NVIDIA Corporation $NVDA Shares Purchased by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 166.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,033 shares of the computer hardware maker’s stock after purchasing an additional 5,022 shares during the period. NVIDIA makes up 0.4% of McElhenny Sheffield Capital Management LLC’s portfolio, making the stock its 18th largest holding. McElhenny Sheffield Capital Management LLC’s holdings in NVIDIA were worth $1,499,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NVDA. Harbor Asset Planning Inc. purchased a new position in NVIDIA in the second quarter worth $28,000. Winnow Wealth LLC acquired a new position in shares of NVIDIA during the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC increased its holdings in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA in the second quarter valued at about $40,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new stake in shares of NVIDIA in the second quarter valued at about $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $178.11, for a total value of $5,432,355.00. Following the completion of the sale, the chief financial officer owned 1,286,826 shares in the company, valued at $229,196,578.86. The trade was a 2.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 222,500 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $180.17, for a total transaction of $40,087,825.00. Following the transaction, the director directly owned 7,621,453 shares of the company’s stock, valued at approximately $1,373,157,187.01. This represents a 2.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,836,474 shares of company stock valued at $335,473,492. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $184.94 on Tuesday. The company has a 50-day simple moving average of $184.78 and a 200-day simple moving average of $180.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. The company has a market cap of $4.49 trillion, a PE ratio of 45.89, a price-to-earnings-growth ratio of 0.90 and a beta of 2.31. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The firm had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. NVIDIA’s revenue was up 62.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 earnings per share. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Thursday, December 4th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is currently 0.99%.

Trending Headlines about NVIDIA

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Analyst Ratings Changes

A number of research analysts have issued reports on the stock. DA Davidson reaffirmed a “buy” rating and issued a $250.00 target price on shares of NVIDIA in a report on Thursday, November 20th. Macquarie raised NVIDIA to an “outperform” rating in a research note on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on NVIDIA from $215.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. HSBC set a $320.00 target price on NVIDIA and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Citic Securities raised their price target on NVIDIA from $237.00 to $242.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $262.84.

View Our Latest Research Report on NVDA

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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