NVIDIA Corporation $NVDA Shares Bought by Fagan Associates Inc.

Key Points

• Fagan Associates increased its NVIDIA stake by 1.7% in the third quarter, adding 2,528 shares to reach 154,771 shares valued at about $35.3 million. NVIDIA represents 4.1% of the firm’s portfolio and is its fifth-largest holding.
• Institutional investors collectively own 65.27% of NVIDIA shares. The stock has a consensus “Buy” rating and an average analyst price target of $318.85, though recent headlines point to risks around revenue expectations, data-center approvals, and China-related restrictions.
• NVIDIA’s latest reported quarter beat estimates, with earnings of $2.22 per share and revenue of $96.22 billion, up 105.9% year over year. The company also authorized a $150 billion share-repurchase plan.

Fagan Associates Inc. raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154,771 shares of the computer hardware maker's stock after purchasing an additional 2,528 shares during the period. NVIDIA comprises approximately 4.1% of Fagan Associates Inc.'s holdings, making the stock its 5th largest holding. Fagan Associates Inc.'s holdings in NVIDIA were worth $35,347,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Montgomery Financial Services LLC bought a new position in NVIDIA during the 2nd quarter valued at $28,000. Langley Wealth Management LLC acquired a new position in NVIDIA during the 2nd quarter worth $34,000. Phillip James Consulting Co. bought a new stake in shares of NVIDIA in the 1st quarter worth about $40,000. Bard Associates Inc. increased its position in shares of NVIDIA by 8,866.7% in the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock worth $54,000 after purchasing an additional 266 shares during the last quarter. Finally, Frankly Finances LLC bought a new stake in shares of NVIDIA in the 2nd quarter worth about $60,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Underlying AI infrastructure demand remains a support: one report cited resilient demand and tight TSMC manufacturing capacity, while NVIDIA’s OpenShell integration with ModelOp adds another enterprise AI governance use case. Article: What Is Going On With Nvidia Stock on Wednesday? Article: ModelOp Unveils Industry-First Full-Stack AI Policy Enforcement With NVIDIA OpenShell
• Neutral Sentiment: NVIDIA’s reported guidance of $108 billion sets a high bar for upcoming revenue expectations, making the next results and outlook an important test of whether demand can continue to meet investor expectations. Article: Nvidia Stocks Decline 1.35% as $108 Billion Guide Sets the Next Revenue Hurdle
• Negative Sentiment: Democratic midterm victories sparked concerns that data-center projects could face slower approvals or higher costs, weighing on semiconductor shares even as broader markets rallied. Article: Why is Nvidia stock falling while broader markets rally on Democratic midterm win?
• Negative Sentiment: NVIDIA has reportedly told cloud partners to generate at least 51% of sales from non-Chinese customers. The move responds to U.S. export rules but could constrain business with Chinese customers and complicate operations for some providers. Article: Nvidia Is Telling Cloud Clients to Sell at Least 51% to Non-Chinese Customers
• Negative Sentiment: Melius Research reportedly cut its price target, and shares slipped below their 200-day moving average—adding to near-term caution amid broader chip-sector weakness. Article: NVIDIA Stock Price Target Cut by Melius Research Article: NVIDIA Share Price Crosses Below 200 Day Moving Average Following Analyst Downgrade

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. DZ Bank reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, August 26th. Yorkville Ives assumed coverage on NVIDIA in a report on Tuesday, October 6th. They issued an "outperform" rating and a $300.00 price objective for the company. Rothschild & Co Redburn boosted their price objective on NVIDIA from $300.00 to $325.00 in a report on Thursday, August 27th. Royal Bank Of Canada upped their price objective on NVIDIA from $300.00 to $330.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $390.00 target price on shares of NVIDIA in a report on Tuesday, September 29th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Buy" and a consensus target price of $318.85.

NVIDIA Trading Down 3.2%

NASDAQ NVDA opened at $200.13 on Thursday. NVIDIA Corporation has a one year low of $164.27 and a one year high of $243.37. The company has a 50-day simple moving average of $221.19 and a 200-day simple moving average of $204.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. The firm has a market capitalization of $4.82 trillion, a PE ratio of 29.95, a price-to-earnings-growth ratio of 1.59 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $96.22 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. On average, equities analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued 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 0.5%. NVIDIA's dividend payout ratio is 12.64%.

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

Insider Activity

In other news, EVP Timothy Teter sold 30,460 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. This represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 firm's stock in a transaction that occurred on 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 completion of 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 position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,766,118 shares of company stock valued at $399,450,353. 3.94% of the stock is currently owned by insiders.

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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