KERR FINANCIAL PLANNING Corp Takes $3.94 Million Position in NVIDIA Corporation $NVDA

KERR FINANCIAL PLANNING Corp bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 20,964 shares of the computer hardware maker’s stock, valued at approximately $3,939,000. NVIDIA accounts for approximately 5.5% of KERR FINANCIAL PLANNING Corp’s investment portfolio, making the stock its 3rd largest holding.

Several other institutional investors have also added to or reduced their stakes in NVDA. State Street Corp lifted its holdings in shares of NVIDIA by 1.0% during the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock worth $154,556,803,000 after buying an additional 9,554,857 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of NVIDIA by 1.5% in the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock valued at $91,150,170,000 after acquiring an additional 8,521,936 shares in the last quarter. Norges Bank bought a new position in NVIDIA during the second quarter worth about $51,386,863,000. Legal & General Group Plc increased its position in NVIDIA by 1.5% during the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock worth $33,808,862,000 after acquiring an additional 2,609,560 shares during the period. Finally, Capital Research Global Investors raised its stake in NVIDIA by 16.1% in the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock worth $30,855,564,000 after purchasing an additional 22,896,705 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NVDA shares. UBS Group restated a “buy” rating on shares of NVIDIA in a research report on Tuesday. KeyCorp reiterated an “overweight” rating and issued a $275.00 price target on shares of NVIDIA in a research report on Tuesday. Wolfe Research boosted their price target on NVIDIA from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $250.00 price target on shares of NVIDIA in a research report on Tuesday. Finally, Wedbush raised their price objective on NVIDIA from $230.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Four analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Buy” and a consensus price target of $275.40.

Read Our Latest Analysis on NVDA

NVIDIA Stock Performance

NASDAQ NVDA opened at $178.81 on Friday. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $4.34 trillion, a price-to-earnings ratio of 36.49, a P/E/G ratio of 0.61 and a beta of 2.33. The firm’s 50 day simple moving average is $184.84 and its 200 day simple moving average is $184.12. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 EPS for the quarter, beating 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 business had revenue of $68.13 billion during the quarter, compared to the consensus estimate of $65.56 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The company’s revenue was up 73.2% on a year-over-year basis. As a group, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be paid a $0.01 dividend. The ex-dividend date is 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%.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $175.72, for a total transaction of $4,856,900.80. Following the completion of the sale, the chief financial officer directly owned 846,772 shares in the company, valued at $148,794,775.84. This represents a 3.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay K. Puri sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $182.52, for a total value of $54,756,000.00. Following the completion of the sale, the executive vice president directly owned 3,318,547 shares in the company, valued at $605,701,198.44. This trade represents a 8.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 798,284 shares of company stock valued at $146,064,329. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Company Profile

(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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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