BlueSky Wealth Advisors LLC Acquires 35,776 Shares of NVIDIA Corporation $NVDA

BlueSky Wealth Advisors LLC increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 91.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 74,748 shares of the computer hardware maker’s stock after acquiring an additional 35,776 shares during the quarter. NVIDIA comprises about 1.7% of BlueSky Wealth Advisors LLC’s holdings, making the stock its 21st largest position. BlueSky Wealth Advisors LLC’s holdings in NVIDIA were worth $13,036,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NVDA. BI Asset Management Fondsmaeglerselskab A S increased its position in NVIDIA by 4.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,945,120 shares of the computer hardware maker’s stock valued at $851,085,000 after acquiring an additional 204,455 shares during the period. Uhlmann Price Securities LLC lifted its holdings in shares of NVIDIA by 572.6% during the first quarter. Uhlmann Price Securities LLC now owns 19,592 shares of the computer hardware maker’s stock worth $3,430,000 after purchasing an additional 16,679 shares during the period. Financial Designs Corp bought a new stake in shares of NVIDIA in the first quarter worth $791,000. ARS Investment Partners LLC grew its stake in shares of NVIDIA by 36.1% in the first quarter. ARS Investment Partners LLC now owns 299,764 shares of the computer hardware maker’s stock worth $52,279,000 after purchasing an additional 79,583 shares during the last quarter. Finally, Lexington Hill Partners LLC increased its holdings in NVIDIA by 148.5% in the first quarter. Lexington Hill Partners LLC now owns 6,959 shares of the computer hardware maker’s stock valued at $1,214,000 after purchasing an additional 4,159 shares during the period. 65.27% of the stock is owned by institutional investors.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent research reports. Piper Sandler reaffirmed an “overweight” rating on shares of NVIDIA in a report on Thursday, February 26th. Sanford C. Bernstein reissued a “buy” rating on shares of NVIDIA in a research note on Monday, June 8th. Rosenblatt Securities restated a “buy” rating and set a $325.00 price objective on shares of NVIDIA in a research report on Thursday, May 21st. Barclays reaffirmed an “overweight” rating on shares of NVIDIA in a research note on Thursday, May 21st. Finally, Itau BBA Securities reiterated a “market perform” rating on shares of NVIDIA in a report on Thursday, February 26th. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and an average price target of $305.67.

View Our Latest Stock Analysis on NVIDIA

NVIDIA Trading Down 0.9%

Shares of NVDA stock opened at $198.32 on Thursday. NVIDIA Corporation has a fifty-two week low of $149.26 and a fifty-two week high of $236.54. 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 stock has a 50 day simple moving average of $210.80 and a two-hundred day simple moving average of $192.91. The company has a market cap of $4.80 trillion, a P/E ratio of 30.37, a PEG ratio of 0.45 and a beta of 2.22.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The firm had revenue of $81.61 billion for 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 company’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 EPS. Research analysts forecast that NVIDIA Corporation will post 8.69 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently announced 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. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 4th. NVIDIA’s payout ratio is currently 15.31%.

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 885,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the sale, the director directly owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the sale, the director directly owned 14,163 shares of the company’s stock, valued at approximately $3,030,882. This trade represents a 4.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,901,125 shares of company stock valued at $410,583,015 over the last ninety days. 3.94% of the stock is owned by corporate insiders.

NVIDIA Company 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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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