BXM Wealth LLC Sells 122,265 Shares of NVIDIA Corporation $NVDA

BXM Wealth LLC cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 90.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,059 shares of the computer hardware maker's stock after selling 122,265 shares during the period. NVIDIA makes up 1.8% of BXM Wealth LLC's portfolio, making the stock its 14th largest holding. BXM Wealth LLC's holdings in NVIDIA were worth $2,277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of NVIDIA by 1.2% during the fourth quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker's stock valued at $184,911,111,000 after buying an additional 11,451,386 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of NVIDIA by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker's stock worth $109,446,217,000 after acquiring an additional 3,383,441 shares during the last quarter. Norges Bank purchased a new position in NVIDIA during the 4th quarter valued at $62,244,133,000. Bank of America Corp DE grew its position in NVIDIA by 1.5% in the 4th quarter. Bank of America Corp DE now owns 187,181,484 shares of the computer hardware maker's stock valued at $34,909,347,000 after acquiring an additional 2,849,678 shares during the last quarter. Finally, Legal & General Group Plc grew its position in NVIDIA by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock valued at $33,808,862,000 after acquiring an additional 2,609,560 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Up 0.4%

Shares of NVIDIA stock opened at $195.55 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. NVIDIA Corporation has a 1 year low of $157.34 and a 1 year high of $236.54. The firm's 50-day moving average is $210.22 and its two-hundred day moving average is $193.63. The stock has a market cap of $4.73 trillion, a price-to-earnings ratio of 29.95, a PEG ratio of 0.43 and a beta of 2.21.

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 (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.11. The company had revenue of $81.61 billion for 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%. NVIDIA's revenue was up 85.2% compared to the same quarter last year. During the same period last year, the company posted $0.81 earnings per share. As a group, research analysts expect that NVIDIA Corporation will post 8.69 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were issued a $0.25 dividend. This is a boost from NVIDIA's previous quarterly dividend of $0.01. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, June 4th. NVIDIA's dividend payout ratio is presently 15.31%.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen downgraded NVIDIA from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Craig Hallum raised their price target on shares of NVIDIA from $245.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Rosenblatt Securities reiterated a "buy" rating and set a $325.00 price objective on shares of NVIDIA in a report on Thursday, May 21st. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Tuesday, June 2nd. Finally, Wedbush upped their target price on shares of NVIDIA from $300.00 to $330.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $303.84.

Insiders Place Their Bets

In other NVIDIA 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 sale, the director directly owned 116,135 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 625 shares of the firm's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the sale, the director owned 14,163 shares in the company, valued at $3,030,882. This represents a 4.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,901,125 shares of company stock worth $410,583,015. 3.94% of the stock is owned by corporate insiders.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA named a new field operations chief, reinforcing management continuity as investors continue to value the company’s leadership in AI infrastructure. NVIDIA (NVDA) Names New Field Operations Chief As AI Growth Narrative Points To Higher Fair Value
• Positive Sentiment: Several reports highlighted fresh AI demand drivers for NVIDIA, including new data center and cloud deployments with partners like Vultr, Valar Atomics, and Microsoft’s Azure/Anthropic integration, which supports the case for continued GPU demand. Vultr Picks Hewlett Packard Enterprise (HPE) and NVIDIA to Build Its Next-Gen AI Data Centers Valar Atomics Partners With NVIDIA (NVDA) To Develop Data Center in Utah, Reuters Reports
• Positive Sentiment: Analysts continue to argue that NVIDIA’s AI factory model and strong earnings revisions could translate Blackwell demand into recurring revenue, a bullish sign for long-term growth. How NVIDIA Corporation’s (NVDA) AI Factory Model Could Turn Blackwell Demand Into Usage-Linked Revenue
• Positive Sentiment: NVIDIA also benefited from broader semiconductor strength and renewed AI trade momentum, with several market wrap articles citing NVDA as a leader helping lift the Nasdaq and chip stocks. S&P 500, Nasdaq End Higher On Support From Strong Tech Gains Led By Nvidia, Dow Hits Record Highs
• Neutral Sentiment: Commentary around AI stocks, data-center spending, and sector rotation suggests investors are still debating whether the recent pullback is a reset or a sign of fatigue, leaving sentiment mixed rather than decisively bullish or bearish. Is AI Cracking – or About to Break Out?
• Negative Sentiment: Reports that NVIDIA’s next-generation Kyber NVL144 AI rack could be delayed until 2028 raised concerns about execution risk and slower product-cycle momentum. Nvidia's next-gen AI rack system delayed to 2028 on manufacturing snags, SemiAnalysis says
• Negative Sentiment: Bearish coverage around Michael Burry’s short position and worries that customers are developing cheaper alternatives to NVIDIA’s chips could weigh on the stock by fueling concerns about margins and market-share pressure. Michael Burry’s Nvidia (NVDA) Short Position: Are AI Stocks Headed for a Crash? Nvidia: Jensen's Anti-ASICs Alliance (Rating Downgrade)

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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