RNC Capital Management LLC Sells 3,167 Shares of NVIDIA Corporation $NVDA

RNC Capital Management LLC decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 168,329 shares of the computer hardware maker’s stock after selling 3,167 shares during the period. RNC Capital Management LLC’s holdings in NVIDIA were worth $31,393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Christine Messmer PC bought a new stake in NVIDIA during the 4th quarter valued at about $4,872,000. Milestone Asset Management Group LLC lifted its holdings in NVIDIA by 22.5% during the 4th quarter. Milestone Asset Management Group LLC now owns 19,145 shares of the computer hardware maker’s stock valued at $3,571,000 after buying an additional 3,515 shares in the last quarter. Alta Wealth Advisors LLC lifted its holdings in NVIDIA by 4.0% during the 4th quarter. Alta Wealth Advisors LLC now owns 73,913 shares of the computer hardware maker’s stock valued at $13,785,000 after buying an additional 2,840 shares in the last quarter. Nordwand Advisors LLC lifted its holdings in NVIDIA by 15.0% during the 4th quarter. Nordwand Advisors LLC now owns 23,323 shares of the computer hardware maker’s stock valued at $4,350,000 after buying an additional 3,036 shares in the last quarter. Finally, Falcon Wealth Planning lifted its holdings in NVIDIA by 9.5% during the 4th quarter. Falcon Wealth Planning now owns 57,310 shares of the computer hardware maker’s stock valued at $10,688,000 after buying an additional 4,976 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 0.8%

NASDAQ NVDA opened at $214.25 on Friday. 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 market cap of $5.18 trillion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 0.51 and a beta of 2.25. The company has a 50 day moving average price of $198.67 and a 200 day moving average price of $189.55. NVIDIA Corporation has a 52 week low of $132.92 and a 52 week high of $236.54.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping the consensus estimate of $1.76 by $0.11. The firm had revenue of $81.62 billion during the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. NVIDIA’s revenue was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 8.04 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

NVIDIA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be paid a dividend of $0.25 per share. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA’s dividend payout ratio (DPR) is presently 0.61%.

Insider Activity

In related news, Director Mark A. Stevens sold 221,682 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the completion of the transaction, the director owned 7,399,771 shares in the company, valued at $1,285,192,227.28. The trade was a 2.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Aarti S. Shah sold 19,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the transaction, the director owned 36,007 shares of the company’s stock, valued at approximately $6,362,796.97. This trade represents a 34.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 906,336 shares of company stock worth $162,802,518 over the last 90 days. 3.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NVDA. Barclays reiterated an “overweight” rating on shares of NVIDIA in a report on Thursday, May 21st. Mizuho set a $300.00 price target on shares of NVIDIA in a report on Thursday, May 21st. William Blair set a $300.00 price target on shares of NVIDIA in a report on Thursday, March 12th. Rosenblatt Securities reissued a “buy” rating and set a $325.00 price objective on shares of NVIDIA in a report on Thursday, May 21st. Finally, HSBC reissued a “buy” rating and set a $325.00 price objective (up from $295.00) on shares of NVIDIA in a report on Tuesday, May 19th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $305.38.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Wall Street analysts remain constructive after earnings, with Truist raising its price target to $307 and Tigress Financial lifting its target to $425, citing NVIDIA’s dominant position in AI hardware and strong growth outlook.
• Positive Sentiment: Management’s Taiwan expansion plan is reinforcing the long-term AI demand story. NVIDIA said it plans to spend about $150 billion a year in Taiwan and build a new headquarters there, underscoring confidence in the supply chain and future production capacity.
• Positive Sentiment: Recent commentary continues to frame NVIDIA as a key beneficiary of the AI infrastructure buildout, with articles pointing to ongoing shortages in memory, networking, and power as evidence that demand for NVIDIA’s Blackwell systems remains very strong.
• Neutral Sentiment: Several articles highlight Jensen Huang’s growing influence and visibility, including reports that he may join the advisory board of Tsinghua University and that he is now among the world’s richest people. These are notable but not direct stock catalysts.
• Neutral Sentiment: A number of pieces focus on broader AI ecosystem developments, including Groq’s fundraising, IREN’s Blackwell purchase, and other semiconductor names benefiting from the AI trade. These reinforce sector momentum but are mostly indirect for NVDA.
• Negative Sentiment: Some investors are worried NVIDIA’s valuation has become stretched and that the AI trade may be crowded, with bearish commentary warning that a lot of good news may already be priced in.
• Negative Sentiment: There are also geopolitical and regulatory concerns, including reports of possible NVIDIA chip smuggling to China via Japan, which could revive scrutiny around export controls and China exposure.

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.