Ruggaard & Associates LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 66.7% in the 4th quarter, HoldingsChannel reports. The firm owned 5,018 shares of the computer hardware maker’s stock after selling 10,030 shares during the period. Ruggaard & Associates LLC’s holdings in NVIDIA were worth $936,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. McLaughlin Asset Management Inc. acquired a new position in NVIDIA during the fourth quarter worth approximately $5,928,000. Bauman Advisory Group LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $1,010,000. White Knight Strategic Wealth Advisors LLC boosted its stake in shares of NVIDIA by 1.1% during the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 49,868 shares of the computer hardware maker’s stock worth $9,300,000 after acquiring an additional 542 shares during the period. Kinloch Capital LLC increased its holdings in shares of NVIDIA by 5.6% during the 4th quarter. Kinloch Capital LLC now owns 1,141 shares of the computer hardware maker’s stock worth $213,000 after acquiring an additional 60 shares during the last quarter. Finally, Waterford Advisors LLC increased its holdings in shares of NVIDIA by 3.2% during the 4th quarter. Waterford Advisors LLC now owns 6,202 shares of the computer hardware maker’s stock worth $1,157,000 after acquiring an additional 190 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.
Insider Activity at NVIDIA
In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the transaction, the director owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 625 shares of the stock in a transaction dated 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 transaction, the director directly owned 14,163 shares of the company’s stock, valued at $3,030,882. This trade represents a 4.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,016,125 shares of company stock valued at $224,582,565 over the last ninety days. 3.94% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on NVIDIA
NVIDIA Stock Performance
Shares of NASDAQ:NVDA opened at $210.69 on Friday. NVIDIA Corporation has a 1 year low of $142.03 and a 1 year high of $236.54. The stock has a market capitalization of $5.10 trillion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 0.47 and a beta of 2.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The company’s 50 day simple moving average is $209.90 and its 200 day simple moving average is $192.38.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm had revenue of $81.61 billion during the quarter, compared to analysts’ expectations of $78.42 billion. During the same period in the prior year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 85.2% on a year-over-year basis. As a group, research analysts predict that NVIDIA Corporation will post 8.65 EPS for the current fiscal year.
NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
NVIDIA Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s dividend payout ratio is currently 15.31%.
Key Headlines Impacting NVIDIA
Here are the key news stories impacting NVIDIA this week:
- Positive Sentiment: Jensen Huang’s latest comments were interpreted as a sign that demand for NVIDIA’s AI hardware remains strong, reinforcing the view that the company still has room to grow from the AI buildout. 13 Words From Jensen Huang That Spell Good News for Nvidia Shareholders
- Positive Sentiment: Multiple reports highlighted NVIDIA’s expanding AI ecosystem, including XR AI/public beta, physical AI, and new partnerships, which supports the case that NVIDIA is moving beyond data centers into additional growth markets. How NVIDIA (NVDA) Is Extending Its AI Infrastructure Reach Into XR and Physical AI
- Positive Sentiment: NVIDIA was said to have taken the No. 1 spot in data-center Ethernet switching by revenue in Q1, underscoring that its networking business is becoming a more meaningful part of the AI stack. Nvidia takes No. 1 spot in data center ethernet switching by revenue in Q1: IDC
- Positive Sentiment: Analysts and market commentary continued to point to NVIDIA as a leading AI beneficiary versus weaker chip names, with several pieces framing it as a core alternative in the ongoing semiconductor rally. Analyst Warns Intel Valuation ‘Doesn’t Make Sense.’ Suggests NVIDIA, AMD, Micron, and Broadcom as Alternatives.
- Neutral Sentiment: Several articles noted that AI spending is broadening to suppliers, cloud providers, and custom-chip rivals, suggesting NVIDIA’s dominance is being challenged but not yet displaced. Google Is Using Nvidia’s Playbook to Build a Rival AI Chip Business
- Negative Sentiment: There were also warning signs for investors, including commentary that NVIDIA has slipped since its last earnings report and concerns that heavy AI infrastructure spending, debt financing, and competition from Amazon and Google could pressure long-term margins or growth rates. Nvidia (NVDA) Down 4% Since Last Earnings Report: Can It Rebound?
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.
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