Formuepleje A S Purchases 47,598 Shares of NVIDIA Corporation $NVDA

Key Points

• Formuepleje A S increased its NVIDIA stake by 10.3%, buying 47,598 shares in the third quarter to reach 508,536 shares. NVIDIA represents about 10% of the firm’s portfolio and was its largest holding.
• Analyst sentiment was broadly positive: 48 analysts rated the stock Buy and five rated it Strong Buy, with an average price target of $318.85.
• NVIDIA reported quarterly EPS of $2.22, above the $2.09 consensus, and revenue of $96.22 billion, up 105.9% year over year. The company also authorized a $150 billion share-repurchase program.

Formuepleje A S grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 508,536 shares of the computer hardware maker's stock after buying an additional 47,598 shares during the period. NVIDIA accounts for approximately 10.0% of Formuepleje A S's investment portfolio, making the stock its largest position. Formuepleje A S's holdings in NVIDIA were worth $116,139,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NVDA. Turtle Creek Wealth Advisors LLC raised its position in shares of NVIDIA by 5.2% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 335,027 shares of the computer hardware maker's stock valued at $76,514,000 after buying an additional 16,549 shares during the period. WealthPlan Investment Management LLC grew its position in NVIDIA by 4.2% in the third quarter. WealthPlan Investment Management LLC now owns 273,587 shares of the computer hardware maker's stock worth $62,482,000 after acquiring an additional 11,103 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in NVIDIA by 4.7% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 66,862 shares of the computer hardware maker's stock worth $15,270,000 after acquiring an additional 3,013 shares during the period. Nvwm LLC increased its stake in NVIDIA by 1.4% during the third quarter. Nvwm LLC now owns 86,063 shares of the computer hardware maker's stock worth $19,655,000 after acquiring an additional 1,164 shares during the last quarter. Finally, Financial Life Advisors increased its stake in NVIDIA by 451.3% during the third quarter. Financial Life Advisors now owns 6,119 shares of the computer hardware maker's stock worth $1,397,000 after acquiring an additional 5,009 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NVDA shares. TD Cowen restated a "buy" rating on shares of NVIDIA in a research report on Tuesday, August 18th. Morgan Stanley set a $230.00 price target on NVIDIA in a report on Friday, October 2nd. Royal Bank Of Canada raised their price objective on NVIDIA from $300.00 to $330.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. The Goldman Sachs Group reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday, October 21st. Finally, Wedbush boosted their price objective on shares of NVIDIA from $330.00 to $345.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $318.85.

Insider Activity

In related news, CFO Colette Kress sold 34,918 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the transaction, the chief financial officer owned 765,103 shares of the company's stock, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. 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 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 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 ninety days, insiders sold 1,766,118 shares of company stock valued at $399,450,353. 3.94% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

NVIDIA stock opened at $186.64 on Monday. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two 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. The firm has a 50 day moving average price of $219.80 and a 200 day moving average price of $204.53. The company has a market capitalization of $4.50 trillion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.43 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating 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 company had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. The firm's quarterly revenue was up 105.9% compared to the same quarter last year. Research analysts expect that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA Dividend Announcement

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

NVIDIA announced that its Board of Directors has initiated a share buyback 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. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

NVIDIA News Roundup

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

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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