Boyer Financial Services Inc. Invests $810,000 in NVIDIA Corporation $NVDA

Key Points

• Boyer Financial Services Inc. initiated a new position in NVIDIA during the fourth quarter, buying 4,290 shares valued at about $810,000. NVIDIA now makes up roughly 0.9% of the firm’s portfolio.
• NVIDIA continues to attract major institutional interest, with hedge funds and other investors owning 65.27% of the company’s stock. Several large funds also increased their positions recently.
• Analysts remain broadly bullish on NVIDIA, with a consensus Buy rating and an average price target of $298.58, even as some firms trimmed or adjusted targets.

Boyer Financial Services Inc. bought a new position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,290 shares of the computer hardware maker's stock, valued at approximately $810,000. NVIDIA comprises about 0.9% of Boyer Financial Services Inc.'s investment portfolio, making the stock its 23rd biggest position.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in NVIDIA during the 2nd quarter valued at about $51,386,863,000. Capital Research Global Investors grew its holdings in shares of 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 buying an additional 22,896,705 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 21,725,326 shares in the last quarter. Danske Bank A S purchased a new position in NVIDIA in the 3rd quarter worth approximately $3,180,313,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in NVIDIA by 25.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 71,720,593 shares of the computer hardware maker's stock worth $13,381,628,000 after acquiring an additional 14,358,048 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. New Street Research cut their target price on NVIDIA from $307.00 to $275.00 and set a "buy" rating on the stock in a research note on Tuesday, March 31st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NVIDIA in a report on Friday, April 10th. Piper Sandler reaffirmed an "overweight" rating on shares of NVIDIA in a research report on Thursday, February 26th. Wall Street Zen downgraded NVIDIA from a "strong-buy" rating to a "buy" rating in a report on Sunday, April 26th. Finally, Truist Financial boosted their target price on NVIDIA from $287.00 to $307.00 and gave the stock a "buy" rating in a research report on Thursday. Four 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. According to MarketBeat, NVIDIA has a consensus rating of "Buy" and an average target price of $298.58.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 3,004 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 14,788 shares of the company's stock, valued at $2,734,301.20. This trade represents a 16.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Aarti S. Shah sold 19,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the sale, the director owned 36,007 shares in the company, valued at approximately $6,362,796.97. The trade was a 34.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 906,336 shares of company stock worth $162,802,518 in the last three months. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $219.51 on Friday. The stock has a market cap of $5.32 trillion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 0.69 and a beta of 2.25. NVIDIA Corporation has a 1 year low of $129.16 and a 1 year high of $236.54. The firm has a fifty day moving average price of $195.51 and a 200-day moving average price of $188.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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. NVIDIA had a net margin of 62.97% and a return on equity of 110.48%. The company had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. NVIDIA's quarterly revenue was up 85.2% compared to the same quarter last year. Equities analysts anticipate that NVIDIA Corporation will post 7.89 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

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

NVIDIA announced that its Board of Directors has initiated a share 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 purchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

NVIDIA News Summary

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 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.

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