NVIDIA Corporation $NVDA is Novare Capital Management LLC's 7th Largest Position

Key Points

• Novare Capital Management trimmed its NVIDIA stake by 3.3% in the first quarter, but the stock still ranks as its 7th largest holding and makes up about 3.0% of its portfolio.
• NVIDIA reported better-than-expected quarterly results, with EPS of $1.87 versus $1.76 expected and revenue of $81.61 billion, up 85.2% year over year.
• The company also authorized an $80 billion share buyback and recently boosted its quarterly dividend from $0.01 to $0.25 per share, signaling confidence in its financial position.

Novare Capital Management LLC trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 215,119 shares of the computer hardware maker's stock after selling 7,239 shares during the period. NVIDIA makes up approximately 3.0% of Novare Capital Management LLC's holdings, making the stock its 7th biggest holding. Novare Capital Management LLC's holdings in NVIDIA were worth $37,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of NVIDIA during the fourth quarter worth about $62,244,133,000. J. Stern & Co. LLP raised its position in shares of NVIDIA by 13,709.1% in the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock valued at $23,454,297,000 after purchasing an additional 124,849,603 shares during the last quarter. Cardano Risk Management B.V. raised its position in shares of NVIDIA by 896.4% in the 4th quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker's stock valued at $14,570,119,000 after purchasing an additional 70,283,539 shares during the last quarter. Capital Research Global Investors boosted its stake in NVIDIA by 16.1% in the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock worth $30,855,564,000 after purchasing an additional 22,896,705 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its position in NVIDIA by 15,496.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker's stock worth $3,454,534,000 after purchasing an additional 21,725,326 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 1.6%

Shares of NASDAQ:NVDA opened at $192.53 on Friday. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. NVIDIA Corporation has a 12-month low of $151.49 and a 12-month high of $236.54. The business has a 50 day moving average of $210.66 and a two-hundred day moving average of $193.00. The company has a market capitalization of $4.66 trillion, a PE ratio of 29.48, a PEG ratio of 0.43 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 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 analysts' expectations of $78.42 billion. During the same quarter last year, the company earned $0.81 EPS. The business's revenue was up 85.2% on a year-over-year basis. As a group, analysts forecast that NVIDIA Corporation will post 8.69 EPS for the current year.

NVIDIA announced that its Board of Directors has initiated a stock buyback 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 reacquire 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 shares are undervalued.

NVIDIA Increases Dividend

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

Insider Buying and Selling at NVIDIA

In other news, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the sale, the director directly owned 116,135 shares of the company's stock, valued at $25,053,803.55. This represents a 11.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the transaction, the director owned 5,207,271 shares of the company's stock, valued at approximately $1,094,412,146.07. This represents a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,901,125 shares of company stock valued at $410,583,015. Corporate insiders own 3.94% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NVDA shares. DA Davidson reaffirmed a "buy" rating and issued a $300.00 price target on shares of NVIDIA in a report on Monday, June 1st. William Blair reissued an "outperform" rating on shares of NVIDIA in a report on Tuesday, June 2nd. UBS Group upped their target price on NVIDIA from $275.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Seaport Research Partners raised their target price on NVIDIA from $140.00 to $180.00 and gave the stock a "sell" rating in a research note on Thursday, May 21st. Finally, Barclays reissued an "overweight" rating on shares of NVIDIA in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Buy" and a consensus price target of $303.84.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Several analysts and commentators still argue that NVIDIA’s growth story remains intact, citing strong demand for Blackwell chips, continuing hyperscaler spending, and the company’s entrenched CUDA software moat. Why Cerebras’ Mind-Boggling LLM Raw Speed Is Still Falling Into Nvidia’s Massive Software Trap
• Positive Sentiment: NVIDIA also benefited from coverage pointing to expanding AI infrastructure demand and new use cases, including AWS partnerships and data-center networking growth, which reinforce the company’s long-term AI leadership. NVIDIA (NVDA), AWS (AMZN) Partner to Boost Production-Scale AI with Blackwell-Powered Instances
• Neutral Sentiment: Optimistic pieces also highlighted NVIDIA’s valuation and long-term upside, arguing the stock may still have room to run if AI spending stays strong. How Much Upside Can NVDA Stock's Growth Deliver?
• Negative Sentiment: The main drag is a broad AI and semiconductor pullback, with reports saying the Nasdaq sold off sharply and NVIDIA fell alongside Micron and SanDisk as investors backed away from crowded tech trades. Stock Market Today: Small Caps Edge Lower As Dow Goes Flat; Heavy Construction Play Surges (Live Coverage)
• Negative Sentiment: There is also growing concern that competition is intensifying, with rivals and customers exploring custom chips and alternative AI hardware, which could pressure NVIDIA’s pricing power over time. Why everyone from OpenAI to SpaceX is building their own chips (and turning up the heat on Nvidia)

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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