Garrett Wealth Advisory Group LLC Boosts Holdings in NVIDIA Corporation $NVDA

Key Points

• Garrett Wealth Advisory Group increased its NVIDIA stake by 62.2% in the fourth quarter, adding 6,372 shares to bring its total to 16,616 shares valued at about $3.1 million.
• Wall Street sentiment remains broadly bullish on NVDA, with several firms raising price targets and the stock holding a consensus Buy rating and average target price of $305.38.
• NVIDIA continues to post strong operating results and shareholder returns, including better-than-expected quarterly earnings, a new quarterly dividend of $0.25, and an $80 billion share repurchase authorization.

Garrett Wealth Advisory Group LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 62.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,616 shares of the computer hardware maker's stock after acquiring an additional 6,372 shares during the quarter. NVIDIA accounts for approximately 0.6% of Garrett Wealth Advisory Group LLC's holdings, making the stock its 21st biggest holding. Garrett Wealth Advisory Group LLC's holdings in NVIDIA were worth $3,099,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Longfellow Investment Management Co. LLC raised its stake in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in shares of NVIDIA during the second quarter worth approximately $40,000. Syntax Research Inc. raised its stake in shares of NVIDIA by 62.5% during the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock worth $49,000 after acquiring an additional 100 shares in the last quarter. Sellwood Investment Partners LLC purchased a new position in shares of NVIDIA during the third quarter worth approximately $50,000. Finally, Networth Advisors LLC purchased a new position in shares of NVIDIA during the fourth quarter worth approximately $51,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVDA. Craig Hallum raised their target price on shares of NVIDIA from $245.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. BNP Paribas Exane raised their target price on shares of NVIDIA from $270.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Argus raised their target price on shares of NVIDIA from $220.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Wall Street Zen upgraded shares of NVIDIA from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 23rd. Finally, Citic Securities raised their target price on shares of NVIDIA from $242.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, May 22nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $305.38.

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.

Insiders Place Their Bets

In related news, 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 value of $3,497,800.00. Following the sale, the chief financial officer owned 83,060 shares in the company, valued at $14,526,363.40. The trade was a 19.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction on 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 approximately $3,030,882. This trade represents a 4.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 906,961 shares of company stock valued at $162,936,268 over the last quarter. 3.94% of the stock is owned by company insiders.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $222.82 on Wednesday. The stock has a market cap of $5.39 trillion, a P/E ratio of 34.12, a price-to-earnings-growth ratio of 0.54 and a beta of 2.22. The firm's fifty day simple moving average is $200.19 and its 200 day simple moving average is $189.85. NVIDIA Corporation has a twelve month low of $137.95 and a twelve month high of $236.54. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $81.62 billion for the quarter, compared to analysts' expectations of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm's revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share. As a group, research analysts predict 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. Investors of record on Thursday, June 4th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. This is an increase from NVIDIA's previous quarterly dividend of $0.01. The ex-dividend date is Thursday, June 4th. NVIDIA's dividend payout ratio (DPR) is presently 0.61%.

NVIDIA announced that its board has authorized a stock repurchase plan on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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.