Torren Management LLC Makes New Investment in NVIDIA Corporation $NVDA

Torren Management LLC bought a new position in NVIDIA Corporation (NASDAQ:NVDA) in the fourth quarter, HoldingsChannel reports. The fund bought 9,948 shares of the computer hardware maker’s stock, valued at approximately $1,855,000. NVIDIA accounts for approximately 0.9% of Torren Management LLC’s investment portfolio, making the stock its 17th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Longfellow Investment Management Co. LLC grew its position in shares of NVIDIA by 47.9% in the 2nd 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 during the last quarter. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA in the 2nd quarter valued at about $40,000. Sellwood Investment Partners LLC bought a new stake in shares of NVIDIA in the 3rd quarter valued at about $50,000. Networth Advisors LLC bought a new stake in shares of NVIDIA in the 4th quarter valued at about $51,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new stake in shares of NVIDIA in the 2nd quarter valued at about $54,000. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of a number of analyst reports. Royal Bank Of Canada set a $280.00 price target on NVIDIA in a research report on Thursday. Truist Financial upped their target price on NVIDIA from $287.00 to $307.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America restated a “buy” rating and set a $350.00 target price (up from $320.00) on shares of NVIDIA in a research report on Thursday. Susquehanna restated a “positive” rating and set a $275.00 target price (up from $250.00) on shares of NVIDIA in a research report on Tuesday, May 12th. Finally, BTIG Research started coverage on NVIDIA in a report on Wednesday, April 15th. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $298.58.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Record Q1 revenue and EPS topped estimates, showing demand for NVIDIA’s AI chips remains exceptional.
• Positive Sentiment: Data center revenue surged again, confirming NVIDIA’s dominance in AI infrastructure and compute.
• Positive Sentiment: The company added an $80 billion buyback and sharply increased its dividend, signaling confidence and capital return strength.
• Positive Sentiment: NVIDIA’s venture arm backed French quantum startup Alice & Bob, reinforcing its strategic push into emerging compute technologies. Article Title
• Neutral Sentiment: Analysts lifted price targets across the board, but the stock’s response has been restrained as expectations remain extremely high.
• Neutral Sentiment: NVIDIA is reorganizing reporting into Data Center and Edge Computing, which better reflects the business but may make comparisons harder near term.
• Negative Sentiment: The company’s Q2 outlook excludes any Data Center compute revenue from China, leaving a meaningful market out of the near-term forecast.
• Negative Sentiment: Some investors remain cautious that AI competition is intensifying and that NVIDIA may be priced for perfection after a huge run.

NVIDIA Stock Down 1.8%

NVDA stock opened at $219.51 on Friday. NVIDIA Corporation has a twelve month low of $129.16 and a twelve month high of $236.54. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is $195.51 and its 200-day moving average is $188.87. The firm has a market capitalization of $5.32 trillion, a PE ratio of 33.62, a P/E/G ratio of 0.69 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share 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 analyst estimates of $78.42 billion. NVIDIA had a return on equity of 110.48% and a net margin of 62.97%.The company’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. Sell-side analysts expect that NVIDIA Corporation will post 7.89 EPS for the current fiscal 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 given a dividend of $0.25 per share. 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 dividend yield of 0.5%. NVIDIA’s dividend payout ratio (DPR) is 0.82%.

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

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 20,000 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction 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 approximately $14,526,363.40. This trade represents a 19.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ajay K. Puri sold 300,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total value of $54,675,000.00. Following the sale, 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. The SEC filing for this sale provides additional information. Insiders sold a total of 906,336 shares of company stock valued at $162,802,518 in the last ninety days. Insiders own 4.17% of the company’s stock.

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.