NVIDIA Corporation $NVDA Stake Raised by Forvis Mazars Wealth Advisors LLC

Key Points

• Forvis Mazars Wealth Advisors increased its NVIDIA stake by 1.7% in the third quarter, adding 4,390 shares to hold 260,039 shares valued at about $59.4 million.
• Analyst sentiment remains broadly positive: 53 analysts rated NVIDIA Buy or Strong Buy, with a consensus price target of $318.85.
• NVIDIA beat quarterly earnings and revenue estimates and authorized a $150 billion share-repurchase plan; meanwhile, insiders sold about $399 million in shares during the quarter.

Forvis Mazars Wealth Advisors LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,039 shares of the computer hardware maker's stock after buying an additional 4,390 shares during the quarter. NVIDIA accounts for 1.0% of Forvis Mazars Wealth Advisors LLC's portfolio, making the stock its 17th biggest holding. Forvis Mazars Wealth Advisors LLC's holdings in NVIDIA were worth $59,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Verus Wealth Management LLC boosted its stake in shares of NVIDIA by 281.0% in the 3rd quarter. Verus Wealth Management LLC now owns 26,636 shares of the computer hardware maker's stock valued at $6,083,000 after purchasing an additional 19,645 shares in the last quarter. Accel Wealth Management raised its stake in shares of NVIDIA by 0.9% during the third quarter. Accel Wealth Management now owns 33,356 shares of the computer hardware maker's stock worth $7,618,000 after buying an additional 307 shares during the last quarter. Catalyst Private Wealth LLC lifted its stake in shares of NVIDIA by 12.0% in the 3rd quarter. Catalyst Private Wealth LLC now owns 12,548 shares of the computer hardware maker's stock valued at $2,866,000 after purchasing an additional 1,347 shares during the period. Financial Planning Hawaii Inc. boosted its position in shares of NVIDIA by 7.9% in the 3rd quarter. Financial Planning Hawaii Inc. now owns 12,094 shares of the computer hardware maker's stock worth $2,762,000 after purchasing an additional 883 shares during the last quarter. Finally, Salvus Wealth Management LLC boosted its position in shares of NVIDIA by 0.9% in the 3rd quarter. Salvus Wealth Management LLC now owns 25,468 shares of the computer hardware maker's stock worth $5,816,000 after purchasing an additional 236 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on NVDA. DZ Bank reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, August 26th. Royal Bank Of Canada increased their price objective on shares of NVIDIA from $300.00 to $330.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. DA Davidson reiterated a "buy" rating and set a $300.00 price objective on shares of NVIDIA in a report on Thursday, August 27th. Truist Financial lifted their target price on NVIDIA from $307.00 to $346.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. Finally, Raymond James Financial set a $515.00 target price on shares of NVIDIA and gave the company a "strong-buy" rating in a research report on Thursday, August 27th. Five 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 stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Buy" and a consensus target price of $318.85.

Insider Activity

In related news, Director Mark Stevens sold 622,239 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the transaction, the director directly owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the sale, the chief financial officer owned 765,103 shares of the company's stock, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,766,118 shares of company stock worth $399,450,353 in the last quarter. 3.94% of the stock is owned by corporate insiders.

NVIDIA News Roundup

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

NVIDIA Stock Down 3.2%

Shares of NASDAQ NVDA opened at $200.13 on Thursday. NVIDIA Corporation has a 52 week low of $164.27 and a 52 week high of $243.37. The stock has a market capitalization of $4.82 trillion, a P/E ratio of 25.30, a PEG ratio of 1.59 and a beta of 2.21. 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 stock's fifty day moving average is $221.19 and its 200 day moving average is $204.51.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. NVIDIA's revenue was up 105.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. Sell-side analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend 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%.

NVIDIA announced that its Board of Directors has approved a share buyback plan on Monday, September 28th that permits the company to repurchase $150 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Share repurchase plans are generally 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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