NVIDIA Corporation $NVDA Stake Lowered by Bell Asset Management Ltd

Key Points

• Bell Asset Management cut its NVIDIA stake by 28.8% in the third quarter, selling 50,379 shares and retaining 124,297 shares worth approximately $28.4 million. NVIDIA remains the fund’s largest holding, representing 10.5% of its portfolio.
• Institutional ownership remains substantial at 65.27%, with major investors including State Street, Amundi and Van ECK Associates increasing their positions, while other funds initiated new stakes.
• NVIDIA reported quarterly revenue of $96.22 billion and EPS of $2.22, beating analyst expectations, and approved a $150 billion share-repurchase plan. Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $321.47.

Bell Asset Management Ltd reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 28.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,297 shares of the computer hardware maker's stock after selling 50,379 shares during the period. NVIDIA comprises about 10.5% of Bell Asset Management Ltd's holdings, making the stock its largest position. Bell Asset Management Ltd's holdings in NVIDIA were worth $28,387,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Jupiter Topco LLC acquired a new stake in shares of NVIDIA in the second quarter worth $16,156,076,000. Van ECK Associates Corp boosted its stake in 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 purchasing an additional 19,522,304 shares during the period. State Street Corp grew its holdings 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 buying an additional 15,897,836 shares during the last quarter. Amundi grew its holdings in NVIDIA by 10.4% in the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock valued at $23,329,141,000 after buying an additional 12,575,177 shares during the last quarter. Finally, Nykredit A S acquired a new stake in NVIDIA in the 2nd quarter valued at approximately $2,315,956,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA News Roundup

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

NVIDIA Price Performance

NVIDIA stock opened at $204.64 on Friday. 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 cap of $4.93 trillion, a P/E ratio of 25.87, a P/E/G ratio of 1.64 and a beta of 2.22. The business's fifty day moving average is $221.74 and its two-hundred day moving average is $204.24. NVIDIA Corporation has a 52 week low of $164.27 and a 52 week high of $243.37.

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 for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $92.27 billion. During the same quarter last year, the company posted $1.05 EPS. The company's quarterly revenue was up 105.9% compared to the same quarter last year. Equities research analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

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

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis 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%.

Insider Buying and Selling

In related news, Director Mark Stevens sold 622,239 shares of the firm's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the transaction, the director owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy Teter sold 30,460 shares of the company's stock in a transaction 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 $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. 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 90 days, insiders sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NVDA. President Capital upped their price target on NVIDIA from $295.00 to $330.00 in a report on Thursday, August 27th. 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 objective on the stock. HSBC boosted their target price on shares of NVIDIA from $360.00 to $365.00 in a research report on Thursday, August 27th. JPMorgan Chase & Co. upped their target price on shares of NVIDIA from $280.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. Finally, Citigroup restated a "buy" rating and issued a $315.00 price target (up from $300.00) on shares of NVIDIA in a research report on Thursday, August 27th. Five research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $321.47.

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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