Allegiance Financial Group Advisory Services LLC Raises Position in NVIDIA Corporation $NVDA

Allegiance Financial Group Advisory Services LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 76.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,516 shares of the computer hardware maker’s stock after acquiring an additional 8,023 shares during the quarter. NVIDIA comprises about 0.7% of Allegiance Financial Group Advisory Services LLC’s portfolio, making the stock its 19th biggest holding. Allegiance Financial Group Advisory Services LLC’s holdings in NVIDIA were worth $3,453,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of 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 purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA in the 2nd quarter valued at $40,000. Syntax Research Inc. boosted its stake in NVIDIA by 62.5% during the 4th quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker’s stock worth $49,000 after purchasing an additional 100 shares during the last quarter. Sellwood Investment Partners LLC acquired a new stake in NVIDIA during the 3rd quarter worth $50,000. Finally, Networth Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth $51,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NVIDIA news, Director Aarti S. Shah sold 19,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the completion of the transaction, the director owned 36,007 shares of the company’s stock, valued at $6,362,796.97. This trade represents a 34.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 42,650 shares of NVIDIA stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $174.89, for a total transaction of $7,459,058.50. Following the sale, the chief financial officer owned 881,387 shares of the company’s stock, valued at approximately $154,145,772.43. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 906,961 shares of company stock valued at $162,936,268 over the last three months. Company insiders own 3.94% of the company’s stock.

NVIDIA Trading Down 1.5%

Shares of NVIDIA stock opened at $211.14 on Friday. The stock has a 50 day moving average of $199.28 and a 200 day moving average of $189.70. 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 firm has a market capitalization of $5.11 trillion, a price-to-earnings ratio of 32.33, a PEG ratio of 0.51 and a beta of 2.25. NVIDIA Corporation has a fifty-two week low of $132.92 and a fifty-two week high of $236.54.

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

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

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be given a $0.25 dividend. The ex-dividend date of this dividend is 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 0.61%.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Investors are looking ahead to next week’s Computex conference, which could provide a fresh catalyst for NVIDIA’s AI-chip leadership and keep sentiment constructive around the stock. Why Nvidia stock is up around 1% today
• Positive Sentiment: Analysts and commentators continue to point to NVIDIA as the main winner from the AI server boom, with strong demand for its chips, Blackwell products, and broader data-center ecosystem. Jim Cramer names Nvidia as the winner behind Dell rally
• Positive Sentiment: News that NVIDIA is investing heavily in photonics, with billions directed toward next-generation data-center connectivity, suggests the company is trying to extend its AI leadership beyond GPUs into the next bottlenecks in AI infrastructure. Nvidia is investing billions into this emerging technology that could change the AI industry
• Positive Sentiment: Truist raised its price target on NVDA to $307 and kept a Buy rating, reinforcing the view that the company’s strong quarterly results and growth outlook remain intact. NVIDIA Corporation (NVDA) Stock Update: Truist Raises Target to $307 Following Strong Quarter
• Neutral Sentiment: CEO Jensen Huang’s reported advisory-board role at Tsinghua University keeps NVIDIA visible in China-related tech circles, but it is more of a corporate-profile headline than a direct earnings driver. Nvidia chief Jensen Huang to join board of Beijing’s Tsinghua University, FT reports
• Negative Sentiment: Director John Dabiri sold 625 shares under a pre-arranged 10b5-1 trading plan, which is routine but can still add to investor caution when the stock is already expensive and volatile. SEC filing for John Dabiri transaction
• Negative Sentiment: Several articles highlight concerns that NVIDIA’s valuation is stretched and that the stock may be struggling to extend gains after a huge AI-driven run, which can weigh on near-term trading. Nvidia And The Reality Of Paying For Perfection

Analyst Upgrades and Downgrades

NVDA has been the topic of several research reports. DA Davidson raised their price target on shares of NVIDIA from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. upped their price objective on shares of NVIDIA from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Zacks Research downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. BTIG Research initiated coverage on shares of NVIDIA in a research note on Wednesday, April 15th. They issued a “buy” rating on the stock. Finally, Royal Bank Of Canada set a $280.00 price target on NVIDIA in a research report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $305.38.

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.