Donaldson Capital Management LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 7.7% during the first quarter, as revealed in its latest Form 13F filing with the SEC. The institutional investor’s holdings grew to 74,065 shares, following the acquisition of an additional 5,310 shares, bringing their total investment in NVIDIA to approximately $8.03 million.
Other institutional investors have also recently adjusted their positions in NVIDIA. Tacita Capital Inc, Vision Financial Markets LLC, Luken Investment Analytics LLC, and Copia Wealth Management have all made new investments in the stock during the fourth quarter, with purchases ranging from $28,000 to $50,000. Furthermore, Bruce G. Allen Investments LLC increased its stake in NVIDIA significantly by 198.2% in the same quarter, now owning 492 shares valued at about $53,000. Currently, institutional investors hold around 65.27% of NVIDIA’s stock.
In terms of insider movements, Director Robert K. Burgess sold 50,000 shares on May 30th for around $6.74 million, reducing his ownership by roughly 19.92%. Meanwhile, Director Mark A. Stevens sold a substantial 935,000 shares on June 3rd, totaling about $131.76 million, a decrease of 9.21% in his stake. In the last quarter alone, company insiders sold approximately 3.79 million shares, valued at $544.82 million, leaving them with a 4.17% ownership stake in NVIDIA.
Analysts on Wall Street remain optimistic about NVIDIA’s performance, with several maintaining “outperform” ratings and setting price targets that reflect continued growth. Oppenheimer has set a target of $175.00, while Loop Capital has significantly increased their price target to $250.00, indicating their confidence in the company’s potential. Collectively, the stock holds an average rating of “Moderate Buy” among analysts with a target price of $175.78.
NVIDIA’s stock saw a boost, trading up 1.8%, reaching $157.75. The company’s market cap stands at an impressive $3.85 trillion, with a price-to-earnings ratio of 50.89. It recently reported revenue of $44.06 billion for the quarter, surpassing analyst expectations and marking a 69.2% year-over-year increase. Although the company reported an EPS of $0.81, slightly below expectations, analysts forecast an EPS of 2.77 for the current year, suggesting a promising outlook.
Additionally, NVIDIA announced a quarterly dividend of $0.01, payable to shareholders on July 3rd, reflecting its commitment to returning value to investors even amidst fluctuations in earnings.
NVIDIA continues to innovate in the graphics and compute solutions sector, holding significant potential for future growth. The company’s strategic actions within the financial markets, combined with its robust operational foundations in gaming, AI, and cloud computing, suggest a hopeful outlook as it navigates the competitive landscape in tech.