BankPlus Wealth Management LLC Sells 3,476 Shares of NVIDIA Corporation $NVDA

Key Points

• BankPlus Wealth Management LLC cut its NVIDIA stake by 28.5% in the fourth quarter, selling 3,476 shares and leaving it with 8,702 shares valued at about $1.62 million.
• NVIDIA continues to draw strong interest from institutions and analysts, with several major firms raising price targets and the stock maintaining an average Buy rating and roughly $305 price target.
• The company reported strong quarterly results, posting EPS of $1.87 on revenue of $81.62 billion, while also boosting its dividend and authorizing an $80 billion share buyback.

BankPlus Wealth Management LLC lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 28.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,702 shares of the computer hardware maker's stock after selling 3,476 shares during the period. NVIDIA comprises about 0.9% of BankPlus Wealth Management LLC's investment portfolio, making the stock its 20th biggest holding. BankPlus Wealth Management LLC's holdings in NVIDIA were worth $1,623,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE raised its stake in NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after buying an additional 3,653 shares in the last quarter. Hudson Value Partners LLC lifted its holdings in NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after buying an additional 11,900 shares during the period. Finally, Wealth Group Ltd. boosted its position in NVIDIA by 15.7% during the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock valued at $715,000 after acquiring an additional 896 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA unveiled its RTX Spark PC superchip and a broader push into AI PCs with partners like Microsoft, Dell, HP, and Lenovo, opening a new market beyond data centers and pressuring Intel, AMD, and Qualcomm. Nvidia's new chip to power fresh line of Windows laptops by Dell, HP
• Positive Sentiment: The company also launched Vera Rubin, Vera CPU, and the DSX AI-factory platform, signaling stronger long-term demand for its chips, networking, software, and infrastructure tools. NVIDIA Vera Rubin ramps into full production
• Positive Sentiment: CEO Jensen Huang’s comments boosted the AI ecosystem around NVIDIA, with Marvell, Arm, and several infrastructure partners rallying on his endorsements and product roadmap. Nvidia's Jensen Huang says Marvell could be the next trillion-dollar company
• Positive Sentiment: Needham reaffirmed a Buy rating and raised its price target to $270, adding to a generally bullish analyst backdrop for NVDA. Benzinga report on Needham rating
• Neutral Sentiment: Some articles noted that NVDA has been consolidating near highs and that a near-term pullback is possible after the recent run, even though the longer-term thesis remains intact.
• Negative Sentiment: There were also reminders of risks, including U.S.-China export scrutiny, Chinese efforts to build alternatives, and reports of insider selling, which could temper enthusiasm around the stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NVDA shares. TD Cowen restated a "buy" rating and set a $275.00 price target (up from $235.00) on shares of NVIDIA in a research report on Friday, May 15th. Bank of America reissued a "buy" rating and set a $350.00 price objective (up from $320.00) on shares of NVIDIA in a research report on Thursday, May 21st. UBS Group boosted their price objective on shares of NVIDIA from $275.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Morgan Stanley set a $288.00 price target on NVIDIA and gave the stock an "overweight" rating in a research report on Thursday, May 21st. Finally, Rothschild & Co Redburn upped their price target on NVIDIA from $280.00 to $300.00 and gave the stock a "buy" rating in a research note on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $305.38.

Insider Buying and Selling

In other news, Director Aarti S. Shah sold 19,000 shares of the firm's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the sale, the director directly owned 36,007 shares in the company, valued at $6,362,796.97. This trade represents a 34.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 20,000 shares of NVIDIA stock in a transaction on Friday, March 20th. The shares were sold at an average price of $174.89, for a total transaction of $3,497,800.00. Following the transaction, the chief financial officer owned 83,060 shares in the company, valued at approximately $14,526,363.40. This trade represents a 19.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 906,961 shares of company stock worth $162,936,268 in the last ninety days. Corporate insiders own 3.94% of the company's stock.

NVIDIA Price Performance

Shares of NVDA opened at $222.82 on Wednesday. The firm has a market cap of $5.39 trillion, a PE ratio of 34.12, a P/E/G ratio of 0.54 and a beta of 2.22. 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 firm has a fifty day simple moving average of $200.19 and a two-hundred day simple moving average of $189.85. NVIDIA Corporation has a 1-year low of $137.95 and a 1-year high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm had revenue of $81.62 billion for the quarter, compared to analysts' expectations of $78.42 billion. During the same quarter in the prior year, the business earned $0.81 EPS. The business's quarterly revenue was up 85.2% on a year-over-year basis. On average, equities analysts anticipate that NVIDIA Corporation will post 8.04 EPS for the current year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be given a $0.25 dividend. The ex-dividend date is Thursday, June 4th. This is a positive change from NVIDIA's previous quarterly dividend of $0.01. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. NVIDIA's dividend payout ratio (DPR) is currently 0.61%.

NVIDIA announced that its board has initiated a stock repurchase program on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

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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