Savant Capital LLC Sells 224,584 Shares of NVIDIA Corporation $NVDA

Savant Capital LLC trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 33.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 442,546 shares of the computer hardware maker’s stock after selling 224,584 shares during the period. Savant Capital LLC’s holdings in NVIDIA were worth $82,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in NVDA. Longfellow Investment Management Co. LLC lifted its stake in shares of NVIDIA by 47.9% in 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 in the last quarter. Spurstone Advisory Services LLC bought a new position in shares of NVIDIA in the second quarter valued at $40,000. Syntax Research Inc. lifted its stake in shares of NVIDIA by 62.5% in 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 in the last quarter. Sellwood Investment Partners LLC bought a new position in shares of NVIDIA in the third quarter valued at $50,000. Finally, Networth Advisors LLC bought a new position in shares of NVIDIA in the fourth quarter valued at $51,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

NVDA opened at $208.19 on Wednesday. The company has a market capitalization of $5.04 trillion, a price-to-earnings ratio of 31.88, a PEG ratio of 0.47 and a beta of 2.22. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $204.93 and a 200-day moving average price of $190.93. NVIDIA Corporation has a twelve month low of $140.85 and a twelve month high of $236.54.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted 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. The firm had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company’s revenue was up 85.2% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. Equities analysts expect that NVIDIA Corporation will post 8.61 EPS for the current year.

NVIDIA declared that its Board of Directors has approved a stock repurchase program on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are 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 given a dividend of $0.25 per share. The ex-dividend date is Thursday, June 4th. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA’s dividend payout ratio (DPR) is presently 15.31%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 500,000 shares of NVIDIA stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $219.83, for a total transaction of $109,915,000.00. Following the completion of the sale, the director directly owned 6,399,771 shares in the company, valued at $1,406,861,658.93. The trade was a 7.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 20,000 shares of NVIDIA stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $174.89, for a total transaction 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. The trade was a 19.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,622,461 shares of company stock valued at $332,629,083 over the last quarter. Company insiders own 3.94% of the company’s stock.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price target on shares of NVIDIA in a research report on Thursday, May 21st. Benchmark reissued a “buy” rating and set a $335.00 price target (up from $250.00) on shares of NVIDIA in a research report on Thursday, May 21st. UBS Group raised their price target on shares of NVIDIA from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Wells Fargo & Company reissued an “overweight” rating and set a $315.00 price target (up from $265.00) on shares of NVIDIA in a research report on Tuesday, May 12th. Finally, Tigress Financial reissued a “strong-buy” rating and set a $425.00 price target (up from $360.00) on shares of NVIDIA in a research report on Wednesday, May 27th. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and an average target price of $305.67.

Check Out Our Latest Analysis on NVDA

NVIDIA Company 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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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