Navellier & Associates Inc. Acquires 9,245 Shares of NVIDIA Corporation $NVDA

Key Points

• Navellier & Associates increased its NVIDIA stake by 1.5%, buying 9,245 shares to hold 606,399 shares valued at approximately $121.3 million. NVIDIA represents about 9.6% of the fund’s portfolio and is its largest holding.
• Analyst sentiment remains strongly positive, with five “Strong Buy” ratings, 49 “Buy” ratings and one “Hold” rating; the consensus rating is “Buy” with an average price target of $321.89.
• NVIDIA reported a quarterly earnings and revenue beat, while announcing a $150 billion share-buyback authorization. However, insiders sold $399.5 million of stock during the quarter, and investors continue to monitor competition, China market-share losses and AI-chip pricing pressure.

Navellier & Associates Inc. grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 606,399 shares of the computer hardware maker's stock after buying an additional 9,245 shares during the period. NVIDIA accounts for about 9.6% of Navellier & Associates Inc.'s portfolio, making the stock its biggest holding. Navellier & Associates Inc.'s holdings in NVIDIA were worth $121,334,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Lifetime Wealth Management P.C. acquired a new stake in NVIDIA during the 4th quarter valued at $26,000. Longview Financial Advisors Inc. bought a new position in NVIDIA during the first quarter worth $27,000. Phillip James Consulting Co. bought a new position in NVIDIA during the first quarter worth $40,000. Bard Associates Inc. increased its holdings in shares of NVIDIA by 8,866.7% in the second quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock valued at $54,000 after purchasing an additional 266 shares during the last quarter. Finally, Frankly Finances LLC acquired a new position in shares of NVIDIA in the second quarter valued at $60,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVDA. Weiss Ratings reissued a "buy (b)" rating on shares of NVIDIA in a research report on Friday, October 2nd. Benchmark restated a "buy" rating and set a $335.00 target price on shares of NVIDIA in a research note on Thursday, August 27th. Daiwa Securities Group reduced their target price 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. Truist Financial upped their price target on shares of NVIDIA from $307.00 to $346.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Finally, Stifel Nicolaus set a $315.00 price target on shares of NVIDIA in a research note on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $321.89.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 34,918 shares of the 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 transaction, the chief financial officer 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 document filed with the SEC, which is available at 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 that occurred on Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at $598,810,648. This 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. Insiders sold 1,766,118 shares of company stock worth $399,450,353 in the last quarter. 3.94% of the stock is currently owned by corporate insiders.

NVIDIA Stock Down 3.2%

NVDA opened at $221.30 on Thursday. 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 company has a market capitalization of $5.33 trillion, a P/E ratio of 27.98, a P/E/G ratio of 1.77 and a beta of 2.22. The stock has a fifty day moving average of $223.43 and a 200-day moving average of $210.73.

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 net margin of 63.66% and a return on equity of 96.04%. The company had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. NVIDIA's quarterly revenue was up 105.9% on a year-over-year basis. On average, equities analysts expect that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA Dividend Announcement

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

NVIDIA announced that its Board of Directors has initiated a share buyback program on Monday, September 28th that authorizes the company to buy back $150.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Share buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA announced a five-year, $250 million compute commitment to support U.K. AI safety and security research. The initiative strengthens NVIDIA’s relationships with governments, universities and AI developers while promoting its hardware and software ecosystem. NVIDIA pledges $250 million to boost UK AI safety research
• Positive Sentiment: New ecosystem announcements highlighted continued demand for NVIDIA technology. LSEG is using NVIDIA GPUs to accelerate historical market-data processing, while NVIDIA introduced tools including cuPotential for molecular simulation and expanded collaborations in AI-defined chip manufacturing. LSEG teams up with NVIDIA for faster market data processing
• Positive Sentiment: State Street launched a sector ETF designed to give NVIDIA a 20.93% allocation, above the 15.41% weighting in its comparable fund, potentially creating incremental demand for NVDA shares. New State Street Sector ETFs Give Biggest Stocks Full Weight
• Neutral Sentiment: CEO Jensen Huang said NVIDIA would stop supplying chips to customers developing unsafe AI systems. The stance may improve regulatory and reputational positioning, although broader AI-safety concerns could increase scrutiny of the company and industry. Nvidia, Anthropic Weigh In On AI Safeguards
• Negative Sentiment: Investors are assessing competitive threats from Microsoft’s Maia 300 architecture and Intel’s lower-cost, air-cooled Crescent Island inference GPU. Custom accelerators and cheaper inference solutions could pressure NVIDIA’s pricing, growth assumptions and market share over time. Microsoft Just Unveiled a Brand-New AI Chip
• Negative Sentiment: IDC reportedly estimates NVIDIA’s China AI-chip market share has fallen to 34% as Huawei gains ground, underscoring export restrictions and rising local competition. Separately, investor Michael Burry is betting against chip stocks, reinforcing valuation and AI-spending concerns. NVIDIA’s China AI chip market share falls to 34%

About NVIDIA

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company's products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

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