NVIDIA Corporation $NVDA Shares Acquired by Avid Wealth Partners LLC

Avid Wealth Partners LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 43.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,967 shares of the computer hardware maker’s stock after buying an additional 3,631 shares during the quarter. NVIDIA accounts for approximately 1.1% of Avid Wealth Partners LLC’s portfolio, making the stock its 21st largest holding. Avid Wealth Partners LLC’s holdings in NVIDIA were worth $2,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC grew its position in 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 buying an additional 67 shares during the period. AlphaCentric Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth about $45,000. Spurstone Advisory Services LLC acquired a new position in NVIDIA during the second quarter worth about $40,000. Syntax Research Inc. grew its position in NVIDIA by 62.5% during the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker’s stock worth $49,000 after buying an additional 100 shares during the period. Finally, Networth Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth about $51,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NVDA opened at $205.19 on Friday. 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 company has a market capitalization of $4.97 trillion, a price-to-earnings ratio of 31.42, a PEG ratio of 0.46 and a beta of 2.22. The company’s 50 day simple moving average is $206.84 and its 200 day simple moving average is $191.34. NVIDIA Corporation has a 1 year low of $140.85 and a 1 year high of $236.54.

NVIDIA (NASDAQ:NVDAGet Free Report) 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 the consensus estimate of $1.76 by $0.11. The business had revenue of $81.62 billion for the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, sell-side analysts predict that NVIDIA Corporation will post 8.65 EPS for the current year.

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. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA’s payout ratio is currently 15.31%.

NVIDIA declared that its board has authorized a share buyback program 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 shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NVDA shares. Stifel Nicolaus set a $282.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a research report on Thursday, May 21st. Wells Fargo & Company restated an “overweight” rating and set a $315.00 target price (up from $265.00) on shares of NVIDIA in a research report on Tuesday, May 12th. Piper Sandler restated an “overweight” rating on shares of NVIDIA in a research report on Thursday, February 26th. Citic Securities upped their price target on shares of NVIDIA from $242.00 to $315.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Rothschild & Co Redburn upped their price target on shares of NVIDIA from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Buy” and a consensus price target of $305.67.

Check Out Our Latest Report on NVDA

Insider Buying and Selling at NVIDIA

In related news, EVP Ajay K. Puri sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total transaction of $54,675,000.00. Following the transaction, the executive vice president owned 3,018,547 shares of the company’s stock, valued at approximately $550,130,190.75. This represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Aarti S. Shah sold 19,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 36,007 shares in the company, valued at $6,362,796.97. The trade was a 34.54% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,619,457 shares of company stock valued at $332,073,643. 3.94% of the stock is owned by corporate insiders.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

About NVIDIA

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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