14,922 Shares in NVIDIA Corporation $NVDA Bought by Lighthouse Financial Services Inc. ADV

Lighthouse Financial Services Inc. ADV acquired a new position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 14,922 shares of the computer hardware maker’s stock, valued at approximately $2,783,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Joule Financial LLC raised its holdings in shares of NVIDIA by 2.2% during the third quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker’s stock worth $431,000 after acquiring an additional 50 shares in the last quarter. Presidio Capital Management LLC raised its holdings in shares of 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 acquiring an additional 53 shares in the last quarter. LMG Wealth Partners LLC raised its holdings in shares of NVIDIA by 0.7% during the fourth quarter. LMG Wealth Partners LLC now owns 7,649 shares of the computer hardware maker’s stock worth $1,427,000 after acquiring an additional 53 shares in the last quarter. Vision Financial Markets LLC raised its holdings in shares of NVIDIA by 1.2% during the third quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock worth $866,000 after acquiring an additional 53 shares in the last quarter. Finally, IMG Wealth Management Inc. raised its holdings in shares of NVIDIA by 1.4% during the third quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker’s stock worth $713,000 after acquiring an additional 54 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Aarti S. Shah sold 19,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $176.71, for a total value of $3,357,490.00. Following the sale, the director directly owned 36,007 shares of the company’s stock, valued at approximately $6,362,796.97. This trade represents a 34.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $3,497,800.00. Following the completion of the sale, the chief financial officer directly owned 83,060 shares in the company, valued at approximately $14,526,363.40. This represents a 19.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 906,961 shares of company stock valued at $162,936,268 in the last quarter. Insiders own 3.94% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVDA. Daiwa Securities Group increased their price objective on NVIDIA from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Royal Bank Of Canada set a $280.00 target price on NVIDIA in a report on Thursday, May 21st. BTIG Research assumed coverage on NVIDIA in a report on Wednesday, April 15th. They set a “buy” rating on the stock. Bank of America restated a “buy” rating and set a $350.00 target price (up from $320.00) on shares of NVIDIA in a report on Thursday, May 21st. Finally, President Capital raised their target price on NVIDIA from $280.00 to $295.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $305.38.

View Our Latest Research Report on NVDA

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $211.14 on Monday. The company has a market cap of $5.11 trillion, a P/E ratio of 32.33, a P/E/G ratio of 0.51 and a beta of 2.22. The stock’s 50-day moving average is $199.28 and its 200-day moving average is $189.63. NVIDIA Corporation has a 52-week low of $132.92 and a 52-week high of $236.54. 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 (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.11. The company had revenue of $81.62 billion for the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm’s revenue was up 85.2% compared to the same quarter last year. During the same period last year, the business posted $0.81 earnings per share. Equities research analysts predict that NVIDIA Corporation will post 8.04 earnings per share for the current year.

NVIDIA announced that its board has authorized a share repurchase program on Wednesday, May 20th that permits the company to buyback $80.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Increases Dividend

The firm also recently declared 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 is an increase from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 4th. NVIDIA’s dividend payout ratio (DPR) is 0.61%.

About NVIDIA

(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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