Foster Group Inc. Buys 2,787 Shares of NVIDIA Corporation $NVDA

Key Points

• Foster Group increased its NVIDIA stake by 6.2% in the third quarter, buying 2,787 shares to hold 47,819 shares valued at about $10.9 million.
• Institutional ownership stands at 65.27%, and analyst sentiment is broadly positive: 53 analysts rate the stock Buy or Strong Buy, with a consensus price target of $318.85.
• NVIDIA reported quarterly earnings and revenue above analyst expectations, while its board approved a $150 billion share-repurchase program.

Foster Group Inc. raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,819 shares of the computer hardware maker's stock after acquiring an additional 2,787 shares during the quarter. Foster Group Inc.'s holdings in NVIDIA were worth $10,921,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ulrich Consultants & Investment Group LLC bought a new stake in shares of NVIDIA during the 3rd quarter valued at $272,000. Krilogy Financial LLC lifted its position in NVIDIA by 1.7% during the third quarter. Krilogy Financial LLC now owns 283,467 shares of the computer hardware maker's stock worth $64,154,000 after purchasing an additional 4,743 shares during the period. Walker Asset Management LLC lifted its position in NVIDIA by 3.3% during the third quarter. Walker Asset Management LLC now owns 34,762 shares of the computer hardware maker's stock worth $7,939,000 after purchasing an additional 1,101 shares during the period. Affinity Capital Advisors LLC grew its stake in NVIDIA by 72.5% during the third quarter. Affinity Capital Advisors LLC now owns 42,728 shares of the computer hardware maker's stock worth $9,797,000 after buying an additional 17,958 shares in the last quarter. Finally, Trinity Wealth Management LLC grew its stake in NVIDIA by 21.3% during the third quarter. Trinity Wealth Management LLC now owns 2,127 shares of the computer hardware maker's stock worth $486,000 after buying an additional 373 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NVDA. Daiwa Securities Group cut their price target on shares of NVIDIA from $255.00 to $245.00 and set an "outperform" rating for the company in a report on Thursday, September 17th. Cantor Fitzgerald reissued an "overweight" rating and issued a $350.00 price objective on shares of NVIDIA in a research note on Thursday, October 1st. Mizuho set a $315.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a research report on Thursday, August 27th. Yorkville Ives began coverage on NVIDIA in a research note on Tuesday, October 6th. They set an "outperform" rating and a $300.00 target price for the company. Finally, Oppenheimer set a $315.00 target price on NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 27th. Five 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $318.85.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Underlying AI infrastructure demand remains a support: one report cited resilient demand and tight TSMC manufacturing capacity, while NVIDIA’s OpenShell integration with ModelOp adds another enterprise AI governance use case. Article: What Is Going On With Nvidia Stock on Wednesday? Article: ModelOp Unveils Industry-First Full-Stack AI Policy Enforcement With NVIDIA OpenShell
• Neutral Sentiment: NVIDIA’s reported guidance of $108 billion sets a high bar for upcoming revenue expectations, making the next results and outlook an important test of whether demand can continue to meet investor expectations. Article: Nvidia Stocks Decline 1.35% as $108 Billion Guide Sets the Next Revenue Hurdle
• Negative Sentiment: Democratic midterm victories sparked concerns that data-center projects could face slower approvals or higher costs, weighing on semiconductor shares even as broader markets rallied. Article: Why is Nvidia stock falling while broader markets rally on Democratic midterm win?
• Negative Sentiment: NVIDIA has reportedly told cloud partners to generate at least 51% of sales from non-Chinese customers. The move responds to U.S. export rules but could constrain business with Chinese customers and complicate operations for some providers. Article: Nvidia Is Telling Cloud Clients to Sell at Least 51% to Non-Chinese Customers
• Negative Sentiment: Melius Research reportedly cut its price target, and shares slipped below their 200-day moving average—adding to near-term caution amid broader chip-sector weakness. Article: NVIDIA Stock Price Target Cut by Melius Research Article: NVIDIA Share Price Crosses Below 200 Day Moving Average Following Analyst Downgrade

NVIDIA Stock Performance

NASDAQ NVDA opened at $200.13 on Thursday. The company has a market capitalization of $4.82 trillion, a price-to-earnings ratio of 25.30, a PEG ratio of 1.59 and a beta of 2.21. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $243.37. The stock has a fifty day simple moving average of $221.19 and a 200 day simple moving average of $204.51.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.13. The company had revenue of $96.22 billion during 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%. NVIDIA's revenue for the quarter was up 105.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 earnings per share. Sell-side analysts expect that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA Announces Dividend

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

NVIDIA announced that its board has approved a share repurchase program on Monday, September 28th that authorizes the company to repurchase $150 billion in shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the sale, the chief financial officer owned 765,103 shares of the company's stock, valued at $167,595,812.15. This trade represents a 4.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of NVIDIA stock in a transaction 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 completion of the sale, the director owned 2,336,531 shares of the company's stock, valued at $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 three months, insiders sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is owned by corporate insiders.

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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