Newport Capital Group LLC Sells 5,344 Shares of NVIDIA Corporation $NVDA

Key Points

• Newport Capital Group LLC cut its NVIDIA stake by 74.1% in the fourth quarter, selling 5,344 shares and leaving it with 1,870 shares valued at about $349,000.
• Wall Street sentiment on NVIDIA remains bullish, with Bank of America raising its price target to $350 and analysts overall rating the stock a consensus Buy with an average target of $305.67.
• NVIDIA reported strong quarterly results, including EPS of $1.87 and revenue of $81.62 billion, while also boosting its dividend and authorizing an $80 billion share buyback.

Newport Capital Group LLC reduced its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 74.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,870 shares of the computer hardware maker's stock after selling 5,344 shares during the period. NVIDIA makes up approximately 0.2% of Newport Capital Group LLC's investment portfolio, making the stock its 18th biggest position. Newport Capital Group LLC's holdings in NVIDIA were worth $349,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NVDA. Brighton Jones LLC boosted its stake 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 valued at $43,631,000 after buying an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in shares of NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after buying an additional 22,929 shares during the period. Highview Capital Management LLC DE boosted its stake in shares of NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after buying an additional 3,653 shares during the period. Hudson Value Partners LLC boosted its stake in shares of NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after buying an additional 11,900 shares during the period. Finally, Wealth Group Ltd. boosted its stake in shares of NVIDIA by 15.7% in the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock valued at $715,000 after buying an additional 896 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NVDA shares. Bank of America reiterated a "buy" rating and issued a $350.00 price target (up from $320.00) on shares of NVIDIA in a research note on Thursday, May 21st. Wall Street Zen upgraded NVIDIA from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 23rd. Mizuho set a $300.00 target price on NVIDIA in a research note on Thursday, May 21st. DZ Bank restated a "buy" rating on shares of NVIDIA in a research note on Thursday, May 21st. Finally, Wolfe Research restated an "outperform" rating and set a $275.00 target price on shares of NVIDIA in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $305.67.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 500,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $219.83, for a total value of $109,915,000.00. Following the completion of the sale, the director directly owned 6,399,771 shares in the company, valued at $1,406,861,658.93. This represents a 7.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 20,000 shares of the 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 completion of the sale, the chief financial officer owned 83,060 shares of the company's stock, valued at $14,526,363.40. The trade was a 19.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,622,461 shares of company stock valued at $332,629,083 over the last ninety days. 3.94% of the stock is currently owned by corporate insiders.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA continues to add major AI customers and partners, including reports that Apple will use NVIDIA GPUs via Google Cloud for advanced AI workloads, plus expanded cooperation with SK Group/SK Telecom in South Korea to strengthen AI infrastructure and secure HBM memory supply. These deals reinforce demand for NVIDIA’s chips and platform. Apple partnering with Google and Nvidia for most advanced AI model Nvidia CEO says company is working with LG on humanoid robots and data centers
• Positive Sentiment: Analyst sentiment remains constructive, with Sanford C. Bernstein reiterating a Buy rating and other commentary arguing NVDA still has meaningful upside after the recent pullback. MarketScreener
• Positive Sentiment: Jensen Huang’s “buy the dip” message is helping support sentiment, as investors view the recent chip-sector weakness as a correction rather than a breakdown in NVIDIA’s AI demand story. Nvidia CEO Sees Opportunity in Chip Selloff
• Neutral Sentiment: Macro news is also contributing to volatility, with tech stocks hit by a broader market rotation, Iran-related headlines, and concerns ahead of CPI inflation data. That backdrop is pressuring NVIDIA alongside the rest of the semiconductor group. Dow Jones Futures Fall On Iran News After Market Whipsaws; CPI Inflation On Tap
• Negative Sentiment: Several articles highlighted renewed short interest, sector-wide semiconductor selling, and warnings that AI stocks may be vulnerable if earnings growth does not keep up with valuations. That is adding near-term caution around NVDA. Semiconductor shorts pile on as winning trade reverses Jim Cramer Warns: AI Stocks Face 50% Crash Without Earnings Growth

NVIDIA Stock Down 0.2%

Shares of NASDAQ:NVDA opened at $208.19 on Wednesday. The company has a fifty day moving average of $204.93 and a 200-day moving average of $190.93. The company has a market capitalization of $5.04 trillion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 0.47 and a beta of 2.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. NVIDIA Corporation has a 52-week low of $140.85 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 the consensus estimate of $1.76 by $0.11. The company had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company's revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 earnings per share. On average, equities analysts predict that NVIDIA Corporation will post 8.61 EPS for the current fiscal year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. This is a boost from NVIDIA's previous quarterly dividend of $0.01. The ex-dividend date is Thursday, June 4th. NVIDIA's dividend payout ratio (DPR) is currently 15.31%.

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

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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