HBW Advisory Services LLC Purchases 55,569 Shares of NVIDIA Corporation $NVDA

Key Points

• HBW Advisory Services opened a new NVIDIA position, buying 55,569 shares valued at about $12.7 million; the stock represents roughly 1.2% of its portfolio.
• Other institutional investors also added to or initiated NVIDIA holdings, and institutions collectively own 65.27% of the company’s shares.
• NVIDIA recently reported revenue growth of 105.9% year over year and authorized a $150 billion buyback, while investors are watching upcoming results amid concerns about data-center spending and project risks.

HBW Advisory Services LLC purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 55,569 shares of the computer hardware maker's stock, valued at approximately $12,691,000. NVIDIA comprises approximately 1.2% of HBW Advisory Services LLC's portfolio, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jupiter Topco LLC acquired a new position in NVIDIA in the 2nd quarter valued at about $16,156,076,000. Van ECK Associates Corp grew its stake in shares of NVIDIA by 34.7% in the 2nd quarter. Van ECK Associates Corp now owns 75,849,721 shares of the computer hardware maker's stock valued at $15,176,771,000 after buying an additional 19,522,304 shares during the period. State Street Corp grew its stake in shares of NVIDIA by 1.6% in the 2nd quarter. State Street Corp now owns 1,009,783,437 shares of the computer hardware maker's stock valued at $202,047,568,000 after buying an additional 15,897,836 shares during the period. Amundi increased its holdings in shares of NVIDIA by 10.4% during the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock worth $23,329,141,000 after buying an additional 12,575,177 shares during the last quarter. Finally, Nykredit A S acquired a new stake in shares of NVIDIA during the 2nd quarter worth approximately $2,315,956,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Key Headlines Impacting NVIDIA

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 Activity at NVIDIA

In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of the business's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the sale, the executive vice president owned 2,687,660 shares of the company's stock, valued at $598,810,648. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the company's stock in a transaction on 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 owned 765,103 shares in the company, valued at $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,766,118 shares of company stock worth $399,450,353. Insiders own 3.94% of the company's stock.

NVIDIA Price Performance

Shares of NVDA opened at $186.64 on Monday. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37. The stock has a market cap of $4.50 trillion, a PE ratio of 23.60, a P/E/G ratio of 1.43 and a beta of 2.21. The firm has a 50-day simple moving average of $219.80 and a two-hundred day simple moving average of $204.53. 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 released its quarterly 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 net margin of 63.66% and a return on equity of 96.04%. The business had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same period in the previous year, the firm earned $1.05 EPS. The business's revenue was up 105.9% on a year-over-year basis. As a group, analysts forecast that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA declared that its board has initiated a stock buyback program on Monday, September 28th that permits the company to buy back $150 billion in outstanding shares. This buyback authorization permits the computer hardware maker to buy up to 2.8% of its stock through open market purchases. Share buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Mizuho set a $315.00 price target on shares of NVIDIA and gave the company an "outperform" rating in a research report on Thursday, August 27th. KGI Securities increased their price objective on NVIDIA from $335.00 to $345.00 in a research report on Thursday, August 27th. Needham & Company LLC reissued a "buy" rating and set a $300.00 target price on shares of NVIDIA in a research note on Wednesday, October 21st. Yorkville Ives started 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, Melius Research reduced their target price on NVIDIA from $420.00 to $315.00 and set a "buy" rating on the stock in a research report on Monday, November 2nd. Five analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, NVIDIA presently has an average rating of "Buy" and an average target price of $318.85.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.