MML Investors Services LLC Raises Holdings in NVIDIA Corporation $NVDA

MML Investors Services LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 3.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,816,512 shares of the computer hardware maker’s stock after buying an additional 138,334 shares during the quarter. NVIDIA accounts for about 1.7% of MML Investors Services LLC’s investment portfolio, making the stock its 3rd largest holding. MML Investors Services LLC’s holdings in NVIDIA were worth $711,779,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the business. Longfellow Investment Management Co. LLC boosted its position in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA during the second quarter valued at approximately $40,000. AlphaCentric Advisors LLC bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $45,000. Syntax Research Inc. boosted its position in shares of NVIDIA by 62.5% during the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker’s stock valued at $49,000 after purchasing an additional 100 shares in the last quarter. Finally, Networth Advisors LLC bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $51,000. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NVDA shares. Oppenheimer restated an “outperform” rating and set a $265.00 price target on shares of NVIDIA in a research report on Thursday, February 26th. William Blair restated an “outperform” rating on shares of NVIDIA in a research report on Tuesday, June 2nd. Tigress Financial restated a “strong-buy” rating and set a $425.00 price target (up from $360.00) on shares of NVIDIA in a research report on Wednesday, May 27th. Wolfe Research reiterated an “outperform” rating and set a $275.00 price objective on shares of NVIDIA in a research note on Thursday, May 21st. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $315.00 price objective (up from $265.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Three analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $305.67.

NVIDIA Stock Up 3.5%

Shares of NASDAQ:NVDA opened at $212.45 on Tuesday. The stock has a fifty day simple moving average of $207.54 and a two-hundred day simple moving average of $191.65. The stock has a market capitalization 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 Corporation has a 12-month low of $142.03 and a 12-month high of $236.54. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share 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 firm had revenue of $81.62 billion during the quarter, compared to analysts’ expectations of $78.42 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. The company’s revenue was up 85.2% on a year-over-year basis. On average, research analysts anticipate that NVIDIA Corporation will post 8.65 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be paid a $0.25 dividend. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, June 4th. NVIDIA’s dividend payout ratio (DPR) is presently 15.31%.

NVIDIA announced that its board has approved a share repurchase 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 reacquire up to 1.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Transactions at NVIDIA

In other news, Director Aarti S. Shah sold 19,000 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $176.71, for a total value of $3,357,490.00. Following the completion of the transaction, the director owned 36,007 shares in the company, valued at $6,362,796.97. The trade was a 34.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 500,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $219.83, for a total value of $109,915,000.00. Following the completion of the transaction, the director owned 6,399,771 shares of the company’s stock, valued at $1,406,861,658.93. This represents a 7.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,619,457 shares of company stock valued at $332,073,643. Insiders own 3.94% of the company’s stock.

Trending Headlines about 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 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.