9,279 NVIDIA Corporation $NVDA Shares Purchased by Everhart Financial Group Inc.

Key Points

• Everhart Financial Group increased its NVIDIA position by 3.9%, purchasing 9,279 shares to hold 250,133 shares valued at approximately $57.1 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA reported strong quarterly results, with revenue up 105.9% year over year to $96.22 billion and earnings of $2.22 per share, exceeding analyst expectations. The company also authorized a $150 billion share-repurchase program.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and a $321.47 price target, although insiders sold $399.5 million worth of shares over the past three months.

Everhart Financial Group Inc. grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,133 shares of the computer hardware maker's stock after purchasing an additional 9,279 shares during the period. NVIDIA makes up approximately 3.5% of Everhart Financial Group Inc.'s investment portfolio, making the stock its 9th largest holding. Everhart Financial Group Inc.'s holdings in NVIDIA were worth $57,125,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Veracity Capital LLC raised its holdings in shares of NVIDIA by 6.4% in the 3rd quarter. Veracity Capital LLC now owns 28,556 shares of the computer hardware maker's stock valued at $6,522,000 after purchasing an additional 1,723 shares during the period. Plan A Wealth LLC lifted its stake in NVIDIA by 3.8% in the 3rd quarter. Plan A Wealth LLC now owns 30,413 shares of the computer hardware maker's stock valued at $6,946,000 after purchasing an additional 1,101 shares during the last quarter. Peterson Wealth Advisors LLC increased its position in NVIDIA by 5.3% during the third quarter. Peterson Wealth Advisors LLC now owns 3,505 shares of the computer hardware maker's stock worth $800,000 after buying an additional 175 shares during the last quarter. New Covenant Trust Company N.A. increased its position in NVIDIA by 13.8% during the third quarter. New Covenant Trust Company N.A. now owns 29,235 shares of the computer hardware maker's stock worth $6,677,000 after buying an additional 3,552 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. increased its position in NVIDIA by 30.3% during the third quarter. Quintet Private Bank Europe S.A. now owns 1,499,197 shares of the computer hardware maker's stock worth $342,387,000 after buying an additional 348,464 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Trending Headlines about 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

Insider Activity

In related news, EVP Timothy S. Teter sold 30,460 shares of the company's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at $598,810,648. This represents a 1.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of the 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 directly owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,766,118 shares of company stock worth $399,450,353. Corporate insiders own 3.94% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of several research reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, August 26th. Wells Fargo & Company set a $210.00 price objective on shares of NVIDIA in a research report on Friday, October 2nd. Yorkville Ives started coverage on shares of NVIDIA in a research report on Tuesday, October 6th. They issued an "outperform" rating and a $300.00 price objective on the stock. Rosenblatt Securities restated a "buy" rating and set a $390.00 target price on shares of NVIDIA in a research note on Tuesday, September 29th. Finally, BNP Paribas Exane reaffirmed an "outperform" rating and set a $345.00 target price on shares of NVIDIA in a report on Monday, October 5th. Five analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $321.47.

NVIDIA Price Performance

NVIDIA stock opened at $204.64 on Friday. 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 Corporation has a 52 week low of $164.27 and a 52 week high of $243.37. The stock has a market capitalization of $4.93 trillion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 1.64 and a beta of 2.22. The stock has a fifty day moving average of $221.74 and a 200-day moving average of $204.24.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The business had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. During the same period last year, the firm posted $1.05 earnings per share. NVIDIA's revenue was up 105.9% compared to the same quarter last year. On average, sell-side analysts expect that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

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

NVIDIA Announces Dividend

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

NVIDIA Company Profile

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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