NVIDIA Corporation $NVDA Stock: Grant Private Wealth Management Inc Trims Position

Grant Private Wealth Management Inc lowered its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 33.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,402 shares of the computer hardware maker's stock after selling 47,003 shares during the period. NVIDIA accounts for 9.3% of Grant Private Wealth Management Inc's investment portfolio, making the stock its largest holding. Grant Private Wealth Management Inc's holdings in NVIDIA were worth $21,560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp boosted its stake in shares of NVIDIA by 1.6% during the second quarter. State Street Corp now owns 1,009,783,437 shares of the computer hardware maker's stock worth $202,047,568,000 after buying an additional 15,897,836 shares during the period. Bank of America Corp DE grew its holdings in shares of NVIDIA by 2.2% during the second quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker's stock worth $39,090,956,000 after buying an additional 4,165,875 shares during the last quarter. Amundi grew its holdings in shares of NVIDIA by 10.4% during the first quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock worth $23,329,141,000 after buying an additional 12,575,177 shares during the last quarter. Dimensional Fund Advisors LP increased its position in NVIDIA by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker's stock valued at $16,479,126,000 after acquiring an additional 555,221 shares during the period. Finally, Deutsche Bank AG increased its position in NVIDIA by 2.3% in the 2nd quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker's stock valued at $18,399,108,000 after acquiring an additional 2,045,101 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Recent NVIDIA Headlines

Investors following NVDA have been watching these headlines:

• Positive Sentiment: Investors will look to the November 17 earnings report for evidence that AI demand remains robust. Articles cite strong infrastructure spending and a $108 billion revenue outlook as potential supports for the business. NVIDIA earnings preview
• Neutral Sentiment: Investors are also being urged to judge AI demand by the revenue generated from computing capacity—not just the capital companies spend to build it. That could sharpen questions about how quickly AI infrastructure investments translate into sales. Barron's analysis of AI revenue
• Negative Sentiment: HSBC downgraded NVIDIA to Hold with a $170 target, and several firms have reduced price targets. Analysts also warn that leadership uncertainty could give chip rivals more opportunity to win business. HSBC downgrade coverage

NVIDIA Stock Performance

NASDAQ:NVDA traded down $3.34 during mid-day trading on Friday, reaching $162.85. The stock had a trading volume of 363,372,273 shares, compared to its average volume of 196,617,360. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. The business has a 50 day simple moving average of $214.64 and a 200 day simple moving average of $204.12. The firm has a market capitalization of $3.92 trillion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.28 and a beta of 2.21. NVIDIA Corporation has a twelve month low of $148.80 and a twelve month high of $243.37.

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 analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The firm had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The company's revenue for the quarter was up 105.9% compared to the same quarter last year. On average, analysts expect that NVIDIA Corporation will post 9.29 earnings per share for the current fiscal year.

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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is currently 12.64%.

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

Wall Street Analyst Weigh In

NVDA has been the subject of several analyst reports. Rosenblatt Securities reduced their price objective on NVIDIA from $390.00 to $300.00 and set a "buy" rating for the company in a research note on Friday. Rothschild & Co Redburn increased their price objective on NVIDIA from $300.00 to $325.00 in a research report on Thursday, August 27th. Royal Bank Of Canada set a $225.00 target price on NVIDIA in a research note on Thursday. Melius Research lowered NVIDIA from a "buy" rating to a "hold" rating and dropped their target price for the company from $315.00 to $185.00 in a report on Thursday. Finally, TD Cowen reissued a "buy" rating on shares of NVIDIA in a report on Tuesday, August 18th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $277.89.

Insider Buying and Selling

In other NVIDIA news, EVP Timothy 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 dated Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction 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 trade represents a 21.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,766,118 shares of company stock valued at $399,450,353. Corporate insiders own 3.94% of the company's stock.

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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