Seven Mile Advisory Has $18.61 Million Stock Holdings in NVIDIA Corporation $NVDA

Seven Mile Advisory lessened its stake in NVIDIA Corporation (NASDAQ:NVDA) by 19.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 99,780 shares of the computer hardware maker’s stock after selling 23,667 shares during the quarter. NVIDIA makes up approximately 3.2% of Seven Mile Advisory’s portfolio, making the stock its 8th biggest position. Seven Mile Advisory’s holdings in NVIDIA were worth $18,609,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SHUTTLEWORTH & Co raised its position in shares of NVIDIA by 3.5% during the 4th quarter. SHUTTLEWORTH & Co now owns 13,480 shares of the computer hardware maker’s stock valued at $2,514,000 after buying an additional 455 shares in the last quarter. South Plains Financial Inc. grew its position in NVIDIA by 5.0% in the fourth quarter. South Plains Financial Inc. now owns 29,555 shares of the computer hardware maker’s stock worth $5,512,000 after acquiring an additional 1,407 shares in the last quarter. Sargent Investment Group LLC grew its position in NVIDIA by 4.6% in the fourth quarter. Sargent Investment Group LLC now owns 80,914 shares of the computer hardware maker’s stock worth $15,090,000 after acquiring an additional 3,569 shares in the last quarter. STAR Financial Bank increased its stake in NVIDIA by 1.8% in the fourth quarter. STAR Financial Bank now owns 7,734 shares of the computer hardware maker’s stock valued at $1,442,000 after acquiring an additional 134 shares during the last quarter. Finally, MML Investors Services LLC raised its position in NVIDIA by 3.8% during the fourth quarter. MML Investors Services LLC now owns 3,816,512 shares of the computer hardware maker’s stock valued at $711,779,000 after purchasing an additional 138,334 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA said it plans to raise about $20 billion through its first U.S. investment-grade bond offering since 2021. Investors appear to view the move as a sign of confidence in future cash flows and a way to fund massive AI-chip and infrastructure investments without stressing the balance sheet. Reuters article
• Positive Sentiment: The bond-sale news also reinforced the view that demand for NVIDIA’s AI hardware remains extremely strong, since the company is tapping debt markets to help meet capital needs tied to its AI leadership. CNBC article
• Positive Sentiment: Shares also benefited from a broader semiconductor and tech rally, with chip stocks and AI names trading strongly after improved market sentiment and reports of easing geopolitical tensions. 247WallSt article

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Fundamental Research set a $218.00 price target on NVIDIA in a research note on Thursday, February 26th. Bank of America reiterated a “buy” rating and set a $350.00 price objective (up from $320.00) on shares of NVIDIA in a research report on Thursday, May 21st. BTIG Research initiated coverage on NVIDIA in a research report on Wednesday, April 15th. They issued a “buy” rating for the company. Itau BBA Securities restated a “market perform” rating on shares of NVIDIA in a research report on Thursday, February 26th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $315.00 target price (up from $265.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Three analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $305.67.

NVIDIA Trading Up 3.5%

NASDAQ NVDA opened at $212.45 on Tuesday. The firm has a market cap of $5.14 trillion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 0.46 and a beta of 2.22. NVIDIA Corporation has a 1-year low of $142.03 and a 1-year high of $236.54. The stock has a 50-day moving average of $207.54 and a 200-day moving average of $191.65. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business had revenue of $81.62 billion for the quarter, compared to analyst estimates of $78.42 billion. During the same period last year, the company earned $0.81 EPS. NVIDIA’s revenue for the quarter was up 85.2% compared to the same quarter last year. As a group, sell-side analysts forecast that NVIDIA Corporation will post 8.65 EPS for the current year.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be issued a $0.25 dividend. This is a positive change 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 is Thursday, June 4th. NVIDIA’s dividend payout ratio (DPR) is 15.31%.

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

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 300,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total transaction of $54,675,000.00. Following the completion of the sale, the executive vice president directly owned 3,018,547 shares in the company, valued at $550,130,190.75. This represents a 9.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Aarti S. Shah sold 19,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the sale, the director directly owned 36,007 shares of the company’s stock, valued at $6,362,796.97. The trade was a 34.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,619,457 shares of company stock valued at $332,073,643 over the last quarter. Company insiders own 3.94% of the company’s stock.

NVIDIA Company 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.