NVIDIA Corporation $NVDA Position Raised by Redstone Wealth Management LLC

Redstone Wealth Management LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 17.9% during the first quarter, Holdings Channel.com reports. The firm owned 23,576 shares of the computer hardware maker’s stock after acquiring an additional 3,576 shares during the period. NVIDIA comprises 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 reporting period.

Several other institutional investors have also recently made changes to their positions in NVDA. Future Financial Wealth Managment LLC lifted its stake in shares of NVIDIA by 11.0% in the 1st quarter. Future Financial Wealth Managment LLC now owns 5,619 shares of the computer hardware maker’s stock valued at $980,000 after purchasing an additional 559 shares during the period. Aventus Investment Advisors Inc. grew its position in NVIDIA by 20.6% during the first quarter. Aventus Investment Advisors Inc. now owns 5,246 shares of the computer hardware maker’s stock valued at $915,000 after buying an additional 896 shares during the period. Nations Financial Group Inc. IA ADV grew its position in NVIDIA by 5.7% during the first quarter. Nations Financial Group Inc. IA ADV now owns 275,320 shares of the computer hardware maker’s stock valued at $48,016,000 after buying an additional 14,854 shares during the period. Physicians Financial Services Inc. increased its holdings in NVIDIA by 1.2% in the first quarter. Physicians Financial Services Inc. now owns 136,243 shares of the computer hardware maker’s stock valued at $23,761,000 after buying an additional 1,571 shares in the last quarter. Finally, Brady Martz Wealth Solutions LLC increased its holdings in NVIDIA by 19.4% in the first quarter. Brady Martz Wealth Solutions LLC now owns 41,670 shares of the computer hardware maker’s stock valued at $7,267,000 after buying an additional 6,763 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

More NVIDIA News

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

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. Tigress Financial reissued a “strong-buy” rating and set a $425.00 target price (up from $360.00) on shares of NVIDIA in a research note on Wednesday, May 27th. Daiwa Securities Group lifted their price target on NVIDIA from $215.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Wall Street Zen raised NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Evercore reissued an “outperform” rating and issued a $413.00 price objective (up from $352.00) on shares of NVIDIA in a report on Thursday, May 21st. Finally, Benchmark restated a “buy” rating and issued a $335.00 price objective (up from $250.00) 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 assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Buy” and a consensus target price of $305.67.

NVIDIA Stock Down 4.1%

NVDA stock opened at $200.00 on Wednesday. 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. The firm has a 50-day simple moving average of $210.62 and a 200-day simple moving average of $192.80. The stock has a market capitalization 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 (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating 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 firm had revenue of $81.61 billion for the quarter, compared to analyst estimates of $78.42 billion. During the same period last year, the company posted $0.81 EPS. NVIDIA’s quarterly revenue was up 85.2% compared to the same quarter last year. Equities analysts forecast that NVIDIA Corporation will post 8.65 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be given a $0.25 dividend. 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 15.31%.

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

Insider Activity

In related news, Director Mark A. Stevens sold 885,000 shares of the stock in a transaction on Thursday, June 18th. The stock was 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 625 shares of the firm’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 completion of the transaction, the director owned 14,163 shares in the company, valued at $3,030,882. The trade was 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 have sold a total of 1,901,125 shares of company stock worth $410,583,015 over the last quarter. 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.