2,759 Shares of NVIDIA Corporation $NVDA Acquired by Hardin Capital Partners LLC

Key Points

• Hardin Capital Partners LLC acquired 2,759 NVIDIA shares worth approximately $630,000 during the third quarter. Institutional investors collectively own 65.27% of NVIDIA.
• Analysts remain broadly bullish, with NVIDIA receiving an average “Buy” rating and an average price target of $321.47; recent earnings exceeded expectations, including $2.22 EPS and $96.22 billion in revenue.
• NVIDIA shares opened at $204.64, down 4.2%, while the company also authorized a $150 billion share-repurchase program and maintained a quarterly dividend of $0.25 per share.

Hardin Capital Partners LLC purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,759 shares of the computer hardware maker's stock, valued at approximately $630,000.

Other institutional investors have also added to or reduced their stakes in the company. Montgomery Financial Services LLC bought a new position in shares of NVIDIA in the second quarter valued at approximately $28,000. Phillip James Consulting Co. bought a new stake in NVIDIA during the first quarter worth $40,000. Bard Associates Inc. lifted its holdings in 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 acquiring an additional 266 shares during the period. Frankly Finances LLC purchased a new position in NVIDIA in the second quarter worth $60,000. Finally, ABS Investment Management LLC bought a new position in NVIDIA in the 2nd quarter valued at $80,000. 65.27% of the stock is owned by institutional investors.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
• Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
• Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

Analysts Set New Price Targets

NVDA has been the subject of several research analyst reports. Oppenheimer set a $315.00 target price on NVIDIA and gave the company an "outperform" rating in a research report on Thursday, August 27th. Cantor Fitzgerald restated an "overweight" rating and set a $350.00 price objective on shares of NVIDIA in a report on Thursday, October 1st. KeyCorp restated an "overweight" rating and set a $330.00 price objective on shares of NVIDIA in a report on Monday, August 24th. President Capital lifted their price objective on shares of NVIDIA from $295.00 to $330.00 in a research report on Thursday, August 27th. Finally, Wedbush boosted their target price on shares of NVIDIA from $330.00 to $345.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, NVIDIA presently has an average rating of "Buy" and an average target price of $321.47.

NVIDIA Stock Down 4.2%

NVDA stock opened at $204.64 on Friday. The stock has a fifty day moving average of $221.74 and a 200-day moving average of $204.24. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. The company has a market capitalization of $4.93 trillion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.57 and a beta of 2.22. 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 announced its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The business had revenue of $96.22 billion for the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The firm's quarterly revenue was up 105.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 EPS. As a group, equities research analysts predict that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, September 10th. NVIDIA's dividend payout ratio is presently 12.64%.

NVIDIA announced that its board has initiated a share repurchase plan on Monday, September 28th that authorizes the company to buy back $150 billion in shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 765,103 shares of the company's stock, valued at approximately $167,595,812.15. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of NVIDIA stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of the transaction, the director owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is owned by corporate insiders.

About NVIDIA

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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