NVIDIA Corporation $NVDA Shares Acquired by Balefire LLC

Key Points

• Balefire LLC increased its NVIDIA stake by 17.4% in the third quarter, bringing its holdings to 76,358 shares valued at approximately $17.4 million. Institutional investors and hedge funds collectively own 65.27% of NVIDIA.
• NVIDIA reported quarterly earnings and revenue above analyst expectations, with revenue rising 105.9% year over year and net margins reaching 63.66%. The company also authorized a $150 billion share-repurchase program.
• Analyst sentiment remains favorable, with the stock carrying an average “Buy” rating and a $321.47 consensus price target, although insiders sold roughly $399.5 million of shares over the past 90 days.

Balefire LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,358 shares of the computer hardware maker's stock after purchasing an additional 11,342 shares during the quarter. NVIDIA accounts for approximately 2.7% of Balefire LLC's investment portfolio, making the stock its 2nd biggest holding. Balefire LLC's holdings in NVIDIA were worth $17,439,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NVDA. Decker Wealth Management LLC boosted its stake in NVIDIA by 6.5% during the third quarter. Decker Wealth Management LLC now owns 33,956 shares of the computer hardware maker's stock valued at $7,755,000 after buying an additional 2,061 shares during the period. Bill Few Associates Inc. increased its holdings in NVIDIA by 0.5% during the 3rd quarter. Bill Few Associates Inc. now owns 94,006 shares of the computer hardware maker's stock worth $21,469,000 after purchasing an additional 486 shares during the period. Shulman DeMeo Asset Management LLC raised its stake in shares of NVIDIA by 5.0% in the third quarter. Shulman DeMeo Asset Management LLC now owns 2,205 shares of the computer hardware maker's stock worth $527,000 after purchasing an additional 104 shares during the last quarter. Thryve Wealth Management LLC increased its stake in NVIDIA by 2.9% during the 3rd quarter. Thryve Wealth Management LLC now owns 5,566 shares of the computer hardware maker's stock worth $1,271,000 after buying an additional 158 shares in the last quarter. Finally, Bullock Wealth Management Group lifted its stake in NVIDIA by 0.3% during the third quarter. Bullock Wealth Management Group now owns 60,995 shares of the computer hardware maker's stock worth $14,081,000 after purchasing an additional 171 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NVDA opened at $204.64 on Monday. The company has a market capitalization of $4.93 trillion, a PE ratio of 25.87, a PEG ratio of 1.57 and a beta of 2.21. The stock's 50-day moving average price is $221.74 and its two-hundred day moving average price is $204.24. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $243.37.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping 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%. NVIDIA's revenue was up 105.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. On average, analysts anticipate that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA announced that its board has approved a stock repurchase plan on Monday, September 28th that authorizes the company to repurchase $150 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to buy up to 2.8% of its stock through open market purchases. Share repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 622,239 shares of the business'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 sale, the director owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction that occurred 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 in the company, valued at approximately $598,810,648. The trade was 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 have sold 1,766,118 shares of company stock worth $399,450,353 over the last ninety days. Company insiders own 3.94% of the company's stock.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
• Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
• Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

Analysts Set New Price Targets

A number of brokerages have commented on NVDA. President Capital boosted their price objective on NVIDIA from $295.00 to $330.00 in a research note on Thursday, August 27th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research report on Friday, October 9th. Piper Sandler started coverage on shares of NVIDIA in a research note on Wednesday, September 9th. They issued an "overweight" rating and a $300.00 target price on the stock. Wall Street Zen downgraded shares of NVIDIA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 24th. Finally, HSBC boosted their target price on NVIDIA from $360.00 to $365.00 in a research note on Thursday, August 27th. Five analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $321.47.

NVIDIA Profile

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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