NVIDIA Corporation $NVDA Holdings Lowered by MayTech Global Investments LLC

Key Points

• MayTech Global Investments reduced its NVIDIA stake by 6.0% in the fourth quarter, but NVDA remains its largest holding at 18% of the portfolio. The fund still owned 951,762 shares worth about $177.5 million at quarter-end.
• NVIDIA is planning a roughly $20 billion bond offering, its first U.S. investment-grade debt sale since 2021. Investors see it as a sign of confidence in future cash flow and a way to fund ongoing AI infrastructure and chip investments.
• Fundamentals and sentiment remain strong: NVIDIA beat quarterly earnings and revenue estimates, authorized an $80 billion share buyback, and raised its quarterly dividend to $0.25 per share. Analysts largely remain bullish, with a consensus rating of “Buy” and a target price around $305.67.

MayTech Global Investments LLC trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 951,762 shares of the computer hardware maker's stock after selling 60,801 shares during the period. NVIDIA comprises about 18.0% of MayTech Global Investments LLC's investment portfolio, making the stock its biggest position. MayTech Global Investments LLC's holdings in NVIDIA were worth $177,504,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NVDA. Brighton Jones LLC lifted its position in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after acquiring an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after acquiring an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE lifted its position in shares of NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after acquiring an additional 3,653 shares in the last quarter. Hudson Value Partners LLC lifted its position in shares of NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after acquiring an additional 11,900 shares in the last quarter. Finally, Wealth Group Ltd. lifted its position in shares of NVIDIA by 15.7% in the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock valued at $715,000 after acquiring an additional 896 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

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

NASDAQ:NVDA opened at $212.45 on Tuesday. 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 company 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 Corporation has a 12 month low of $142.03 and a 12 month high of $236.54. The business's 50-day moving average is $207.54 and its 200 day moving average is $191.65.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.11. The company had revenue of $81.62 billion for the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm's revenue for the quarter was up 85.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 earnings per share. On average, equities research analysts forecast that NVIDIA Corporation will post 8.65 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares buyback programs are typically 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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 4th. 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%. NVIDIA's payout ratio is presently 15.31%.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 20,000 shares of the business's stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $3,497,800.00. Following the sale, the chief financial officer directly owned 83,060 shares of the company's stock, valued at $14,526,363.40. The trade was a 19.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Dabiri sold 625 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total value of $133,750.00. Following the sale, the director directly owned 14,163 shares in the company, valued at $3,030,882. The trade was a 4.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,619,457 shares of company stock valued at $332,073,643 over the last ninety days. 3.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NVDA has been the topic of several research analyst reports. Jefferies Financial Group restated a "buy" rating and issued a $300.00 price objective (up from $275.00) on shares of NVIDIA in a research report on Thursday, May 21st. China Renaissance initiated coverage on NVIDIA in a research report on Friday, June 5th. They issued a "buy" rating and a $319.00 price objective on the stock. Citic Securities boosted their price objective on NVIDIA from $242.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, May 22nd. Melius Research set a $400.00 target price on NVIDIA in a research report on Thursday, May 21st. Finally, Zacks Research downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, NVIDIA has a consensus rating of "Buy" and a consensus target price of $305.67.

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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