Vista Cima Wealth Management LLC Acquires 22,088 Shares of NVIDIA Corporation $NVDA

Vista Cima Wealth Management LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 135.6% during the fourth quarter, HoldingsChannel reports. The firm owned 38,376 shares of the computer hardware maker’s stock after acquiring an additional 22,088 shares during the quarter. NVIDIA accounts for 6.0% of Vista Cima Wealth Management LLC’s holdings, making the stock its 3rd largest position. Vista Cima Wealth Management LLC’s holdings in NVIDIA were worth $7,157,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Diversified Enterprises LLC lifted its stake in shares of NVIDIA by 44.2% in the 4th quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker’s stock valued at $23,798,000 after acquiring an additional 39,129 shares during the last quarter. PMG Family Office LLC bought a new position in shares of NVIDIA in the 3rd quarter valued at $2,150,000. ASR Vermogensbeheer N.V. lifted its stake in shares of NVIDIA by 1.8% in the 4th quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker’s stock valued at $591,086,000 after acquiring an additional 54,877 shares during the last quarter. Weaver Capital Management LLC lifted its stake in shares of NVIDIA by 5.5% in the 4th quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker’s stock valued at $15,893,000 after acquiring an additional 4,439 shares during the last quarter. Finally, Circle Wealth Management LLC lifted its stake in shares of NVIDIA by 16.1% in the 3rd quarter. Circle Wealth Management LLC now owns 107,787 shares of the computer hardware maker’s stock valued at $20,111,000 after acquiring an additional 14,936 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $200.42 on Thursday. The business has a 50-day moving average price of $205.64 and a two-hundred day moving average price of $191.06. NVIDIA Corporation has a 1-year low of $140.85 and a 1-year high of $236.54. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. The company has a market cap of $4.85 trillion, a P/E ratio of 30.69, a PEG ratio of 0.47 and a beta of 2.22.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company had revenue of $81.62 billion for the quarter, compared to analyst estimates of $78.42 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 85.2% compared to the same quarter last year. As a group, analysts anticipate that NVIDIA Corporation will post 8.61 EPS for the current year.

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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, June 4th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s dividend payout ratio (DPR) is currently 15.31%.

NVIDIA declared that its board has initiated a share buyback program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. Stifel Nicolaus set a $282.00 price target on NVIDIA and gave the company a “buy” rating in a research note on Thursday, May 21st. Wolfe Research reaffirmed an “outperform” rating and set a $275.00 target price on shares of NVIDIA in a research report on Thursday, May 21st. UBS Group raised their target price on NVIDIA from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Mizuho set a $300.00 target price on NVIDIA in a research report on Thursday, May 21st. Finally, Daiwa Securities Group raised their target price on NVIDIA from $215.00 to $255.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $305.67.

Read Our Latest Analysis on NVIDIA

Insider Activity

In other news, Director Stephen C. Neal sold 15,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the sale, the director owned 116,135 shares of the company’s stock, valued at $25,053,803.55. This trade represents a 11.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 500,000 shares of NVIDIA stock in a transaction 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 owned 6,399,771 shares of the company’s stock, valued at $1,406,861,658.93. This represents a 7.25% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,622,461 shares of company stock worth $332,629,083. Company insiders own 3.94% of the company’s stock.

NVIDIA 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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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