NVIDIA Corporation $NVDA Shares Sold by FengHe Fund Management Pte. Ltd.

FengHe Fund Management Pte. Ltd. lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 87.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,100 shares of the computer hardware maker’s stock after selling 195,400 shares during the quarter. FengHe Fund Management Pte. Ltd.’s holdings in NVIDIA were worth $5,054,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Opus Capital Group LLC boosted its holdings in NVIDIA by 15.3% in the fourth quarter. Opus Capital Group LLC now owns 9,224 shares of the computer hardware maker’s stock worth $1,720,000 after purchasing an additional 1,225 shares during the period. United Community Bank boosted its holdings in shares of NVIDIA by 6.6% during the fourth quarter. United Community Bank now owns 21,970 shares of the computer hardware maker’s stock valued at $4,097,000 after acquiring an additional 1,352 shares during the period. Boyer Financial Services Inc. acquired a new position in shares of NVIDIA during the fourth quarter valued at $810,000. KTF Investments LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at $34,489,000. Finally, Urban Wealth Management LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at $6,359,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $219.51 on Friday. The company 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 50-day simple moving average of $195.51 and a 200 day simple moving average of $188.87. NVIDIA Corporation has a fifty-two week low of $129.16 and a fifty-two week high of $236.54. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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 business 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 110.48%. The company’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 earnings per share. Sell-side analysts predict that NVIDIA Corporation will post 7.89 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has approved a stock repurchase program on Wednesday, May 20th that allows the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.5%. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, June 4th. NVIDIA’s dividend payout ratio (DPR) is presently 0.82%.

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.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 300,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total value of $54,675,000.00. Following the sale, the executive vice president directly owned 3,018,547 shares in the company, valued at approximately $550,130,190.75. The trade was 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 this hyperlink. Also, CFO Colette Kress sold 20,000 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $3,497,800.00. Following the completion of the sale, the chief financial officer owned 83,060 shares in the company, valued at approximately $14,526,363.40. This trade represents a 19.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 906,336 shares of company stock valued at $162,802,518 in the last quarter. 4.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $285.00 price target (up from $250.00) on shares of NVIDIA in a report on Wednesday. Zacks Research raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Melius Research set a $400.00 price target on shares of NVIDIA in a report on Thursday. Fundamental Research set a $218.00 price target on shares of NVIDIA in a report on Thursday, February 26th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of NVIDIA in a report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $298.58.

NVIDIA 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.