Elite Wealth Management Inc. Has $40.63 Million Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Elite Wealth Management trimmed its NVIDIA stake by 3.5% in the fourth quarter but still held 217,878 shares worth about $40.63 million, making NVIDIA its second-largest position and 11.1% of its portfolio.
• NVIDIA posted strong quarterly results, with earnings of $1.87 per share and revenue of $81.62 billion, both ahead of expectations. Revenue jumped 85.2% year over year, underscoring continued demand for its AI and data center products.
• The company also boosted its dividend to $0.25 per share and authorized an $80 billion stock buyback. Meanwhile, analysts remain mostly bullish, with a consensus rating of “Buy” and an average price target of $305.38.

Elite Wealth Management Inc. lessened its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,878 shares of the computer hardware maker's stock after selling 7,916 shares during the quarter. NVIDIA accounts for approximately 11.1% of Elite Wealth Management Inc.'s portfolio, making the stock its 2nd largest holding. Elite Wealth Management Inc.'s holdings in NVIDIA were worth $40,634,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NVDA. Longfellow Investment Management Co. LLC increased its stake in 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 acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC bought a new position in NVIDIA in the second quarter valued at $40,000. Syntax Research Inc. increased its stake in NVIDIA by 62.5% in the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock valued at $49,000 after acquiring an additional 100 shares during the last quarter. Sellwood Investment Partners LLC bought a new position in NVIDIA in the third quarter valued at $50,000. Finally, Networth Advisors LLC bought a new position in NVIDIA in the fourth quarter valued at $51,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $212.60 on Thursday. The company has a market cap of $5.14 trillion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 0.52 and a beta of 2.25. The company has a 50-day moving average price of $198.02 and a 200-day moving average price of $189.36. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. NVIDIA Corporation has a 12 month low of $132.92 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $1.76 by $0.11. The firm had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company's quarterly revenue was up 85.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 earnings per share. As a group, equities analysts anticipate that NVIDIA Corporation will post 8.04 EPS for the current year.

NVIDIA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend 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 0.61%.

NVIDIA declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 20th that permits the company to buyback $80.00 billion in shares. This buyback authorization permits the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently commented on NVDA shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $255.00 target price (up from $220.00) on shares of NVIDIA in a research report on Thursday, May 21st. Oppenheimer restated an "outperform" rating and set a $265.00 price target on shares of NVIDIA in a research report on Thursday, February 26th. Seaport Research Partners upped 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. Rothschild & Co Redburn upped their price target on shares of NVIDIA from $280.00 to $300.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Raymond James Financial restated a "strong-buy" rating and set a $330.00 price target on shares of NVIDIA in a research report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $305.38.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Wall Street turned more constructive, with Tigress Financial raising its price target on NVIDIA to $425 and maintaining a strong-buy rating, while other firms reiterated bullish views on the company’s AI leadership.
• Positive Sentiment: Multiple reports highlighted NVIDIA’s blockbuster quarterly results, including strong data center revenue growth and management commentary that demand for Blackwell, networking, and broader AI infrastructure remains robust.
• Positive Sentiment: Jensen Huang reiterated that NVIDIA is positioned to benefit from the massive build-out of AI factories, and several articles noted the company’s expanding role across cloud, enterprise, and sovereign AI spending.
• Positive Sentiment: NVIDIA’s announced plan to spend heavily in Taiwan, including a new campus and deeper supply-chain investment, was viewed as a vote of confidence in its manufacturing ecosystem and AI demand outlook.
• Neutral Sentiment: Commentary from analysts and media outlets continued to frame NVIDIA as the central winner of the AI buildout, but some articles argued that much of that optimism may already be reflected in the stock price.
• Negative Sentiment: Bearish notes focused on valuation risk, with several pieces warning that NVIDIA is no longer cheap after its big run and that the market may be pricing in very strong future growth already.
• Negative Sentiment: One Reuters report said Taiwan authorities are investigating alleged smuggling of NVIDIA chips to China via Japan, which could add to geopolitical and export-control concerns around the company’s supply chain and China exposure.
• Negative Sentiment: Some investors also remain cautious because insider selling, crowded positioning, and recent pullbacks suggest the stock may be vulnerable to short-term profit-taking despite the strong fundamentals.

Insider Activity

In related news, CFO Colette Kress sold 42,650 shares of the business's stock in a transaction dated 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 owned 881,387 shares in the company, valued at $154,145,772.43. The trade was a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Dabiri sold 3,004 shares of the business's stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $184.90, for a total transaction of $555,439.60. Following the transaction, the director owned 14,788 shares in the company, valued at $2,734,301.20. This represents a 16.88% decrease in their position. 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 corporate 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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

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.