Choate Investment Advisors Acquires 8,896 Shares of NVIDIA Corporation $NVDA

Choate Investment Advisors lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 646,076 shares of the computer hardware maker’s stock after purchasing an additional 8,896 shares during the quarter. NVIDIA makes up about 2.4% of Choate Investment Advisors’ holdings, making the stock its 9th biggest position. Choate Investment Advisors’ holdings in NVIDIA were worth $120,493,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NVDA. Longfellow Investment Management Co. LLC grew its stake in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new position in NVIDIA in the 2nd quarter valued at $40,000. Syntax Research Inc. grew its stake in NVIDIA by 62.5% in the 4th quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker’s stock valued at $49,000 after buying an additional 100 shares during the last quarter. Sellwood Investment Partners LLC acquired a new position in NVIDIA in the 3rd quarter valued at $50,000. Finally, Networth Advisors LLC acquired a new position in NVIDIA in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA announced multiyear partnerships in South Korea with SK Hynix, SK Telecom, and NAVER to build gigawatt-scale AI clouds and AI factories using NVIDIA’s DSX platform, which expands its footprint in sovereign AI, data centers, and next-generation memory supply. NVIDIA and SK hynix Announce Multiyear Technology Partnership to Advance Memory for AI Factories
• Positive Sentiment: CEO Jensen Huang said the recent chip selloff should make investors “very happy,” reinforcing the view that AI demand remains strong and that the pullback may be a buying opportunity for semiconductor stocks. Nvidia Stock Rises as CEO Says Chip Selloff Should Make Investors ‘Very Happy’
• Positive Sentiment: Reports that Apple is partnering with Google and NVIDIA for a more advanced AI model, plus continued interest from investors and analysts, add to the bullish narrative that NVIDIA remains central to the AI buildout. Apple partnering with Google and Nvidia for most advanced AI model
• Neutral Sentiment: Some coverage highlighted concerns that NVIDIA’s AI PC push is still based on unproven consumer demand beyond niche users, suggesting this initiative may take time to meaningfully contribute to growth. Nvidia’s AI PC push banks on unproven demand beyond niche users
• Negative Sentiment: There was also attention on NVIDIA CEO Jensen Huang declining a Senate invitation to testify on AI and China export controls, keeping regulatory and geopolitical risks in view. Nvidia CEO Jensen Huang declines Senate testimony on AI, China and exports

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NVDA shares. TD Cowen reiterated a “buy” rating and issued a $275.00 target price (up from $235.00) on shares of NVIDIA in a research note on Friday, May 15th. Bank of America reiterated a “buy” rating and issued a $350.00 target price (up from $320.00) on shares of NVIDIA in a research note on Thursday, May 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $285.00 target price (up from $250.00) on shares of NVIDIA in a research note on Wednesday, May 20th. Barclays reiterated an “overweight” rating on shares of NVIDIA in a research note on Thursday, May 21st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $270.00 target price on shares of NVIDIA in a research note on Tuesday, June 2nd. Three analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $305.67.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 42,650 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $174.89, for a total transaction of $7,459,058.50. Following the completion of the transaction, the chief financial officer directly owned 881,387 shares of the company’s stock, valued at approximately $154,145,772.43. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 500,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $219.83, for a total transaction of $109,915,000.00. Following the transaction, the director directly owned 6,399,771 shares of the company’s stock, valued at $1,406,861,658.93. The trade was a 7.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,622,461 shares of company stock worth $332,629,083 in the last ninety days. Company insiders own 3.94% of the company’s stock.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $208.64 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. NVIDIA Corporation has a fifty-two week low of $140.85 and a fifty-two week high of $236.54. The firm has a fifty day moving average price of $204.12 and a two-hundred day moving average price of $190.77. The company has a market cap of $5.05 trillion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 0.46 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. During the same period in the prior year, the firm earned $0.81 EPS. The business’s revenue was up 85.2% on a year-over-year basis. Analysts expect that NVIDIA Corporation will post 8.61 EPS for the current year.

NVIDIA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s payout ratio is 15.31%.

NVIDIA declared that its board has approved a share repurchase program on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.