Certuity LLC Acquires 11,144 Shares of NVIDIA Corporation $NVDA

Key Points

• Certuity LLC increased its NVIDIA stake by 1.2% in the fourth quarter, buying 11,144 additional shares and bringing its total holdings to 951,652 shares worth about $177.5 million.
• NVIDIA’s latest quarter was strong, with EPS of $1.87 and revenue of $81.62 billion, both ahead of expectations, while revenue jumped 85.2% year over year.
• The company also authorized an $80 billion share buyback and increased its quarterly dividend to $0.25 per share, but the stock still fell 1.8% amid high investor expectations and some uncertainty around China-related revenue.

Certuity LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 951,652 shares of the computer hardware maker's stock after purchasing an additional 11,144 shares during the quarter. NVIDIA comprises about 8.0% of Certuity LLC's holdings, making the stock its 3rd biggest position. Certuity LLC's holdings in NVIDIA were worth $177,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of NVDA. Norges Bank acquired a new stake in NVIDIA in the second quarter worth $51,386,863,000. Capital Research Global Investors grew its holdings in NVIDIA by 16.1% in the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock worth $30,855,564,000 after purchasing an additional 22,896,705 shares during the period. Laurel Wealth Advisors LLC grew its holdings in NVIDIA by 15,496.1% in the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker's stock worth $3,454,534,000 after purchasing an additional 21,725,326 shares during the period. Danske Bank A S acquired a new stake in NVIDIA in the third quarter worth $3,180,313,000. Finally, Massachusetts Financial Services Co. MA raised its stake in NVIDIA by 25.0% during 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 buying an additional 14,358,048 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Aarti S. Shah sold 19,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $176.71, for a total value of $3,357,490.00. Following the completion of the sale, the director owned 36,007 shares in the company, valued at $6,362,796.97. This represents a 34.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 20,000 shares of the stock in a transaction dated Friday, March 20th. The shares were 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 of the company's stock, valued at approximately $14,526,363.40. This represents a 19.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 906,336 shares of company stock valued at $162,802,518 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

More NVIDIA News

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.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NVDA. Argus upped their price target on NVIDIA from $220.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday. Wedbush upped their price target on NVIDIA from $300.00 to $330.00 and gave the stock an "outperform" rating in a research note on Thursday. Piper Sandler reaffirmed an "overweight" rating on shares of NVIDIA in a research note on Thursday, February 26th. BNP Paribas Exane lifted their price target on shares of NVIDIA from $270.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $300.00 price target (up from $275.00) on shares of NVIDIA 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 stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $298.58.

NVIDIA Stock Down 1.8%

Shares of NASDAQ:NVDA opened at $219.51 on Friday. The stock has a market cap of $5.32 trillion, a price-to-earnings ratio of 33.62, a PEG ratio of 0.69 and a beta of 2.25. 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 Corporation has a 12-month low of $129.16 and a 12-month high of $236.54. The business's 50 day moving average is $195.51 and its 200 day moving average is $188.87.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.11. The company had revenue of $81.62 billion for the quarter, compared to analysts' expectations of $78.42 billion. NVIDIA had a return on equity of 110.48% and a net margin of 62.97%.NVIDIA's quarterly revenue was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 earnings per share. On average, sell-side analysts forecast that NVIDIA Corporation will post 7.89 earnings per share for the current fiscal year.

NVIDIA declared that its Board of Directors has authorized a share 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 reacquire up to 1.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be issued a $0.25 dividend. 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 is currently 0.82%.

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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