NVIDIA Corporation $NVDA Stake Trimmed by Avity Investment Management Inc.

Key Points

• Avity Investment Management trimmed its NVIDIA stake by 4.4% in the third quarter, selling 13,067 shares and retaining 281,538 shares worth approximately $64.3 million. NVIDIA remains 3.9% of Avity’s portfolio and its eighth-largest holding.
• Institutional ownership remains high at 65.27%, while NVIDIA insiders sold 1.77 million shares valued at roughly $399.5 million over the past 90 days.
• Analyst sentiment remains bullish, with the stock carrying a consensus “Buy” rating and an average price target of $321.47. NVIDIA also reported quarterly revenue growth of 105.9% year over year and authorized a $150 billion share-buyback program.

Avity Investment Management Inc. cut its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 281,538 shares of the computer hardware maker's stock after selling 13,067 shares during the quarter. NVIDIA comprises 3.9% of Avity Investment Management Inc.'s holdings, making the stock its 8th largest position. Avity Investment Management Inc.'s holdings in NVIDIA were worth $64,298,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NVDA. Bullock Wealth Management Group increased its stake in NVIDIA by 0.3% during the third quarter. Bullock Wealth Management Group now owns 60,995 shares of the computer hardware maker's stock worth $14,081,000 after acquiring an additional 171 shares during the last quarter. Riversedge Advisors LLC purchased a new position in NVIDIA in the 3rd quarter worth about $10,252,000. Wedmont Private Capital increased its position in NVIDIA by 25.8% in the 3rd quarter. Wedmont Private Capital now owns 626,367 shares of the computer hardware maker's stock worth $144,365,000 after purchasing an additional 128,477 shares during the last quarter. Intelligence Driven Advisers LLC lifted its stake in shares of NVIDIA by 7.6% in the third quarter. Intelligence Driven Advisers LLC now owns 19,978 shares of the computer hardware maker's stock worth $4,563,000 after buying an additional 1,403 shares during the last quarter. Finally, Gouws Capital LLC boosted its stake in NVIDIA by 11.4% during the third quarter. Gouws Capital LLC now owns 20,350 shares of the computer hardware maker's stock worth $4,648,000 after buying an additional 2,085 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director Mark Stevens sold 622,239 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 2,336,531 shares in the company, valued at $541,187,310.22. This trade represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Teter sold 30,460 shares of the stock in a transaction 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 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 SEC filing for this sale provides additional information. 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 valued at $399,450,353 in the last 90 days. 3.94% of the stock is currently owned by corporate insiders.

Key Headlines Impacting NVIDIA

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NVDA shares. DA Davidson reissued a "buy" rating and set a $300.00 price objective on shares of NVIDIA in a research report on Thursday, August 27th. Wedbush boosted their price objective on NVIDIA from $330.00 to $345.00 and gave the company an "outperform" rating in a research report on Thursday, August 27th. Raymond James Financial set a $515.00 target price on NVIDIA and gave the company a "strong-buy" rating in a research note on Thursday, August 27th. Rosenblatt Securities restated a "buy" rating and issued a $390.00 price target on shares of NVIDIA in a research note on Tuesday, September 29th. Finally, China Renaissance upped their price objective on NVIDIA from $319.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, August 31st. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Buy" and an average target price of $321.47.

NVIDIA Stock Performance

Shares of NVDA stock opened at $204.64 on Monday. The stock has a market cap of $4.93 trillion, a PE ratio of 25.87, a P/E/G ratio of 1.57 and a beta of 2.21. The stock has a fifty day moving average price of $221.74 and a 200 day moving average price of $204.24. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $243.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59.

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 the consensus estimate of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The firm had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. During the same period in the previous year, the company earned $1.05 earnings per share. NVIDIA's quarterly revenue was up 105.9% on a year-over-year basis. Sell-side 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 initiated a share buyback program on Monday, September 28th that allows the company to repurchase $150 billion in shares. This buyback authorization allows the computer hardware maker to repurchase up to 2.8% of its stock through open market purchases. Share buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

NVIDIA Dividend Announcement

The firm also recently declared 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. 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 payout ratio is 12.64%.

About NVIDIA

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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