NVIDIA Corporation $NVDA Shares Bought by Redstone Wealth Management LLC

Key Points

• Redstone Wealth Management LLC increased its NVIDIA stake by 17.9% in the first quarter, buying 3,576 more shares to bring its total to 23,576 shares worth about $4.11 million.
• NVIDIA reported strong quarterly results, with EPS of $1.87 beating estimates and revenue of $81.61 billion topping forecasts; revenue also jumped 85.2% year over year.
• The company’s board approved an $80 billion share buyback and raised its quarterly dividend to $0.25 per share, while analysts broadly remain bullish with a consensus Buy rating and average price target of $305.67.

Redstone Wealth Management LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,576 shares of the computer hardware maker's stock after purchasing an additional 3,576 shares during the quarter. NVIDIA comprises approximately 3.3% of Redstone Wealth Management LLC's investment portfolio, making the stock its 9th biggest holding. Redstone Wealth Management LLC's holdings in NVIDIA were worth $4,112,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NVDA. Lifetime Wealth Management P.C. acquired a new position in NVIDIA during the 4th quarter valued at about $26,000. Longfellow Investment Management Co. LLC raised its stake in NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in NVIDIA in the second quarter worth about $40,000. Inspire Investing LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $44,000. Finally, AlphaCentric Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $45,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other NVIDIA news, Director John Dabiri sold 625 shares of the company's stock in a transaction 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 sale, the director directly owned 14,163 shares of the company's stock, valued at approximately $3,030,882. This represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 885,000 shares of the company's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the sale, the director directly owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,901,125 shares of company stock worth $410,583,015 over the last 90 days. 3.94% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $200.00 on Wednesday. The business's 50 day moving average price is $210.62 and its 200 day moving average price is $192.80. The firm has a market cap of $4.84 trillion, a P/E ratio of 30.63, a P/E/G ratio of 0.47 and a beta of 2.22. NVIDIA Corporation has a 52 week low of $145.50 and a 52 week high of $236.54. 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 (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company had revenue of $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. During the same quarter in the prior year, the company earned $0.81 EPS. NVIDIA's quarterly revenue was up 85.2% on a year-over-year basis. On average, sell-side analysts expect that NVIDIA Corporation will post 8.65 earnings per share for the current year.

NVIDIA declared 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 shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

NVIDIA Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NVDA. Seaport Research Partners upped their price objective on shares of NVIDIA from $140.00 to $180.00 and gave the company a "sell" rating in a report on Thursday, May 21st. President Capital boosted their target price on shares of NVIDIA from $280.00 to $295.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Sanford C. Bernstein restated a "buy" rating on shares of NVIDIA in a research note on Monday, June 8th. Benchmark reaffirmed a "buy" rating and issued a $335.00 price target (up from $250.00) on shares of NVIDIA in a report on Thursday, May 21st. Finally, Melius Research set a $400.00 price target on shares of NVIDIA in a 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 given a Hold rating to the stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Buy" and an average price target of $305.67.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA continues to secure new AI-related partnerships and product momentum, including the launch of its BioNeMo Agent Toolkit for life sciences and additional collaborations around digital twins, robotics, and energy infrastructure. Nvidia launches BioNeMo agent toolkit for AI-driven life sciences research
• Positive Sentiment: Analysts and several articles continue to frame NVIDIA as a long-term winner from AI infrastructure buildout, with some bullish commentary pointing to strong earnings growth, major data-center demand, and attractive valuation relative to its growth. Nvidia: The $1 Trillion Trade Hiding In Plain Sight
• Neutral Sentiment: The company’s latest earnings remain a positive backdrop: NVIDIA beat expectations on both EPS and revenue, with revenue up sharply year over year, reinforcing that fundamentals are still strong despite the stock’s weakness.
• Negative Sentiment: AI spending concerns are weighing on the whole chip complex, with reports that SK Hynix is slowing HBM expansion and traders worrying about the sustainability of debt-funded AI capex. That has hit NVIDIA alongside peers like AMD, Intel, Micron, and SanDisk. Lam Research, Qualcomm, and Western Digital Stocks Trade Down, What You Need To Know
• Negative Sentiment: There is also some company-specific headline risk from a Reuters report that NVIDIA was sued by music company Jamendo over AI training, adding to near-term uncertainty. Nvidia sued by music company Jamendo over AI training

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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