Boyer Financial Services Inc. purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 4,290 shares of the computer hardware maker’s stock, valued at approximately $810,000. NVIDIA makes up about 0.9% of Boyer Financial Services Inc.’s portfolio, making the stock its 23rd largest holding.
Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after purchasing an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in shares of NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after purchasing an additional 22,929 shares during the period. Highview Capital Management LLC DE boosted its holdings in shares of NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after purchasing an additional 3,653 shares during the period. Hudson Value Partners LLC increased its position in shares of NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. increased its position in shares of NVIDIA by 15.7% during the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after purchasing an additional 896 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.
Insiders Place Their Bets
In other NVIDIA news, Director Aarti S. Shah sold 19,000 shares of NVIDIA stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $176.71, for a total value of $3,357,490.00. Following the transaction, the director owned 36,007 shares in the company, valued at $6,362,796.97. The trade was a 34.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 300,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total transaction of $54,675,000.00. Following the completion of the transaction, the executive vice president owned 3,018,547 shares of the company’s stock, valued at $550,130,190.75. This represents a 9.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 906,336 shares of company stock worth $162,802,518. Insiders own 4.17% of the company’s stock.
NVIDIA News Summary
- 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.
NVIDIA Stock Down 1.8%
Shares of NVIDIA stock opened at $219.51 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. The stock has a market cap of $5.32 trillion, a price-to-earnings ratio of 33.62, a PEG ratio of 0.69 and a beta of 2.25. The firm’s 50-day moving average is $195.51 and its two-hundred day moving average is $188.87. NVIDIA Corporation has a 1 year low of $129.16 and a 1 year high of $236.54.
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 110.48%. The firm had revenue of $81.62 billion during the quarter, compared to analysts’ expectations of $78.42 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The company’s revenue was up 85.2% compared to the same quarter last year. As a group, research analysts expect that NVIDIA Corporation will post 7.89 earnings per share for the current fiscal 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 reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are generally 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 dividend of $0.25 per share. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA’s payout ratio is 0.82%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Raymond James Financial restated a “strong-buy” rating and issued a $330.00 price target on shares of NVIDIA in a research report on Thursday. Truist Financial increased their target price on shares of NVIDIA from $287.00 to $307.00 and gave the company a “buy” rating in a research note on Thursday. William Blair set a $300.00 target price on shares of NVIDIA in a report on Thursday, March 12th. Citigroup initiated coverage on shares of NVIDIA in a research note on Wednesday, April 15th. They set a “buy” rating for the company. Finally, HSBC reiterated a “buy” rating and set a $325.00 price target (up from $295.00) on shares of NVIDIA in a report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, NVIDIA has an average rating of “Buy” and a consensus price target of $298.58.
Get Our Latest Research Report on NVIDIA
NVIDIA 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.
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