NVIDIA Corporation $NVDA Position Boosted by Kintegral Advisory LLC

Key Points

• Kintegral Advisory increased its NVIDIA stake by 0.6% in the third quarter to 577,559 shares, valued at about $132 million; NVIDIA is the firm’s largest holding and represents 9.5% of its portfolio.
• NVIDIA insiders sold about 1.77 million shares worth roughly $399 million over 90 days. Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $283.63, despite some recent downgrades and target cuts.
• NVIDIA’s latest quarterly results beat estimates, with revenue up 105.9% year over year. The company also authorized a $150 billion share repurchase program.

Kintegral Advisory LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 577,559 shares of the computer hardware maker's stock after buying an additional 3,264 shares during the quarter. NVIDIA comprises approximately 9.5% of Kintegral Advisory LLC's investment portfolio, making the stock its largest holding. Kintegral Advisory LLC's holdings in NVIDIA were worth $132,047,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp grew its holdings in NVIDIA by 1.6% in the second quarter. State Street Corp now owns 1,009,783,437 shares of the computer hardware maker's stock worth $202,047,568,000 after purchasing an additional 15,897,836 shares during the period. Bank of America Corp DE boosted its position in shares of NVIDIA by 2.2% during the 2nd quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker's stock worth $39,090,956,000 after purchasing an additional 4,165,875 shares in the last quarter. Amundi boosted its position 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 purchasing an additional 12,575,177 shares in the last quarter. Deutsche Bank AG grew its stake in shares of NVIDIA by 2.3% in the 2nd quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker's stock valued at $18,399,108,000 after buying an additional 2,045,101 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of NVIDIA by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker's stock valued at $16,479,126,000 after buying an additional 555,221 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In other NVIDIA news, EVP Timothy S. Teter sold 30,460 shares of the firm's stock in a transaction 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 approximately $598,810,648. This trade represents a 1.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the transaction, the director directly owned 2,336,531 shares in the company, valued at $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NVDA. Cantor Fitzgerald dropped their price target on NVIDIA from $350.00 to $250.00 and set an "overweight" rating on the stock in a research note on Thursday. Rothschild & Co Redburn raised their price objective on NVIDIA from $300.00 to $325.00 in a research note on Thursday, August 27th. Piper Sandler initiated coverage on NVIDIA in a report on Wednesday, September 9th. They set an "overweight" rating and a $300.00 price objective for the company. Jefferies Financial Group initiated coverage on NVIDIA in a research report on Wednesday. They set a "hold" rating on the stock. Finally, Melius Research cut NVIDIA from a "buy" rating to a "hold" rating and cut their target price for the stock from $315.00 to $185.00 in a report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $283.63.

NVIDIA News Summary

These are some of the NVDA news items that stood out recently:

• Positive Sentiment: Some investors see the selloff as an opportunity: retail traders reportedly bought about $111 million of NVDA in the first 30 minutes of trading. Bullish commentary points to NVIDIA’s established AI business and continuing infrastructure demand. Article: Huang Exit Fuels Nvidia Bulls
• Neutral Sentiment: Kress’s experience as CFO and the board’s assurance that customer commitments and the product roadmap will continue provide some operational continuity, though she is serving only on an interim basis. NVIDIA’s fiscal Q3 report on Nov. 17 is the next key test for demand, guidance and confidence in the transition. Article: Colette Kress named interim CEO
• Negative Sentiment: Huang’s departure raises key-person and succession concerns after 33 years at the helm. The surrounding allegations and scrutiny—including questions about possible chip diversion to China—could invite tighter export controls and damage investor confidence; these claims remain under investigation and are not established findings. Article: Jensen Huang steps down

NVIDIA Price Performance

NVDA stock opened at $166.19 on Friday. The company has a market capitalization of $4.01 trillion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 1.34 and a beta of 2.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. NVIDIA Corporation has a 52-week low of $148.80 and a 52-week high of $243.37. The business has a 50-day simple moving average of $215.96 and a two-hundred day simple moving average of $204.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The company's quarterly revenue was up 105.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 earnings per share. Research analysts expect that NVIDIA Corporation will post 9.29 EPS for the current fiscal year.

NVIDIA declared that its board has authorized a stock repurchase program on Monday, September 28th that permits the company to buy back $150 billion in shares. This buyback authorization permits the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. NVIDIA's payout ratio is presently 12.64%.

NVIDIA 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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