NVIDIA Corporation $NVDA Stock Sold by Fortitude Advisory Group L.L.C.

Key Points

• Fortitude Advisory Group reduced its NVIDIA position by 2.7%, selling 3,431 shares and retaining 122,655 shares worth approximately $24.5 million. NVIDIA remains the firm’s second-largest holding, representing 9.4% of its portfolio.
• NVIDIA insiders sold about $399.5 million of stock in the latest quarter, including substantial sales by CFO Colette Kress and EVP Timothy Teter under pre-arranged Rule 10b5-1 plans.
• Despite the selling, NVIDIA reported strong quarterly results, beating earnings and revenue estimates, while announcing a $150 billion share-repurchase authorization. Analysts remain bullish, with an average “Buy” rating and a consensus price target of $321.47.

Fortitude Advisory Group L.L.C. lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,655 shares of the computer hardware maker's stock after selling 3,431 shares during the quarter. NVIDIA comprises about 9.4% of Fortitude Advisory Group L.L.C.'s holdings, making the stock its 2nd biggest holding. Fortitude Advisory Group L.L.C.'s holdings in NVIDIA were worth $24,542,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Lifetime Wealth Management P.C. acquired a new position in NVIDIA in the 4th quarter valued at about $26,000. Longview Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the 1st quarter valued at approximately $27,000. Phillip James Consulting Co. purchased a new stake in shares of NVIDIA in the 1st quarter valued at approximately $40,000. Frankly Finances LLC acquired a new stake in shares of NVIDIA during the 2nd quarter worth approximately $60,000. Finally, Lam Group Inc. acquired a new stake in shares of NVIDIA during the 1st quarter worth approximately $77,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In related news, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction that occurred on 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 sale, the executive vice president owned 2,687,660 shares of the company's stock, valued at $598,810,648. This trade represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,766,118 shares of company stock valued at $399,450,353. Company insiders own 3.94% of the company's stock.

NVIDIA Trading Down 0.3%

Shares of NVDA stock opened at $216.47 on Wednesday. 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 firm has a market cap of $5.22 trillion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 1.67 and a beta of 2.22. The company has a 50-day moving average of $223.17 and a two-hundred day moving average of $212.01. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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. The business had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business's revenue for the quarter was up 105.9% on a year-over-year basis. During the same period last year, the business earned $1.05 earnings per share. On average, analysts predict that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA announced that its Board of Directors has authorized a share buyback plan on Monday, September 28th that permits the company to repurchase $150.00 billion in shares. This repurchase authorization permits the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Share repurchase plans are often an indication that the company's management believes its shares are undervalued.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors 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 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA's dividend payout ratio (DPR) is presently 12.64%.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Reportedly, ByteDance, Alibaba and Tencent have placed more than $35 billion in NVIDIA chip orders. The agreement could reopen a significant Chinese market, although the arrangement reportedly includes the U.S. government receiving 15% of Chinese sales. NVIDIA China chip orders
• Positive Sentiment: OpenAI is reportedly raising approximately $30 billion, while NVIDIA has agreed to guarantee up to $105 billion of obligations tied to an Ohio data-center campus OpenAI will lease. The deal could support substantial future demand for NVIDIA systems, but also increases NVIDIA’s exposure to customer financing. OpenAI fundraising and NVIDIA
• Positive Sentiment: Anthropic is reportedly discussing an expansion that could take its Nscale commitment to roughly $90 billion, potentially benefiting NVIDIA as a leading supplier of AI infrastructure. Anthropic Nscale expansion
• Positive Sentiment: NVIDIA announced German partnerships, investments in AI startups and a broader European AI initiative approaching $10 billion, strengthening its position in sovereign and industrial AI. NVIDIA German AI investments
• Positive Sentiment: A record 104-qubit fault-tolerant quantum simulation on Europe’s JUPITER supercomputer demonstrated NVIDIA’s CUDA-Q, cuQuantum and accelerated-computing capabilities, expanding its longer-term technology opportunity beyond AI. NVIDIA quantum simulation
• Neutral Sentiment: Amazon is reportedly receiving billions of dollars of NVIDIA GB300 systems, but some racks are being stored because data centers lack sufficient power. This confirms demand while highlighting deployment bottlenecks. Amazon NVIDIA GPU systems
• Negative Sentiment: Google’s open-source TorchTPU and Amazon’s TorchNeuron initiatives are designed to make competing AI chips easier to use, threatening NVIDIA’s CUDA software moat and long-term pricing power. Google and Amazon challenge NVIDIA CUDA
• Negative Sentiment: Investors remain concerned that heavily indebted neocloud customers, including CoreWeave, may struggle with higher borrowing costs. NVIDIA’s guarantees and investment relationships increase fears that AI infrastructure spending could involve circular or financially fragile demand. Why NVIDIA needs CoreWeave
• Negative Sentiment: Broad semiconductor selling, fading momentum in the AI trade and hedge-fund technology reductions are weighing on NVDA’s near-term performance despite continued strong chip demand. Chip stocks decline

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NVDA shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, August 26th. The Goldman Sachs Group reiterated a "buy" rating on shares of NVIDIA in a report on Thursday, September 10th. Stifel Nicolaus set a $315.00 price objective on NVIDIA in a research report on Thursday, August 27th. Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a research report on Monday, September 21st. Finally, Benchmark reissued a "buy" rating and set a $335.00 target price on shares of NVIDIA in a research note on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $321.47.

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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