Rogco LP Boosts Holdings in NVIDIA Corporation $NVDA

Rogco LP lifted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 14.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,027 shares of the computer hardware maker’s stock after buying an additional 2,792 shares during the quarter. NVIDIA makes up 1.4% of Rogco LP’s holdings, making the stock its 15th largest holding. Rogco LP’s holdings in NVIDIA were worth $4,108,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NVDA. Longfellow Investment Management Co. LLC raised its position in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA in the 2nd quarter worth about $40,000. Sellwood Investment Partners LLC purchased a new position in NVIDIA in the 3rd quarter worth about $50,000. Networth Advisors LLC purchased a new position in NVIDIA in the 4th quarter worth about $51,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new position in NVIDIA in the 2nd quarter worth about $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 42,650 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $7,459,058.50. Following the completion of the transaction, the chief financial officer directly owned 881,387 shares in the company, valued at approximately $154,145,772.43. The trade was a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 3,004 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $184.90, for a total value of $555,439.60. Following the transaction, the director owned 14,788 shares of the company’s stock, valued at approximately $2,734,301.20. This trade represents a 16.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 906,336 shares of company stock worth $162,802,518 in the last quarter. 4.17% of the stock is currently owned by insiders.

NVIDIA Trading Down 1.8%

Shares of NASDAQ:NVDA opened at $219.51 on Friday. The stock has a 50 day moving average of $195.51 and a 200 day moving average of $188.87. The company has a market cap of $5.32 trillion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 0.69 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 Corporation has a 12-month low of $129.16 and a 12-month high of $236.54.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The company had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a return on equity of 110.48% and a net margin of 62.97%.The firm’s revenue was up 85.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. As a group, equities research analysts expect that NVIDIA Corporation will post 7.89 EPS for the current 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 shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

NVIDIA Increases Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA’s dividend payout ratio is presently 0.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NVDA. William Blair set a $300.00 target price on NVIDIA in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $255.00 target price (up from $220.00) on shares of NVIDIA in a research report on Thursday. Itau BBA Securities reissued a “market perform” rating on shares of NVIDIA in a research report on Thursday, February 26th. Zacks Research raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, President Capital boosted their target price on NVIDIA from $280.00 to $295.00 and gave the stock a “buy” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $298.58.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Record revenue, earnings and cash flow, plus a major beat in data center sales, reinforce NVIDIA’s AI leadership and suggest demand remains very strong.
• Positive Sentiment: The $80 billion buyback and much higher dividend signal management confidence and should support shareholder returns.
• Positive Sentiment: Multiple analysts raised price targets after the report, reflecting continued Wall Street optimism about NVDA’s long-term growth. Article Title
• Neutral Sentiment: Management’s new outlook excludes China data-center revenue, which leaves some uncertainty around a key growth market.
• Neutral Sentiment: The stock had already run up sharply into earnings, so the market may be using the report as a chance to take profits or wait for even more upside from next-generation Vera Rubin products.
• Negative Sentiment: Investor expectations were so high that even a blockbuster quarter failed to spark a rally, suggesting the stock may be priced for perfection and vulnerable to near-term volatility.

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.