NVIDIA Corporation $NVDA Shares Acquired by Kwmg LLC

Key Points

• Kwmg LLC increased its NVIDIA position by 52.1% in the third quarter, bringing its holdings to 20,260 shares valued at approximately $4.63 million. Institutional investors collectively own 65.27% of the company.
• Analysts remain bullish, with NVIDIA receiving an overall “Buy” rating and an average price target of $321.47; recent targets range from $300 to $345.
• NVIDIA reported quarterly revenue of $96.22 billion, up 105.9% year over year, and authorized a $150 billion share-repurchase plan. Key risks include DOJ scrutiny of its Hugging Face acquisition, growing competition from Google’s TPUs, and higher TSMC production costs.

Kwmg LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 52.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,260 shares of the computer hardware maker's stock after acquiring an additional 6,940 shares during the quarter. Kwmg LLC's holdings in NVIDIA were worth $4,627,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NVDA. Retirement Wealth Solutions LLC increased its holdings in NVIDIA by 1.2% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 4,121 shares of the computer hardware maker's stock valued at $825,000 after purchasing an additional 47 shares during the period. LightSquare Wealth Management LLC lifted its holdings in NVIDIA by 0.3% in the 2nd quarter. LightSquare Wealth Management LLC now owns 18,695 shares of the computer hardware maker's stock worth $3,741,000 after buying an additional 49 shares during the period. Defender Capital LLC. lifted its holdings in NVIDIA by 0.7% in the 2nd quarter. Defender Capital LLC. now owns 7,534 shares of the computer hardware maker's stock worth $1,507,000 after buying an additional 50 shares during the period. Kooman & Associates grew its position in shares of NVIDIA by 0.6% in the 2nd quarter. Kooman & Associates now owns 8,464 shares of the computer hardware maker's stock worth $1,694,000 after buying an additional 50 shares during the last quarter. Finally, Roof Eidam Maycock Peralta LLC grew its position in shares of NVIDIA by 0.3% in the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 18,827 shares of the computer hardware maker's stock worth $3,767,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on NVIDIA from $280.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. Piper Sandler initiated coverage on NVIDIA in a research note on Wednesday, September 9th. They issued an "overweight" rating and a $300.00 price target for the company. Benchmark reiterated a "buy" rating and issued a $335.00 price target on shares of NVIDIA in a report on Thursday, August 27th. DZ Bank reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday, August 26th. Finally, Wedbush upped their price objective on shares of NVIDIA from $330.00 to $345.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $321.47.

NVIDIA News Roundup

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

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 765,103 shares of the company's stock, valued at approximately $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy Teter sold 30,460 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value 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. This trade represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NVDA stock opened at $215.38 on Thursday. The stock has a market cap of $5.19 trillion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.62 and a beta of 2.22. The business's fifty day moving average is $222.06 and its 200 day moving average is $204.00. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $243.37. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) 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 the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The firm's quarterly revenue was up 105.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 earnings per share. Research analysts expect that NVIDIA Corporation will post 9.30 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

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

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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