NVIDIA Corporation $NVDA Holdings Decreased by Three Magnolias Financial Advisors LLC

Key Points

• Three Magnolias Financial Advisors cut its NVIDIA stake by 27.1% in the third quarter, selling 6,946 shares and retaining 18,729 shares valued at about $4.28 million.
• Institutional investors and hedge funds collectively own 65.27% of NVIDIA; several firms increased their holdings during the quarter.
• NVIDIA reported quarterly earnings of $2.22 per share, beating estimates, while revenue rose 105.9% year over year to $96.22 billion. The board also authorized a $150 billion share-repurchase program.

Three Magnolias Financial Advisors LLC lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 27.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,729 shares of the computer hardware maker's stock after selling 6,946 shares during the period. NVIDIA accounts for 2.5% of Three Magnolias Financial Advisors LLC's holdings, making the stock its 14th biggest holding. Three Magnolias Financial Advisors LLC's holdings in NVIDIA were worth $4,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NVDA. N10 Wealth LLC boosted its position in NVIDIA by 29.0% during the third quarter. N10 Wealth LLC now owns 124,940 shares of the computer hardware maker's stock valued at $28,534,000 after acquiring an additional 28,074 shares during the last quarter. Seelaus Asset Management LLC grew its holdings in NVIDIA by 9.9% during the 3rd quarter. Seelaus Asset Management LLC now owns 13,406 shares of the computer hardware maker's stock worth $3,062,000 after acquiring an additional 1,204 shares during the period. ABLE Financial Group LLC grew its holdings in NVIDIA by 7.4% during the 3rd quarter. ABLE Financial Group LLC now owns 53,365 shares of the computer hardware maker's stock worth $12,187,000 after acquiring an additional 3,689 shares during the period. Aspen Wealth Management LLC grew its holdings in NVIDIA by 43.1% during the 3rd quarter. Aspen Wealth Management LLC now owns 8,778 shares of the computer hardware maker's stock worth $2,007,000 after acquiring an additional 2,645 shares during the period. Finally, Shore Point Advisors LLC raised its position in shares of NVIDIA by 32.4% in the 3rd quarter. Shore Point Advisors LLC now owns 1,629 shares of the computer hardware maker's stock worth $372,000 after acquiring an additional 399 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Up 2.8%

NVDA stock traded up $5.04 during trading on Friday, reaching $186.64. 179,613,679 shares of the stock were exchanged, compared to its average volume of 100,673,888. The firm's 50 day moving average is $219.80 and its 200 day moving average is $204.53. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $243.37. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The firm has a market cap of $4.50 trillion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.55 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 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 firm had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The company's revenue for the quarter was up 105.9% compared to the same quarter last year. As a group, research analysts forecast that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is currently 12.64%.

NVIDIA announced that its board has approved a stock repurchase program on Monday, September 28th that allows the company to repurchase $150 billion in shares. This buyback authorization allows the computer hardware maker to buy 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 stock is undervalued.

NVIDIA News Summary

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVDA. The Goldman Sachs Group reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, October 21st. KGI Securities raised their target price on NVIDIA from $335.00 to $345.00 in a research note on Thursday, August 27th. Stifel Nicolaus set a $315.00 target price on NVIDIA in a report on Thursday, August 27th. Royal Bank Of Canada boosted their price target on NVIDIA from $300.00 to $330.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Finally, JPMorgan Chase & Co. increased their price target on NVIDIA from $280.00 to $320.00 and gave the stock an "overweight" rating in a report on Thursday, August 27th. Five research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $318.85.

Insider Buying and Selling

In other NVIDIA news, EVP Timothy S. Teter sold 30,460 shares of the company's stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares in the company, valued at approximately $598,810,648. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of the firm's 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 transaction, the director directly owned 2,336,531 shares in the company, valued at $541,187,310.22. This trade represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,766,118 shares of company stock worth $399,450,353 in the last ninety days. Corporate insiders own 3.94% of the company's stock.

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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