Factor Wealth Management LTD Sells 6,007 Shares of NVIDIA Corporation $NVDA

Key Points

• Factor Wealth Management cut its NVIDIA stake by 23%, selling 6,007 shares and retaining 20,133 shares valued at approximately $4.6 million. Institutional investors collectively own 65.27% of NVIDIA.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $321.47; five analysts rate the stock a Strong Buy and 49 rate it a Buy.
• NVIDIA reported quarterly earnings and revenue above expectations, with revenue up 105.9% year over year, while its board authorized a $150 billion share-repurchase program.

Factor Wealth Management LTD trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 23.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,133 shares of the computer hardware maker's stock after selling 6,007 shares during the period. Factor Wealth Management LTD's holdings in NVIDIA were worth $4,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Retirement Wealth Solutions LLC lifted its stake in NVIDIA by 1.2% in the second quarter. Retirement Wealth Solutions LLC now owns 4,121 shares of the computer hardware maker's stock valued at $825,000 after buying an additional 47 shares in the last quarter. LightSquare Wealth Management LLC boosted its position in NVIDIA by 0.3% during the 2nd quarter. LightSquare Wealth Management LLC now owns 18,695 shares of the computer hardware maker's stock worth $3,741,000 after acquiring an additional 49 shares during the last quarter. Defender Capital LLC. grew its stake in shares of NVIDIA by 0.7% during the 2nd quarter. Defender Capital LLC. now owns 7,534 shares of the computer hardware maker's stock worth $1,507,000 after acquiring an additional 50 shares in the last quarter. Kooman & Associates grew its stake in shares of NVIDIA by 0.6% during the 2nd quarter. Kooman & Associates now owns 8,464 shares of the computer hardware maker's stock worth $1,694,000 after acquiring an additional 50 shares in the last quarter. Finally, Roof Eidam Maycock Peralta LLC raised its holdings in shares of NVIDIA by 0.3% in the second quarter. Roof Eidam Maycock Peralta LLC now owns 18,827 shares of the computer hardware maker's stock valued at $3,767,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several analyst reports. Phillip Securities raised their price objective on NVIDIA from $285.00 to $300.00 and gave the company a "buy" rating in a report on Monday, August 31st. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of NVIDIA in a research report on Monday, August 31st. Stifel Nicolaus set a $315.00 price objective on NVIDIA in a research report on Thursday, August 27th. Truist Financial lifted their price objective on NVIDIA from $307.00 to $346.00 and gave the stock a "buy" rating in a research note on Thursday, August 27th. Finally, Needham & Company LLC reissued a "buy" rating and set a $300.00 target price on shares of NVIDIA in a research report on Wednesday, October 21st. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Buy" and an average target price of $321.47.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 34,918 shares of the company's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the transaction, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. This represents a 4.36% decrease in their position. The sale was disclosed in a legal filing 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, EVP Timothy Teter sold 30,460 shares of the firm's 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 completion of the sale, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. The trade was a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,766,118 shares of company stock worth $399,450,353 in the last ninety days. 3.94% of the stock is currently owned by insiders.

NVIDIA News Roundup

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

NVIDIA Stock Performance

Shares of NVDA stock opened at $204.64 on Friday. The company has a market cap of $4.93 trillion, a P/E ratio of 25.87, a P/E/G ratio of 1.64 and a beta of 2.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. The firm has a 50-day moving average of $221.74 and a 200-day moving average of $204.24. NVIDIA Corporation has a one year low of $164.27 and a one year high of $243.37.

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

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, September 10th. NVIDIA's payout ratio is presently 12.64%.

NVIDIA declared that its board has approved a stock repurchase program on Monday, September 28th that allows the company to buy back $150 billion in shares. This buyback authorization allows the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Share buyback programs are generally an indication that the company's board believes its shares are undervalued.

NVIDIA 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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