McIlrath & Eck LLC Has $3.56 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• McIlrath & Eck LLC cut its NVIDIA position by 22.7% in the fourth quarter, selling 5,603 shares and ending with 19,063 shares valued at about $3.56 million.
• NVIDIA continues to draw strong support from analysts, with several firms raising price targets and the consensus rating remaining a Buy with an average target price of $305.38.
• The company reported better-than-expected earnings and revenue, and it also boosted its quarterly dividend while approving an $80 billion share repurchase plan, signaling confidence in future growth.

McIlrath & Eck LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,063 shares of the computer hardware maker's stock after selling 5,603 shares during the period. McIlrath & Eck LLC's holdings in NVIDIA were worth $3,555,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC increased its position in 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 purchasing 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 about $40,000. Syntax Research Inc. boosted 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 in the last quarter. Sellwood Investment Partners LLC bought a new stake in shares of NVIDIA during the 3rd quarter worth about $50,000. Finally, Networth Advisors LLC bought a new stake in shares of NVIDIA during the 4th quarter worth about $51,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Wall Street analysts remain constructive after earnings, with Truist raising its price target to $307 and Tigress Financial lifting its target to $425, citing NVIDIA’s dominant position in AI hardware and strong growth outlook.
• Positive Sentiment: Management’s Taiwan expansion plan is reinforcing the long-term AI demand story. NVIDIA said it plans to spend about $150 billion a year in Taiwan and build a new headquarters there, underscoring confidence in the supply chain and future production capacity.
• Positive Sentiment: Recent commentary continues to frame NVIDIA as a key beneficiary of the AI infrastructure buildout, with articles pointing to ongoing shortages in memory, networking, and power as evidence that demand for NVIDIA’s Blackwell systems remains very strong.
• Neutral Sentiment: Several articles highlight Jensen Huang’s growing influence and visibility, including reports that he may join the advisory board of Tsinghua University and that he is now among the world’s richest people. These are notable but not direct stock catalysts.
• Neutral Sentiment: A number of pieces focus on broader AI ecosystem developments, including Groq’s fundraising, IREN’s Blackwell purchase, and other semiconductor names benefiting from the AI trade. These reinforce sector momentum but are mostly indirect for NVDA.
• Negative Sentiment: Some investors are worried NVIDIA’s valuation has become stretched and that the AI trade may be crowded, with bearish commentary warning that a lot of good news may already be priced in.
• Negative Sentiment: There are also geopolitical and regulatory concerns, including reports of possible NVIDIA chip smuggling to China via Japan, which could revive scrutiny around export controls and China exposure.

NVIDIA Stock Performance

NVDA opened at $214.25 on Friday. The firm has a market capitalization of $5.18 trillion, a P/E ratio of 32.81, a price-to-earnings-growth ratio of 0.51 and a beta of 2.25. The stock's 50 day moving average price is $198.67 and its two-hundred day moving average price is $189.55. 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 Corporation has a 12-month low of $132.92 and a 12-month high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.11. The firm had revenue of $81.62 billion for the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company's revenue was up 85.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. On average, equities analysts forecast that NVIDIA Corporation will post 8.04 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA's payout ratio is 0.61%.

NVIDIA declared that its Board of Directors has approved a share repurchase plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in shares. This repurchase authorization permits the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NVDA shares. Wall Street Zen upgraded NVIDIA from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 23rd. Argus upped their price target on NVIDIA from $220.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Sanford C. Bernstein reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 21st. Wells Fargo & Company reiterated an "overweight" rating and set a $315.00 price target (up from $265.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Finally, Seaport Research Partners upped their price target on NVIDIA from $140.00 to $180.00 and gave the stock a "sell" rating in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, NVIDIA has an average rating of "Buy" and a consensus target price of $305.38.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total value of $54,675,000.00. Following the sale, the executive vice president owned 3,018,547 shares of the company's stock, valued at $550,130,190.75. This trade represents a 9.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Aarti S. Shah sold 19,000 shares of the firm's stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $176.71, for a total value of $3,357,490.00. Following the completion of the sale, the director owned 36,007 shares of the company's stock, valued at $6,362,796.97. This represents a 34.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 906,336 shares of company stock worth $162,802,518. Insiders own 3.94% of the company's stock.

About NVIDIA

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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