NVIDIA Corporation $NVDA Stock Bought by Annex Advisory Services LLC

Key Points

• Annex Advisory Services increased its NVIDIA stake by 1.8% in the third quarter, adding 11,950 shares to hold 668,848 shares valued at about $152.8 million.
• Analysts remain broadly positive: the consensus rating is “Buy,” with a $314.24 average price target. NVIDIA also beat quarterly earnings and revenue estimates, reporting 105.9% year-over-year revenue growth.
• NVIDIA authorized a $150 billion share repurchase plan, while company insiders sold about 1.77 million shares worth roughly $399.5 million over the past three months.

Annex Advisory Services LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 668,848 shares of the computer hardware maker's stock after purchasing an additional 11,950 shares during the quarter. NVIDIA accounts for 2.5% of Annex Advisory Services LLC's portfolio, making the stock its 11th largest position. Annex Advisory Services LLC's holdings in NVIDIA were worth $152,751,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NVDA. Montgomery Financial Services LLC acquired a new position in NVIDIA in the 2nd quarter worth approximately $28,000. Langley Wealth Management LLC purchased a new position in NVIDIA during the 2nd quarter worth approximately $34,000. Newton One Investments LLC acquired a new stake in NVIDIA during the 3rd quarter valued at approximately $34,000. Phillip James Consulting Co. acquired a new stake in NVIDIA during the 1st quarter valued at approximately $40,000. Finally, Bard Associates Inc. boosted its holdings in shares of 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 acquiring an additional 266 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 the stock in a transaction on 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 transaction, the director directly owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,766,118 shares of company stock worth $399,450,353. Corporate insiders own 3.94% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on NVDA shares. Citigroup cut their price objective on shares of NVIDIA from $315.00 to $285.00 and set a "buy" rating on the stock in a research note on Tuesday. Mizuho set a $250.00 target price on shares of NVIDIA in a research report on Monday. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $330.00 price target on shares of NVIDIA in a report on Monday. Deutsche Bank reaffirmed a "buy" rating on shares of NVIDIA in a research report on Monday, August 31st. Finally, Rothschild & Co Redburn lifted their price objective on NVIDIA from $300.00 to $325.00 in a research note on Thursday, August 27th. Five analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $314.24.

NVIDIA Stock Up 2.9%

Shares of NASDAQ NVDA opened at $173.73 on Thursday. The company's 50-day simple moving average is $217.12 and its 200-day simple moving average is $204.35. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $243.37. The firm has a market cap of $4.19 trillion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 1.30 and a beta of 2.21. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14.

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

NVIDIA announced that its Board of Directors has initiated a stock repurchase plan on Monday, September 28th that allows the company to repurchase $150 billion in outstanding shares. This buyback authorization allows the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Share buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, September 10th. NVIDIA's payout ratio is presently 12.64%.

Recent NVIDIA Headlines

These are some of the NVDA headlines that stood out recently:

• Negative Sentiment: The New York Times reported a second alleged relationship involving Huang and a direct report; the Wall Street Journal separately reported that NVIDIA’s board is preparing to oust him. The reports raise leadership, governance, and succession concerns for a company closely associated with its longtime CEO. Article: Report on Huang’s future at Nvidia
• Negative Sentiment: Allegations around Huang’s ties to a woman suspected of Chinese intelligence links have widened into national-security and export-control concerns. Congressional scrutiny and reports of restricted chips reaching Chinese buyers could invite tighter rules and legal or reputational fallout; the claims remain under investigation. Article: Nvidia controversy revives chip-export debate
• Negative Sentiment: Competition may intensify as OpenAI reportedly plans more vertically integrated infrastructure, including its own chips, while Alphabet is advancing its TPU systems. Both developments could reduce reliance on NVIDIA over time. Article: Alphabet escalates AI chip rivalry

NVIDIA Profile

NVIDIA Corporation develops graphics processing units (GPUs), accelerated computing platforms and related software. Founded in 1993, the company first became widely known for GPUs used in PC gaming and professional graphics. Its technology now also supports artificial intelligence, scientific computing and other data-intensive applications. NVIDIA's offerings include GeForce products for gaming, data-center GPUs and systems for AI workloads, and networking products that connect computing infrastructure.

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