have been reported in filings (some selling is planned/10b5‑1), which can add to headline noise and amplify pullbacks even if long‑term demand remains intact. Read More.

Insider Buying and Selling

In other NVIDIA news, Director Aarti S. Shah sold 19,000 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $176.71, for a total value of $3,357,490.00. Following the transaction, the director directly owned 36,007 shares in the company, valued at approximately $6,362,796.97. This represents a 34.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 221,682 shares of the company's 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 completion of the transaction, the director owned 7,399,771 shares in the company, valued at approximately $1,285,192,227.28. This trade represents a 2.91% 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 in the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

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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