12,158 Shares in NVIDIA Corporation $NVDA Bought by Cannon Capital Management Inc.

Cannon Capital Management Inc. bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 12,158 shares of the computer hardware maker’s stock, valued at approximately $2,267,000. NVIDIA accounts for about 2.0% of Cannon Capital Management Inc.’s portfolio, making the stock its 14th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diversified Enterprises LLC grew its position in shares of NVIDIA by 44.2% in the fourth quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker’s stock valued at $23,798,000 after purchasing an additional 39,129 shares during the period. PMG Family Office LLC acquired a new stake in shares of NVIDIA in the third quarter valued at about $2,150,000. Oak Ridge Investments LLC grew its position in shares of NVIDIA by 2.2% in the third quarter. Oak Ridge Investments LLC now owns 970,860 shares of the computer hardware maker’s stock valued at $181,143,000 after purchasing an additional 20,559 shares during the period. Weaver Capital Management LLC grew its position in shares of NVIDIA by 5.5% in the fourth quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker’s stock valued at $15,893,000 after purchasing an additional 4,439 shares during the period. Finally, Circle Wealth Management LLC grew its position in shares of NVIDIA by 16.1% in the third quarter. Circle Wealth Management LLC now owns 107,787 shares of the computer hardware maker’s stock valued at $20,111,000 after purchasing an additional 14,936 shares during the period. Hedge funds and other 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 delivered a record quarter with massive revenue growth, strong guidance, and record data center sales. The Tech Download: What you might have missed in Nvidia’s earnings — a $200 billion opportunity and edge computing
• Positive Sentiment: The company raised its dividend sharply and approved an $80 billion buyback, signaling confidence in future cash generation. Nvidia Just Raised Its Dividend By 2,400% — and That Wasn’t Even the Biggest News From Its Earnings Report
• Positive Sentiment: Wall Street remains broadly bullish, with multiple analysts raising price targets after earnings. Nvidia stock continues to struggle after earnings, but analysts remain firmly bullish
• Neutral Sentiment: Despite the strong report, the market seems to be digesting the results rather than rewarding them, suggesting investors may think the bar was already very high. Nvidia Stock Misses Out on Friday’s Rally. Here’s How Much Traders See It Moving Next Week
• Negative Sentiment: Some investors remain worried about valuation, competition, and the possibility that AI spending growth could slow from current extreme levels. Why Nvidia Stock Is Barely Moving After Earnings Crushed Expectations

Analysts Set New Price Targets

Several brokerages have recently issued reports on NVDA. Daiwa Securities Group lifted their target price on shares of NVIDIA from $215.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday. Wells Fargo & Company restated an “overweight” rating and set a $315.00 price target (up from $265.00) on shares of NVIDIA in a research report on Tuesday, May 12th. CICC Research boosted their price target on shares of NVIDIA from $240.60 to $268.30 and gave the stock an “outperform” rating in a research report on Friday. Evercore restated an “outperform” rating and set a $413.00 price target (up from $352.00) on shares of NVIDIA in a research report on Thursday. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price target on shares of NVIDIA in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $303.27.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 221,682 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $173.68, for a total value of $38,501,729.76. Following the sale, the director directly owned 7,399,771 shares of the company’s stock, valued at approximately $1,285,192,227.28. The trade was a 2.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Aarti S. Shah sold 19,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 36,007 shares in the company, valued at $6,362,796.97. This trade represents a 34.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 906,336 shares of company stock worth $162,802,518. Insiders own 4.17% of the company’s stock.

NVIDIA Trading Down 1.9%

Shares of NVIDIA stock opened at $215.33 on Friday. The firm has a market capitalization of $5.21 trillion, a price-to-earnings ratio of 32.98, a PEG ratio of 0.67 and a beta of 2.25. NVIDIA Corporation has a fifty-two week low of $129.16 and a fifty-two week high of $236.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.24 and a current ratio of 3.44. The stock has a 50 day moving average of $196.10 and a 200 day moving average of $189.06.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.11. The company had revenue of $81.62 billion during the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 earnings per share. As a group, research analysts predict that NVIDIA Corporation will post 7.98 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be paid a $0.25 dividend. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA’s payout ratio is presently 15.31%.

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

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.