NVIDIA Corporation $NVDA Shares Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 92.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,285 shares of the computer hardware maker’s stock after acquiring an additional 42,336 shares during the period. NVIDIA makes up about 2.5% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 6th largest holding. K.J. Harrison & Partners Inc’s holdings in NVIDIA were worth $15,397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in NVDA. Lifetime Wealth Management P.C. acquired a new stake in shares of NVIDIA in the 4th quarter valued at about $26,000. Longview Financial Advisors Inc. acquired a new position in shares of NVIDIA during the first quarter worth about $27,000. Longfellow Investment Management Co. LLC boosted its position in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares during the period. Inspire Investing LLC bought a new position in shares of NVIDIA during the fourth quarter worth about $44,000. Finally, AlphaCentric Advisors LLC bought a new position in shares of NVIDIA during the fourth quarter worth about $45,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total value of $133,750.00. Following the completion of the transaction, the director owned 14,163 shares of the company’s stock, valued at $3,030,882. This trade represents a 4.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was 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 in the company, valued at $25,053,803.55. This represents a 11.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,901,125 shares of company stock valued at $410,583,015. 3.94% of the stock is currently owned by corporate insiders.

NVIDIA Stock Up 4.1%

NVDA stock opened at $211.80 on Wednesday. The company has a market cap of $5.13 trillion, a price-to-earnings ratio of 32.43, a P/E/G ratio of 0.45 and a beta of 2.21. NVIDIA Corporation has a twelve month low of $164.07 and a twelve month high of $236.54. The business has a 50 day moving average price of $209.87 and a two-hundred day moving average price of $194.76. 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) 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 analysts’ consensus estimates of $1.76 by $0.11. The company had revenue of $81.61 billion for the quarter, compared to analysts’ expectations of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business’s revenue was up 85.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 EPS. Analysts anticipate that NVIDIA Corporation will post 8.8 EPS for the current fiscal year.

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 reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

NVIDIA Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. HSBC restated a “buy” rating and issued a $325.00 target price (up from $295.00) on shares of NVIDIA in a research note on Tuesday, May 19th. Evercore reaffirmed an “outperform” rating and set a $413.00 price target (up from $352.00) on shares of NVIDIA in a research note on Thursday, May 21st. Itau BBA Securities lowered their price objective on shares of NVIDIA from $256.00 to $218.00 in a report on Wednesday, June 24th. Melius Research set a $400.00 price objective on shares of NVIDIA in a research report on Thursday, May 21st. Finally, Craig Hallum increased their target price on shares of NVIDIA from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $304.26.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: KeyBanc raised its price target on NVIDIA to $330 from $310 and kept an Overweight rating, reinforcing the bullish view that earnings and AI demand remain strong. What Is Going on With NVIDIA Stock on Tuesday?
• Positive Sentiment: Wall Street commentary continues to highlight NVIDIA as a core beneficiary of the AI buildout, with analysts pointing to expanding partnerships, data center demand, and strong long-term growth prospects. NVIDIA’s AI Partnerships Expand: Can This Keep NVDA Ahead of Rivals?
• Positive Sentiment: Reports that China may allow a limited number of top AI firms to buy NVIDIA H200 chips suggest a possible, though still constrained, reopening of a key market. US official says shipments of H200 chips to China have begun
• Positive Sentiment: Broader market tone also helped, as chipmakers led the Nasdaq higher and investors favored hardware names over software stocks. S&P 500, Nasdaq End Higher On Support From Chipmakers, Cybersecurity Stocks And Soft Inflation Data — NVDA, GS, SKHY, VZ, LCID In Focus
• Neutral Sentiment: Several articles frame NVIDIA as still the dominant AI chip leader, but note that expectations are already very high and that the stock may need continued execution to justify further upside. Nvidia’s China Comeback Finally Begins — But Here’s Why Investors Should Keep Expectations in Check
• Neutral Sentiment: At the same time, there are reminders that the China recovery is still limited and that supply, regulation, and competition could keep the upside from being linear. U.S. trade official says ‘very few’ Nvidia H200 AI chips have been shipped to China
• Negative Sentiment: Recent coverage also points to ongoing risks from U.S.-China trade controls and tighter compliance rules, which could limit how much NVIDIA benefits from China in the near term. Nvidia halves Asia buyer list in China chip crackdown, FT reports

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.