Samalin Investment Counsel LLC Reduces Position in NVIDIA Corporation $NVDA

Samalin Investment Counsel LLC decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 36.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,552 shares of the computer hardware maker’s stock after selling 11,158 shares during the quarter. NVIDIA accounts for 1.3% of Samalin Investment Counsel LLC’s portfolio, making the stock its 12th largest position. Samalin Investment Counsel LLC’s holdings in NVIDIA were worth $3,646,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NVDA. Longfellow Investment Management Co. LLC increased its position in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA during the second quarter worth $40,000. Sellwood Investment Partners LLC purchased a new position in NVIDIA during the third quarter worth $50,000. Networth Advisors LLC purchased a new position in NVIDIA during the fourth quarter worth $51,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new position in NVIDIA during the second quarter worth $54,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $219.51 on Friday. NVIDIA Corporation has a twelve month low of $129.16 and a twelve month high of $236.54. The stock has a market capitalization of $5.32 trillion, a P/E ratio of 33.62, a PEG ratio of 0.69 and a beta of 2.25. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average price is $195.51 and its 200 day moving average price is $188.87.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating 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 firm had revenue of $81.62 billion for the quarter, compared to analysts’ expectations of $78.42 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The firm’s revenue for the quarter was up 85.2% compared to the same quarter last year. As a group, research analysts anticipate that NVIDIA Corporation will post 7.89 earnings per share for the current year.

NVIDIA declared that its board has approved a stock repurchase plan on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

NVIDIA Increases Dividend

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

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 300,000 shares of NVIDIA stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total value of $54,675,000.00. Following the transaction, the executive vice president owned 3,018,547 shares in the company, valued at approximately $550,130,190.75. This trade represents a 9.04% 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 Aarti S. Shah sold 19,000 shares of NVIDIA stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $176.71, for a total value of $3,357,490.00. Following the completion of the transaction, the director owned 36,007 shares in the company, valued at $6,362,796.97. The trade was a 34.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 906,336 shares of company stock valued at $162,802,518 in the last ninety days. Company insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NVDA. Raymond James Financial restated a “strong-buy” rating and set a $330.00 price objective on shares of NVIDIA in a report on Thursday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $255.00 price objective (up from $220.00) on shares of NVIDIA in a report on Thursday. BNP Paribas Exane raised their price objective on NVIDIA from $270.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank Of Canada set a $280.00 price objective on NVIDIA in a report on Thursday. Finally, DA Davidson raised their price objective on NVIDIA from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $298.58.

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.