C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires 3,013 Shares of NVIDIA Corporation $NVDA

Key Points

• Prosperity Capital Advisors increased its NVIDIA stake by 3,013 shares, or 4.7%, ending the third quarter with 66,862 shares valued at approximately $15.27 million.
• Other institutional investors also adjusted their NVIDIA holdings, and hedge funds and institutions collectively own 65.27% of the company’s stock.
• Analysts hold a consensus “Buy” rating with an average price target of $318.85. NVIDIA’s latest reported quarterly revenue rose 105.9% year over year to $96.22 billion, beating estimates.

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,862 shares of the computer hardware maker's stock after buying an additional 3,013 shares during the quarter. NVIDIA accounts for 0.8% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' investment portfolio, making the stock its 29th largest position. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' holdings in NVIDIA were worth $15,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Boyd Wealth Management LLC increased its stake in shares of NVIDIA by 273.4% during the second quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker's stock worth $1,830,000 after buying an additional 6,696 shares during the period. Ally Financial Inc. raised its holdings in NVIDIA by 10.3% in the second quarter. Ally Financial Inc. now owns 172,000 shares of the computer hardware maker's stock valued at $34,415,000 after acquiring an additional 16,000 shares in the last quarter. Altshuler Shaham Ltd raised its holdings in NVIDIA by 6,451.9% in the first quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker's stock valued at $111,134,000 after acquiring an additional 627,510 shares in the last quarter. Vanguard Capital Wealth Advisors lifted its stake in NVIDIA by 5.6% in the second quarter. Vanguard Capital Wealth Advisors now owns 52,163 shares of the computer hardware maker's stock worth $10,437,000 after acquiring an additional 2,758 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its stake in NVIDIA by 7.4% in the second quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker's stock worth $14,386,000 after acquiring an additional 4,958 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Some investors see the decline as a buying opportunity, citing NVIDIA’s strong AI-chip position and profitability. ARK Invest also reportedly added $45.9 million of NVDA shares during the sell-off. Nvidia Stock Rises on Dip-Buying: 3 Reasons to Be Optimistic
• Positive Sentiment: CEO Jensen Huang says the next-generation Vera Rubin platform could generate more revenue per gigawatt of data-center capacity than the current platform, supporting the case for continued growth. Jensen Huang Says Nvidia's Next-Gen Vera Rubin Chips Will Generate $40 Billion in Revenue per Gigawatt
• Neutral Sentiment: NVIDIA’s upcoming Nov. 17 results are a key near-term catalyst: investors will look for evidence that demand and guidance can ease fears about AI spending and justify the stock’s recovery. Nvidia Investors Need to Be Paying Attention on Nov. 17
• Negative Sentiment: The rebound follows a steep sell-off that wiped roughly $450 billion from NVIDIA’s market value. Investors are worried that a Democratic-led Congress, data-center permitting or regulatory hurdles, high capital costs, and uncertain returns could delay infrastructure projects and weaken future chip demand. AI stocks hammered by midterm shock as data center buildout becomes a 'war of attrition'
• Negative Sentiment: Reports that NVIDIA may be taking on greater exposure to financially strained “neocloud” customers raise concern that it could face risks beyond selling chips if those providers struggle to fund data centers. As neoclouds face a financial reckoning, Nvidia has to decide how far to go to help

Insider Transactions at NVIDIA

In other news, EVP Timothy Teter sold 30,460 shares of the stock in a transaction dated 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 sale, the executive vice president owned 2,687,660 shares in the company, valued at approximately $598,810,648. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing 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, Director Mark Stevens sold 622,239 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,766,118 shares of company stock worth $399,450,353. Company insiders own 3.94% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. BNP Paribas Exane reiterated an "outperform" rating and set a $345.00 price target on shares of NVIDIA in a report on Monday, October 5th. Piper Sandler initiated coverage on shares of NVIDIA in a research report on Wednesday, September 9th. They issued an "overweight" rating and a $300.00 price objective on the stock. HSBC raised their price objective on shares of NVIDIA from $360.00 to $365.00 in a report on Thursday, August 27th. Sanford C. Bernstein reaffirmed a "buy" rating on shares of NVIDIA in a research report on Monday, September 21st. Finally, Morgan Stanley set a $230.00 target price on shares of NVIDIA in a research note on Friday, October 2nd. Five research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Buy" and a consensus price target of $318.85.

NVIDIA Price Performance

NVDA stock opened at $186.64 on Monday. The company has a fifty day moving average price of $219.80 and a 200 day moving average price of $204.53. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $243.37. The company has a market cap of $4.50 trillion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.43 and a beta of 2.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping 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 period last year, the firm posted $1.05 EPS. NVIDIA's revenue for the quarter was up 105.9% on a year-over-year basis. Sell-side analysts expect that NVIDIA Corporation will post 9.30 earnings per share for the current year.

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

NVIDIA Announces Dividend

The firm 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 10th. NVIDIA's dividend payout ratio is presently 12.64%.

NVIDIA 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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