NVIDIA Corporation $NVDA Position Cut by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 654,648 shares of the computer hardware maker’s stock after selling 3,330 shares during the period. NVIDIA accounts for 7.6% of Mufg Securities Americas Inc.’s portfolio, making the stock its largest position. Mufg Securities Americas Inc.’s holdings in NVIDIA were worth $122,092,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Longfellow Investment Management Co. LLC grew its stake in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares during the last quarter. AlphaCentric Advisors LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $45,000. Spurstone Advisory Services LLC bought a new position in shares of NVIDIA during the second quarter valued at approximately $40,000. 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 valued at $49,000 after buying an additional 100 shares during the last quarter. Finally, Networth Advisors LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $51,000. Institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 625 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the sale, the director owned 14,163 shares in the company, valued at $3,030,882. This represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 20,000 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $3,497,800.00. Following the sale, the chief financial officer owned 83,060 shares of the company’s stock, valued at approximately $14,526,363.40. This represents a 19.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,619,457 shares of company stock valued at $332,073,643 over the last 90 days. Insiders own 3.94% 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

NVIDIA Stock Up 3.5%

Shares of NASDAQ:NVDA opened at $212.45 on Tuesday. NVIDIA Corporation has a 52-week low of $142.03 and a 52-week high of $236.54. The stock has a market cap of $5.14 trillion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 0.46 and a beta of 2.22. The business’s 50 day moving average is $207.54 and its 200 day moving average is $191.65. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates 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%.NVIDIA’s revenue was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 earnings per share. Sell-side analysts predict that NVIDIA Corporation will post 8.65 EPS for the current year.

NVIDIA announced that its Board of Directors has approved a stock repurchase plan on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.25 per share. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, June 4th. NVIDIA’s dividend payout ratio (DPR) is currently 15.31%.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of analyst reports. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research note on Tuesday, June 2nd. Melius Research set a $400.00 target price on NVIDIA in a research note on Thursday, May 21st. Fundamental Research set a $218.00 price objective on NVIDIA in a research note on Thursday, February 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $285.00 price objective (up from $250.00) on shares of NVIDIA in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. increased their price objective on NVIDIA from $265.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $305.67.

About NVIDIA

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.