GRIMES & Co WEALTH MANAGEMENT LLC Acquires 68,424 Shares of NVIDIA Corporation $NVDA

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC increased its NVIDIA stake by 26.4% in the fourth quarter, buying 68,424 additional shares and bringing its total holdings to 327,203 shares valued at about $57.4 million.
• NVIDIA posted strong quarterly results, with earnings of $1.87 per share and revenue of $81.62 billion, both above expectations, while revenue rose 85.2% year over year.
• The company also approved an $80 billion share buyback and raised its quarterly dividend to $0.25 per share from $0.01, signaling confidence in its financial position.

GRIMES & Co WEALTH MANAGEMENT LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,203 shares of the computer hardware maker's stock after purchasing an additional 68,424 shares during the quarter. NVIDIA accounts for approximately 1.4% of GRIMES & Co WEALTH MANAGEMENT LLC's investment portfolio, making the stock its 15th biggest holding. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in NVIDIA were worth $57,430,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NVDA. Brighton Jones LLC lifted its position in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after acquiring an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE raised its position in NVIDIA by 6.7% during the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after acquiring an additional 3,653 shares in the last quarter. Hudson Value Partners LLC raised its position in NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after acquiring an additional 11,900 shares in the last quarter. Finally, Wealth Group Ltd. raised its position in NVIDIA by 15.7% during the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock worth $715,000 after acquiring an additional 896 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NASDAQ:NVDA opened at $211.14 on Monday. NVIDIA Corporation has a one year low of $132.92 and a one year high of $236.54. The company has a market cap of $5.11 trillion, a P/E ratio of 32.33, a P/E/G ratio of 0.51 and a beta of 2.22. The firm's fifty day moving average price is $199.28 and its two-hundred day moving average price is $189.63. 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 (NASDAQ:NVDA - Get Free Report) last released 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. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm had revenue of $81.62 billion for the quarter, compared to the consensus estimate of $78.42 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The company's quarterly revenue was up 85.2% on a year-over-year basis. Equities analysts expect that NVIDIA Corporation will post 8.04 earnings per share for the current year.

NVIDIA declared that its board has approved a stock buyback plan on Wednesday, May 20th that allows the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be issued a $0.25 dividend. This is an increase from NVIDIA's previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, June 4th. NVIDIA's dividend payout ratio is presently 0.61%.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Investors are looking ahead to next week’s Computex conference, which could provide a fresh catalyst for NVIDIA’s AI-chip leadership and keep sentiment constructive around the stock. Why Nvidia stock is up around 1% today
• Positive Sentiment: Analysts and commentators continue to point to NVIDIA as the main winner from the AI server boom, with strong demand for its chips, Blackwell products, and broader data-center ecosystem. Jim Cramer names Nvidia as the winner behind Dell rally
• Positive Sentiment: News that NVIDIA is investing heavily in photonics, with billions directed toward next-generation data-center connectivity, suggests the company is trying to extend its AI leadership beyond GPUs into the next bottlenecks in AI infrastructure. Nvidia is investing billions into this emerging technology that could change the AI industry
• Positive Sentiment: Truist raised its price target on NVDA to $307 and kept a Buy rating, reinforcing the view that the company’s strong quarterly results and growth outlook remain intact. NVIDIA Corporation (NVDA) Stock Update: Truist Raises Target to $307 Following Strong Quarter
• Neutral Sentiment: CEO Jensen Huang’s reported advisory-board role at Tsinghua University keeps NVIDIA visible in China-related tech circles, but it is more of a corporate-profile headline than a direct earnings driver. Nvidia chief Jensen Huang to join board of Beijing's Tsinghua University, FT reports
• Negative Sentiment: Director John Dabiri sold 625 shares under a pre-arranged 10b5-1 trading plan, which is routine but can still add to investor caution when the stock is already expensive and volatile. SEC filing for John Dabiri transaction
• Negative Sentiment: Several articles highlight concerns that NVIDIA’s valuation is stretched and that the stock may be struggling to extend gains after a huge AI-driven run, which can weigh on near-term trading. Nvidia And The Reality Of Paying For Perfection

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 300,000 shares of the company's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total value of $54,675,000.00. Following the transaction, the executive vice president directly owned 3,018,547 shares in the company, valued at $550,130,190.75. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 42,650 shares of the company's stock in a transaction on 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 completion of the transaction, the chief financial officer owned 881,387 shares in the company, valued at approximately $154,145,772.43. This represents a 4.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 906,961 shares of company stock valued at $162,936,268. Corporate insiders own 3.94% of the company's stock.

Analysts Set New Price Targets

NVDA has been the topic of several analyst reports. DZ Bank reaffirmed a "buy" rating on shares of NVIDIA in a research report on Thursday, May 21st. DA Davidson upped their price target on shares of NVIDIA from $250.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, May 18th. Morgan Stanley set a $288.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Thursday, May 21st. Zacks Research lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 21st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of NVIDIA in a research report on Friday, April 10th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $305.38.

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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