DAVENPORT & Co LLC Decreases Position in NVIDIA Corporation $NVDA

DAVENPORT & Co LLC reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,008,605 shares of the computer hardware maker’s stock after selling 17,634 shares during the period. NVIDIA makes up 2.0% of DAVENPORT & Co LLC’s investment portfolio, making the stock its 5th biggest position. DAVENPORT & Co LLC’s holdings in NVIDIA were worth $374,976,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Joule Financial LLC increased its position in shares of NVIDIA by 2.2% during the 3rd quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker’s stock valued at $431,000 after purchasing an additional 50 shares during the last quarter. Vision Financial Markets LLC raised its holdings in shares of NVIDIA by 1.2% during the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock valued at $866,000 after buying an additional 53 shares in the last quarter. Websterrogers Financial Advisors LLC lifted its position in NVIDIA by 2.6% in the 3rd quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker’s stock worth $395,000 after buying an additional 54 shares during the last quarter. IMG Wealth Management Inc. lifted its position in NVIDIA by 1.4% in the 3rd quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker’s stock worth $713,000 after buying an additional 54 shares during the last quarter. Finally, Cyr Financial Inc. boosted its stake in NVIDIA by 0.7% in the third quarter. Cyr Financial Inc. now owns 7,737 shares of the computer hardware maker’s stock worth $1,444,000 after buying an additional 54 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Colette Kress sold 42,650 shares of NVIDIA 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 $154,145,772.43. This trade represents a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 300,000 shares of the company’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 completion of the sale, the executive vice president owned 3,018,547 shares in the company, valued at approximately $550,130,190.75. This trade represents a 9.04% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,401,616 shares of company stock worth $253,555,407. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $165.17 on Tuesday. 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 has a 50-day moving average price of $182.99 and a 200-day moving average price of $184.30. The company has a market cap of $4.01 trillion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 0.56 and a beta of 2.33. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The business had revenue of $68.13 billion during the quarter, compared to analysts’ expectations of $65.56 billion. During the same quarter last year, the business posted $0.89 EPS. The business’s revenue was up 73.2% on a year-over-year basis. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is currently 0.82%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and set a $265.00 price target on shares of NVIDIA in a research note on Thursday, February 26th. BNP Paribas Exane upped their price objective on shares of NVIDIA from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research report on Tuesday, March 17th. Raymond James Financial boosted their price target on shares of NVIDIA from $291.00 to $323.00 and gave the stock a “strong-buy” rating in a research note on Thursday, March 19th. Finally, Wedbush upped their price target on shares of NVIDIA from $230.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Buy” and an average target price of $275.95.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA is accelerating cloud demand via a $2 billion investment/partnership with Nebius to build a full‑stack, NVIDIA‑powered AI cloud and support multiple gigawatts of capacity through 2030 — a long‑dated demand outlet for GPUs and data‑center chips. AI Infrastructure Wars Are Officially Here — Nvidia’s $2B Nebius Push Just Turned Up the Heat
• Positive Sentiment: Large AI customers continue to back NVIDIA hardware: French startup Mistral raised debt to build an NVIDIA‑powered data center (plans to use tens of thousands of GPUs), signaling meaningful near‑term procurement for high‑end chips. That supports revenue visibility for NVDA’s data‑center segment. Mistral secures $830 million in debt financing to fund AI data center
• Positive Sentiment: Enterprise adoption: Coupang announced an “AI factory” built with NVIDIA tech to automate logistics and delivery — another example of vertical integration that should sustain recurring GPU/cloud spend from large platform customers. Coupang (CPNG) and Nvidia Build AI Factory for Logistics Operations
• Positive Sentiment: Wall‑street/strategist support: Bank of America and other outlets keep NVIDIA among top AI/semiconductor picks, which could underpin buy‑side interest if near‑term earnings continue to beat. BofA Reveals Top AI Semiconductor Picks: NVIDIA (NVDA), Broadcom (AVGO), and AMD Lead
• Neutral Sentiment: Ecosystem recognition and partnerships (eg. IGEL partner awards, Dassault Systèmes integrations) highlight broad platform adoption but are incremental vs. large data‑center orders. IGEL Recognizes Nutanix, Omnissa, NVIDIA, HP and Imprivata as 2026 IGEL Ready Partners of the Year
• Neutral Sentiment: Smaller ecosystem news (startups naming NVIDIA as a customer, like Qodo) validate enterprise traction but are not material revenue drivers on their own. Qodo Raises $70M to Accelerate Fight Against Software Slop From OpenClaw and Claude Code
• Negative Sentiment: Valuation and sentiment drag: NVDA’s P/E has fallen to multi‑year lows amid geopolitical risk and market risk‑off, compressing multiples even as revenue growth stays strong — that increases downside if macro volatility persists. Nvidia’s PE sinks to seven-year low as war and AI angst weigh
• Negative Sentiment: Institutional repositioning: Reports say institutions cut >$70B of NVDA exposure in recent filings — large outflows or rebalancing can amplify volatility and pressure price in the near term. Institutions have dumped over $70 billion of Nvidia stock
• Negative Sentiment: Operational/supply risks: Reports flag potential production headwinds (eg. helium shortages for chip manufacturing) that could constrain supply or increase costs if they persist. Nvidia: Helium Shortage Problems

NVIDIA Company 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.