NVIDIA Corporation $NVDA is Certuity LLC’s 3rd Largest Position

Certuity LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.2% in the 4th quarter, HoldingsChannel reports. The firm owned 951,652 shares of the computer hardware maker’s stock after acquiring an additional 11,144 shares during the quarter. NVIDIA accounts for approximately 8.0% of Certuity LLC’s investment portfolio, making the stock its 3rd biggest holding. Certuity LLC’s holdings in NVIDIA were worth $177,483,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NVDA. Longfellow Investment Management Co. LLC boosted its stake in 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 acquiring an additional 67 shares during the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA in the second quarter valued at about $40,000. Sellwood Investment Partners LLC purchased a new position in NVIDIA in the third quarter valued at about $50,000. Networth Advisors LLC purchased a new position in NVIDIA in the fourth quarter valued at about $51,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new stake in NVIDIA in the second quarter worth $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In related news, Director Aarti S. Shah sold 19,000 shares of the stock in a transaction on Thursday, March 19th. The stock was 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 trade represents a 34.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 42,650 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $7,459,058.50. Following the completion of the sale, the chief financial officer owned 881,387 shares in the company, valued at $154,145,772.43. This trade represents a 4.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 906,336 shares of company stock valued at $162,802,518 in the last quarter. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NVDA opened at $219.51 on Friday. The stock’s 50-day simple moving average is $195.51 and its 200 day simple moving average is $188.87. The stock has a market capitalization of $5.32 trillion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 0.69 and a beta of 2.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91. NVIDIA Corporation has a 52-week low of $129.16 and a 52-week high of $236.54.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping 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 110.48% and a net margin of 62.97%.The firm’s quarterly revenue was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS. Research analysts forecast that NVIDIA Corporation will post 7.89 EPS for the current fiscal year.

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

NVIDIA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be paid 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 yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 4th. NVIDIA’s dividend payout ratio is presently 0.82%.

Analyst Ratings Changes

A number of analysts have issued reports on NVDA shares. Weiss Ratings reissued a “buy (b)” rating on shares of NVIDIA in a research report on Friday, April 10th. UBS Group raised their target price on NVIDIA from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday. Benchmark reissued a “buy” rating and issued a $335.00 target price (up from $250.00) on shares of NVIDIA in a research report on Thursday. Wedbush upped their price objective on shares of NVIDIA from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Seaport Research Partners upped their price objective on shares of NVIDIA from $140.00 to $180.00 and gave the company a “sell” rating in a report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $298.58.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Record revenue, earnings and cash flow, plus a major beat in data center sales, reinforce NVIDIA’s AI leadership and suggest demand remains very strong.
• Positive Sentiment: The $80 billion buyback and much higher dividend signal management confidence and should support shareholder returns.
• Positive Sentiment: Multiple analysts raised price targets after the report, reflecting continued Wall Street optimism about NVDA’s long-term growth. Article Title
• Neutral Sentiment: Management’s new outlook excludes China data-center revenue, which leaves some uncertainty around a key growth market.
• Neutral Sentiment: The stock had already run up sharply into earnings, so the market may be using the report as a chance to take profits or wait for even more upside from next-generation Vera Rubin products.
• Negative Sentiment: Investor expectations were so high that even a blockbuster quarter failed to spark a rally, suggesting the stock may be priced for perfection and vulnerable to near-term volatility.

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.