NVIDIA Corporation $NVDA Stock: Cooper Investors PTY Ltd. Trims Position

Key Points

• Cooper Investors cut its NVIDIA stake by 35.1% in the third quarter, selling 8,741 shares and retaining 16,197 shares valued at about $3.7 million.
• Analyst sentiment remains broadly positive: 53 analysts rate the stock Buy or Strong Buy, with a consensus price target of $318.85.
• NVIDIA beat quarterly earnings and revenue expectations, with revenue up 105.9% year over year; its board also approved a $150 billion share-repurchase plan.

Cooper Investors PTY Ltd. reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 35.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,197 shares of the computer hardware maker's stock after selling 8,741 shares during the period. NVIDIA comprises about 2.0% of Cooper Investors PTY Ltd.'s holdings, making the stock its 17th largest holding. Cooper Investors PTY Ltd.'s holdings in NVIDIA were worth $3,699,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NVDA. President Capital upped their price target on shares of NVIDIA from $295.00 to $330.00 in a 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 note on Thursday, August 27th. Wells Fargo & Company set a $210.00 price objective on NVIDIA in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of NVIDIA in a research note on Monday, August 31st. Finally, Stifel Nicolaus set a $315.00 target price on NVIDIA in a report on Thursday, August 27th. Five analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, NVIDIA has an average rating of "Buy" and a consensus price target of $318.85.

Insiders Place Their Bets

In related news, EVP Timothy S. 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of the company's 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 owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,766,118 shares of company stock valued at $399,450,353 in the last quarter. 3.94% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

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

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 (EPS) for the quarter, beating 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 business had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The company's quarterly revenue was up 105.9% compared to the same quarter last year. On average, equities analysts anticipate that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA Dividend Announcement

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

NVIDIA declared that its board has approved a share buyback plan on Monday, September 28th that authorizes the company to repurchase $150 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Share buyback plans are usually an indication that the company's management believes its shares are undervalued.

More NVIDIA News

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

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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