NVIDIA Corporation $NVDA Shares Acquired by Galvin Gaustad & Stein LLC

Key Points

• Galvin Gaustad & Stein LLC increased its NVIDIA stake by 15.5% in the third quarter, adding 24,779 shares to own 184,776 shares valued at approximately $42.2 million.
• Institutional investors own 65.27% of NVIDIA, with major holders including State Street, Bank of America, Amundi, Dimensional Fund Advisors and Deutsche Bank also raising their positions.
• Analysts maintain a broadly bullish view, with a consensus “Buy” rating and average price target of $321.47; NVIDIA also reported earnings and revenue above estimates and approved a $150 billion share-repurchase plan.

Galvin Gaustad & Stein LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 184,776 shares of the computer hardware maker's stock after purchasing an additional 24,779 shares during the period. NVIDIA makes up 3.2% of Galvin Gaustad & Stein LLC's holdings, making the stock its 4th biggest holding. Galvin Gaustad & Stein LLC's holdings in NVIDIA were worth $42,199,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp raised its position in NVIDIA by 1.6% in the 2nd quarter. State Street Corp now owns 1,009,783,437 shares of the computer hardware maker's stock valued at $202,047,568,000 after purchasing an additional 15,897,836 shares in the last quarter. Bank of America Corp DE increased its position in NVIDIA by 2.2% in the 2nd quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker's stock valued at $39,090,956,000 after acquiring an additional 4,165,875 shares during the period. Amundi raised its stake in shares of NVIDIA by 10.4% during the first 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 during the last quarter. Dimensional Fund Advisors LP lifted 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 worth $16,479,126,000 after acquiring an additional 555,221 shares during the period. Finally, Deutsche Bank AG boosted its holdings in 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 purchasing an additional 2,045,101 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NVDA has been the subject of a number of research analyst reports. Mizuho set a $315.00 target price on shares of NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 27th. China Renaissance boosted their price objective on shares of NVIDIA from $319.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, August 31st. Oppenheimer set a $315.00 price objective on NVIDIA and gave the company an "outperform" rating in a research report on Thursday, August 27th. President Capital lifted their target price on NVIDIA from $295.00 to $330.00 in a research report on Thursday, August 27th. Finally, TD Cowen reaffirmed a "buy" rating on shares of NVIDIA in a report on Tuesday, August 18th. Five analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $321.47.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $204.64 on Friday. The business has a fifty day simple moving average of $221.74 and a 200 day simple moving average of $204.24. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $243.37. The firm has a market cap of $4.93 trillion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 1.64 and a beta of 2.22. 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 (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company's revenue for the quarter was up 105.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. As a group, sell-side analysts predict that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business 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. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA's dividend payout ratio is presently 12.64%.

NVIDIA announced that its Board of Directors has approved a stock buyback plan on Monday, September 28th that permits the company to buy back $150 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Key NVIDIA News

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

Insider Buying and Selling

In other news, CFO Colette Kress sold 34,918 shares of the business's stock in a transaction dated 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 approximately $167,595,812.15. The trade was a 4.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 dated Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the sale, the director directly owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have 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 company insiders.

NVIDIA Company 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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