NVIDIA Corporation $NVDA Shares Sold by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,991 shares of the computer hardware maker’s stock after selling 6,189 shares during the quarter. NVIDIA comprises about 4.6% of Legacy Capital Group California Inc.’s investment portfolio, making the stock its 2nd largest holding. Legacy Capital Group California Inc.’s holdings in NVIDIA were worth $19,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Longfellow Investment Management Co. LLC boosted its holdings 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 valued at $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new stake in NVIDIA in the second quarter worth about $40,000. Sellwood Investment Partners LLC acquired a new stake in NVIDIA in the third quarter worth about $50,000. Networth Advisors LLC acquired a new stake in NVIDIA in the fourth quarter worth about $51,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new stake in NVIDIA in the second quarter worth about $54,000. 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: Multiple reports said the U.S. has cleared Nvidia’s H200 AI chips for sale to about 10 Chinese companies, raising hopes for a meaningful rebound in China-related data center revenue. Reuters article
• Positive Sentiment: UBS and Cantor Fitzgerald both raised price targets on NVIDIA, reinforcing Wall Street’s view that AI demand and data center growth still have room to drive further upside. Proactive Investors article American Banking News article
• Positive Sentiment: Investors are increasingly betting that Nvidia will beat Q1 FY2027 expectations, with several previews citing strong hyperscaler spending, AI infrastructure demand, and a possible revenue surprise. Seeking Alpha article Investopedia article
• Neutral Sentiment: Coverage this morning emphasized that Nvidia’s stock has run hard into earnings, so some investors are locking in gains and watching whether the report can justify the valuation. CNBC article
• Negative Sentiment: The broader semiconductor complex sold off today, and some articles noted that Nvidia’s China opportunity is still not fully secured because approvals, deliveries, and Chinese domestic-chip competition remain uncertain. Benzinga article CNBC article

NVIDIA Price Performance

Shares of NVIDIA stock opened at $225.32 on Friday. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $192.36 and its two-hundred day moving average price is $188.38. NVIDIA Corporation has a 52 week low of $129.16 and a 52 week high of $236.54. The stock has a market cap of $5.46 trillion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 0.74 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The firm had revenue of $68.13 billion for the quarter, compared to analysts’ expectations of $65.56 billion. During the same period in the previous year, the business earned $0.89 earnings per share. NVIDIA’s revenue for the quarter was up 73.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 7.84 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is 0.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. William Blair set a $300.00 price objective on shares of NVIDIA in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NVIDIA in a report on Friday, April 10th. Cantor Fitzgerald upped their price objective on shares of NVIDIA from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday. Wall Street Zen downgraded shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 price objective on shares of NVIDIA in a report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Buy” and a consensus price target of $276.56.

Insider Activity

In other NVIDIA news, EVP Ajay K. Puri sold 300,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total transaction of $54,675,000.00. Following the sale, the executive vice president owned 3,018,547 shares in the company, valued at approximately $550,130,190.75. The trade was a 9.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Dabiri sold 3,004 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $184.90, for a total value of $555,439.60. Following the sale, the director owned 14,788 shares in the company, valued at approximately $2,734,301.20. The trade was a 16.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 906,336 shares of company stock worth $162,802,518. 4.17% of the stock is owned by company insiders.

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.