Strategic Blueprint LLC Decreases Stake in NVIDIA Corporation $NVDA

Key Points

• Strategic Blueprint LLC cut its NVIDIA stake by 4.1% in the fourth quarter, selling 10,798 shares and ending with 251,420 shares valued at about $46.9 million.
• NVIDIA reported a strong quarter, with EPS of $1.87 and revenue of $81.62 billion, both above analyst expectations and up sharply from a year earlier.
• The company’s board approved an $80 billion share buyback and raised its quarterly dividend to $0.25 per share, while analysts continued to issue upbeat price targets.

Strategic Blueprint LLC lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 251,420 shares of the computer hardware maker's stock after selling 10,798 shares during the period. NVIDIA makes up about 2.8% of Strategic Blueprint LLC's holdings, making the stock its 2nd biggest position. Strategic Blueprint LLC's holdings in NVIDIA were worth $46,890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Longfellow Investment Management Co. LLC grew its stake in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after buying an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA in the 2nd quarter worth approximately $40,000. Sellwood Investment Partners LLC purchased a new position in NVIDIA in the 3rd quarter worth approximately $50,000. Networth Advisors LLC purchased a new position in NVIDIA in the 4th quarter worth approximately $51,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new position in NVIDIA in the 2nd quarter worth approximately $54,000. Institutional investors own 65.27% of the company's stock.

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.

Insider Activity at NVIDIA

In related news, Director Aarti S. Shah sold 19,000 shares of the company's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the completion of the sale, the director directly owned 36,007 shares in the company, valued at $6,362,796.97. This represents a 34.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 221,682 shares of the company's stock in a transaction on Friday, March 20th. The shares were sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the sale, the director owned 7,399,771 shares of the company's stock, valued at $1,285,192,227.28. This represents a 2.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 906,336 shares of company stock worth $162,802,518 over the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $219.51 on Friday. NVIDIA Corporation has a 52-week low of $129.16 and a 52-week high of $236.54. The stock has a market capitalization of $5.32 trillion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 0.69 and a beta of 2.25. The company has a fifty day moving average of $195.51 and a 200-day moving average of $188.87. 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 (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 110.48%. The company had revenue of $81.62 billion during the quarter, compared to analysts' expectations of $78.42 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The firm's revenue was up 85.2% on a year-over-year basis. Equities research analysts expect that NVIDIA Corporation will post 7.89 EPS for the current year.

NVIDIA announced that its board has approved a share buyback plan on Wednesday, May 20th that permits the company to buyback $80.00 billion in shares. This buyback authorization permits the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

NVIDIA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. This is an increase from NVIDIA's previous quarterly dividend of $0.01. NVIDIA's dividend payout ratio (DPR) is currently 0.82%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research reports. Robert W. Baird set a $500.00 price target on shares of NVIDIA and gave the stock an "outperform" rating in a research note on Thursday. Truist Financial boosted their price target on shares of NVIDIA from $287.00 to $307.00 and gave the stock a "buy" rating in a research note on Thursday. Morgan Stanley set a $288.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research note on Thursday. Mizuho set a $300.00 price target on shares of NVIDIA in a research note on Thursday. Finally, DA Davidson boosted their price target on shares of NVIDIA from $250.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $298.58.

NVIDIA 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.

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).

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.