Anchor Investment Management LLC Has $16.15 Million Holdings in NVIDIA Corporation $NVDA

Anchor Investment Management LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 86,592 shares of the computer hardware maker’s stock after purchasing an additional 4,267 shares during the period. NVIDIA makes up about 1.3% of Anchor Investment Management LLC’s holdings, making the stock its 17th biggest holding. Anchor Investment Management LLC’s holdings in NVIDIA were worth $16,149,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC increased its position in NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares in the last quarter. Inspire Investing LLC acquired a new stake in NVIDIA in the fourth quarter valued at approximately $44,000. AlphaCentric Advisors LLC acquired a new stake in NVIDIA in the fourth quarter valued at approximately $45,000. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA during the second quarter worth $40,000. Finally, Syntax Research Inc. grew its stake in shares of NVIDIA by 62.5% during the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker’s stock worth $49,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $210.69 on Friday. The business’s 50-day moving average price is $209.90 and its two-hundred day moving average price is $192.38. NVIDIA Corporation has a 12 month low of $142.03 and a 12 month high of $236.54. The firm has a market capitalization of $5.10 trillion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 0.47 and a beta of 2.22. 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:NVDAGet Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating 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 company had revenue of $81.61 billion during the quarter, compared to analysts’ expectations of $78.42 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The business’s quarterly revenue was up 85.2% on a year-over-year basis. On average, analysts expect 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. Shareholders 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 represents a $1.00 dividend on an annualized basis and a yield of 0.5%. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s payout ratio is currently 15.31%.

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

Analyst Ratings Changes

A number of research analysts have recently commented on NVDA shares. Robert W. Baird set a $500.00 price target on NVIDIA and gave the company an “outperform” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. TD Cowen reaffirmed a “buy” rating and issued a $275.00 target price (up from $235.00) on shares of NVIDIA in a report on Friday, May 15th. Stifel Nicolaus set a $282.00 target price on NVIDIA and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, KeyCorp set a $310.00 price target on NVIDIA and gave the company an “overweight” rating in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Buy” and a consensus price target of $305.67.

View Our Latest Stock Report on NVDA

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

Insiders Place Their Bets

In other news, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the transaction, the director owned 116,135 shares in the company, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $219.83, for a total transaction of $109,915,000.00. Following the completion of the transaction, the director owned 6,399,771 shares in the company, valued at $1,406,861,658.93. This trade represents a 7.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,016,125 shares of company stock worth $224,582,565. 3.94% of the stock is currently owned by insiders.

NVIDIA Profile

(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

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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