Pekin Hardy Strauss Inc. Sells 3,372 Shares of NVIDIA Corporation $NVDA

Pekin Hardy Strauss Inc. decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 12.8% during the fourth quarter, Holdings Channel reports. The firm owned 23,019 shares of the computer hardware maker’s stock after selling 3,372 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in NVIDIA were worth $4,293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Norges Bank bought a new position in NVIDIA during the second quarter valued at approximately $51,386,863,000. Capital Research Global Investors lifted its position in NVIDIA by 16.1% during the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after purchasing an additional 22,896,705 shares during the period. Laurel Wealth Advisors LLC increased its holdings in NVIDIA by 15,496.1% during the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after buying an additional 21,725,326 shares during the last quarter. Danske Bank A S purchased a new stake in NVIDIA during the third quarter valued at approximately $3,180,313,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in NVIDIA by 25.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 71,720,593 shares of the computer hardware maker’s stock valued at $13,381,628,000 after buying an additional 14,358,048 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 42,650 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $174.89, for a total transaction of $7,459,058.50. Following the completion of the transaction, the chief financial officer directly owned 881,387 shares of the company’s stock, valued at approximately $154,145,772.43. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 3,004 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $184.90, for a total transaction of $555,439.60. Following the transaction, the director directly owned 14,788 shares of the company’s stock, valued at $2,734,301.20. The trade was a 16.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 906,336 shares of company stock valued at $162,802,518 in the last ninety days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $215.33 on Friday. The firm has a fifty day moving average price of $196.10 and a 200-day moving average price of $189.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 3.24. The stock has a market cap of $5.21 trillion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 0.68 and a beta of 2.25. NVIDIA Corporation has a 1 year low of $129.16 and a 1 year high of $236.54.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.11. The company had revenue of $81.62 billion during the quarter, compared to analysts’ expectations of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. NVIDIA’s quarterly revenue was up 85.2% on a year-over-year basis. During the same period last year, the company posted $0.81 earnings per share. Equities analysts anticipate that NVIDIA Corporation will post 7.88 earnings per share for the current fiscal year.

NVIDIA declared that its board has approved a stock buyback plan on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock buyback plans are usually a sign 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. Investors of record on Thursday, June 4th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change 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 is 0.82%.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA delivered a record quarter with massive revenue growth, strong guidance, and record data center sales. The Tech Download: What you might have missed in Nvidia’s earnings — a $200 billion opportunity and edge computing
• Positive Sentiment: The company raised its dividend sharply and approved an $80 billion buyback, signaling confidence in future cash generation. Nvidia Just Raised Its Dividend By 2,400% — and That Wasn’t Even the Biggest News From Its Earnings Report
• Positive Sentiment: Wall Street remains broadly bullish, with multiple analysts raising price targets after earnings. Nvidia stock continues to struggle after earnings, but analysts remain firmly bullish
• Neutral Sentiment: Despite the strong report, the market seems to be digesting the results rather than rewarding them, suggesting investors may think the bar was already very high. Nvidia Stock Misses Out on Friday’s Rally. Here’s How Much Traders See It Moving Next Week
• Negative Sentiment: Some investors remain worried about valuation, competition, and the possibility that AI spending growth could slow from current extreme levels. Why Nvidia Stock Is Barely Moving After Earnings Crushed Expectations

Analyst Upgrades and Downgrades

A number of brokerages have commented on NVDA. Craig Hallum upped their target price on shares of NVIDIA from $245.00 to $275.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler reaffirmed an “overweight” rating on shares of NVIDIA in a report on Thursday, February 26th. Bank of America reaffirmed a “buy” rating and set a $350.00 target price (up from $320.00) on shares of NVIDIA in a report on Thursday. Zacks Research raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Finally, Itau BBA Securities reissued a “market perform” rating on shares of NVIDIA in a research note on Thursday, February 26th. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $303.27.

About NVIDIA

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.