Sands Capital Management LLC trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,043,571 shares of the computer hardware maker’s stock after selling 785,256 shares during the period. NVIDIA accounts for 11.4% of Sands Capital Management LLC’s holdings, making the stock its largest position. Sands Capital Management LLC owned 0.08% of NVIDIA worth $3,738,126,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Longfellow Investment Management Co. LLC raised its position in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA during the 2nd quarter worth approximately $40,000. AlphaCentric Advisors LLC bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $45,000. Syntax Research Inc. lifted its holdings in shares of NVIDIA by 62.5% during 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 period. Finally, Networth Advisors LLC acquired a new position in NVIDIA during the fourth quarter valued at approximately $51,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Price Performance
NVDA stock opened at $212.45 on Tuesday. The company has a fifty day moving average price of $207.54 and a 200-day moving average price of $191.65. The company has a market capitalization of $5.14 trillion, a P/E ratio of 32.53, a PEG ratio of 0.46 and a beta of 2.22. NVIDIA Corporation has a 52-week low of $142.03 and a 52-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.
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 represents a $1.00 annualized dividend and a dividend yield of 0.5%. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, June 4th. NVIDIA’s dividend payout ratio is currently 15.31%.
NVIDIA announced that its board has approved a share repurchase program on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on NVDA shares. New Street Research reduced their target price on NVIDIA from $343.00 to $340.00 in a report on Thursday, May 21st. Craig Hallum raised their target price on NVIDIA from $245.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $270.00 target price on shares of NVIDIA in a report on Tuesday, June 2nd. DZ Bank reissued a “buy” rating on shares of NVIDIA in a research note on Thursday, May 21st. Finally, Evercore reissued an “outperform” rating and issued a $413.00 price objective (up from $352.00) on shares of NVIDIA in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $305.67.
Check Out Our Latest Analysis on NVDA
More NVIDIA News
Here are the key news stories impacting NVIDIA this week:
- Positive Sentiment: NVIDIA said it plans to raise about $20 billion through its first U.S. investment-grade bond offering since 2021. Investors appear to view the move as a sign of confidence in future cash flows and a way to fund massive AI-chip and infrastructure investments without stressing the balance sheet. Reuters article
- Positive Sentiment: The bond-sale news also reinforced the view that demand for NVIDIA’s AI hardware remains extremely strong, since the company is tapping debt markets to help meet capital needs tied to its AI leadership. CNBC article
- Positive Sentiment: Shares also benefited from a broader semiconductor and tech rally, with chip stocks and AI names trading strongly after improved market sentiment and reports of easing geopolitical tensions. 247WallSt article
Insider Activity at NVIDIA
In other news, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. This represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 500,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $219.83, for a total transaction of $109,915,000.00. Following the sale, the director owned 6,399,771 shares of the company’s stock, valued at approximately $1,406,861,658.93. This trade represents a 7.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,619,457 shares of company stock valued at $332,073,643 over the last 90 days. 3.94% of the stock is owned by company insiders.
NVIDIA Profile
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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