NVIDIA Corporation $NVDA Shares Acquired by North Point Portfolio Managers Corp OH

Key Points

• North Point Portfolio Managers increased its NVIDIA stake by 1,674% in the third quarter, bringing its holdings to 22,211 shares valued at approximately $5.08 million. Institutional investors and hedge funds collectively own 65.27% of NVIDIA.
• Analysts remain broadly bullish, with an average rating of “Buy” and a consensus price target of $321.47. NVIDIA recently exceeded quarterly earnings and revenue expectations, reporting 105.9% year-over-year revenue growth.
• NVIDIA approved a $150 billion share-repurchase plan, but faces potential risks from DOJ scrutiny of its Hugging Face acquisition, rising TSMC production costs and increasing competition from Google’s custom AI chips.

North Point Portfolio Managers Corp OH boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1,674.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,211 shares of the computer hardware maker's stock after purchasing an additional 20,959 shares during the quarter. North Point Portfolio Managers Corp OH's holdings in NVIDIA were worth $5,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MRA Advisory Group raised its position in shares of NVIDIA by 144.2% in the third quarter. MRA Advisory Group now owns 26,409 shares of the computer hardware maker's stock valued at $6,031,000 after purchasing an additional 15,594 shares during the period. Kwmg LLC lifted its stake in shares of NVIDIA by 52.1% during the 3rd quarter. Kwmg LLC now owns 20,260 shares of the computer hardware maker's stock worth $4,627,000 after buying an additional 6,940 shares during the last quarter. PFW Advisors LLC lifted its stake in shares of NVIDIA by 2.1% during the 3rd quarter. PFW Advisors LLC now owns 22,855 shares of the computer hardware maker's stock worth $5,220,000 after buying an additional 480 shares during the last quarter. Lake Hills Wealth Management LLC boosted its holdings in shares of NVIDIA by 2.7% during the 3rd quarter. Lake Hills Wealth Management LLC now owns 7,625 shares of the computer hardware maker's stock worth $1,741,000 after buying an additional 200 shares during the period. Finally, McAlister Sweet & Associates Inc. boosted its holdings in shares of NVIDIA by 2.4% during the 3rd quarter. McAlister Sweet & Associates Inc. now owns 4,282 shares of the computer hardware maker's stock worth $978,000 after buying an additional 100 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. 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 price target on the stock. Morgan Stanley set a $230.00 price objective on shares of NVIDIA in a research report on Friday, October 2nd. BNP Paribas Exane restated an "outperform" rating and set a $345.00 price objective on shares of NVIDIA in a report on Monday, October 5th. Melius Research set a $420.00 price objective on NVIDIA in a report on Thursday, August 27th. Finally, TD Cowen reaffirmed a "buy" rating on shares of NVIDIA in a research report on Tuesday, August 18th. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Buy" and a consensus target price of $321.47.

Key NVIDIA News

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

NVIDIA Stock Down 1.2%

Shares of NASDAQ NVDA opened at $215.38 on Thursday. The stock has a 50-day moving average price of $222.06 and a two-hundred day moving average price of $204.00. The company 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. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $243.37. 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 earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. During the same quarter last year, the business posted $1.05 earnings per share. The company's quarterly revenue was up 105.9% on a year-over-year basis. As a group, analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors 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 (DPR) is 12.64%.

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

Insider Activity

In other news, EVP Timothy Teter sold 30,460 shares of NVIDIA 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 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 sale was disclosed in a document filed 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 Stevens sold 622,239 shares of the business's 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 completion of the sale, the director directly owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,766,118 shares of company stock valued at $399,450,353. Insiders own 3.94% of the company's stock.

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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