Strategic Advisory Partners LLC purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 3,141 shares of the computer hardware maker’s stock, valued at approximately $586,000. NVIDIA accounts for approximately 0.5% of Strategic Advisory Partners LLC’s portfolio, making the stock its 17th biggest holding.
Other institutional investors have also recently made changes to their positions in the company. Longfellow Investment Management Co. LLC increased its position in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new position in NVIDIA in the second quarter worth approximately $40,000. Inspire Investing LLC bought a new position in NVIDIA in the fourth quarter worth approximately $44,000. AlphaCentric Advisors LLC acquired a new stake in NVIDIA in the fourth quarter valued at approximately $45,000. Finally, Syntax Research Inc. grew its stake in NVIDIA by 62.5% in the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker’s stock valued at $49,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.
Key Stories Impacting NVIDIA
Here are the key news stories impacting NVIDIA this week:
- Positive Sentiment: Jensen Huang’s latest comments were interpreted as a sign that demand for NVIDIA’s AI hardware remains strong, reinforcing the view that the company still has room to grow from the AI buildout. 13 Words From Jensen Huang That Spell Good News for Nvidia Shareholders
- Positive Sentiment: Multiple reports highlighted NVIDIA’s expanding AI ecosystem, including XR AI/public beta, physical AI, and new partnerships, which supports the case that NVIDIA is moving beyond data centers into additional growth markets. How NVIDIA (NVDA) Is Extending Its AI Infrastructure Reach Into XR and Physical AI
- Positive Sentiment: NVIDIA was said to have taken the No. 1 spot in data-center Ethernet switching by revenue in Q1, underscoring that its networking business is becoming a more meaningful part of the AI stack. Nvidia takes No. 1 spot in data center ethernet switching by revenue in Q1: IDC
- Positive Sentiment: Analysts and market commentary continued to point to NVIDIA as a leading AI beneficiary versus weaker chip names, with several pieces framing it as a core alternative in the ongoing semiconductor rally. Analyst Warns Intel Valuation ‘Doesn’t Make Sense.’ Suggests NVIDIA, AMD, Micron, and Broadcom as Alternatives.
- Neutral Sentiment: Several articles noted that AI spending is broadening to suppliers, cloud providers, and custom-chip rivals, suggesting NVIDIA’s dominance is being challenged but not yet displaced. Google Is Using Nvidia’s Playbook to Build a Rival AI Chip Business
- Negative Sentiment: There were also warning signs for investors, including commentary that NVIDIA has slipped since its last earnings report and concerns that heavy AI infrastructure spending, debt financing, and competition from Amazon and Google could pressure long-term margins or growth rates. Nvidia (NVDA) Down 4% Since Last Earnings Report: Can It Rebound?
NVIDIA Price Performance
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The company had revenue of $81.61 billion during the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.NVIDIA’s revenue was up 85.2% on a year-over-year basis. During the same period last year, the business posted $0.81 earnings per share. On average, equities analysts anticipate that NVIDIA Corporation will post 8.65 EPS for the current 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 firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s payout ratio is 15.31%.
Insider Transactions at NVIDIA
In related news, 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 transaction, the director owned 116,135 shares in the company, valued at approximately $25,053,803.55. This represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 500,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $219.83, for a total transaction of $109,915,000.00. Following the sale, the director owned 6,399,771 shares of the company’s stock, valued at $1,406,861,658.93. This trade represents a 7.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,016,125 shares of company stock worth $224,582,565 in the last ninety days. Company insiders own 3.94% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on NVDA shares. DA Davidson reaffirmed a “buy” rating and set a $300.00 target price on shares of NVIDIA in a research report on Monday, June 1st. Evercore reissued an “outperform” rating and issued a $413.00 price target (up from $352.00) on shares of NVIDIA in a research report on Thursday, May 21st. CICC Research boosted their price target on shares of NVIDIA from $240.60 to $268.30 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Wolfe Research restated an “outperform” rating and set a $275.00 price objective on shares of NVIDIA in a report on Thursday, May 21st. Finally, Zacks Research lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $305.67.
Check Out Our Latest Research 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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