NVIDIA Corporation $NVDA Stock: Affinity Capital Advisors LLC Grows Holdings

Key Points

• Affinity Capital Advisors increased its NVIDIA stake by 72.5% in the third quarter, adding 17,958 shares to hold 42,728 shares worth about $9.8 million. Institutional investors and hedge funds own 65.27% of the stock.
• NVIDIA insiders sold a combined 1.77 million shares worth about $399.5 million over the last quarter; the reported executive sales were made under pre-arranged Rule 10b5-1 plans.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $318.85. NVIDIA also reported quarterly revenue growth of 105.9% year over year and authorized a $150 billion share repurchase plan.

Affinity Capital Advisors LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 72.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,728 shares of the computer hardware maker's stock after buying an additional 17,958 shares during the quarter. NVIDIA makes up approximately 1.1% of Affinity Capital Advisors LLC's portfolio, making the stock its 19th largest holding. Affinity Capital Advisors LLC's holdings in NVIDIA were worth $9,797,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NVDA. Montgomery Financial Services LLC acquired a new position in NVIDIA in the 2nd quarter valued at $28,000. Phillip James Consulting Co. purchased a new position in NVIDIA in the 1st quarter valued at $40,000. Bard Associates Inc. lifted its holdings in NVIDIA by 8,866.7% in the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock valued at $54,000 after purchasing an additional 266 shares in the last quarter. Frankly Finances LLC acquired a new stake in NVIDIA during the 2nd quarter worth $60,000. Finally, ABS Investment Management LLC acquired a new stake in NVIDIA during the 2nd quarter worth $80,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other news, 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 value of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares of the company's stock, valued at $598,810,648. This represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the transaction, 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. 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 1,766,118 shares of company stock worth $399,450,353 over the last quarter. 3.94% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NVDA. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $350.00 target price on shares of NVIDIA in a report on Thursday, October 1st. Rosenblatt Securities reissued a "buy" rating and issued a $390.00 price target on shares of NVIDIA in a research note on Tuesday, September 29th. Daiwa Securities Group decreased their price target on shares of NVIDIA from $255.00 to $245.00 and set an "outperform" rating on the stock in a research note on Thursday, September 17th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of NVIDIA in a research report on Monday, August 31st. Finally, Evercore set a $465.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a research note on Thursday, August 27th. Five analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, NVIDIA currently has a consensus rating of "Buy" and an average target price of $318.85.

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 Price Performance

NVIDIA stock opened at $200.13 on Thursday. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $221.19 and a 200 day moving average price of $204.51. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month high of $243.37. The stock has a market cap of $4.82 trillion, a P/E ratio of 25.30, a PEG ratio of 1.59 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $96.22 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA announced that its Board of Directors has authorized a share repurchase plan on Monday, September 28th that authorizes the company to repurchase $150 billion in shares. This buyback authorization authorizes the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Stock buyback plans are usually a sign that the company's board believes its stock is 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 given a $0.25 dividend. 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 payout ratio is currently 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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