Washington Trust Advisors Inc. Lowers Position in NVIDIA Corporation $NVDA

Key Points

• Washington Trust Advisors Inc. reduced its NVIDIA stake by 5.5% in the fourth quarter, selling 10,371 shares and leaving it with 179,011 shares valued at about $33.4 million.
• Other institutional investors mostly added to their positions, and hedge funds and institutions now own 65.27% of NVIDIA’s stock.
• Analysts remain broadly bullish on NVIDIA, with a consensus Buy rating and an average price target of $305.38, while the company also reported strong quarterly results and authorized an $80 billion share buyback.

Washington Trust Advisors Inc. lessened its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 179,011 shares of the computer hardware maker's stock after selling 10,371 shares during the quarter. NVIDIA makes up about 2.6% of Washington Trust Advisors Inc.'s investment portfolio, making the stock its 11th largest holding. Washington Trust Advisors Inc.'s holdings in NVIDIA were worth $33,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after buying an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after purchasing an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE boosted its position in NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after purchasing an additional 3,653 shares during the last quarter. Hudson Value Partners LLC grew its position in shares of NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after acquiring an additional 11,900 shares during the period. Finally, Wealth Group Ltd. grew its holdings in NVIDIA by 15.7% during the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock valued at $715,000 after purchasing an additional 896 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 300,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total value of $54,675,000.00. Following the transaction, the executive vice president owned 3,018,547 shares of the company's stock, valued at $550,130,190.75. This represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aarti S. Shah sold 19,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $176.71, for a total value of $3,357,490.00. Following the completion of the transaction, the director directly owned 36,007 shares in the company, valued at approximately $6,362,796.97. This trade represents a 34.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 906,961 shares of company stock valued at $162,936,268 over the last 90 days. 3.94% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NVDA. TD Cowen reissued a "buy" rating and set a $275.00 price target (up from $235.00) on shares of NVIDIA in a report on Friday, May 15th. Stifel Nicolaus set a $282.00 price objective on NVIDIA and gave the company a "buy" rating in a research report on Thursday, May 21st. Barclays restated an "overweight" rating on shares of NVIDIA in a research report on Thursday, May 21st. Daiwa Securities Group boosted their price objective on NVIDIA from $215.00 to $255.00 and gave the company an "outperform" rating in a research report on Friday, May 22nd. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $315.00 price objective (up from $265.00) on shares of NVIDIA in a research report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $305.38.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Jensen Huang unveiled NVIDIA’s RTX Spark superchip and related PC offerings, opening a new growth avenue in AI-powered Windows laptops and desktops with partners like Dell, Lenovo, HP, and Microsoft. Nvidia jumps into PCs with new Arm-based chip debuting in laptops from Microsoft, Dell, HP
• Positive Sentiment: NVIDIA said Vera Rubin is ramping into full production, with stronger performance for agentic AI factories and a major ecosystem of manufacturing and cloud partners, reinforcing demand for its next-gen AI hardware. NVIDIA Vera Rubin Ramps Into Full Production to Power Agentic AI Factories Worldwide
• Positive Sentiment: ARK Invest bought 300,017 NVIDIA shares, adding a visible vote of confidence from a high-profile growth investor. Nvidia Stock Pops as Cathie Wood's ARK Piles In, Sells This Rival Chip Maker's Shares
• Positive Sentiment: Analysts remained constructive, including DA Davidson and Goldman Sachs reiterating bullish views, which helped support sentiment around NVDA’s valuation and long-term earnings power. Wall Street analyst updates Nvidia (NVDA) stock price target
• Neutral Sentiment: New partnerships with companies such as Aptiv, ABB, Cadence, TSMC, Foxconn, and others expand NVIDIA’s AI ecosystem, but these are mostly long-term strategic wins rather than immediate revenue catalysts. COMPUTEX 2026: Compal Accelerates Smart Hospital Physical AI Deployment with NVIDIA at COMPUTEX 2026
• Neutral Sentiment: Jensen Huang also said NVIDIA has enough supply to support robust CPU and GPU growth, easing some concerns about demand outpacing production. Nvidia CEO says has capacity to supply robust CPU and GPU growth
• Negative Sentiment: Investors are still watching risks around China-related restrictions and rising competition, including reports that Chinese firms are building alternatives to NVIDIA chips and that U.S. export controls may tighten further. What are AI PCs that Nvidia's Jensen Huang is betting on?

NVIDIA Stock Up 6.3%

Shares of NASDAQ:NVDA opened at $224.36 on Tuesday. NVIDIA Corporation has a 52-week low of $135.40 and a 52-week high of $236.54. The stock has a market cap of $5.43 trillion, a P/E ratio of 34.36, a price-to-earnings-growth ratio of 0.51 and a beta of 2.22. The business's 50 day moving average is $200.19 and its 200 day moving average is $189.85. 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 (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company had revenue of $81.62 billion for the quarter, compared to analysts' expectations of $78.42 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. NVIDIA's revenue was up 85.2% compared to the same quarter last year. Sell-side analysts predict that NVIDIA Corporation will post 8.04 EPS for the current year.

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

NVIDIA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. This is an increase from NVIDIA's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, June 4th. NVIDIA's payout ratio is currently 0.61%.

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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