Aspiriant LLC Purchases 3,733 Shares of NVIDIA Corporation $NVDA

Key Points

• Aspiriant LLC increased its NVIDIA stake by 10.3% in the third quarter, buying 3,733 shares to hold 39,802 shares worth about $9.09 million.
• Analyst sentiment was broadly positive: the stock had a consensus “Buy” rating and an average price target of $314.24.
• NVIDIA beat quarterly earnings and revenue estimates, with revenue up 105.9% year over year; the company also authorized a $150 billion share buyback plan.

Aspiriant LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,802 shares of the computer hardware maker's stock after purchasing an additional 3,733 shares during the period. Aspiriant LLC's holdings in NVIDIA were worth $9,090,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Montgomery Financial Services LLC acquired a new stake in NVIDIA during the 2nd quarter worth approximately $28,000. Newton One Investments LLC bought a new stake in NVIDIA during the 3rd quarter worth approximately $34,000. Phillip James Consulting Co. bought a new stake in NVIDIA during the 1st quarter worth approximately $40,000. Bard Associates Inc. increased its position in NVIDIA by 8,866.7% in the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock valued at $54,000 after acquiring an additional 266 shares during the period. Finally, Frankly Finances LLC acquired a new position in NVIDIA in the 2nd quarter valued at approximately $60,000. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. DZ Bank reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, August 26th. UBS Group reissued a "buy" rating on shares of NVIDIA in a research note on Friday, October 9th. Needham & Company LLC restated a "buy" rating and issued a $300.00 price objective on shares of NVIDIA in a report on Wednesday, October 21st. The Goldman Sachs Group restated a "buy" rating and issued a $300.00 price objective on shares of NVIDIA in a report on Monday. Finally, Yorkville Ives assumed coverage on NVIDIA in a research report on Tuesday, October 6th. They set an "outperform" rating and a $300.00 target price for the company. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $314.24.

NVIDIA Price Performance

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 twelve month low of $164.27 and a twelve month high of $243.37. The stock's 50 day moving average is $217.12 and its 200-day moving average is $204.35. The firm has a market capitalization of $4.19 trillion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.30 and a beta of 2.21.

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

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is currently 12.64%.

NVIDIA declared that its Board of Directors has initiated a stock buyback plan on Monday, September 28th that authorizes the company to buy back $150 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 2.8% of its shares through open market purchases. Share buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, Director Mark A. Stevens sold 622,239 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the transaction, the director 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares of the company's stock, valued at $598,810,648. This trade represents a 1.12% decrease in their position. 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. Insiders sold 1,766,118 shares of company stock worth $399,450,353 over the last three months. 3.94% of the stock is currently owned by insiders.

Top NVIDIA Stories

Here are a few of the latest stories 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
• Positive Sentiment: NVIDIA’s planned $10 billion investment in Anthropic alongside its IPO could strengthen ties with a major AI customer, though the investment also represents a substantial commitment. Article: Nvidia and Alphabet to buy Anthropic stock
• Negative Sentiment: The New York Times reported a second alleged relationship involving Huang and a direct report; the Wall Street Journal separately reported that NVIDIA’s board is preparing to oust him. The reports raise leadership, governance, and succession concerns for a company closely associated with its longtime CEO. Article: Report on Huang’s future at Nvidia

NVIDIA Company 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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.