Evansbrook LLC Acquires Shares of 37,478 NVIDIA Corporation $NVDA

Evansbrook LLC acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 37,478 shares of the computer hardware maker’s stock, valued at approximately $6,990,000. NVIDIA accounts for approximately 4.7% of Evansbrook LLC’s investment portfolio, making the stock its 3rd biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rare Wolf Capital LLC acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $6,105,000. Harbour Wealth Management Group Inc. purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $458,000. Lexington Hill Partners LLC acquired a new position in NVIDIA during the fourth quarter worth $522,000. First Growth Capital LLC acquired a new position in NVIDIA during the fourth quarter worth $799,000. Finally, Axxcess Wealth Management LLC raised its position in NVIDIA by 7.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 600,270 shares of the computer hardware maker’s stock worth $111,578,000 after acquiring an additional 39,606 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, Director Stephen C. Neal sold 15,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the transaction, the director owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. This represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 500,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 6,399,771 shares in the company, valued at approximately $1,406,861,658.93. This trade represents a 7.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,016,125 shares of company stock worth $224,582,565 over the last ninety days. 3.94% of the stock is currently owned by corporate insiders.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA was highlighted as an anchor investor in Helix Digital Infrastructure’s new $10 billion AI buildout initiative, reinforcing its central role in financing and shaping the broader AI infrastructure expansion. NVIDIA Corporation (NVDA) Invests in a $10B AI Buildout Initiative
• Positive Sentiment: HIVE Digital announced a $220 million AI infrastructure contract that will deploy 2,304 NVIDIA Grace Blackwell GPUs, adding another example of strong real-world demand for NVIDIA hardware in high-performance computing and AI cloud workloads. HIVE secures $220M AI infrastructure contract with Bell and Cohere
• Positive Sentiment: NVIDIA gained visibility from a new ETF launch, PurePlay NVPS, which is designed to track companies supporting the NVIDIA-led AI buildout; that kind of product can broaden investor exposure to the ecosystem and keep the NVIDIA trade in focus. Exchange Traded Concepts Announces Launch of PurePlay Nvidia Ecosystem Picks & Shovels Index ETF (Nasdaq: NVPS) with PurePlay ETFs
• Positive Sentiment: IDC reports that NVIDIA took the No. 1 spot in data center Ethernet switching revenue in Q1, suggesting the company is extending its reach beyond GPUs into more of the AI infrastructure stack. Nvidia takes No. 1 spot in data center ethernet switching by revenue in Q1: IDC
• Neutral Sentiment: Several articles focused on NVIDIA’s broad market influence, recent analyst praise, and CEO Jensen Huang’s comments about AI demand, which support the long-term story but do not change the near-term fundamentals by themselves.
• Negative Sentiment: Amazon’s reported discussions about selling its own AI chips and pushing Trainium deeper into the market could increase competition for NVIDIA in cloud AI accelerators over time. Amazon hopes to challenge Nvidia more directly by selling its AI chips
• Negative Sentiment: Some coverage also warned that AI spending may face a funding squeeze and that major investors such as Michael Burry remain skeptical, which can weigh on sentiment around NVIDIA’s premium valuation. Nvidia Stock Braced for AI Funding Squeeze

NVIDIA Stock Up 3.0%

NVDA opened at $210.69 on Friday. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The firm has a market cap of $5.10 trillion, a P/E ratio of 32.26, a PEG ratio of 0.46 and a beta of 2.22. NVIDIA Corporation has a 52 week low of $142.03 and a 52 week high of $236.54. The business’s fifty day simple moving average is $209.33 and its 200 day simple moving average is $192.25.

NVIDIA (NASDAQ:NVDA) last posted 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. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm had revenue of $81.61 billion during the quarter, compared to analysts’ expectations of $78.42 billion. During the same quarter last year, the business posted $0.81 EPS. The firm’s quarterly revenue was up 85.2% compared to the same quarter last year. As a group, equities research analysts anticipate that NVIDIA Corporation will post 8.65 EPS for the current fiscal year.

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

NVIDIA Increases Dividend

The company also recently declared 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%. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, June 4th. NVIDIA’s payout ratio is presently 15.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. CICC Research raised their target price on NVIDIA from $240.60 to $268.30 and gave the company an “outperform” rating in a report on Friday, May 22nd. Craig Hallum upped their price target on shares of NVIDIA from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Fundamental Research set a $218.00 price target on shares of NVIDIA in a report on Thursday, February 26th. Piper Sandler reiterated an “overweight” rating on shares of NVIDIA in a research note on Thursday, February 26th. Finally, Mizuho set a $300.00 price objective on shares of NVIDIA in a research note on Thursday, May 21st. Three research 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. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and a consensus target price of $305.67.

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.