Purus Wealth Management LLC Has $50.47 Million Stock Holdings in NVIDIA Corporation $NVDA

Purus Wealth Management LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 1.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 270,632 shares of the computer hardware maker’s stock after selling 3,988 shares during the period. NVIDIA makes up about 15.7% of Purus Wealth Management LLC’s portfolio, making the stock its largest position. Purus Wealth Management LLC’s holdings in NVIDIA were worth $50,473,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Longfellow Investment Management Co. LLC increased its position in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA during the second quarter worth $40,000. Sellwood Investment Partners LLC bought a new stake in shares of NVIDIA during the third quarter worth $50,000. Networth Advisors LLC bought a new stake in shares of NVIDIA during the fourth quarter worth $51,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new stake in shares of NVIDIA during the second quarter worth $54,000. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NVDA shares. William Blair set a $300.00 price objective on shares of NVIDIA in a research report on Thursday, March 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 price objective on shares of NVIDIA in a research report on Monday, March 23rd. Jefferies Financial Group reissued a “buy” rating and set a $275.00 price objective (up from $250.00) on shares of NVIDIA in a research report on Friday, January 16th. Citigroup started coverage on shares of NVIDIA in a research report on Wednesday, April 15th. They set a “buy” rating for the company. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of NVIDIA in a research report on Thursday, May 7th. Four analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $275.25.

NVIDIA Stock Performance

Shares of NVDA opened at $219.44 on Tuesday. NVIDIA Corporation has a 12 month low of $120.28 and a 12 month high of $222.30. The firm has a fifty day simple moving average of $188.67 and a 200 day simple moving average of $187.18. The stock has a market capitalization of $5.33 trillion, a price-to-earnings ratio of 44.78, a PEG ratio of 0.71 and a beta of 2.25. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The business had revenue of $68.13 billion during the quarter, compared to analysts’ expectations of $65.56 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The firm’s revenue was up 73.2% on a year-over-year basis. Research analysts forecast that NVIDIA Corporation will post 7.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is currently 0.82%.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA remains a key beneficiary of the AI infrastructure boom, with commentary saying its lead in chips is expanding into a broader infrastructure moat and that hyperscalers’ spending should keep driving demand. Nvidia: Moat Is Wider Than The Market Thinks
• Positive Sentiment: Analysts and market commentary continue to view NVDA as one of the top semiconductor names to own, reinforcing bullish expectations into earnings. NVIDIA (NVDA): The Best American Semiconductor Stock to Buy According to Analysts
• Positive Sentiment: Investor attention is high ahead of NVIDIA’s earnings report, with the stock trading near record levels as traders position for what could be another strong quarter. Why Nvidia stock is beating the broader market today
• Positive Sentiment: NVIDIA’s partnership with IREN to accelerate up to 5 gigawatts of AI infrastructure is being cited as evidence that the company is extending its ecosystem beyond chips and into data-center buildout. Why NVIDIA (NVDA) Is Turning Its AI Hardware Lead Into an Infrastructure Moat
• Positive Sentiment: Several market pieces frame NVIDIA as a long-term AI winner and a likely beneficiary of continued spending on chips, data centers, and inference workloads. 5 Stocks Positioned to Benefit From the AI Inference Boom
• Neutral Sentiment: One note says Alphabet could briefly overtake NVIDIA in market value, which is more of a headline watch item than a direct fundamental concern. Alphabet Is on the Brink of Beating NVIDIA in Market Value: ETFs to Buy
• Neutral Sentiment: Short-interest data showed no meaningful short positioning change, so it does not appear to be a real market driver. Short Interest Update
• Negative Sentiment: Some articles raise caution that competition is increasing as major cloud customers develop custom AI chips, which could pressure NVIDIA’s margins over time. Nvidia Stock: Reasons For Short-Term Caution Into Earnings
• Negative Sentiment: There is also some broader sector warning chatter about semiconductors flashing a technical crash signal, which could weigh on sentiment if risk appetite fades. Semiconductor stocks just printed major crash signal

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 20,000 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $3,497,800.00. Following the completion of the sale, the chief financial officer owned 83,060 shares in the company, valued at $14,526,363.40. This trade represents a 19.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Dabiri sold 3,004 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $184.90, for a total transaction of $555,439.60. Following the completion of the sale, the director owned 14,788 shares of the company’s stock, valued at approximately $2,734,301.20. This represents a 16.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 906,336 shares of company stock valued at $162,802,518. 4.17% of the stock is owned by company insiders.

NVIDIA Company Profile

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.