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Cypress Wealth Services LLC Acquires 8,314 Shares of NVIDIA Corporation $NVDA

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Key Points

  • Cypress Wealth Services LLC increased its stake in NVIDIA by 19.7%, buying an additional 8,314 shares to hold 50,576 shares worth about $9.43 million, making NVDA 1.3% of its portfolio and its 15th largest position.
  • Significant insider selling has occurred recently: Director Mark A. Stevens sold 221,682 shares and CFO Colette Kress sold 42,650 shares, with insiders disposing of roughly 1.4 million shares (~$253.6M) over the past 90 days.
  • Analysts remain broadly positive—MarketBeat shows an average rating of "Buy" with an average price target of $275.25—and NVIDIA posted strong results (quarterly revenue up 73.2% YoY and an EPS beat), supporting continued institutional interest.
  • MarketBeat previews top five stocks to own in June.

Cypress Wealth Services LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,576 shares of the computer hardware maker's stock after acquiring an additional 8,314 shares during the period. NVIDIA makes up 1.3% of Cypress Wealth Services LLC's investment portfolio, making the stock its 15th largest position. Cypress Wealth Services LLC's holdings in NVIDIA were worth $9,432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. PMG Family Office LLC bought a new stake in NVIDIA during the third quarter worth about $2,150,000. Svenska Handelsbanken AB publ bought a new position in shares of NVIDIA during the 3rd quarter valued at about $37,316,000. Oak Ridge Investments LLC raised its holdings in shares of NVIDIA by 2.2% during the 3rd quarter. Oak Ridge Investments LLC now owns 970,860 shares of the computer hardware maker's stock valued at $181,143,000 after buying an additional 20,559 shares in the last quarter. Circle Wealth Management LLC raised its holdings in shares of NVIDIA by 16.1% during 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 buying an additional 14,936 shares in the last quarter. Finally, Whalen Wealth Management Inc. lifted its position in NVIDIA by 20.3% in the 3rd quarter. Whalen Wealth Management Inc. now owns 36,490 shares of the computer hardware maker's stock worth $6,808,000 after buying an additional 6,162 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 221,682 shares of the business's stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the transaction, the director owned 7,399,771 shares in the company, valued at $1,285,192,227.28. The trade was a 2.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 42,650 shares of the company's stock in a transaction that occurred on Friday, March 20th. The shares were 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. The trade was a 4.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,401,616 shares of company stock valued at $253,555,407 over the last ninety days. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James Financial upped their target price on NVIDIA from $291.00 to $323.00 and gave the stock a "strong-buy" rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. boosted their price objective on shares of NVIDIA from $250.00 to $265.00 and gave the stock an "overweight" rating in a report on Thursday, February 26th. Morgan Stanley set a $260.00 price objective on shares of NVIDIA in a research note on Monday, March 2nd. Mizuho set a $275.00 target price on shares of NVIDIA and gave the company an "outperform" rating in a report on Friday, January 9th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $325.00 target price on shares of NVIDIA in a research report on Monday, March 23rd. Four analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Buy" and an average price target of $275.25.

Read Our Latest Stock Report on NVDA

NVIDIA Stock Performance

NASDAQ:NVDA opened at $177.39 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The firm has a market cap of $4.31 trillion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 0.59 and a beta of 2.34. The business has a 50 day moving average price of $182.41 and a 200-day moving average price of $184.33.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, topping the consensus estimate of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The company had revenue of $68.13 billion for the quarter, compared to the consensus estimate of $65.56 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The firm's revenue for the quarter was up 73.2% on a year-over-year basis. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 0.82%.

About NVIDIA

(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

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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