Beaumont Asset Management L.L.C. Purchases 6,427 Shares of NVIDIA Corporation $NVDA

Key Points

• Beaumont Asset Management opened a new NVIDIA position, buying 6,427 shares worth approximately $1.47 million in the third quarter.
• Other institutions also adjusted or increased their holdings; TD Waterhouse added 368,049 shares. Institutional investors and hedge funds collectively own 65.27% of NVIDIA.
• NVIDIA reported quarterly earnings and revenue above analyst estimates, with revenue up 105.9% year over year. The company also authorized up to $150 billion in share repurchases.

Beaumont Asset Management L.L.C. purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,427 shares of the computer hardware maker's stock, valued at approximately $1,468,000.

Several other institutional investors and hedge funds have also modified their holdings of NVDA. St. Louis Financial Planners Asset Management LLC lifted its holdings in NVIDIA by 2.0% in the 3rd quarter. St. Louis Financial Planners Asset Management LLC now owns 16,668 shares of the computer hardware maker's stock worth $3,537,000 after purchasing an additional 327 shares during the last quarter. Mosley Wealth Management increased its stake in shares of NVIDIA by 6.6% in the third quarter. Mosley Wealth Management now owns 20,714 shares of the computer hardware maker's stock worth $4,500,000 after purchasing an additional 1,274 shares during the period. Prairiewood Capital LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth about $251,000. Parisi Gray Wealth Management lifted its position in shares of NVIDIA by 0.8% during the 3rd quarter. Parisi Gray Wealth Management now owns 123,046 shares of the computer hardware maker's stock worth $28,101,000 after purchasing an additional 964 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in shares of NVIDIA by 7.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 5,564,890 shares of the computer hardware maker's stock worth $1,286,109,000 after purchasing an additional 368,049 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA News Summary

Investors following NVDA have been watching these news items:

• Positive Sentiment: Some investors see the selloff as an opportunity: retail traders reportedly bought about $111 million of NVDA in the first 30 minutes of trading. Bullish commentary points to NVIDIA’s established AI business and continuing infrastructure demand. Article: Huang Exit Fuels Nvidia Bulls
• Negative Sentiment: Huang’s departure raises key-person and succession concerns after 33 years at the helm. The surrounding allegations and scrutiny—including questions about possible chip diversion to China—could invite tighter export controls and damage investor confidence; these claims remain under investigation and are not established findings. Article: Jensen Huang steps down
• Negative Sentiment: Several analysts downgraded the stock or cut price targets, citing leadership, governance and China-related risks. A securities class action adds another source of uncertainty for shareholders. Article: Nvidia Stock Just Got Downgraded

NVIDIA Stock Down 4.3%

Shares of NASDAQ NVDA opened at $166.19 on Friday. The stock has a market cap of $4.01 trillion, a PE ratio of 21.01, a PEG ratio of 1.34 and a beta of 2.21. The business has a fifty day moving average of $215.96 and a two-hundred day moving average of $204.25. NVIDIA Corporation has a 52-week low of $148.80 and a 52-week high of $243.37. 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 issued 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 the consensus estimate of $92.27 billion. During the same quarter in the previous year, the company earned $1.05 EPS. The firm's revenue for the quarter was up 105.9% compared to the same quarter last year. As a group, equities research analysts expect that NVIDIA Corporation will post 9.29 earnings per share for the current fiscal year.

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

NVIDIA Announces Dividend

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

Insider Activity

In other news, Director Mark Stevens sold 622,239 shares of the business's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the transaction, the director directly owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. The trade was a 21.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Teter sold 30,460 shares of the business's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $222.80, for a total value 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. The trade was a 1.12% 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. Over the last 90 days, insiders sold 1,766,118 shares of company stock worth $399,450,353. Insiders own 3.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NVDA. UBS Group reiterated a "buy" rating on shares of NVIDIA in a report on Friday, October 9th. Jefferies Financial Group assumed coverage on shares of NVIDIA in a research report on Wednesday. They set a "hold" rating for the company. Rosenblatt Securities reiterated a "buy" rating and issued a $390.00 target price on shares of NVIDIA in a research note on Tuesday, September 29th. BMO Capital Markets reduced their target price on shares of NVIDIA from $340.00 to $240.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, Deutsche Bank reiterated a "buy" rating on shares of NVIDIA in a research report on Monday, August 31st. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $283.63.

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.

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