Nicolet Advisory Services LLC Acquires 19,323 Shares of NVIDIA Corporation $NVDA

Key Points

• Nicolet Advisory Services LLC increased its NVIDIA stake by 19.7% in the fourth quarter, buying 19,323 additional shares and bringing its total to 117,178 shares worth about $21.7 million.
• NVIDIA continues to draw bullish sentiment from analysts, with a consensus rating of “Buy” and an average price target of $305.67, while recent quarterly earnings topped expectations on both revenue and EPS.
• The company is also signaling strong financial confidence by planning a $20 billion bond offering, raising its quarterly dividend from $0.01 to $0.25, and authorizing an $80 billion share repurchase program.

Nicolet Advisory Services LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 19.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,178 shares of the computer hardware maker's stock after acquiring an additional 19,323 shares during the quarter. NVIDIA accounts for 1.5% of Nicolet Advisory Services LLC's portfolio, making the stock its 15th largest holding. Nicolet Advisory Services LLC's holdings in NVIDIA were worth $21,671,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Longfellow Investment Management Co. LLC boosted its position in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA in the second quarter valued at approximately $40,000. AlphaCentric Advisors LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $45,000. Syntax Research Inc. boosted its position in shares of NVIDIA by 62.5% in the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock valued at $49,000 after acquiring an additional 100 shares during the period. Finally, Networth Advisors LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $51,000. 65.27% of the stock is owned by institutional investors.

NVIDIA News Summary

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Susquehanna reaffirmed a "positive" rating and issued a $275.00 target price (up from $250.00) on shares of NVIDIA in a research report on Tuesday, May 12th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $315.00 target price (up from $265.00) on shares of NVIDIA in a research report on Tuesday, May 12th. CICC Research raised their target price on NVIDIA from $240.60 to $268.30 and gave the stock an "outperform" rating in a research report on Friday, May 22nd. KeyCorp set a $310.00 target price on NVIDIA and gave the stock an "overweight" rating in a research report on Thursday, May 21st. Finally, BTIG Research assumed coverage on NVIDIA in a research report on Wednesday, April 15th. They issued a "buy" rating for the company. 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $305.67.

Insider Activity

In other news, EVP Ajay K. Puri sold 300,000 shares of the firm's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total value of $54,675,000.00. Following the completion of the sale, the executive vice president directly owned 3,018,547 shares in the company, valued at approximately $550,130,190.75. This trade represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen C. Neal sold 15,500 shares of the firm's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the sale, the director owned 116,135 shares of the company's stock, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,619,457 shares of company stock valued at $332,073,643. 3.94% of the stock is owned by company insiders.

NVIDIA Stock Performance

NVIDIA stock opened at $212.45 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The stock has a fifty day moving average price of $207.54 and a two-hundred day moving average price of $191.65. NVIDIA Corporation has a 52-week low of $142.03 and a 52-week high of $236.54. The firm has a market capitalization of $5.14 trillion, a P/E ratio of 32.53, a P/E/G ratio of 0.46 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $81.62 billion during the quarter, compared to analyst estimates of $78.42 billion. During the same period in the prior year, the company posted $0.81 earnings per share. The business'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 8.65 EPS for the current fiscal year.

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 paid 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 yield of 0.5%. The ex-dividend date is Thursday, June 4th. NVIDIA's dividend payout ratio is currently 15.31%.

NVIDIA declared that its board has initiated a stock repurchase plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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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