NVIDIA stock activity shows a notable shift in institutional holdings as Zweig DiMenna Associates trimmed its stake significantly in the first quarter, according to the firm’s latest 13F filing.
Key takeaways
– Zweig DiMenna Associates reduced its NVIDIA stake by 66.7%, selling 313,805 shares and ending with 156,740 shares worth about $16.99 million. The position accounted for roughly 2.7% of the firm’s holdings, ranking NVIDIA as its 10th-largest holding.
– Across the hedge-fund and institutional landscape, several accounts initiated or increased positions in NVIDIA, while others trimmed or exited. New or increased positions included Copia Wealth Management, LSV Asset Management, Barnes Dennig Private Wealth Management, and Bruce G. Allen Investments. Kathleen S. Wright Associates also added to its NVIDIA stake. Overall, hedge funds and other institutions own about 65.27% of NVIDIA.
Analyst and market view
– Wall Street remains broadly positive on NVIDIA, with multiple firms lifting price targets and rating suggestions. DA Davidson increased its target to 135 with a neutral stance; TD Cowen raised its target to 235 and issued a buy rating; Wells Fargo moved to an overweight rating with a target of 220; Bank of America lifted its target to 220; Barclays also raised its target to 200 and an overweight stance. Market participants generally describe NVIDIA as a Moderate Buy on consensus, with the aggregate target around 194.31.
– The stock’s trading action reflected ongoing interest, with shares recently around the $181.77 mark, accompanied by notable trading volume.
Fundamentals and recent results
– NVIDIA’s latest trading session showed robust liquidity indicators: debt-to-equity near 0.10, current ratio about 3.39, and a quick ratio near 2.96. The company’s market capitalization sits around $4.44 trillion, with a price-to-earnings ratio of 58.64 and a PEG of 1.56. The beta stood at 2.14, illustrating the stock’s higher sensitivity relative to the broader market. Its 52-week range spans roughly $86.62 to $184.48.
– In the most recent quarterly results, NVIDIA reported earnings per share of $0.81, short of the consensus estimate of $0.87, while revenue reached $44.06 billion, topping expectations of about $43.09 billion. Year-over-year revenue rose approximately 69%, and the company posted a return on equity above 105% with a net margin around 51.7%.
– For the current fiscal year, analysts’ consensus points to about $2.77 in earnings per share. NVIDIA also announced a quarterly dividend of $0.01 per share, paid on July 3 to shareholders of record as of June 11.
Insider activity and corporate leadership notes
– In the most recent insider moves, CFO Colette Kress sold 27,640 NVIDIA shares on August 4 at about $178.06, reducing her direct holding slightly. CEO Jensen Huang sold 75,000 shares on August 15 at around $179.76, a small percentage of his total stake. Over the prior ninety days, insiders collectively sold about 5.91 million shares, with insiders owning roughly 4.17% of the company’s stock.
What this suggests for investors
– NVIDIA remains a dominant force in AI compute and graphics solutions, with substantial revenue growth and high operating margins supporting its long-term trajectory. The broad diversification of institutional interest—coupled with some high-profile insider selling—appears consistent with routine portfolio rebalancing and liquidity management rather than a fundamental shift in confidence in NVIDIA’s core AI and data center business.
– While near-term earnings per share missed the Street’s consensus in the latest report, the company continues to demonstrate rapid top-line growth and strong market demand for its products and platforms. The valuation remains elevated, but many analysts see this as justified by its leadership position in AI hardware and software ecosystems.
Summary
– The first-quarter shift in investor positioning, including a substantial reduction by a notable allocator like Zweig DiMenna and ongoing insider activity, underscores a period of reassessment among investors. Yet NVIDIA’s fundamentals, revenue momentum, and long-term AI demand story support cautiously positive sentiment, with a broad mix of price targets and ratings signaling continued interest from the investment community. Investors should weigh near-term earnings modestly against sustained growth catalysts in data centers, AI workloads, and related technologies.