LB Partners LLC Purchases Shares of 6,000 NVIDIA Corporation $NVDA

Key Points

• LB Partners LLC opened a new position in NVIDIA during the first quarter, buying 6,000 shares worth about $1.046 million. The stake makes NVIDIA its 20th largest holding and about 0.9% of the portfolio.
• NVIDIA stock was up 4.0% and has a market value of about $5.11 trillion, reflecting continued investor interest. The company also remains financially strong, with a robust balance sheet and a 52-week range of $162.02 to $236.54.
• The company continues to post strong fundamentals, including better-than-expected quarterly earnings and a major boost to its dividend and buyback program. NVIDIA recently raised its quarterly dividend to $0.25 and authorized an $80 billion share repurchase plan.

LB Partners LLC purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,000 shares of the computer hardware maker's stock, valued at approximately $1,046,000. NVIDIA comprises approximately 0.9% of LB Partners LLC's investment portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lifetime Wealth Management P.C. bought a new position in NVIDIA during the fourth quarter valued at approximately $26,000. Longview Financial Advisors Inc. purchased a new position in shares of NVIDIA during the first quarter worth approximately $27,000. Longfellow Investment Management Co. LLC lifted its holdings in shares of NVIDIA by 47.9% in 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 in the 2nd quarter worth approximately $40,000. Finally, Inspire Investing LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at $44,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 4.0%

NASDAQ:NVDA opened at $210.96 on Friday. The firm has a market capitalization of $5.11 trillion, a P/E ratio of 32.31, a P/E/G ratio of 0.45 and a beta of 2.21. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $209.48 and a 200 day moving average of $194.42. NVIDIA Corporation has a 52 week low of $162.02 and a 52 week high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping 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 business had revenue of $81.61 billion for the quarter, compared to analyst estimates of $78.42 billion. During the same quarter last year, the firm earned $0.81 EPS. The company's revenue was up 85.2% on a year-over-year basis. On average, research analysts predict that NVIDIA Corporation will post 8.79 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This is a boost from NVIDIA's previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA's payout ratio is 15.31%.

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.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analysts and commentators said NVDA’s lower valuation and dominant position in AI spending could make recent weakness a buying opportunity, with Bank of America and others highlighting strong long-term upside.
• Positive Sentiment: Reuters reported that Nvidia supplier King Yuan Electronics plans to invest up to $1.4 billion in a U.S. facility, reinforcing the scale of the AI hardware supply chain and ongoing buildout around NVIDIA. Article Title
• Positive Sentiment: NVIDIA also announced a partnership with Fervo to launch an EGS-Twin geothermal platform, adding another AI-related ecosystem collaboration that investors may view as supportive of future growth. Article Title
• Positive Sentiment: Coverage around Nvidia’s strong Q1 results and the company’s upbeat revenue guidance near $91 billion for the next quarter continues to underline that AI demand is still running hot.
• Neutral Sentiment: Media and trading activity around NVDA remains elevated, including options-flow commentary, “most watched” stock chatter, and repeated articles on its AI leadership, which can keep the shares volatile but do not change fundamentals on their own.
• Negative Sentiment: Some reports noted pressure from customers and competitors building in-house AI chips, and there was also discussion of a possible delay to NVIDIA’s next-gen Kyber rack-scale architecture, both of which could raise investor concerns about future margins and timing.

Analysts Set New Price Targets

NVDA has been the topic of several recent research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $270.00 target price on shares of NVIDIA in a report on Tuesday, June 2nd. Mizuho set a $300.00 price target on shares of NVIDIA in a research report on Thursday, May 21st. BNP Paribas Exane raised their price objective on NVIDIA from $270.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. CICC Research lifted their price objective on NVIDIA from $240.60 to $268.30 and gave the stock an "outperform" rating in a report on Friday, May 22nd. Finally, Daiwa Securities Group lifted their price objective on NVIDIA from $215.00 to $255.00 and gave the stock an "outperform" rating in a report on Friday, May 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $303.84.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 885,000 shares of the business's stock in a transaction dated 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 in the company, valued at $1,094,412,146.07. The trade was a 14.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen C. Neal sold 15,500 shares of the company's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the transaction, the director directly owned 116,135 shares of the company's stock, valued at $25,053,803.55. The trade was a 11.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,901,125 shares of company stock worth $410,583,015 in the last 90 days. Company insiders own 3.94% of the company's stock.

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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