Bluedoor Private Wealth LLC Takes $3.71 Million Position in NVIDIA Corporation $NVDA

Bluedoor Private Wealth LLC bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 19,876 shares of the computer hardware maker’s stock, valued at approximately $3,707,000. NVIDIA makes up 1.7% of Bluedoor Private Wealth LLC’s portfolio, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Brighton Jones LLC grew its stake in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after purchasing an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after purchasing an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE raised its position in NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after purchasing an additional 3,653 shares during the last quarter. Hudson Value Partners LLC raised its position in NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. lifted its holdings in NVIDIA by 15.7% during the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock worth $715,000 after buying an additional 896 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $207.41 on Wednesday. NVIDIA Corporation has a twelve month low of $142.03 and a twelve month high of $236.54. The firm has a fifty day simple moving average of $208.14 and a 200 day simple moving average of $191.84. The company has a market capitalization of $5.02 trillion, a PE ratio of 31.76, a P/E/G ratio of 0.47 and a beta of 2.22. 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 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. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. During the same quarter last year, the firm earned $0.81 earnings per share. NVIDIA’s quarterly revenue was up 85.2% on a year-over-year basis. On average, sell-side analysts forecast that NVIDIA Corporation will post 8.65 EPS for the current year.

NVIDIA declared that its board has initiated a share buyback plan on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

NVIDIA Increases Dividend

The company also recently announced 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 a boost 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%. The ex-dividend date of this dividend is Thursday, June 4th. NVIDIA’s payout ratio is 15.31%.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 500,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $219.83, for a total transaction of $109,915,000.00. Following the transaction, the director owned 6,399,771 shares in the company, valued at $1,406,861,658.93. The trade was a 7.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dabiri sold 625 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the transaction, the director owned 14,163 shares in the company, valued at $3,030,882. The trade was a 4.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,319,457 shares of company stock valued at $277,398,643 over the last three months. 3.94% of the stock is currently owned by corporate insiders.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

Analyst Ratings Changes

Several research analysts have commented on NVDA shares. Seaport Research Partners lifted their target price on NVIDIA from $140.00 to $180.00 and gave the stock a “sell” rating in a report on Thursday, May 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $285.00 price target (up from $250.00) on shares of NVIDIA in a research note on Wednesday, May 20th. Wedbush upped their target price on NVIDIA from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Zacks Research cut NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Mizuho set a $300.00 target price on NVIDIA in a report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $305.67.

Check Out Our Latest Stock Analysis on NVIDIA

About NVIDIA

(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

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDAFree Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.