NVIDIA Corporation $NVDA Stock: Artemis Investment Management LLP Boosts Position

Key Points

• Artemis Investment Management increased its NVIDIA position by 6.3% in the third quarter, reaching 1.39 million shares valued at approximately $317.1 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA reported better-than-expected quarterly results, with revenue up 105.9% year over year to $96.22 billion and EPS of $2.22. Analysts remain broadly bullish, assigning the stock an average “Buy” rating and a $321.47 price target.
• Insiders sold approximately $399.5 million of NVIDIA shares over the past three months under pre-arranged Rule 10b5-1 plans, while the company authorized a $150 billion share-repurchase program.

Artemis Investment Management LLP increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,388,432 shares of the computer hardware maker's stock after buying an additional 81,980 shares during the period. NVIDIA accounts for 2.5% of Artemis Investment Management LLP's investment portfolio, making the stock its 5th biggest position. Artemis Investment Management LLP's holdings in NVIDIA were worth $317,090,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Montgomery Financial Services LLC purchased a new position in NVIDIA during the 2nd quarter valued at about $28,000. Phillip James Consulting Co. bought a new position in shares of NVIDIA in the first quarter valued at approximately $40,000. Bard Associates Inc. grew its stake in NVIDIA by 8,866.7% during the second quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock valued at $54,000 after acquiring an additional 266 shares in the last quarter. Frankly Finances LLC purchased a new position in NVIDIA during the second quarter valued at approximately $60,000. Finally, ABS Investment Management LLC bought a new stake in NVIDIA during the 2nd quarter worth approximately $80,000. Institutional investors own 65.27% of the company's stock.

Key Stories 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

Insider Activity

In other news, EVP Timothy S. Teter sold 30,460 shares of the company's stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 company's stock in a transaction dated 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 completion of the sale, the chief financial officer owned 765,103 shares of the company's stock, valued at approximately $167,595,812.15. The trade was a 4.36% 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 sold 1,766,118 shares of company stock valued at $399,450,353 over the last three months. Insiders own 3.94% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research analyst reports. KeyCorp reissued an "overweight" rating and set a $330.00 price objective on shares of NVIDIA in a research note on Monday, August 24th. Benchmark reiterated a "buy" rating and set a $335.00 price target on shares of NVIDIA in a research report on Thursday, August 27th. Mizuho set a $315.00 price objective on shares of NVIDIA and gave the stock an "outperform" rating in a research report on Thursday, August 27th. China Renaissance raised their target price on shares of NVIDIA from $319.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, August 31st. Finally, Yorkville Ives initiated coverage on shares of NVIDIA in a research report on Tuesday, October 6th. They set an "outperform" rating and a $300.00 target price for the company. Five research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $321.47.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $204.64 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $243.37. The company's 50-day moving average is $221.74 and its 200 day moving average is $204.24. The stock has a market capitalization 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.

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, beating analysts' consensus estimates of $2.09 by $0.13. The firm had revenue of $96.22 billion for 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 earnings per share. On average, sell-side analysts expect that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA announced that its Board of Directors has approved a stock repurchase program on Monday, September 28th that authorizes the company to buy back $150 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were paid a $0.25 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA's payout ratio is currently 12.64%.

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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