NVIDIA Corporation $NVDA Holdings Increased by Worth Asset Management LLC

Key Points

• Worth Asset Management increased its NVIDIA stake by 22.9% in the third quarter to 20,407 shares valued at approximately $4.66 million. Institutional investors collectively own 65.27% of NVIDIA’s stock.
• NVIDIA insiders sold roughly $399.5 million of shares over the past 90 days, including major sales by Director Mark A. Stevens and EVP Timothy S. Teter.
• NVIDIA reported quarterly revenue of $96.22 billion and EPS of $2.22, surpassing analyst estimates, while announcing a $150 billion share-repurchase authorization. Analysts maintain a consensus “Buy” rating with a $321.47 price target.

Worth Asset Management LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,407 shares of the computer hardware maker's stock after acquiring an additional 3,799 shares during the quarter. NVIDIA comprises about 1.4% of Worth Asset Management LLC's holdings, making the stock its 16th largest position. Worth Asset Management LLC's holdings in NVIDIA were worth $4,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Longview Financial Advisors Inc. purchased a new position in NVIDIA during the first quarter worth approximately $27,000. Montgomery Financial Services LLC purchased a new stake in shares of NVIDIA during the 2nd quarter valued at $28,000. Langley Wealth Management LLC purchased a new stake in shares of NVIDIA during the 2nd quarter valued at $34,000. Phillip James Consulting Co. purchased a new stake in shares of NVIDIA during the 1st quarter valued at $40,000. Finally, Bard Associates Inc. increased its holdings in shares of NVIDIA by 8,866.7% during the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock worth $54,000 after buying an additional 266 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Timothy S. Teter sold 30,460 shares of the business'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 directly owned 2,687,660 shares of the company's stock, valued at approximately $598,810,648. The trade was a 1.12% decrease in their ownership of the stock. The transaction 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, Director Mark A. Stevens sold 622,239 shares of the company'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 owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. This trade represents a 21.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,766,118 shares of company stock worth $399,450,353 in the last 90 days. 3.94% of the stock is owned by company insiders.

NVIDIA Trading Down 1.2%

Shares of NVDA opened at $215.38 on Thursday. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $243.37. The stock's 50-day moving average is $222.06 and its two-hundred day moving average is $204.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. The stock has a market cap of $5.19 trillion, a PE ratio of 27.23, a P/E/G ratio of 1.62 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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. The business had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The company's revenue for the quarter was up 105.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 earnings per share. Equities analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA announced 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 repurchase up to 2.8% of its stock through open market purchases. Share buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Zacks Research raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 21st. KGI Securities boosted their price target on NVIDIA from $335.00 to $345.00 in a research report on Thursday, August 27th. Rosenblatt Securities restated a "buy" rating and set a $390.00 price target on shares of NVIDIA in a research note on Tuesday, September 29th. Morgan Stanley set a $230.00 price target on NVIDIA in a research note on Friday, October 2nd. Finally, Truist Financial raised their price objective on NVIDIA from $307.00 to $346.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. Five research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Buy" and a consensus price target of $321.47.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA will invest $3 billion in Meta as the companies expand their partnership on Meta’s Muse AI models. Meta also plans to deploy more NVIDIA Vera Rubin systems, Vera CPUs, Spectrum-X networking, and BlueField-4 technology, reinforcing NVIDIA’s position as a core supplier for hyperscale AI infrastructure. Nvidia, Meta partner on Muse agent as Nvidia invests $3 billion
• Positive Sentiment: NVIDIA released Nemotron 3.5 Transcribe, an open-weight speech model supporting up to 40 languages, broadening its software and AI-model ecosystem beyond hardware. Nvidia releases new open transcription model
• Positive Sentiment: Investor commentary remains bullish on upcoming results, with expectations for triple-digit earnings growth and the possibility that NVIDIA could raise its existing growth outlook as supply constraints ease and major customers increase AI infrastructure spending. What to expect from NVIDIA’s next quarterly earnings report
• Neutral Sentiment: NVIDIA scheduled its third-quarter financial-results conference call for November 17. The event may become the next major catalyst, particularly for guidance on demand, supply, margins, and customer capital spending. NVIDIA sets conference call for third-quarter financial results
• Negative Sentiment: The U.S. Department of Justice is examining NVIDIA’s proposed $12.93 billion acquisition of Hugging Face, creating potential antitrust and deal-completion risk. US DOJ examines Nvidia’s Hugging Face acquisition
• Negative Sentiment: Google’s TPUs are gaining distribution through Oracle Cloud, while OpenAI is reportedly buying Google’s AI chips. Greater adoption of custom accelerators could pressure NVIDIA’s market share, pricing power, and dependence on hyperscaler spending. Google’s AI chip business is getting harder for Nvidia to ignore
• Negative Sentiment: Reported price increases from TSMC of 10%–20% for advanced packaging and 3%–6% for leading-edge wafers could raise NVIDIA’s production costs, although strong demand may allow some costs to be passed through. Taiwan Semiconductor flexes pricing power on AI’s frontline

About NVIDIA

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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