Sound Income Strategies LLC Grows Stock Position in NVIDIA Corporation $NVDA

Sound Income Strategies LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 83,817 shares of the computer hardware maker’s stock after purchasing an additional 4,055 shares during the quarter. Sound Income Strategies LLC’s holdings in NVIDIA were worth $14,731,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of NVDA. Blue Capital Inc. grew its holdings in shares of NVIDIA by 9.0% during the first quarter. Blue Capital Inc. now owns 10,926 shares of the computer hardware maker’s stock valued at $1,905,000 after buying an additional 899 shares during the last quarter. SOL Capital Management CO increased its holdings in NVIDIA by 123.6% in the 1st quarter. SOL Capital Management CO now owns 20,444 shares of the computer hardware maker’s stock worth $3,565,000 after buying an additional 11,299 shares during the period. Patten Group Inc. raised its position in NVIDIA by 2.0% during the 1st quarter. Patten Group Inc. now owns 163,001 shares of the computer hardware maker’s stock worth $28,427,000 after buying an additional 3,209 shares during the last quarter. Axis Wealth Partners LLC boosted its holdings in shares of NVIDIA by 7.8% in the 1st quarter. Axis Wealth Partners LLC now owns 6,095 shares of the computer hardware maker’s stock valued at $1,063,000 after acquiring an additional 440 shares during the last quarter. Finally, Eagle Bay Advisors LLC lifted its position in NVIDIA by 35.4% during the first quarter. Eagle Bay Advisors LLC now owns 13,312 shares of the computer hardware maker’s stock valued at $2,322,000 after purchasing an additional 3,479 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analysts and commentators said NVDA’s lower valuation and dominant position in AI spending could make recent weakness a buying opportunity, with Bank of America and others highlighting strong long-term upside.
• Positive Sentiment: Reuters reported that Nvidia supplier King Yuan Electronics plans to invest up to $1.4 billion in a U.S. facility, reinforcing the scale of the AI hardware supply chain and ongoing buildout around NVIDIA. Article Title
• Positive Sentiment: NVIDIA also announced a partnership with Fervo to launch an EGS-Twin geothermal platform, adding another AI-related ecosystem collaboration that investors may view as supportive of future growth. Article Title
• Positive Sentiment: Coverage around Nvidia’s strong Q1 results and the company’s upbeat revenue guidance near $91 billion for the next quarter continues to underline that AI demand is still running hot.
• Neutral Sentiment: Media and trading activity around NVDA remains elevated, including options-flow commentary, “most watched” stock chatter, and repeated articles on its AI leadership, which can keep the shares volatile but do not change fundamentals on their own.
• Negative Sentiment: Some reports noted pressure from customers and competitors building in-house AI chips, and there was also discussion of a possible delay to NVIDIA’s next-gen Kyber rack-scale architecture, both of which could raise investor concerns about future margins and timing.

NVIDIA Stock Up 4.0%

NASDAQ:NVDA traded up $8.18 during trading hours on Friday, hitting $210.96. The company’s stock had a trading volume of 148,048,515 shares, compared to its average volume of 131,546,280. NVIDIA Corporation has a 52-week low of $162.02 and a 52-week high of $236.54. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $5.11 trillion, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 0.46 and a beta of 2.21. The stock has a fifty day moving average of $209.48 and a 200-day moving average of $194.42.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business had revenue of $81.61 billion during the quarter, compared to analysts’ expectations of $78.42 billion. During the same period in the prior year, the firm posted $0.81 EPS. The business’s quarterly revenue was up 85.2% compared to the same quarter last year. On average, equities analysts forecast that NVIDIA Corporation will post 8.8 earnings per share for the current year.

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 20th that permits the company to buyback $80.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, June 4th. NVIDIA’s dividend payout ratio is currently 15.31%.

Insider Buying and Selling at NVIDIA

In other news, Director Stephen C. Neal sold 15,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the transaction, the director owned 116,135 shares in the company, valued at approximately $25,053,803.55. This represents a 11.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 885,000 shares of the 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 transaction, the director directly owned 5,207,271 shares in the company, valued at $1,094,412,146.07. This trade represents 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 three months. Insiders own 3.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NVDA shares. Citigroup began coverage on shares of NVIDIA in a report on Wednesday, April 15th. They set a “buy” rating on the stock. KeyCorp set a $310.00 price target on NVIDIA and gave the company an “overweight” rating in a report on Thursday, May 21st. Truist Financial increased their price target on shares of NVIDIA from $287.00 to $307.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. The Goldman Sachs Group reissued a “buy” rating and set a $285.00 target price (up from $250.00) on shares of NVIDIA in a research note on Wednesday, May 20th. Finally, Craig Hallum boosted their price target on shares of NVIDIA from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Three investment 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 company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $303.84.

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.