NVIDIA Corporation $NVDA Shares Purchased by MSH Capital Advisors LLC

MSH Capital Advisors LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 82.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,224 shares of the computer hardware maker’s stock after purchasing an additional 10,033 shares during the quarter. NVIDIA comprises approximately 0.9% of MSH Capital Advisors LLC’s investment portfolio, making the stock its 27th largest position. MSH Capital Advisors LLC’s holdings in NVIDIA were worth $4,145,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC increased its stake in shares of 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 acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA in the 2nd quarter worth $40,000. Syntax Research Inc. increased its stake in shares of NVIDIA by 62.5% in the 4th quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker’s stock worth $49,000 after acquiring an additional 100 shares during the last quarter. Sellwood Investment Partners LLC acquired a new stake in shares of NVIDIA in the 3rd quarter worth $50,000. Finally, Networth Advisors LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth $51,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $208.64 on Tuesday. The business has a 50-day moving average of $204.12 and a 200 day moving average of $190.77. NVIDIA Corporation has a 12 month low of $140.85 and a 12 month high of $236.54. The stock has a market capitalization of $5.05 trillion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 0.46 and a beta of 2.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85.

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 during the quarter, compared to analysts’ expectations of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 8.61 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, June 4th. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s dividend payout ratio (DPR) is 15.31%.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Piper Sandler reaffirmed an “overweight” rating on shares of NVIDIA in a research note on Thursday, February 26th. Evercore reaffirmed an “outperform” rating and issued a $413.00 target price (up from $352.00) on shares of NVIDIA in a research note on Thursday, May 21st. Craig Hallum raised their target price on NVIDIA from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Robert W. Baird set a $500.00 target price on NVIDIA and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Susquehanna reaffirmed a “positive” rating and issued a $275.00 target price (up from $250.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $305.67.

Check Out Our Latest Research Report on NVIDIA

Insiders Place Their Bets

In other news, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the transaction, the director owned 116,135 shares in the company, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Aarti S. Shah sold 19,000 shares of NVIDIA stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $176.71, for a total value 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. 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 1,622,461 shares of company stock worth $332,629,083. Corporate insiders own 3.94% of the company’s stock.

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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