NVIDIA Corporation $NVDA Shares Acquired by United Bank

United Bank lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,009 shares of the computer hardware maker’s stock after acquiring an additional 3,525 shares during the quarter. NVIDIA accounts for approximately 3.8% of United Bank’s investment portfolio, making the stock its 5th biggest holding. United Bank’s holdings in NVIDIA were worth $11,512,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NVDA. Spectrum Financial Alliance Ltd LLC grew its holdings in NVIDIA by 3.8% in the first quarter. Spectrum Financial Alliance Ltd LLC now owns 1,395 shares of the computer hardware maker’s stock valued at $243,000 after purchasing an additional 51 shares during the period. Presidio Capital Management LLC raised its stake in shares of NVIDIA by 0.4% during the 4th quarter. Presidio Capital Management LLC now owns 15,137 shares of the computer hardware maker’s stock worth $2,823,000 after buying an additional 53 shares during the period. LMG Wealth Partners LLC lifted its position in shares of NVIDIA by 0.7% during the 4th quarter. LMG Wealth Partners LLC now owns 7,649 shares of the computer hardware maker’s stock valued at $1,427,000 after buying an additional 53 shares in the last quarter. Vision Financial Markets LLC lifted its position in shares of NVIDIA by 1.2% during the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock valued at $866,000 after buying an additional 53 shares in the last quarter. Finally, JGP Global Gestao de Recursos Ltda. grew its stake in NVIDIA by 2.3% in the 4th quarter. JGP Global Gestao de Recursos Ltda. now owns 2,402 shares of the computer hardware maker’s stock valued at $448,000 after acquiring an additional 55 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total value of $133,750.00. Following the completion of the transaction, the director directly owned 14,163 shares of the company’s stock, valued at $3,030,882. The trade was a 4.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the transaction, the director owned 5,207,271 shares of the company’s stock, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,901,125 shares of company stock worth $410,583,015 in the last three months. 3.94% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on NVDA shares. Wolfe Research reissued an “outperform” rating and issued a $275.00 price target on shares of NVIDIA in a report on Thursday, May 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of NVIDIA in a research report on Wednesday, July 8th. The Goldman Sachs Group reissued a “buy” rating and set a $285.00 target price (up from $250.00) on shares of NVIDIA in a research note on Wednesday, May 20th. Rothschild & Co Redburn upped their price target on shares of NVIDIA from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Bank of America reiterated a “buy” rating and issued a $350.00 price objective (up from $320.00) on shares of NVIDIA in a report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $304.26.

Read Our Latest Stock Report on NVDA

NVIDIA Stock Up 2.3%

NVDA stock opened at $212.06 on Thursday. NVIDIA Corporation has a one year low of $164.07 and a one year high of $236.54. The firm’s 50 day moving average price is $208.76 and its 200-day moving average price is $195.59. The firm has a market cap of $5.13 trillion, a PE ratio of 32.47, a PEG ratio of 0.40 and a beta of 2.21. 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 (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The business had revenue of $81.61 billion during 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 was up 85.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post 8.79 EPS for the current year.

NVIDIA declared that its board has approved a share repurchase plan on Wednesday, May 20th that allows the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

NVIDIA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were given a dividend of $0.25 per share. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, June 4th. NVIDIA’s dividend payout ratio (DPR) is 15.31%.

NVIDIA News Summary

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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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