California State Teachers Retirement System Cuts Holdings in NVIDIA Corporation $NVDA

California State Teachers Retirement System reduced its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,688,762 shares of the computer hardware maker’s stock after selling 881,237 shares during the period. NVIDIA accounts for about 6.8% of California State Teachers Retirement System’s investment portfolio, making the stock its biggest holding. California State Teachers Retirement System’s holdings in NVIDIA were worth $6,398,520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Core Wealth Advisors Inc. raised its position in shares of NVIDIA by 14.9% during the 1st quarter. Core Wealth Advisors Inc. now owns 12,424 shares of the computer hardware maker’s stock worth $2,167,000 after purchasing an additional 1,614 shares during the period. Richwood Investment Advisors LLC lifted its holdings in shares of NVIDIA by 14.5% in the 1st quarter. Richwood Investment Advisors LLC now owns 4,336 shares of the computer hardware maker’s stock worth $756,000 after purchasing an additional 550 shares during the last quarter. Eley Financial Management Inc boosted its position in NVIDIA by 28.5% during the 1st quarter. Eley Financial Management Inc now owns 56,452 shares of the computer hardware maker’s stock valued at $9,845,000 after purchasing an additional 12,520 shares during the period. Empowered Funds LLC grew its stake in NVIDIA by 47.5% during the 1st quarter. Empowered Funds LLC now owns 2,702,964 shares of the computer hardware maker’s stock worth $471,397,000 after buying an additional 870,355 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd grew its stake in NVIDIA by 1.6% during the 1st quarter. Evelyn Partners Asset Management Ltd now owns 21,638 shares of the computer hardware maker’s stock worth $3,774,000 after buying an additional 350 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Reports that SpaceX plans to deploy NVIDIA’s next-generation AI hardware across terrestrial and orbital computing infrastructure reinforced expectations for another major customer and expanded demand for NVIDIA systems. Time to Buy Nvidia or SpaceX Stock After Their AI Partnership?
• Positive Sentiment: Strong spending by hyperscalers, demand for AI data-center capacity, and NVIDIA-backed projects such as Firmus’ $2 billion fundraising in Australia and Asia-Pacific supported the view that AI infrastructure investment remains robust. Firmus nearly doubles valuation to over $10.5 billion
• Positive Sentiment: Analyst and market commentary highlighted NVIDIA’s leadership in sovereign AI, with one report estimating a 92% share, while investors continued to describe the company as evolving from a GPU supplier into a broader AI infrastructure platform. What’s Going On With NVIDIA Stock Friday?
• Positive Sentiment: Recent commentary pointed to accelerating AI demand, strong cash flow and valuation support, with the median analyst price target reported at $308.50 versus recent trading levels. Should You Buy NVIDIA Stock After Its 11% Rally in a Month?
• Neutral Sentiment: NVIDIA’s rally has lifted the stock roughly 12% over five sessions, increasing focus on the upcoming earnings report. Analysts remain constructive, but some traders are pausing because near-term catalysts may be limited after the sharp advance. Two reasons why Nvidia’s stock saw its biggest weekly surge
• Negative Sentiment: AMD’s acquisition of AI-inference chip startup Taalas could strengthen its competitive position and create a longer-term challenge to NVIDIA, although initial investor commentary suggested the deal does not immediately close NVIDIA’s AI gap. AMD Is Buying Its Way Deeper Into AI Inference
• Negative Sentiment: QuiverQuant data showed 45 NVIDIA insider sales and no insider purchases during the past six months, a potential caution signal as the stock trades near its highs. NVIDIA Stock Opinions on AI Market Position

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Stifel Nicolaus set a $282.00 target price on NVIDIA and gave the company a “buy” rating in a research note on Thursday, May 21st. Argus increased their price objective on shares of NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. China Renaissance started coverage on shares of NVIDIA in a research report on Friday, June 5th. They issued a “buy” rating and a $319.00 price objective on the stock. Jefferies Financial Group reissued a “buy” rating and set a $300.00 target price (up from $275.00) on shares of NVIDIA in a research note on Thursday, May 21st. Finally, DZ Bank restated a “buy” rating on shares of NVIDIA in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $304.26.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 885,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the sale, the director directly owned 5,207,271 shares of the company’s stock, valued at $1,094,412,146.07. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the transaction, the director owned 14,163 shares in the company, valued at approximately $3,030,882. This trade represents a 4.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,901,125 shares of company stock valued at $410,583,015 over the last ninety days. Insiders own 3.94% of the company’s stock.

NVIDIA Trading Up 2.3%

NVIDIA stock opened at $223.96 on Friday. NVIDIA Corporation has a 12-month low of $164.07 and a 12-month high of $236.54. 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 stock has a market capitalization of $5.42 trillion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 0.43 and a beta of 2.23. The firm has a 50 day simple moving average of $205.66 and a 200-day simple moving average of $197.19.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The firm had revenue of $81.61 billion during the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 earnings per share. As a group, equities research analysts expect that NVIDIA Corporation will post 8.79 EPS for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, June 4th. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s payout ratio is presently 15.31%.

NVIDIA declared that its board has authorized a share buyback plan on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is 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.