Oakwell Private Wealth Management LLC Grows Stock Holdings in NVIDIA Corporation $NVDA

Oakwell Private Wealth Management LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 39.4% during the 4th quarter, Holdings Channel reports. The fund owned 59,486 shares of the computer hardware maker’s stock after buying an additional 16,818 shares during the period. NVIDIA comprises 2.1% of Oakwell Private Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. Oakwell Private Wealth Management LLC’s holdings in NVIDIA were worth $11,094,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. Longfellow Investment Management Co. LLC raised its position in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA during the 2nd quarter valued at $40,000. Sellwood Investment Partners LLC bought a new stake in shares of NVIDIA during the 3rd quarter valued at $50,000. Networth Advisors LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $51,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new stake in shares of NVIDIA during the 2nd quarter valued at $54,000. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 3,004 shares of NVIDIA stock in a transaction on Friday, March 13th. The shares were sold at an average price of $184.90, for a total value of $555,439.60. Following the completion of the transaction, the director directly owned 14,788 shares of the company’s stock, valued at $2,734,301.20. This trade represents a 16.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ajay K. Puri sold 300,000 shares of NVIDIA stock in a transaction on 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 directly owned 3,018,547 shares of the company’s stock, valued at $550,130,190.75. The trade was a 9.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 906,336 shares of company stock worth $162,802,518. Insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NVDA shares. Itau BBA Securities restated a “market perform” rating on shares of NVIDIA in a research report on Thursday, February 26th. Daiwa Securities Group raised their price objective on shares of NVIDIA from $215.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price objective on shares of NVIDIA in a research report on Thursday. BTIG Research started coverage on shares of NVIDIA in a research report on Wednesday, April 15th. They set a “buy” rating on the stock. Finally, Royal Bank Of Canada set a $280.00 price objective on shares of NVIDIA in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $303.27.

Read Our Latest Report on NVIDIA

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $215.33 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.24 and a current ratio of 3.44. The company has a market cap of $5.21 trillion, a P/E ratio of 32.98, a P/E/G ratio of 0.67 and a beta of 2.25. The firm’s fifty day moving average is $196.10 and its two-hundred day moving average is $189.06. NVIDIA Corporation has a 52-week low of $129.16 and a 52-week high of $236.54.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The company 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%. NVIDIA’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. As a group, analysts anticipate that NVIDIA Corporation will post 7.98 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has approved a share repurchase program on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

NVIDIA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 4th. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s dividend payout ratio is 15.31%.

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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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