BlueSky Wealth Advisors LLC Purchases 35,776 Shares of NVIDIA Corporation $NVDA

Key Points

• BlueSky Wealth Advisors boosted its NVIDIA stake by 91.8% in Q1, buying 35,776 more shares and bringing its total holding to 74,748 shares worth about $13.0 million.
• NVIDIA reported a strong quarter, with earnings of $1.87 per share and revenue of $81.61 billion, both above analyst expectations, while revenue surged 85.2% year over year.
• The company also raised its quarterly dividend to $0.25 per share and authorized an $80 billion share repurchase program, reinforcing management’s confidence in the business.

BlueSky Wealth Advisors LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 91.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,748 shares of the computer hardware maker's stock after buying an additional 35,776 shares during the quarter. NVIDIA comprises 1.7% of BlueSky Wealth Advisors LLC's holdings, making the stock its 21st biggest position. BlueSky Wealth Advisors LLC's holdings in NVIDIA were worth $13,036,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NVDA. Lifetime Wealth Management P.C. bought a new position in shares of NVIDIA during the fourth quarter worth approximately $26,000. Longfellow Investment Management Co. LLC boosted its stake 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 valued at $33,000 after buying an additional 67 shares during the period. Inspire Investing LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $44,000. AlphaCentric Advisors LLC acquired a new stake in NVIDIA during the fourth quarter worth approximately $45,000. Finally, Spurstone Advisory Services LLC acquired a new stake in NVIDIA during the second quarter worth approximately $40,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVIDIA stock opened at $198.32 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. NVIDIA Corporation has a 52 week low of $149.26 and a 52 week high of $236.54. The stock has a market capitalization of $4.80 trillion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 0.45 and a beta of 2.22. The stock has a fifty day moving average of $210.80 and a 200-day moving average of $192.91.

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 for the quarter, beating the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business had revenue of $81.61 billion for the quarter, compared to analyst estimates of $78.42 billion. During the same period last year, the firm posted $0.81 earnings per share. NVIDIA's revenue was up 85.2% compared to the same quarter last year. On average, sell-side analysts expect that NVIDIA Corporation will post 8.69 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, June 4th. This is an increase from NVIDIA's previous quarterly dividend of $0.01. NVIDIA's dividend payout ratio is 15.31%.

NVIDIA declared that its Board of Directors has initiated a share repurchase program on Wednesday, May 20th that permits the company to repurchase $80.00 billion in shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $255.00 price objective (up from $220.00) on shares of NVIDIA in a report on Thursday, May 21st. Jefferies Financial Group restated a "buy" rating and issued a $300.00 price target (up from $275.00) on shares of NVIDIA in a research report on Thursday, May 21st. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $330.00 price target on shares of NVIDIA in a research note on Thursday, May 21st. Oppenheimer reaffirmed an "outperform" rating and set a $265.00 price objective on shares of NVIDIA in a research report on Thursday, February 26th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of NVIDIA in a research note on Friday, April 10th. Three 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $305.67.

Insider Activity at NVIDIA

In other NVIDIA news, 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 value of $133,750.00. Following the sale, the director owned 14,163 shares in the company, valued at $3,030,882. This trade represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the company's stock in a transaction on Wednesday, June 3rd. The stock was 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 $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,901,125 shares of company stock valued at $410,583,015. 3.94% of the stock is owned by insiders.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA continues to expand its AI ecosystem, including new BioNeMo and agentic AI tools for life sciences, which supports the long-term growth story. Nvidia launches BioNeMo agent toolkit for AI-driven life sciences research
• Positive Sentiment: Wall Street commentary remains constructive, with several analysts still calling NVDA a must-own AI leader despite the recent tech sell-off. NVIDIA (NVDA) Remains a Must-Own for Bernstein Despite Tech Sell-Off
• Neutral Sentiment: The latest earnings report was strong, with NVIDIA beating EPS and revenue estimates and posting very rapid year-over-year growth, providing a solid fundamental backdrop.
• Negative Sentiment: AI spending concerns and a memory-chip selloff are weighing on the entire semiconductor group, pressuring NVIDIA as investors question the pace of future demand. Lam Research, Qualcomm, and Western Digital Stocks Trade Down, What You Need To Know
• Negative Sentiment: Reuters reported that NVIDIA was sued by music company Jamendo over AI training, adding legal uncertainty and headline risk. Nvidia sued by music company Jamendo over AI training

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.