NVIDIA Corporation $NVDA Stock Holdings Reduced by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments cut its NVIDIA stake by 13.2% in the third quarter, selling 348,698 shares; it still held 2.29 million shares worth about $523 million, making NVIDIA its largest position.
• NVIDIA reported quarterly earnings of $2.22 per share and revenue of $96.22 billion, beating analyst estimates; revenue rose 105.9% year over year.
• Analyst sentiment remained broadly positive, with a consensus “Buy” rating and a $318.85 price target. NVIDIA also authorized a $150 billion share buyback, while insiders collectively sold about $399 million in shares over 90 days.

Montrusco Bolton Investments Inc. trimmed its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,289,351 shares of the computer hardware maker's stock after selling 348,698 shares during the quarter. NVIDIA comprises about 8.4% of Montrusco Bolton Investments Inc.'s holdings, making the stock its biggest position. Montrusco Bolton Investments Inc.'s holdings in NVIDIA were worth $522,842,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. St. Clair Advisors LLC lifted its stake in shares of NVIDIA by 3.5% in the third quarter. St. Clair Advisors LLC now owns 11,007 shares of the computer hardware maker's stock valued at $2,514,000 after buying an additional 374 shares in the last quarter. Thor Investment Management Inc. OH ADV bought a new stake in shares of NVIDIA during the third quarter worth about $220,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of NVIDIA during the third quarter worth about $346,000. Financial Futures Ltd Liability Co. increased its position in shares of NVIDIA by 165.3% during the third quarter. Financial Futures Ltd Liability Co. now owns 3,995 shares of the computer hardware maker's stock worth $912,000 after acquiring an additional 2,489 shares in the last quarter. Finally, First County Bank CT raised its holdings in shares of NVIDIA by 10.1% in the 3rd quarter. First County Bank CT now owns 49,216 shares of the computer hardware maker's stock worth $11,240,000 after acquiring an additional 4,495 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent research reports. Truist Financial raised their price target on shares of NVIDIA from $307.00 to $346.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. TD Cowen reissued a "buy" rating on shares of NVIDIA in a report on Tuesday, August 18th. Rothschild & Co Redburn boosted their price objective on NVIDIA from $300.00 to $325.00 in a report on Thursday, August 27th. Yorkville Ives began coverage on NVIDIA in a research note on Tuesday, October 6th. They issued an "outperform" rating and a $300.00 price objective for the company. Finally, Weiss Ratings lowered NVIDIA from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday. Five analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $318.85.

Insider Transactions at NVIDIA

In related news, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction 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 sale, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a legal 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 A. Stevens sold 622,239 shares of the business's stock in a transaction on Friday, September 4th. The stock was 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 in the company, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,766,118 shares of company stock worth $399,450,353 in the last 90 days. Insiders own 3.94% of the company's stock.

NVIDIA Stock Down 3.2%

NVDA opened at $200.13 on Thursday. 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's 50-day moving average is $221.19 and its 200 day moving average is $204.51. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. The firm has a market capitalization of $4.82 trillion, a P/E ratio of 25.30, a PEG ratio of 1.59 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $92.27 billion. During the same period in the prior year, the firm posted $1.05 EPS. The firm's quarterly revenue was up 105.9% compared to the same quarter last year. Research analysts expect that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

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

Key Headlines Impacting NVIDIA

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

NVIDIA Company 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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