NVIDIA Corporation $NVDA Stock Purchased by Violich Capital Management Inc.

Key Points

• Violich Capital Management increased its NVIDIA stake by 54.8% in the third quarter, purchasing 6,100 additional shares to bring its holdings to 17,230 shares valued at approximately $3.94 million. Institutional investors and hedge funds collectively own 65.27% of NVIDIA.
• Analyst sentiment remains strongly positive, with a consensus “Buy” rating and an average price target of $321.47; five analysts rate the stock a Strong Buy and 49 rate it a Buy.
• NVIDIA reported quarterly earnings and revenue above expectations, with revenue rising 105.9% year over year, while its board authorized a $150 billion share-repurchase program covering up to 2.8% of outstanding shares.

Violich Capital Management Inc. grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 54.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,230 shares of the computer hardware maker's stock after buying an additional 6,100 shares during the quarter. Violich Capital Management Inc.'s holdings in NVIDIA were worth $3,935,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Montgomery Financial Services LLC bought a new stake in shares of NVIDIA during the 2nd quarter worth approximately $28,000. Longview Financial Advisors Inc. bought a new stake in shares of NVIDIA in the 1st quarter valued at about $27,000. Phillip James Consulting Co. acquired a new stake in NVIDIA in the 1st quarter valued at about $40,000. Bard Associates Inc. lifted its stake in 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 purchasing an additional 266 shares during the last quarter. Finally, Frankly Finances LLC bought a new position in NVIDIA during the second quarter worth about $60,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVDA has been the topic of several research analyst reports. Piper Sandler assumed coverage on NVIDIA in a research note on Wednesday, September 9th. They issued an "overweight" rating and a $300.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on shares of NVIDIA from $280.00 to $320.00 and gave the stock an "overweight" rating in a report on Thursday, August 27th. Stifel Nicolaus set a $315.00 price objective on shares of NVIDIA in a report on Thursday, August 27th. BNP Paribas Exane restated an "outperform" rating and issued a $345.00 target price on shares of NVIDIA in a research note on Monday, October 5th. Finally, KGI Securities raised their target price on NVIDIA from $335.00 to $345.00 in a research note on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $321.47.

NVIDIA Stock Performance

Shares of NVDA stock opened at $216.00 on Tuesday. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $222.48 and a two-hundred day simple moving average of $203.56. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $243.37. The firm has a market capitalization of $5.21 trillion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 1.62 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $92.27 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The business's revenue was up 105.9% on a year-over-year basis. Analysts forecast that NVIDIA Corporation will post 9.30 EPS 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA's payout ratio is presently 12.64%.

NVIDIA declared that its board has authorized a share buyback plan on Monday, September 28th that authorizes the company to buy back $150 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling

In related news, CFO Colette Kress sold 34,918 shares of the company's stock in a transaction dated 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 sale, the chief financial officer owned 765,103 shares in the company, valued at $167,595,812.15. This represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy Teter sold 30,460 shares of the firm'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 completion of the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. The trade was a 1.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,766,118 shares of company stock worth $399,450,353 in the last quarter. Insiders own 3.94% of the company's stock.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: SpaceX reportedly committed up to $40 billion in financing for NVIDIA’s Vera Rubin processors, with deliveries expected in 2027. SpaceX’s plans to build at least 10 gigawatts of computing capacity could create substantial long-term demand for NVIDIA hardware. Elon Musk and SpaceX Just Delivered Incredible News to Nvidia
• Positive Sentiment: Anthropic’s IPO filing highlighted approximately $224.5 billion in non-cancelable compute agreements with Amazon and Alphabet. The commitments reinforce expectations for sustained hyperscaler spending on NVIDIA GPUs and other AI infrastructure, despite Anthropic’s reported accounting-driven loss. Anthropic's IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Demand indicators remain strong: GPU rental prices have risen sharply, including for older chips, while NVIDIA is expanding beyond data centers through a self-driving partnership with Mercedes-Benz and an industrial AI collaboration with Honeywell and Dell. Nvidia Just Doubled Down on Self-Driving Cars With Mercedes
• Neutral Sentiment: Analyst sentiment remains overwhelmingly bullish, with reports citing a 98% buy-rating rate and continued confidence in NVIDIA’s triple-digit revenue growth. However, the shares remain below their 50-day moving average while trading above the 200-day average, reflecting both strong long-term momentum and near-term volatility.
• Negative Sentiment: Credit-market pressure could slow AI data-center construction and reduce GPU purchases by highly leveraged neocloud operators. Analysts also warn of infrastructure bottlenecks, while Broadcom’s custom AI chips and open Ethernet alternatives could gradually challenge NVIDIA’s ecosystem and InfiniBand position. Seaport Reiterates Sell Rating On Nvidia Stock Over Data Center Infrastructure Bottlenecks

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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