Retirement Planning Group LLC Buys 12,769 Shares of NVIDIA Corporation $NVDA

Retirement Planning Group LLC lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,579 shares of the computer hardware maker’s stock after purchasing an additional 12,769 shares during the quarter. Retirement Planning Group LLC’s holdings in NVIDIA were worth $12,417,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Longfellow Investment Management Co. LLC grew its holdings in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new stake in NVIDIA during the second quarter valued at about $40,000. Syntax Research Inc. boosted its position in NVIDIA by 62.5% during the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker’s stock valued at $49,000 after buying an additional 100 shares during the period. Sellwood Investment Partners LLC purchased a new stake in NVIDIA during the third quarter valued at about $50,000. Finally, Networth Advisors LLC purchased a new stake in NVIDIA during the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $211.14 on Friday. The stock has a fifty day moving average of $199.28 and a 200 day moving average of $189.70. NVIDIA Corporation has a 52 week low of $132.92 and a 52 week high of $236.54. The firm has a market capitalization of $5.11 trillion, a price-to-earnings ratio of 32.33, a PEG ratio of 0.51 and a beta of 2.25. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company had revenue of $81.62 billion during the quarter, compared to analyst estimates of $78.42 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The firm’s revenue was up 85.2% on a year-over-year basis. As a group, research analysts expect that NVIDIA Corporation will post 8.04 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA’s payout ratio is 0.61%.

NVIDIA declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 20th that permits the company to buyback $80.00 billion in shares. This buyback authorization permits the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NVDA shares. TD Cowen reissued a “buy” rating and set a $275.00 price objective (up from $235.00) on shares of NVIDIA in a research note on Friday, May 15th. Jefferies Financial Group reissued a “buy” rating and set a $300.00 price objective (up from $275.00) on shares of NVIDIA in a research note on Thursday, May 21st. UBS Group increased their price objective on NVIDIA from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. HSBC reissued a “buy” rating and set a $325.00 price objective (up from $295.00) on shares of NVIDIA in a research note on Tuesday, May 19th. Finally, BTIG Research started coverage on NVIDIA in a research note on Wednesday, April 15th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $305.38.

Read Our Latest Report on NVIDIA

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 300,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total value of $54,675,000.00. Following the completion of the sale, the executive vice president owned 3,018,547 shares of the company’s stock, valued at $550,130,190.75. This trade represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Colette Kress sold 20,000 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $3,497,800.00. Following the completion of the sale, the chief financial officer directly owned 83,060 shares of the company’s stock, valued at $14,526,363.40. The trade was a 19.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 906,961 shares of company stock valued at $162,936,268 over the last three months. Insiders own 3.94% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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