Fortem Financial Group LLC Has $15.37 Million Position in NVIDIA Corporation $NVDA

Key Points

• Fortem Financial Group LLC increased its NVIDIA stake by 5.1% in the first quarter, ending with 88,111 shares valued at about $15.37 million. NVIDIA is now the firm’s largest holding, representing 3.9% of its portfolio.
• Insider selling continued at NVIDIA, including Director Mark A. Stevens selling 885,000 shares for about $186.0 million and Director John Dabiri selling 625 shares. Over the last 90 days, insiders have sold 1.9 million shares worth about $410.6 million.
• Wall Street remains upbeat on NVIDIA, with analysts issuing multiple buy ratings and a consensus target price of $305.67. The company also recently beat earnings and revenue estimates, approved an $80 billion buyback, and raised its quarterly dividend to $0.25 per share.

Fortem Financial Group LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,111 shares of the computer hardware maker's stock after acquiring an additional 4,244 shares during the quarter. NVIDIA accounts for 3.9% of Fortem Financial Group LLC's portfolio, making the stock its largest position. Fortem Financial Group LLC's holdings in NVIDIA were worth $15,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of NVIDIA during the fourth quarter worth about $62,244,133,000. J. Stern & Co. LLP boosted its position in NVIDIA by 13,709.1% during the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock worth $23,454,297,000 after acquiring an additional 124,849,603 shares during the last quarter. Cardano Risk Management B.V. boosted its position in NVIDIA by 896.4% during the 4th quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker's stock worth $14,570,119,000 after acquiring an additional 70,283,539 shares during the last quarter. Capital Research Global Investors grew its stake in shares of NVIDIA by 16.1% during the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock worth $30,855,564,000 after acquiring an additional 22,896,705 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its holdings in shares of NVIDIA by 15,496.1% in the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker's stock valued at $3,454,534,000 after purchasing an additional 21,725,326 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 885,000 shares of the business's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the transaction, the director owned 5,207,271 shares of the company's stock, valued at $1,094,412,146.07. The trade was a 14.53% 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 625 shares of the company'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 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,901,125 shares of company stock worth $410,583,015. Insiders own 3.94% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent research reports. Stifel Nicolaus set a $282.00 target price on shares of NVIDIA and gave the stock a "buy" rating in a report on Thursday, May 21st. TD Cowen reiterated a "buy" rating and issued a $275.00 price target (up from $235.00) on shares of NVIDIA in a research note on Friday, May 15th. KeyCorp set a $310.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Thursday, May 21st. UBS Group increased 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. Finally, BNP Paribas Exane raised their price objective on NVIDIA from $270.00 to $285.00 and gave the company an "outperform" rating in a 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 given a Hold rating to the company. According to MarketBeat, NVIDIA presently has a consensus rating of "Buy" and a consensus target price of $305.67.

More NVIDIA News

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 Price Performance

Shares of NVDA opened at $198.32 on Thursday. 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 company's fifty day simple moving average is $210.80 and its 200 day simple moving average is $192.91. NVIDIA Corporation has a 1-year low of $149.26 and a 1-year high of $236.54. The company has a market cap of $4.80 trillion, a price-to-earnings ratio of 30.37, a PEG ratio of 0.45 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating 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 firm had revenue of $81.61 billion during the quarter, compared to analysts' expectations of $78.42 billion. During the same quarter last year, the company posted $0.81 earnings per share. The company's revenue for the quarter was up 85.2% compared to the same quarter last year. On average, research analysts forecast that NVIDIA Corporation will post 8.69 earnings per share for the current fiscal year.

NVIDIA declared that its board has approved a share buyback program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be paid a $0.25 dividend. This is an increase from NVIDIA's previous quarterly dividend of $0.01. The ex-dividend date is Thursday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA's dividend payout ratio (DPR) is 15.31%.

NVIDIA 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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