NVIDIA Corporation $NVDA Position Increased by MML Investors Services LLC

Key Points

• MML Investors Services LLC increased its NVIDIA holdings by 3.8% in the fourth quarter, adding 138,334 shares to bring its total to 3.82 million shares worth about $711.8 million. NVIDIA is now its third-largest position and makes up 1.7% of the firm’s portfolio.
• Wall Street sentiment remains very positive, with analysts including Goldman Sachs and President Capital raising price targets and the consensus rating staying at “Buy.” The average price target now stands at $305.67.
• NVIDIA continues to post strong operating results and shareholder returns, reporting $81.62 billion in quarterly revenue and $1.87 EPS, both above estimates, while also boosting its dividend and authorizing an $80 billion share buyback.

MML Investors Services LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,816,512 shares of the computer hardware maker's stock after acquiring an additional 138,334 shares during the period. NVIDIA makes up 1.7% of MML Investors Services LLC's investment portfolio, making the stock its 3rd largest position. MML Investors Services LLC's holdings in NVIDIA were worth $711,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Joule Financial LLC raised its holdings in shares of NVIDIA by 2.2% in the 3rd quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker's stock valued at $431,000 after acquiring an additional 50 shares in the last quarter. Presidio Capital Management LLC raised its holdings in shares of NVIDIA by 0.4% in the 4th quarter. Presidio Capital Management LLC now owns 15,137 shares of the computer hardware maker's stock valued at $2,823,000 after acquiring an additional 53 shares in the last quarter. LMG Wealth Partners LLC raised its holdings in shares of NVIDIA by 0.7% in the 4th quarter. LMG Wealth Partners LLC now owns 7,649 shares of the computer hardware maker's stock valued at $1,427,000 after acquiring an additional 53 shares in the last quarter. Vision Financial Markets LLC raised its holdings in shares of NVIDIA by 1.2% in the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker's stock valued at $866,000 after acquiring an additional 53 shares in the last quarter. Finally, IMG Wealth Management Inc. raised its holdings in shares of NVIDIA by 1.4% in the 3rd quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker's stock valued at $713,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Fundamental Research set a $218.00 price objective on NVIDIA in a research report on Thursday, February 26th. The Goldman Sachs Group reiterated a "buy" rating and set a $285.00 price objective (up from $250.00) on shares of NVIDIA in a research report on Wednesday, May 20th. Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a research report on Monday, June 8th. President Capital increased their price objective on NVIDIA from $280.00 to $295.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Finally, Itau BBA Securities reiterated a "market perform" rating on shares of NVIDIA in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of "Buy" and a consensus price target of $305.67.

Insider Buying and Selling at NVIDIA

In other news, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the sale, the director directly owned 116,135 shares in the company, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 42,650 shares of NVIDIA stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $7,459,058.50. Following the completion of the sale, the chief financial officer owned 881,387 shares in the company, valued at approximately $154,145,772.43. This represents a 4.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,619,457 shares of company stock worth $332,073,643 over the last quarter. Company insiders own 3.94% of the company's stock.

Key NVIDIA News

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

NVDA opened at $212.45 on Tuesday. The stock's 50 day simple moving average is $207.54 and its 200 day simple moving average is $191.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. NVIDIA Corporation has a 1 year low of $142.03 and a 1 year high of $236.54. The firm has a market cap of $5.14 trillion, a price-to-earnings ratio of 32.53, a PEG ratio of 0.46 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $81.62 billion for the quarter, compared to analyst estimates of $78.42 billion. During the same period last year, the company earned $0.81 EPS. NVIDIA's revenue for the quarter was up 85.2% compared to the same quarter last year. As a group, analysts predict that NVIDIA Corporation will post 8.65 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently declared 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 represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, June 4th. This is a positive change from NVIDIA's previous quarterly dividend of $0.01. NVIDIA's dividend payout ratio is 15.31%.

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

About NVIDIA

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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