LifePlan Investment Advisors Inc. Has $2.35 Million Position in NVIDIA Corporation $NVDA

LifePlan Investment Advisors Inc. reduced its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 40.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,587 shares of the computer hardware maker’s stock after selling 8,615 shares during the quarter. LifePlan Investment Advisors Inc.’s holdings in NVIDIA were worth $2,347,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wealthquest Corp lifted its holdings in NVIDIA by 14.3% in the 4th quarter. Wealthquest Corp now owns 23,641 shares of the computer hardware maker’s stock worth $4,409,000 after purchasing an additional 2,960 shares during the last quarter. Dilation Capital Management LP lifted its holdings in NVIDIA by 24.6% in the 4th quarter. Dilation Capital Management LP now owns 121,861 shares of the computer hardware maker’s stock worth $22,727,000 after purchasing an additional 24,065 shares during the last quarter. FinDec Wealth Services Inc. lifted its holdings in NVIDIA by 6.1% in the 4th quarter. FinDec Wealth Services Inc. now owns 2,685 shares of the computer hardware maker’s stock worth $501,000 after purchasing an additional 155 shares during the last quarter. Weinberger Asset Management Inc lifted its holdings in NVIDIA by 0.6% in the 4th quarter. Weinberger Asset Management Inc now owns 16,535 shares of the computer hardware maker’s stock worth $3,084,000 after purchasing an additional 102 shares during the last quarter. Finally, Lathrop Investment Management Co. lifted its holdings in NVIDIA by 0.4% in the 4th quarter. Lathrop Investment Management Co. now owns 20,912 shares of the computer hardware maker’s stock worth $3,900,000 after purchasing an additional 80 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

Insider Buying and Selling at NVIDIA

In other news, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the sale, the director directly owned 116,135 shares in the company, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Aarti S. Shah sold 19,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director owned 36,007 shares in the company, valued at approximately $6,362,796.97. This represents a 34.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,922,461 shares of company stock valued at $387,385,083 in the last quarter. 3.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NVDA shares. Wells Fargo & Company reiterated an “overweight” rating and set a $315.00 price target (up from $265.00) on shares of NVIDIA in a report on Tuesday, May 12th. KeyCorp set a $310.00 price target on NVIDIA and gave the stock an “overweight” rating in a report on Thursday, May 21st. DZ Bank reiterated a “buy” rating on shares of NVIDIA in a report on Thursday, May 21st. UBS Group upped their price target on NVIDIA from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Daiwa Securities Group upped their price target on NVIDIA from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Three analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $305.67.

Read Our Latest Report on NVDA

NVIDIA Stock Performance

NVDA opened at $205.10 on Monday. The stock has a market cap of $4.96 trillion, a PE ratio of 31.41, a P/E/G ratio of 0.46 and a beta of 2.22. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. NVIDIA Corporation has a 1 year low of $140.85 and a 1 year high of $236.54. The stock’s 50 day simple moving average is $203.37 and its 200-day simple moving average is $190.58.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings data 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 business had revenue of $81.62 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%.NVIDIA’s quarterly revenue was up 85.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. Sell-side analysts forecast that NVIDIA Corporation will post 8.61 EPS for the current year.

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

NVIDIA Increases Dividend

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

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.

Featured Stories

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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