NVIDIA Corporation $NVDA Stock Position Increased by Stableford Capital II LLC

Stableford Capital II LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 145.5% during the 4th quarter, Holdings Channel reports. The firm owned 40,927 shares of the computer hardware maker’s stock after buying an additional 24,258 shares during the period. NVIDIA comprises approximately 2.8% of Stableford Capital II LLC’s investment portfolio, making the stock its 8th biggest holding. Stableford Capital II LLC’s holdings in NVIDIA were worth $7,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of NVDA. PMG Family Office LLC purchased a new position in shares of NVIDIA during the third quarter valued at approximately $2,150,000. Svenska Handelsbanken AB publ purchased a new stake in NVIDIA in the 3rd quarter worth approximately $37,316,000. Oak Ridge Investments LLC grew its stake in NVIDIA by 2.2% in the 3rd quarter. Oak Ridge Investments LLC now owns 970,860 shares of the computer hardware maker’s stock worth $181,143,000 after acquiring an additional 20,559 shares during the period. Circle Wealth Management LLC raised its holdings in NVIDIA by 16.1% in the 3rd quarter. Circle Wealth Management LLC now owns 107,787 shares of the computer hardware maker’s stock valued at $20,111,000 after acquiring an additional 14,936 shares during the last quarter. Finally, Whalen Wealth Management Inc. lifted its stake in shares of NVIDIA by 20.3% during the 3rd quarter. Whalen Wealth Management Inc. now owns 36,490 shares of the computer hardware maker’s stock worth $6,808,000 after purchasing an additional 6,162 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

NVIDIA Price Performance

NVDA stock opened at $177.39 on Friday. The stock has a 50-day moving average price of $182.62 and a two-hundred day moving average price of $184.17. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. The company has a market cap of $4.31 trillion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 0.59 and a beta of 2.34.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.08. The company had revenue of $68.13 billion for the quarter, compared to the consensus estimate of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The company’s quarterly revenue was up 73.2% compared to the same quarter last year. During the same period last year, the business posted $0.89 EPS. As a group, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, March 11th. NVIDIA’s payout ratio is 0.82%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several analyst reports. Rothschild & Co Redburn raised their price objective on NVIDIA from $245.00 to $268.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Robert W. Baird increased their target price on NVIDIA from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Sanford C. Bernstein raised their price target on NVIDIA from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Raymond James Financial lifted their price target on NVIDIA from $291.00 to $323.00 and gave the company a “strong-buy” rating in a report on Thursday, March 19th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 price objective on shares of NVIDIA in a research note on Monday, March 23rd. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $275.25.

Get Our Latest Research Report on NVIDIA

Insider Activity

In other news, EVP Ajay K. Puri sold 300,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total value of $54,675,000.00. Following the completion of the sale, the executive vice president owned 3,018,547 shares in the company, valued at approximately $550,130,190.75. This trade represents a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 42,650 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $7,459,058.50. Following the transaction, the chief financial officer directly owned 881,387 shares in the company, valued at $154,145,772.43. This trade represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,401,616 shares of company stock valued at $253,555,407. Company insiders own 4.17% of the company’s stock.

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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