NVIDIA Corporation $NVDA Shares Sold by Caldwell Trust Co

Caldwell Trust Co lowered its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.2% in the fourth quarter, HoldingsChannel reports. The firm owned 323,722 shares of the computer hardware maker’s stock after selling 10,682 shares during the period. NVIDIA makes up 5.4% of Caldwell Trust Co’s portfolio, making the stock its 2nd largest position. Caldwell Trust Co’s holdings in NVIDIA were worth $60,374,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Joule Financial LLC raised its stake in NVIDIA by 2.2% in the 3rd quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker’s stock valued at $431,000 after acquiring an additional 50 shares during the period. Presidio Capital Management LLC boosted its position in NVIDIA by 0.4% during the fourth quarter. Presidio Capital Management LLC now owns 15,137 shares of the computer hardware maker’s stock worth $2,823,000 after purchasing an additional 53 shares during the period. Vision Financial Markets LLC increased its holdings in shares of NVIDIA by 1.2% in the third quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock valued at $866,000 after purchasing an additional 53 shares during the last quarter. IMG Wealth Management Inc. raised its position in shares of NVIDIA by 1.4% in the third quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker’s stock valued at $713,000 after purchasing an additional 54 shares during the period. Finally, Cyr Financial Inc. raised its position in shares of NVIDIA by 0.7% in the third quarter. Cyr Financial Inc. now owns 7,737 shares of the computer hardware maker’s stock valued at $1,444,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research analyst reports. BTIG Research began coverage on shares of NVIDIA in a report on Wednesday, April 15th. They set a “buy” rating for the company. TD Cowen reissued a “buy” rating and issued a $275.00 price target (up from $235.00) on shares of NVIDIA in a report on Friday, May 15th. JPMorgan Chase & Co. boosted their price objective on NVIDIA from $265.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday. Zacks Research raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NVIDIA in a research note on Friday, April 10th. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $298.58.

NVIDIA Trading Down 1.8%

Shares of NASDAQ:NVDA opened at $219.51 on Friday. The business’s 50 day simple moving average is $195.51 and its 200 day simple moving average is $188.87. NVIDIA Corporation has a 1 year low of $129.16 and a 1 year high of $236.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24. The company has a market capitalization of $5.32 trillion, a P/E ratio of 33.62, a P/E/G ratio of 0.69 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results 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 return on equity of 110.48% and a net margin of 62.97%.The company had revenue of $81.62 billion for the quarter, compared to analysts’ expectations of $78.42 billion. During the same quarter last year, the business earned $0.81 earnings per share. NVIDIA’s revenue was up 85.2% on a year-over-year basis. On average, research analysts anticipate that NVIDIA Corporation will post 7.89 EPS for the current fiscal year.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, June 4th. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s dividend payout ratio is presently 0.82%.

NVIDIA announced that its Board of Directors has initiated a stock 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 repurchase up to 1.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Record revenue, earnings and cash flow, plus a major beat in data center sales, reinforce NVIDIA’s AI leadership and suggest demand remains very strong.
• Positive Sentiment: The $80 billion buyback and much higher dividend signal management confidence and should support shareholder returns.
• Positive Sentiment: Multiple analysts raised price targets after the report, reflecting continued Wall Street optimism about NVDA’s long-term growth. Article Title
• Neutral Sentiment: Management’s new outlook excludes China data-center revenue, which leaves some uncertainty around a key growth market.
• Neutral Sentiment: The stock had already run up sharply into earnings, so the market may be using the report as a chance to take profits or wait for even more upside from next-generation Vera Rubin products.
• Negative Sentiment: Investor expectations were so high that even a blockbuster quarter failed to spark a rally, suggesting the stock may be priced for perfection and vulnerable to near-term volatility.

Insider Buying and Selling

In other NVIDIA news, Director Aarti S. Shah sold 19,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was 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 represents a 34.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 42,650 shares of NVIDIA stock in a transaction on Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $7,459,058.50. Following the completion of the transaction, the chief financial officer owned 881,387 shares in the company, valued at approximately $154,145,772.43. The trade was a 4.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 906,336 shares of company stock worth $162,802,518. 4.17% of the stock is owned by company insiders.

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.