WNY Asset Management LLC Purchases Shares of 28,889 NVIDIA Corporation $NVDA

Key Points

• WNY Asset Management purchased 28,889 NVIDIA shares worth approximately $5.1 million, while institutional investors collectively own 65.27% of the company.
• Analysts remain broadly bullish, with NVIDIA receiving a consensus “Buy” rating and an average price target of $304.26; recent targets ranged from $255 to $300.
• NVIDIA exceeded quarterly earnings and revenue expectations, increased its dividend to $0.25 per quarter, and authorized an $80 billion share-repurchase program. However, insiders sold about $410.6 million of stock over the past 90 days.

WNY Asset Management LLC purchased a new position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,889 shares of the computer hardware maker's stock, valued at approximately $5,091,000.

A number of other large investors have also recently made changes to their positions in NVDA. Lifetime Wealth Management P.C. purchased a new stake in NVIDIA during the 4th quarter valued at about $26,000. Longview Financial Advisors Inc. purchased a new position in shares of NVIDIA in the first quarter worth about $27,000. Longfellow Investment Management Co. LLC raised its stake in shares of NVIDIA by 47.9% in the second 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. Phillip James Consulting Co. acquired a new stake in shares of NVIDIA during the first quarter worth about $40,000. Finally, Spurstone Advisory Services LLC purchased a new stake in NVIDIA in the second quarter valued at approximately $40,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NVDA has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $255.00 price target (up from $220.00) on shares of NVIDIA in a research report on Thursday, May 21st. Daiwa Securities Group increased their price objective on shares of NVIDIA from $215.00 to $255.00 and gave the stock an "outperform" rating in a research note on Friday, May 22nd. Mizuho set a $300.00 target price on shares of NVIDIA in a research report on Thursday, May 21st. JPMorgan Chase & Co. upped their price target on shares of NVIDIA from $265.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, May 21st. Finally, Morgan Stanley set a $288.00 price target on NVIDIA and gave the stock an "overweight" rating in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Buy" and an average target price of $304.26.

NVIDIA Stock Down 2.9%

NASDAQ NVDA opened at $217.55 on Tuesday. The business has a fifty day moving average price of $205.53 and a 200 day moving average price of $197.54. 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 company has a market cap of $5.26 trillion, a P/E ratio of 33.32, a P/E/G ratio of 0.44 and a beta of 2.23. NVIDIA Corporation has a one year low of $164.07 and a one year high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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. The business had revenue of $81.61 billion for the quarter, compared to analysts' expectations of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business's revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. Research analysts anticipate that NVIDIA Corporation will post 8.79 EPS for the current fiscal year.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were given a $0.25 dividend. The ex-dividend date of this dividend was 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 yield of 0.5%. NVIDIA's dividend payout ratio is currently 15.31%.

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

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA is reportedly partnering with Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield, Goldman Sachs and KKR on an AI infrastructure financing effort targeting up to $500 billion. The initiative could accelerate data-center construction and support future demand for NVIDIA’s GPUs. Nvidia teams up with Wall Street asset managers on $500 billion AI infrastructure push
• Positive Sentiment: Bank of America maintained a Buy rating and $350 price target, projecting second-quarter revenue of $94 billion to $95 billion—potentially $3 billion to $4 billion above NVIDIA’s guidance—and forecasting a “multi-quarter upgrade cycle.” BofA: Nvidia's next earnings report could kick off a multi-quarter upgrade cycle
• Positive Sentiment: Analysts remain constructive ahead of the August 26 earnings report, citing expected $91 billion of quarterly revenue, gross margins near 75%, strong Data Center demand and continued adoption of Blackwell systems. Nvidia: Buy Before Q2 Shows The AI Factory Trade Is Still Early
• Neutral Sentiment: NVIDIA is reportedly considering investing as much as $3 billion in Lancium, an AI data-center power infrastructure company. The investment could strengthen NVIDIA’s ecosystem position, but it also adds to questions about how much capital the chipmaker should devote to investments instead of share buybacks. Nvidia Stock Slips as Its AI Investments Draw Fresh Scrutiny
• Negative Sentiment: Investors are increasingly focused on NVIDIA’s expanding role in financing the AI buildout. Mark Cuban compared the strategy with dot-com-era companies that funded customers, raising concerns that financing could amplify concentration and credit risks if AI spending fails to generate adequate returns. Mark Cuban warned Nvidia's AI financing could crumble the market
• Negative Sentiment: Reports that Microsoft is reconsidering its reliance on NVIDIA in favor of internally developed AI silicon highlight a potential long-term customer-concentration and pricing risk, even though near-term demand remains robust. Microsoft rethinks its Nvidia reliance

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 625 shares of the company's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the transaction, the director directly owned 14,163 shares in the company, valued at $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 is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the firm's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the transaction, the director owned 116,135 shares of the company's stock, valued at approximately $25,053,803.55. This represents a 11.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,901,125 shares of company stock valued at $410,583,015 over the last 90 days. 3.94% of the stock is owned by company 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.

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