JLB & Associates Inc. Acquires 3,674 Shares of NVIDIA Corporation $NVDA

Key Points

• JLB & Associates Inc. boosted its NVIDIA stake by 191.7% in the fourth quarter, buying 3,674 additional shares and bringing its total holdings to 5,591 shares worth about $1.04 million.
• Wall Street remains very bullish on NVIDIA, with a consensus Buy rating and an average price target of $305.38. Several firms recently raised targets, including Robert W. Baird, DA Davidson, and Wedbush.
• NVIDIA reported strong quarterly results, beating estimates on both earnings and revenue, and it also announced a much larger quarterly dividend plus an $80 billion share buyback authorization.

JLB & Associates Inc. increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 191.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,591 shares of the computer hardware maker's stock after acquiring an additional 3,674 shares during the period. JLB & Associates Inc.'s holdings in NVIDIA were worth $1,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Longfellow Investment Management Co. LLC lifted its stake in shares of NVIDIA by 47.9% during the 2nd 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 during the last quarter. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA during the 2nd quarter worth approximately $40,000. Syntax Research Inc. lifted its stake in shares of NVIDIA by 62.5% during the 4th quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock worth $49,000 after acquiring an additional 100 shares during the last quarter. Sellwood Investment Partners LLC bought a new stake in shares of NVIDIA during the 3rd quarter worth approximately $50,000. Finally, Networth Advisors LLC bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $51,000. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Robert W. Baird set a $500.00 price target on NVIDIA and gave the stock an "outperform" rating in a research note on Thursday, May 21st. BNP Paribas Exane lifted their target price on NVIDIA from $270.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. DA Davidson upped their target price on NVIDIA from $250.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, May 18th. Wedbush increased their price target on NVIDIA from $300.00 to $330.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Finally, DZ Bank restated a "buy" rating on shares of NVIDIA in a research note on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $305.38.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $211.14 on Monday. 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 stock has a market capitalization of $5.11 trillion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 0.51 and a beta of 2.22. The stock's fifty day simple moving average is $199.28 and its two-hundred day simple moving average is $189.63. 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 announced its earnings results 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 business had revenue of $81.62 billion for the quarter, compared to analysts' expectations of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business's revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. As a group, analysts expect that NVIDIA Corporation will post 8.04 EPS for the current fiscal year.

NVIDIA Increases Dividend

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

NVIDIA announced that its board has authorized a share buyback program on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

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 Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 20,000 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $3,497,800.00. Following the sale, the chief financial officer owned 83,060 shares of the company's stock, valued at approximately $14,526,363.40. This trade represents a 19.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 221,682 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $173.68, for a total value of $38,501,729.76. Following the sale, the director directly owned 7,399,771 shares in the company, valued at $1,285,192,227.28. This trade represents a 2.91% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 906,961 shares of company stock worth $162,936,268. 3.94% of the stock is currently owned by company 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.

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