19,906 Shares of NVIDIA Corporation $NVDA Acquired by Arkfeld Wealth Strategies L.L.C.

Key Points

• Arkfeld Wealth Strategies acquired 19,906 NVIDIA shares in the third quarter, worth about $4.73 million; NVIDIA represents 1.2% of the firm’s holdings. Institutional investors collectively own 65.27% of the stock.
• NVIDIA reported quarterly earnings of $2.22 per share, beating estimates, while revenue rose 105.9% year over year to $96.22 billion.
• The company authorized a $150 billion share repurchase program. Analysts’ average rating was “Moderate Buy,” with an average price target of $277.89.

Arkfeld Wealth Strategies L.L.C. bought a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,906 shares of the computer hardware maker's stock, valued at approximately $4,727,000. NVIDIA makes up about 1.2% of Arkfeld Wealth Strategies L.L.C.'s holdings, making the stock its 23rd biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Intelligent Financial Strategies bought a new position in NVIDIA in the 3rd quarter worth about $26,000. Montgomery Financial Services LLC bought a new stake in shares of NVIDIA during the 2nd quarter valued at about $28,000. Newton One Investments LLC bought a new stake in shares of NVIDIA during the 3rd quarter valued at about $34,000. Phillip James Consulting Co. bought a new stake in shares of NVIDIA during the 1st quarter valued at about $40,000. Finally, Bard Associates Inc. grew its holdings in shares of NVIDIA by 8,866.7% during the second quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock worth $54,000 after purchasing an additional 266 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Down 2.0%

Shares of NVDA opened at $162.85 on Friday. NVIDIA Corporation has a fifty-two week low of $148.80 and a fifty-two week high of $243.37. The firm has a market cap of $3.92 trillion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.28 and a beta of 2.21. The firm has a 50 day moving average price of $214.64 and a 200-day moving average price of $204.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. During the same quarter last year, the firm earned $1.05 EPS. The firm's quarterly revenue was up 105.9% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Corporation will post 9.29 earnings per share for the current year.

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Monday, September 28th that permits the company to buy back $150 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its stock is undervalued.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, September 10th. NVIDIA's dividend payout ratio is presently 12.64%.

Insider Buying and Selling at NVIDIA

In other news, Director Mark Stevens sold 622,239 shares of the firm's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the transaction, the director directly owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the transaction, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,766,118 shares of company stock worth $399,450,353 over the last three months. Company insiders own 3.94% of the company's stock.

More NVIDIA News

Investors following NVDA have been watching these news items:

• Positive Sentiment: Despite cutting its price target to $300, Rosenblatt Securities maintained a Buy rating; other coverage also points to continued investor optimism about NVIDIA’s long-term growth potential. Rosenblatt Securities rating
• Positive Sentiment: Investors will look to the November 17 earnings report for evidence that AI demand remains robust. Articles cite strong infrastructure spending and a $108 billion revenue outlook as potential supports for the business. NVIDIA earnings preview
• Neutral Sentiment: Investors are also being urged to judge AI demand by the revenue generated from computing capacity—not just the capital companies spend to build it. That could sharpen questions about how quickly AI infrastructure investments translate into sales. Barron's analysis of AI revenue

Analyst Ratings Changes

Several research firms recently weighed in on NVDA. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday, October 9th. Rothschild & Co Redburn raised their target price on shares of NVIDIA from $300.00 to $325.00 in a research note on Thursday, August 27th. Wedbush set a $345.00 target price on shares of NVIDIA and gave the company an "outperform" rating in a research report on Thursday. Mizuho set a $250.00 price target on NVIDIA in a research report on Monday, November 9th. Finally, HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $170.00 price target for the company. in a research note on Friday. Five investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $277.89.

NVIDIA Profile

NVIDIA Corporation develops graphics processing units (GPUs), accelerated computing platforms and related software. Founded in 1993, the company first became widely known for GPUs used in PC gaming and professional graphics. Its technology now also supports artificial intelligence, scientific computing and other data-intensive applications. NVIDIA's offerings include GeForce products for gaming, data-center GPUs and systems for AI workloads, and networking products that connect computing infrastructure.

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