5,220 NVIDIA Corporation $NVDA Shares Purchased by Selective Wealth Management Inc.

Key Points

• Selective Wealth Management increased its NVIDIA stake by 36.1%, adding 5,220 shares in the third quarter to reach 19,679 shares valued at about $4.28 million.
• NVIDIA reported quarterly earnings of $2.22 per share and revenue of $96.22 billion, beating analyst expectations; revenue rose 105.9% year over year.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and a $314.24 average price target. NVIDIA also authorized up to $150 billion in share repurchases.

Selective Wealth Management Inc. increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 36.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,679 shares of the computer hardware maker's stock after acquiring an additional 5,220 shares during the quarter. NVIDIA comprises approximately 1.0% of Selective Wealth Management Inc.'s portfolio, making the stock its 20th largest holding. Selective Wealth Management Inc.'s holdings in NVIDIA were worth $4,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Hanson & Doremus Investment Management raised its position in NVIDIA by 7.0% in the 3rd quarter. Hanson & Doremus Investment Management now owns 5,772 shares of the computer hardware maker's stock valued at $1,318,000 after purchasing an additional 376 shares during the last quarter. Aspiriant LLC boosted its stake in NVIDIA by 10.3% during the 3rd quarter. Aspiriant LLC now owns 39,802 shares of the computer hardware maker's stock worth $9,090,000 after purchasing an additional 3,733 shares during the period. Praetorian Wealth Management Inc. grew its position in NVIDIA by 1.0% during the 3rd quarter. Praetorian Wealth Management Inc. now owns 6,615 shares of the computer hardware maker's stock worth $1,511,000 after purchasing an additional 66 shares during the last quarter. Pension & Wealth Management Advisors Inc. grew its position in NVIDIA by 45.7% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 31,132 shares of the computer hardware maker's stock worth $7,110,000 after purchasing an additional 9,770 shares during the last quarter. Finally, Cornerstone Wealth Advisors Inc. grew its position in NVIDIA by 4.3% during the 3rd quarter. Cornerstone Wealth Advisors Inc. now owns 1,518 shares of the computer hardware maker's stock worth $347,000 after purchasing an additional 62 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NVDA shares. KGI Securities upped their target price on shares of NVIDIA from $335.00 to $345.00 in a report on Thursday, August 27th. Melius Research decreased their target price on shares of NVIDIA from $420.00 to $315.00 and set a "buy" rating for the company in a research note on Monday, November 2nd. Wedbush raised their price target on NVIDIA from $330.00 to $345.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Aletheia Capital downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $330.00 target price on shares of NVIDIA in a research note on Monday. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, NVIDIA has an average rating of "Buy" and a consensus target price of $314.24.

NVIDIA Stock Up 2.9%

Shares of NASDAQ:NVDA opened at $173.73 on Thursday. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $243.37. The stock's fifty day simple moving average is $217.12 and its 200-day simple moving average is $204.35. The company has a market capitalization of $4.19 trillion, a P/E ratio of 21.96, a P/E/G ratio of 1.30 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 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 analyst estimates of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The business's revenue for the quarter was up 105.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. As a group, equities research analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, September 10th. NVIDIA's dividend payout ratio is 12.64%.

NVIDIA announced that its board has approved a stock buyback program on Monday, September 28th that permits the company to repurchase $150 billion in shares. This repurchase authorization permits the computer hardware maker to repurchase up to 2.8% of its stock through open market purchases. Share repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, 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 transaction of $7,648,787.90. Following the sale, the chief financial officer directly owned 765,103 shares of the company's stock, valued at $167,595,812.15. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the sale, the executive vice president owned 2,687,660 shares of the company's stock, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,766,118 shares of company stock worth $399,450,353. Corporate insiders own 3.94% of the company's stock.

Key Headlines Impacting NVIDIA

Here are a few of the latest headlines about NVDA:

• Positive Sentiment: Better-than-expected results from AI cloud provider CoreWeave revived confidence that data-center infrastructure spending remains strong, supporting demand for NVIDIA’s chips. Article: Nvidia rebounds as CoreWeave earnings reignite the AI trade
• Negative Sentiment: Allegations around Huang’s ties to a woman suspected of Chinese intelligence links have widened into national-security and export-control concerns. Congressional scrutiny and reports of restricted chips reaching Chinese buyers could invite tighter rules and legal or reputational fallout; the claims remain under investigation. Article: Nvidia controversy revives chip-export debate
• Negative Sentiment: Competition may intensify as OpenAI reportedly plans more vertically integrated infrastructure, including its own chips, while Alphabet is advancing its TPU systems. Both developments could reduce reliance on NVIDIA over time. Article: Alphabet escalates AI chip rivalry

About NVIDIA

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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