NVIDIA Corporation $NVDA Holdings Lifted by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 6.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 152,799 shares of the computer hardware maker’s stock after purchasing an additional 8,592 shares during the quarter. NVIDIA comprises about 6.1% of 3Chopt Investment Partners LLC’s portfolio, making the stock its 2nd biggest position. 3Chopt Investment Partners LLC’s holdings in NVIDIA were worth $26,650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Lifetime Wealth Management P.C. acquired a new position in shares of NVIDIA in the 4th quarter valued at $26,000. Longview Financial Advisors Inc. purchased a new stake in NVIDIA in the 1st quarter valued at $27,000. Longfellow Investment Management Co. LLC boosted its stake 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 during the period. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA during the second quarter worth about $40,000. Finally, Inspire Investing LLC purchased a new position in shares of NVIDIA during the fourth quarter worth about $44,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $195.55 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. NVIDIA Corporation has a one year low of $157.34 and a one year high of $236.54. The firm has a market capitalization of $4.73 trillion, a P/E ratio of 29.95, a PEG ratio of 0.43 and a beta of 2.21. The company’s fifty day moving average is $210.22 and its two-hundred day moving average is $193.63.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS 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 firm had revenue of $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The firm’s revenue was up 85.2% on a year-over-year basis. Analysts forecast that NVIDIA Corporation will post 8.69 EPS for the current fiscal year.

NVIDIA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were issued 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 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 4th. NVIDIA’s payout ratio is presently 15.31%.

NVIDIA announced that its Board of Directors has approved a share repurchase 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 reacquire up to 1.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Analysts Set New Price Targets

Several research analysts have weighed in on NVDA shares. UBS Group lifted their target price on NVIDIA from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. HSBC restated a “buy” rating and set a $325.00 price target (up from $295.00) on shares of NVIDIA in a research note on Tuesday, May 19th. Needham & Company LLC reiterated a “buy” rating and issued a $270.00 price objective on shares of NVIDIA in a research report on Tuesday, June 2nd. Rothschild & Co Redburn boosted their price objective on shares of NVIDIA from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group restated a “buy” rating and set a $300.00 price objective (up from $275.00) on shares of NVIDIA in a research report 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. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $303.84.

View Our Latest Stock Report on NVDA

Insiders Place Their Bets

In related news, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. The trade was a 11.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 625 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,030,882. This trade represents a 4.23% decrease in their ownership of the stock. 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. Over the last ninety days, insiders have sold 1,901,125 shares of company stock worth $410,583,015. 3.94% of the stock is owned by corporate insiders.

NVIDIA Company 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.

Recommended Stories

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.