NVIDIA Corporation $NVDA Stock Purchased by BigSur Wealth Management LLC

Key Points

• BigSur Wealth Management increased its NVIDIA stake by 3.4% in the third quarter, buying 2,700 shares to hold 82,231 shares worth about $18.8 million. NVIDIA is 4.7% of its portfolio and its second-largest position.
• Institutional investors and hedge funds own 65.27% of NVIDIA shares; several other firms also initiated or expanded positions recently.
• Analysts maintain a consensus Buy rating, with an average price target of $318.85. NVIDIA’s latest reported quarterly revenue rose 105.9% year over year to $96.22 billion, beating estimates.

BigSur Wealth Management LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,231 shares of the computer hardware maker's stock after buying an additional 2,700 shares during the quarter. NVIDIA comprises 4.7% of BigSur Wealth Management LLC's holdings, making the stock its 2nd biggest position. BigSur Wealth Management LLC's holdings in NVIDIA were worth $18,800,000 as of its most recent filing with the Securities and Exchange Commission.

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

NVIDIA News Summary

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

Insider Activity

In related news, Director Mark Stevens sold 622,239 shares of the company's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the transaction, the director directly owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 34,918 shares of the company's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the transaction, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. The trade was a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $300.00 price target on shares of NVIDIA in a report on Wednesday, October 21st. DZ Bank reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, August 26th. Benchmark reissued a "buy" rating and set a $335.00 target price on shares of NVIDIA in a research note on Thursday, August 27th. Sanford C. Bernstein restated a "buy" rating on shares of NVIDIA in a report on Monday, September 21st. Finally, Stifel Nicolaus set a $315.00 price target on shares of NVIDIA in a research report on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $318.85.

NVIDIA Stock Performance

NVIDIA stock opened at $200.13 on Thursday. The firm's 50 day simple moving average is $221.19 and its 200-day simple moving average is $204.51. The company has a market cap of $4.82 trillion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.59 and a beta of 2.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $243.37.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 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 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 firm's quarterly revenue was up 105.9% on a year-over-year basis. As a group, equities research analysts predict that NVIDIA Corporation will post 9.30 EPS for the current year.

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

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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is 12.64%.

NVIDIA 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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