Encompass More Asset Management Sells 5,066 Shares of NVIDIA Corporation $NVDA

Key Points

• Encompass More Asset Management cut its NVIDIA stake by 18.3% in the third quarter, selling 5,066 shares. It retained 22,544 shares valued at about $5.15 million at quarter-end.
• NVIDIA reported quarterly EPS of $2.22, beating the $2.09 consensus, while revenue rose 105.9% year over year to $96.22 billion.
• Analyst sentiment remained broadly positive: MarketBeat reported a “Moderate Buy” consensus rating and an average price target of $277.89, despite some target cuts and a downgrade.

Encompass More Asset Management lowered its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,544 shares of the computer hardware maker's stock after selling 5,066 shares during the period. Encompass More Asset Management's holdings in NVIDIA were worth $5,149,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Boyd Wealth Management LLC grew its stake in shares of NVIDIA by 273.4% in the 2nd quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker's stock valued at $1,830,000 after buying an additional 6,696 shares during the period. Ally Financial Inc. grew its stake in shares of NVIDIA by 10.3% in the 2nd quarter. Ally Financial Inc. now owns 172,000 shares of the computer hardware maker's stock worth $34,415,000 after acquiring an additional 16,000 shares in the last quarter. Altshuler Shaham Ltd lifted its position in shares of NVIDIA by 6,451.9% during the 1st quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker's stock worth $111,134,000 after buying an additional 627,510 shares in the last quarter. Vanguard Capital Wealth Advisors lifted its holdings in NVIDIA by 5.6% during 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 period. Finally, Baker Tilly Wealth Management LLC boosted its holdings in shares of NVIDIA by 7.4% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker's stock worth $14,386,000 after buying an additional 4,958 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA News Roundup

These are some of the NVDA news items that stood out recently:

• Positive Sentiment: Despite cutting its price target to $300, Rosenblatt Securities maintained a Buy rating; other coverage also points to continued investor optimism about NVIDIA’s long-term growth potential. Rosenblatt Securities rating
• Neutral Sentiment: Investors are also being urged to judge AI demand by the revenue generated from computing capacity—not just the capital companies spend to build it. That could sharpen questions about how quickly AI infrastructure investments translate into sales. Barron's analysis of AI revenue
• Negative Sentiment: Huang’s departure creates uncertainty around succession and strategy. CFO Colette Kress is interim CEO, and the board has not yet selected a search firm for a permanent replacement. CEO search update

Analyst Ratings Changes

NVDA has been the subject of several research analyst reports. William Blair lowered shares of NVIDIA from an "outperform" rating to a "market perform" rating in a research note on Thursday. Wells Fargo & Company dropped their price objective on NVIDIA from $315.00 to $300.00 and set an "overweight" rating on the stock in a research note on Tuesday. TD Cowen reissued a "buy" rating on shares of NVIDIA in a report on Tuesday, August 18th. KGI Securities raised their target price on NVIDIA from $335.00 to $345.00 in a research report on Thursday, August 27th. Finally, Deutsche Bank reissued a "buy" rating on shares of NVIDIA in a research report on Monday, August 31st. Five analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $277.89.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $162.85 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 $148.80 and a 52-week high of $243.37. The firm has a market cap of $3.92 trillion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.28 and a beta of 2.21. The business's fifty day moving average is $214.64 and its 200 day moving average is $204.12.

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 analysts' consensus estimates 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 analysts' expectations of $92.27 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. The firm's quarterly revenue was up 105.9% on a year-over-year basis. Research analysts predict that NVIDIA Corporation will post 9.29 EPS for the current year.

NVIDIA Dividend Announcement

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

NVIDIA declared that its board has approved a share repurchase plan on Monday, September 28th that permits the company to repurchase $150 billion in shares. This buyback authorization permits the computer hardware maker to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its stock is undervalued.

Insider Activity

In other news, EVP Timothy S. Teter sold 30,460 shares of the firm'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 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 approximately $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of the business's 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 transaction, the director directly owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,766,118 shares of company stock worth $399,450,353 over the last ninety days. Company insiders own 3.94% of the company's stock.

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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