NVIDIA Corporation $NVDA is SmartHarvest Portfolios LLC's Largest Position

Key Points

• SmartHarvest Portfolios LLC cut its NVIDIA stake by 18.8% in the first quarter, but NVDA remains its largest position, making up about 6.6% of the portfolio.
• Analysts remain bullish on NVIDIA, with the stock carrying a consensus Buy rating and an average price target of $303.84 after several firms raised their targets.
• NVIDIA continues to post strong fundamentals, reporting earnings and revenue beats last quarter, while also boosting its dividend and authorizing an $80 billion share repurchase plan.

SmartHarvest Portfolios LLC lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 91,089 shares of the computer hardware maker's stock after selling 21,147 shares during the quarter. NVIDIA comprises about 6.6% of SmartHarvest Portfolios LLC's portfolio, making the stock its largest position. SmartHarvest Portfolios LLC's holdings in NVIDIA were worth $15,886,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NVDA. Lifetime Wealth Management P.C. purchased a new stake in NVIDIA in the fourth quarter valued at approximately $26,000. Longview Financial Advisors Inc. purchased a new position in NVIDIA during the 1st quarter worth approximately $27,000. Longfellow Investment Management Co. LLC raised its position in 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 buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in NVIDIA during the 2nd quarter valued at approximately $40,000. Finally, Inspire Investing LLC acquired a new stake in NVIDIA during the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the topic of a number of research reports. BNP Paribas Exane increased their price objective on shares of NVIDIA from $270.00 to $285.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. CICC Research boosted their target price on shares of NVIDIA from $240.60 to $268.30 and gave the company an "outperform" rating in a research report on Friday, May 22nd. Argus upped their price target on shares of NVIDIA from $220.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, May 21st. Craig Hallum increased their price target on NVIDIA from $245.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Finally, Wolfe Research reiterated an "outperform" rating and set a $275.00 price objective on shares of NVIDIA in a research note on Thursday, May 21st. Three equities 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 stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Buy" and an average price target of $303.84.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA unveiled a new revenue-sharing model that lets fast-growing AI startups access compute power in exchange for a slice of future profits, which could expand NVDA’s customer base and create a new recurring monetization stream. Article Title
• Positive Sentiment: Multiple pieces highlighted fresh AI partnerships and infrastructure wins, including NVIDIA’s role in sovereign AI efforts with Palantir, AI-RAN validation with Amdocs, Supermicro and 1Finity, and a new data center collaboration with Valar Atomics, reinforcing demand for NVDA’s AI hardware and software ecosystem. Article Title
• Positive Sentiment: Analyst commentary remained broadly supportive, with reports citing “buy the dip” interest, consensus Buy ratings, and bullish price targets that suggest investors still see upside despite the recent pullback. Article Title
• Neutral Sentiment: Coverage also focused on NVIDIA’s growing exposure to robotics, edge AI, and blackwell infrastructure deals, which supports the long-term growth story but is unlikely to move the stock sharply on its own in the near term. Article Title
• Negative Sentiment: Several articles pointed to continued weakness, with NVDA extending its recent pullback as investors took profits from semiconductors, while technical commentary warned the stock could remain range-bound or even retest lower levels near $165. Article Title
• Negative Sentiment: Bearish takes from high-profile investors and commentators, including Michael Burry’s renewed short thesis on AI chips and concerns about valuation/digestion risk, added to the pressure on sentiment around NVIDIA shares. Article Title

NVIDIA Stock Down 1.4%

NVDA stock opened at $194.83 on Friday. The firm has a market cap of $4.71 trillion, a PE ratio of 29.84, a P/E/G ratio of 0.44 and a beta of 2.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The firm's fifty day moving average is $210.37 and its 200 day moving average is $193.50. NVIDIA Corporation has a one year low of $157.34 and a one year 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 for the quarter, beating the consensus estimate of $1.76 by $0.11. The firm had revenue of $81.61 billion during 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%.NVIDIA's revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 EPS. On average, research analysts forecast that NVIDIA Corporation will post 8.69 EPS for the current year.

NVIDIA Increases Dividend

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

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.

Insider Activity

In other news, Director Mark A. Stevens sold 885,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 5,207,271 shares of the company's stock, valued at $1,094,412,146.07. This represents a 14.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John Dabiri sold 625 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total value of $133,750.00. Following the transaction, the director owned 14,163 shares in the company, valued at $3,030,882. This trade represents a 4.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,901,125 shares of company stock worth $410,583,015 over the last three months. 3.94% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.