Cambient Family Office LLC Has $48.33 Million Stock Holdings in NVIDIA Corporation $NVDA

Cambient Family Office LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 6.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 277,107 shares of the computer hardware maker’s stock after purchasing an additional 16,326 shares during the quarter. NVIDIA accounts for about 6.7% of Cambient Family Office LLC’s portfolio, making the stock its largest position. Cambient Family Office LLC’s holdings in NVIDIA were worth $48,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NVDA. Rooted Wealth Advisors Inc. lifted its holdings in shares of NVIDIA by 31.8% during the 1st quarter. Rooted Wealth Advisors Inc. now owns 25,166 shares of the computer hardware maker’s stock worth $4,389,000 after acquiring an additional 6,073 shares during the last quarter. Narus Financial Partners LLC lifted its stake in NVIDIA by 1.5% during the first quarter. Narus Financial Partners LLC now owns 42,718 shares of the computer hardware maker’s stock worth $7,450,000 after purchasing an additional 612 shares during the last quarter. FWG Investments LLC. raised its position in NVIDIA by 9.2% in the 1st quarter. FWG Investments LLC. now owns 5,158 shares of the computer hardware maker’s stock worth $899,000 after purchasing an additional 435 shares during the period. River Street Advisors LLC lifted its stake in shares of NVIDIA by 2.1% in the 1st quarter. River Street Advisors LLC now owns 58,061 shares of the computer hardware maker’s stock valued at $10,126,000 after acquiring an additional 1,205 shares during the last quarter. Finally, Signature Wealth Management Partners LLC boosted its holdings in NVIDIA by 0.9% during the 1st quarter. Signature Wealth Management Partners LLC now owns 18,160 shares of the computer hardware maker’s stock valued at $3,167,000 after acquiring an additional 170 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $194.83 on Friday. NVIDIA Corporation has a 12-month low of $157.34 and a 12-month high of $236.54. The stock has a market capitalization of $4.71 trillion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 0.43 and a beta of 2.21. The company has a 50-day simple moving average of $210.22 and a 200 day simple moving average of $193.51. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings data 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. The firm had revenue of $81.61 billion for the quarter, compared to analysts’ expectations of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 earnings per share. Research analysts expect that NVIDIA Corporation will post 8.69 earnings per share for the current fiscal year.

NVIDIA announced that its board has approved a share repurchase program on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were given a dividend of $0.25 per share. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA’s dividend payout ratio is currently 15.31%.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 885,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the sale, the director owned 5,207,271 shares in the company, valued at $1,094,412,146.07. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen C. Neal sold 15,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the transaction, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. This trade represents a 11.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,901,125 shares of company stock worth $410,583,015. 3.94% of the stock is currently owned by corporate insiders.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NVDA shares. Wedbush boosted their price target on NVIDIA from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Raymond James Financial reissued a “strong-buy” rating and set a $330.00 target price on shares of NVIDIA in a research note on Thursday, May 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of NVIDIA in a report on Friday, April 10th. Truist Financial upped their price objective on shares of NVIDIA from $287.00 to $307.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Citic Securities upped their price target on NVIDIA from $242.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Three investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $303.84.

View Our Latest Stock Analysis on NVDA

About NVIDIA

(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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