OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 91,404 Shares of NVIDIA Corporation $NVDA

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 48.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 97,116 shares of the computer hardware maker’s stock after selling 91,404 shares during the period. NVIDIA comprises about 1.9% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s portfolio, making the stock its 10th largest holding. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NVIDIA were worth $18,112,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of NVDA. Diversified Enterprises LLC grew its position in shares of NVIDIA by 44.2% during the 4th quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker’s stock valued at $23,798,000 after acquiring an additional 39,129 shares during the period. ASR Vermogensbeheer N.V. raised its holdings in NVIDIA by 1.8% in the 4th quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker’s stock worth $591,086,000 after purchasing an additional 54,877 shares during the period. PMG Family Office LLC acquired a new position in NVIDIA in the 3rd quarter worth about $2,150,000. Weaver Capital Management LLC boosted its position in NVIDIA by 5.5% during the fourth quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker’s stock worth $15,893,000 after purchasing an additional 4,439 shares in the last quarter. Finally, Circle Wealth Management LLC boosted its position in NVIDIA by 16.1% during the third quarter. Circle Wealth Management LLC now owns 107,787 shares of the computer hardware maker’s stock worth $20,111,000 after purchasing an additional 14,936 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the sale, the director owned 116,135 shares in the company, valued at approximately $25,053,803.55. This represents a 11.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 625 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the transaction, the director directly owned 14,163 shares in the company, valued at $3,030,882. This trade represents a 4.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,016,125 shares of company stock valued at $224,582,565. Corporate insiders own 3.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NVDA shares. Oppenheimer restated an “outperform” rating and issued a $265.00 price objective on shares of NVIDIA in a research report on Thursday, February 26th. Wedbush increased their target price on NVIDIA from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Piper Sandler reissued an “overweight” rating on shares of NVIDIA in a report on Thursday, February 26th. New Street Research reduced their price objective on shares of NVIDIA from $343.00 to $340.00 in a research report on Thursday, May 21st. Finally, Zacks Research downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, NVIDIA currently has a consensus rating of “Buy” and an average target price of $305.67.

Read Our Latest Stock Report on NVDA

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $210.69 on Monday. 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 Corporation has a 1 year low of $142.03 and a 1 year high of $236.54. The firm has a market capitalization of $5.10 trillion, a PE ratio of 32.26, a P/E/G ratio of 0.47 and a beta of 2.22. The business’s 50 day moving average price is $209.90 and its 200-day moving average price is $192.47.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating the consensus estimate of $1.76 by $0.11. The firm had revenue of $81.61 billion during 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 firm’s revenue was up 85.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 EPS. As a group, equities research analysts expect that NVIDIA Corporation will post 8.65 earnings per share for the current fiscal year.

NVIDIA declared that its Board of Directors has approved 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 reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

NVIDIA Increases Dividend

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

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

NVIDIA Profile

(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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