Newport Capital Group LLC reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 74.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,870 shares of the computer hardware maker’s stock after selling 5,344 shares during the period. NVIDIA accounts for approximately 0.2% of Newport Capital Group LLC’s investment portfolio, making the stock its 18th biggest holding. Newport Capital Group LLC’s holdings in NVIDIA were worth $349,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Houlihan Financial Resource Group Ltd. grew its holdings in NVIDIA by 482.3% during the 4th quarter. Houlihan Financial Resource Group Ltd. now owns 11,908 shares of the computer hardware maker’s stock worth $2,233,000 after acquiring an additional 9,863 shares during the period. Carnegie Lake Advisors LLC grew its holdings in NVIDIA by 1.5% during the 4th quarter. Carnegie Lake Advisors LLC now owns 5,853 shares of the computer hardware maker’s stock worth $1,092,000 after acquiring an additional 85 shares during the period. Novak & Powell Financial Services Inc. grew its holdings in NVIDIA by 4.4% during the 4th quarter. Novak & Powell Financial Services Inc. now owns 17,793 shares of the computer hardware maker’s stock worth $3,318,000 after acquiring an additional 746 shares during the period. Constant Guidance Financial LLC grew its holdings in NVIDIA by 260.6% during the 4th quarter. Constant Guidance Financial LLC now owns 13,564 shares of the computer hardware maker’s stock worth $2,530,000 after acquiring an additional 9,803 shares during the period. Finally, Foundations Investment Advisors LLC grew its holdings in NVIDIA by 12.0% during the 4th quarter. Foundations Investment Advisors LLC now owns 770,937 shares of the computer hardware maker’s stock worth $143,780,000 after acquiring an additional 82,814 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.
More NVIDIA News
Here are the key news stories impacting NVIDIA this week:
- Positive Sentiment: NVIDIA continues to add major AI customers and partners, including reports that Apple will use NVIDIA GPUs via Google Cloud for advanced AI workloads, plus expanded cooperation with SK Group/SK Telecom in South Korea to strengthen AI infrastructure and secure HBM memory supply. These deals reinforce demand for NVIDIA’s chips and platform. Apple partnering with Google and Nvidia for most advanced AI model Nvidia CEO says company is working with LG on humanoid robots and data centers
- Positive Sentiment: Analyst sentiment remains constructive, with Sanford C. Bernstein reiterating a Buy rating and other commentary arguing NVDA still has meaningful upside after the recent pullback. MarketScreener
- Positive Sentiment: Jensen Huang’s “buy the dip” message is helping support sentiment, as investors view the recent chip-sector weakness as a correction rather than a breakdown in NVIDIA’s AI demand story. Nvidia CEO Sees Opportunity in Chip Selloff
- Neutral Sentiment: Macro news is also contributing to volatility, with tech stocks hit by a broader market rotation, Iran-related headlines, and concerns ahead of CPI inflation data. That backdrop is pressuring NVIDIA alongside the rest of the semiconductor group. Dow Jones Futures Fall On Iran News After Market Whipsaws; CPI Inflation On Tap
- Negative Sentiment: Several articles highlighted renewed short interest, sector-wide semiconductor selling, and warnings that AI stocks may be vulnerable if earnings growth does not keep up with valuations. That is adding near-term caution around NVDA. Semiconductor shorts pile on as winning trade reverses Jim Cramer Warns: AI Stocks Face 50% Crash Without Earnings Growth
NVIDIA Price Performance
NVIDIA (NASDAQ:NVDA – Get Free Report) last released 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 $81.62 billion for the quarter, compared to analysts’ expectations of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business’s revenue was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. Equities research analysts expect that NVIDIA Corporation will post 8.61 EPS for the current fiscal year.
NVIDIA announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in shares. This buyback authorization authorizes the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
NVIDIA Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be paid a $0.25 dividend. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA’s dividend payout ratio (DPR) is 15.31%.
Insider Transactions at NVIDIA
In other NVIDIA news, Director Aarti S. Shah sold 19,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $176.71, for a total value of $3,357,490.00. Following the completion of the sale, the director owned 36,007 shares in the company, valued at approximately $6,362,796.97. This trade represents a 34.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction dated 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 completion of the sale, the director owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,622,461 shares of company stock worth $332,629,083. Company insiders own 3.94% of the company’s stock.
Analyst Upgrades and Downgrades
NVDA has been the subject of a number of recent analyst reports. Citigroup initiated coverage on NVIDIA in a report on Wednesday, April 15th. They set a “buy” rating for the company. Bank of America reiterated a “buy” rating and set a $350.00 price target (up from $320.00) on shares of NVIDIA in a report on Thursday, May 21st. Royal Bank Of Canada set a $280.00 price target on NVIDIA in a report on Thursday, May 21st. Raymond James Financial reiterated a “strong-buy” rating and set a $330.00 price target on shares of NVIDIA in a report on Thursday, May 21st. Finally, Susquehanna reiterated a “positive” rating and set a $275.00 price target (up from $250.00) on shares of NVIDIA in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $305.67.
Check Out Our Latest Report on NVDA
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.
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