Avior Wealth Management LLC lowered its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 244,306 shares of the computer hardware maker's stock after selling 8,077 shares during the period. NVIDIA makes up approximately 1.5% of Avior Wealth Management LLC's portfolio, making the stock its 10th biggest holding. Avior Wealth Management LLC's holdings in NVIDIA were worth $55,794,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Perpetual Ltd lifted its holdings in shares of NVIDIA by 36.8% in the third quarter. Perpetual Ltd now owns 786,558 shares of the computer hardware maker's stock valued at $179,634,000 after purchasing an additional 211,658 shares in the last quarter. Vertrix Wealth Management LLC increased its stake in shares of NVIDIA by 6.3% during the 3rd quarter. Vertrix Wealth Management LLC now owns 29,229 shares of the computer hardware maker's stock worth $6,675,000 after purchasing an additional 1,744 shares in the last quarter. Integrated Financial Solutions Inc. increased its stake in shares of NVIDIA by 0.7% during the 3rd quarter. Integrated Financial Solutions Inc. now owns 175,705 shares of the computer hardware maker's stock worth $40,127,000 after purchasing an additional 1,301 shares in the last quarter. Sacks & Associates LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth approximately $3,328,000. Finally, Adirondack Capital Advisors LLC raised its position in shares of NVIDIA by 15.9% during the 3rd quarter. Adirondack Capital Advisors LLC now owns 2,152 shares of the computer hardware maker's stock worth $491,000 after purchasing an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
Insider Buying and Selling
In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of NVIDIA stock in a transaction dated 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 sale, the director owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. This trade represents a 21.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is owned by company insiders.
NVIDIA Stock Up 2.3%
NVDA stock opened at $206.65 on Wednesday. The stock has a market capitalization of $4.98 trillion, a P/E ratio of 26.13, a PEG ratio of 1.55 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. NVIDIA Corporation has a one year low of $164.27 and a one year high of $243.37. The company has a 50 day moving average price of $221.45 and a two-hundred day moving average price of $204.44.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The business's revenue for the quarter was up 105.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 EPS. As a group, sell-side analysts expect that NVIDIA Corporation will post 9.30 EPS for the current year.
NVIDIA announced that its board has initiated a share repurchase plan on Monday, September 28th that authorizes the company to repurchase $150 billion in shares. This repurchase authorization authorizes the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA's dividend payout ratio is 12.64%.
More NVIDIA News
Here are the key news stories impacting NVIDIA this week:
- Positive Sentiment: The sector recovery helped NVIDIA rebound after four consecutive losing sessions. Some coverage also described the recent pullback as a potential buying opportunity, citing the company’s strong revenue growth and continued demand for AI chips. Nvidia stock up over 3%: what's driving Tuesday's rally?
- Positive Sentiment: NVIDIA’s proposed DSX POD modular design aims to shorten AI-factory deployment to 14 days. Faster installation could let customers put GPUs to work and generate returns sooner, potentially supporting infrastructure demand. Nvidia's New 14-Day AI Deployment Goal Could Unlock Faster Growth
- Neutral Sentiment: Reports say NVIDIA is asking cloud and data-center partners to ensure at least 51% of services sales come from customers outside China, in response to U.S. export rules. The move may help partners comply, but the reports do not quantify the effect on NVIDIA’s sales. What Is Nvidia Asking Cloud Clients To Change Under New China Rules?
- Negative Sentiment: Broader worries about the AI trade remain a headwind: reports point to a substantial recent decline in AI-stock valuations and hedge funds reducing exposure. A warning that Chinese AI-chip competitors could expand overseas adds to uncertainty ahead of NVIDIA’s November 17 earnings report. AI Stocks Lose $5 Trillion in 3 Weeks as Hedge Funds Go Underweight AI
Analyst Ratings Changes
A number of research firms recently issued reports on NVDA. Phillip Securities upped their target price on NVIDIA from $285.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, August 31st. Morgan Stanley set a $230.00 price target on NVIDIA in a research report on Friday, October 2nd. Daiwa Securities Group cut their price target on NVIDIA from $255.00 to $245.00 and set an "outperform" rating for the company in a report on Thursday, September 17th. The Goldman Sachs Group reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, October 21st. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $350.00 price objective on shares of NVIDIA in a research report on Thursday, October 1st. Five analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $318.85.
Read Our Latest Research Report on NVIDIA
NVIDIA Profile
(
Free Report)
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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