NVIDIA Corporation $NVDA Shares Sold by Next Century Growth Investors LLC

Next Century Growth Investors LLC lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 124,203 shares of the computer hardware maker’s stock after selling 3,574 shares during the quarter. NVIDIA comprises about 1.6% of Next Century Growth Investors LLC’s investment portfolio, making the stock its 14th biggest position. Next Century Growth Investors LLC’s holdings in NVIDIA were worth $23,164,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC boosted its holdings in shares of 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 purchasing an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA during the second quarter worth $40,000. AlphaCentric Advisors LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth $45,000. Syntax Research Inc. boosted its holdings in shares of NVIDIA by 62.5% during the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker’s stock worth $49,000 after purchasing an additional 100 shares during the last quarter. Finally, Networth Advisors LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth $51,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA said it plans to raise about $20 billion through its first U.S. investment-grade bond offering since 2021. Investors appear to view the move as a sign of confidence in future cash flows and a way to fund massive AI-chip and infrastructure investments without stressing the balance sheet. Reuters article
• Positive Sentiment: The bond-sale news also reinforced the view that demand for NVIDIA’s AI hardware remains extremely strong, since the company is tapping debt markets to help meet capital needs tied to its AI leadership. CNBC article
• Positive Sentiment: Shares also benefited from a broader semiconductor and tech rally, with chip stocks and AI names trading strongly after improved market sentiment and reports of easing geopolitical tensions. 247WallSt article

NVIDIA Price Performance

Shares of NVIDIA stock opened at $212.45 on Tuesday. NVIDIA Corporation has a twelve month low of $142.03 and a twelve month high of $236.54. The stock has a market capitalization of $5.14 trillion, a P/E ratio of 32.53, a PEG ratio of 0.46 and a beta of 2.22. 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 business’s fifty day moving average price is $207.54 and its 200 day moving average price is $191.65.

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 96.94% 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 8.65 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 business also recently disclosed 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 of this dividend is Thursday, June 4th. NVIDIA’s dividend payout ratio is 15.31%.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 42,650 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $7,459,058.50. Following the transaction, the chief financial officer directly owned 881,387 shares of the company’s stock, valued at $154,145,772.43. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 300,000 shares of the firm’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 completion of the transaction, the executive vice president directly owned 3,018,547 shares in the company, valued at $550,130,190.75. This trade represents a 9.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,619,457 shares of company stock valued at $332,073,643 over the last ninety days. Insiders own 3.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NVDA shares. Oppenheimer restated an “outperform” rating and set a $265.00 price objective on shares of NVIDIA in a report on Thursday, February 26th. JPMorgan Chase & Co. raised their price objective on NVIDIA from $265.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Citic Securities raised their price objective on NVIDIA from $242.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Piper Sandler restated an “overweight” rating on shares of NVIDIA in a report on Thursday, February 26th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 target price on shares of NVIDIA in a report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, NVIDIA presently has an average rating of “Buy” and an average price target of $305.67.

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.