Alta Park Capital LP Has $42.13 Million Position in NVIDIA Corporation $NVDA

Key Points

• Alta Park Capital LP increased its NVIDIA stake by 2.9% in the fourth quarter, bringing its holdings to 225,911 shares valued at about $42.13 million. NVIDIA is now the fund’s 4th largest holding and makes up 5.1% of its portfolio.
• Wall Street remains broadly bullish on NVIDIA, with several analysts raising price targets and the stock carrying an average “Buy” rating and a consensus price target of $305.67. The company also has heavy institutional ownership, with investors holding 65.27% of the shares.
• NVIDIA continues to post strong operating results, recently reporting $1.87 EPS and $81.62 billion in revenue, both above expectations. The company also boosted its quarterly dividend and authorized an $80 billion stock buyback, while some insider selling and valuation concerns remain in the background.

Alta Park Capital LP grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,911 shares of the computer hardware maker's stock after purchasing an additional 6,410 shares during the period. NVIDIA makes up 5.1% of Alta Park Capital LP's portfolio, making the stock its 4th biggest holding. Alta Park Capital LP's holdings in NVIDIA were worth $42,132,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NVDA. Norges Bank bought a new position in shares of NVIDIA during the 4th quarter valued at about $62,244,133,000. J. Stern & Co. LLP boosted its position in shares of NVIDIA by 13,709.1% during the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock valued at $23,454,297,000 after purchasing an additional 124,849,603 shares in the last quarter. Cardano Risk Management B.V. boosted its position in shares of NVIDIA by 896.4% during the 4th quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker's stock valued at $14,570,119,000 after purchasing an additional 70,283,539 shares in the last quarter. Capital Research Global Investors boosted its position in shares of NVIDIA by 16.1% during the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock valued at $30,855,564,000 after purchasing an additional 22,896,705 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its position in shares of NVIDIA by 15,496.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker's stock valued at $3,454,534,000 after purchasing an additional 21,725,326 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on NVDA. Morgan Stanley set a $288.00 price objective on shares of NVIDIA and gave the company an "overweight" rating in a research note on Thursday, May 21st. President Capital upped their price objective on shares of NVIDIA from $280.00 to $295.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Stifel Nicolaus set a $282.00 price objective on shares of NVIDIA and gave the company a "buy" rating in a research note on Thursday, May 21st. UBS Group upped their price objective on shares of NVIDIA from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Finally, CICC Research upped their price objective 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. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of "Buy" and an average price target of $305.67.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s bond sale drew strong demand, with reports that the company booked about $85 billion in orders for its jumbo debt offering. That suggests investors still see NVDA as a high-quality credit and gives the company more flexibility to fund its AI infrastructure buildout. Article Title
• Positive Sentiment: Several articles highlighted continued AI demand and upbeat commentary around NVIDIA’s growth, including strong revenue, expanding margins, and analyst views that the stock still looks attractive relative to peers. Article Title
• Positive Sentiment: Recent partnerships and ecosystem wins, including HPE’s AI Factory expansion with NVIDIA and other data-center related deals, reinforce NVDA’s central role in AI infrastructure. Article Title
• Neutral Sentiment: NVIDIA executives, including Jensen Huang, continued to promote AI as a long-term driver for U.S. manufacturing and jobs, but these comments were mostly thematic and did not include a new financial catalyst. Article Title
• Negative Sentiment: Multiple reports warned that NVIDIA could face an AI funding squeeze as customers and infrastructure partners rely more heavily on debt and become more disciplined about capital spending. That concern is weighing on sentiment across AI stocks, including NVDA. Article Title
• Negative Sentiment: Short-seller Jim Chanos’ comparison of the AI buildout to the dot-com era added to worries that the current AI capex boom could eventually slow or disappoint, pressuring sentiment on NVIDIA and peers. Article Title
• Negative Sentiment: There were also repeated headlines about NVIDIA being “under pressure” and lagging some semiconductor peers, reflecting investor concern that the stock may be pausing after a huge run and facing valuation scrutiny. Article Title

NVIDIA Price Performance

NASDAQ NVDA opened at $204.65 on Thursday. The company has a 50 day simple moving average of $208.68 and a 200-day simple moving average of $192.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The firm has a market capitalization of $4.95 trillion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 0.46 and a beta of 2.22. NVIDIA Corporation has a 52-week low of $142.03 and a 52-week high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $81.62 billion during the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm's revenue was up 85.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 earnings per share. Equities research analysts predict that NVIDIA Corporation will post 8.65 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from NVIDIA's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, June 4th. NVIDIA's payout ratio is currently 15.31%.

NVIDIA declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Insider Activity at NVIDIA

In related news, Director Stephen C. Neal sold 15,500 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 625 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the transaction, the director directly owned 14,163 shares in the company, valued at approximately $3,030,882. The trade was a 4.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,300,457 shares of company stock valued at $274,041,153 over the last ninety days. 3.94% of the stock is owned by company insiders.

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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