NVIDIA Corporation $NVDA Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak cut its NVIDIA stake by 83.9% in the third quarter, selling 29,666 shares and retaining 5,680 shares worth about $1.3 million.
• Institutional investors’ moves were mixed: several large funds increased or initiated holdings, and institutions and hedge funds collectively owned 65.27% of NVIDIA shares.
• NVIDIA shares rose 2.8% on Friday to $186.64. The company’s latest reported quarterly results beat analyst estimates for earnings and revenue.

Thurston Springer Miller Herd & Titak Inc. reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 83.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,680 shares of the computer hardware maker's stock after selling 29,666 shares during the period. NVIDIA accounts for about 2.1% of Thurston Springer Miller Herd & Titak Inc.'s portfolio, making the stock its 4th largest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in NVIDIA were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Jupiter Topco LLC purchased a new position in shares of NVIDIA during the 2nd quarter worth $16,156,076,000. Van ECK Associates Corp boosted its position in shares of NVIDIA by 34.7% during the 2nd quarter. Van ECK Associates Corp now owns 75,849,721 shares of the computer hardware maker's stock valued at $15,176,771,000 after acquiring an additional 19,522,304 shares during the last quarter. State Street Corp boosted its position in shares of NVIDIA by 1.6% during 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 acquiring an additional 15,897,836 shares during the last quarter. Amundi grew its holdings in shares of NVIDIA by 10.4% in the first quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock valued at $23,329,141,000 after purchasing an additional 12,575,177 shares during the period. Finally, Nykredit A S purchased a new stake in shares of NVIDIA in the second quarter valued at about $2,315,956,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Some investors see the decline as a buying opportunity, citing NVIDIA’s strong AI-chip position and profitability. ARK Invest also reportedly added $45.9 million of NVDA shares during the sell-off. Nvidia Stock Rises on Dip-Buying: 3 Reasons to Be Optimistic
• Positive Sentiment: CEO Jensen Huang says the next-generation Vera Rubin platform could generate more revenue per gigawatt of data-center capacity than the current platform, supporting the case for continued growth. Jensen Huang Says Nvidia's Next-Gen Vera Rubin Chips Will Generate $40 Billion in Revenue per Gigawatt
• Neutral Sentiment: NVIDIA’s upcoming Nov. 17 results are a key near-term catalyst: investors will look for evidence that demand and guidance can ease fears about AI spending and justify the stock’s recovery. Nvidia Investors Need to Be Paying Attention on Nov. 17
• Negative Sentiment: The rebound follows a steep sell-off that wiped roughly $450 billion from NVIDIA’s market value. Investors are worried that a Democratic-led Congress, data-center permitting or regulatory hurdles, high capital costs, and uncertain returns could delay infrastructure projects and weaken future chip demand. AI stocks hammered by midterm shock as data center buildout becomes a 'war of attrition'
• Negative Sentiment: Reports that NVIDIA may be taking on greater exposure to financially strained “neocloud” customers raise concern that it could face risks beyond selling chips if those providers struggle to fund data centers. As neoclouds face a financial reckoning, Nvidia has to decide how far to go to help

NVIDIA Trading Up 2.8%

NASDAQ:NVDA traded up $5.04 on Friday, reaching $186.64. 179,613,679 shares of the company's stock were exchanged, compared to its average volume of 100,673,888. The firm has a market capitalization of $4.50 trillion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.55 and a beta of 2.21. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week 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. The business has a fifty day moving average of $219.80 and a 200-day moving average of $204.53.

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

NVIDIA declared that its board has approved a stock buyback program on Monday, September 28th that authorizes the company to repurchase $150 billion in shares. This buyback authorization authorizes the computer hardware maker to repurchase up to 2.8% of its stock through open market purchases. Share buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were issued a dividend of $0.25 per share. The ex-dividend date 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 12.64%.

Insiders Place Their Bets

In other NVIDIA news, 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 completion of the transaction, the executive vice president owned 2,687,660 shares of the company's stock, valued at $598,810,648. This trade represents a 1.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the business's stock in a transaction on Thursday, September 17th. The stock was 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 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. Insiders have sold a total of 1,766,118 shares of company stock worth $399,450,353 in the last ninety days. 3.94% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NVDA shares. Zacks Research upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Monday, September 21st. Jefferies Financial Group restated a "buy" rating on shares of NVIDIA in a report on Wednesday, August 26th. KeyCorp reaffirmed an "overweight" rating and set a $330.00 price target on shares of NVIDIA in a research report on Monday, August 24th. Benchmark reaffirmed a "buy" rating and set a $335.00 price target on shares of NVIDIA in a research report on Thursday, August 27th. Finally, BMO Capital Markets set a $340.00 price objective on NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 20th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Buy" and a consensus price target of $318.85.

NVIDIA Company Profile

NVIDIA Corporation develops graphics processing units (GPUs), accelerated computing platforms and related software. Founded in 1993, the company first became widely known for GPUs used in PC gaming and professional graphics. Its technology now also supports artificial intelligence, scientific computing and other data-intensive applications.

NVIDIA's offerings include GeForce products for gaming, data-center GPUs and systems for AI workloads, and networking products that connect computing infrastructure.

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