Alta Wealth Advisors LLC Buys 2,840 Shares of NVIDIA Corporation $NVDA

Key Points

• Alta Wealth Advisors LLC increased its NVIDIA stake by 4.0% in the fourth quarter, buying 2,840 shares and bringing its total holding to 73,913 shares worth about $13.8 million.
• NVIDIA reported strong quarterly results, beating EPS and revenue estimates with $1.87 EPS and $81.62 billion in revenue, while revenue jumped 85.2% year over year.
• The company also boosted shareholder returns by raising its quarterly dividend to $0.25 per share and authorizing an $80 billion share repurchase program.

Alta Wealth Advisors LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,913 shares of the computer hardware maker's stock after acquiring an additional 2,840 shares during the period. NVIDIA makes up 4.6% of Alta Wealth Advisors LLC's investment portfolio, making the stock its 4th largest position. Alta Wealth Advisors LLC's holdings in NVIDIA were worth $13,785,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Longfellow Investment Management Co. LLC boosted its position in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA in the second quarter worth approximately $40,000. Syntax Research Inc. boosted its position in shares of NVIDIA by 62.5% in the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock worth $49,000 after acquiring an additional 100 shares during the last quarter. Sellwood Investment Partners LLC acquired a new stake in shares of NVIDIA in the third quarter worth approximately $50,000. Finally, Networth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth approximately $51,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Up 0.8%

NASDAQ NVDA opened at $214.25 on Friday. The company's fifty day simple moving average is $198.67 and its 200-day simple moving average is $189.55. NVIDIA Corporation has a 52 week low of $132.92 and a 52 week high of $236.54. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. The stock has a market cap of $5.18 trillion, a P/E ratio of 32.81, a PEG ratio of 0.51 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business had revenue of $81.62 billion for the quarter, compared to analysts' expectations of $78.42 billion. During the same period in the previous year, the company posted $0.81 earnings per share. The business's revenue for the quarter was up 85.2% compared to the same quarter last year. Equities research analysts predict that NVIDIA Corporation will post 8.04 EPS for the current fiscal year.

NVIDIA Increases Dividend

The company 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 is an increase from NVIDIA's previous quarterly dividend of $0.01. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA's dividend payout ratio is presently 0.61%.

NVIDIA announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Wall Street analysts remain constructive after earnings, with Truist raising its price target to $307 and Tigress Financial lifting its target to $425, citing NVIDIA’s dominant position in AI hardware and strong growth outlook.
• Positive Sentiment: Management’s Taiwan expansion plan is reinforcing the long-term AI demand story. NVIDIA said it plans to spend about $150 billion a year in Taiwan and build a new headquarters there, underscoring confidence in the supply chain and future production capacity.
• Positive Sentiment: Recent commentary continues to frame NVIDIA as a key beneficiary of the AI infrastructure buildout, with articles pointing to ongoing shortages in memory, networking, and power as evidence that demand for NVIDIA’s Blackwell systems remains very strong.
• Neutral Sentiment: Several articles highlight Jensen Huang’s growing influence and visibility, including reports that he may join the advisory board of Tsinghua University and that he is now among the world’s richest people. These are notable but not direct stock catalysts.
• Neutral Sentiment: A number of pieces focus on broader AI ecosystem developments, including Groq’s fundraising, IREN’s Blackwell purchase, and other semiconductor names benefiting from the AI trade. These reinforce sector momentum but are mostly indirect for NVDA.
• Negative Sentiment: Some investors are worried NVIDIA’s valuation has become stretched and that the AI trade may be crowded, with bearish commentary warning that a lot of good news may already be priced in.
• Negative Sentiment: There are also geopolitical and regulatory concerns, including reports of possible NVIDIA chip smuggling to China via Japan, which could revive scrutiny around export controls and China exposure.

Analyst Ratings Changes

Several research firms recently issued reports on NVDA. William Blair set a $300.00 target price on shares of NVIDIA in a research report on Thursday, March 12th. Rothschild & Co Redburn raised their target price on shares of NVIDIA from $280.00 to $300.00 and gave the stock a "buy" rating in a research report on Tuesday. DZ Bank reissued a "buy" rating on shares of NVIDIA in a research report on Thursday, May 21st. BTIG Research assumed coverage on shares of NVIDIA in a research report on Wednesday, April 15th. They issued a "buy" rating on the stock. Finally, Seaport Research Partners lifted their price target on shares of NVIDIA from $140.00 to $180.00 and gave the company a "sell" rating in a research report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, NVIDIA currently has a consensus rating of "Buy" and a consensus target price of $305.38.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 42,650 shares of the business's stock in a transaction on 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 transaction, the chief financial officer directly owned 881,387 shares of the company's stock, valued at approximately $154,145,772.43. The trade was a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 300,000 shares of the business's stock in a transaction on 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 transaction, the executive vice president directly owned 3,018,547 shares in the company, valued at approximately $550,130,190.75. The trade was a 9.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 906,336 shares of company stock valued at $162,802,518. 3.94% of the stock is owned by company insiders.

About NVIDIA

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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