Stableford Capital II LLC Sells 13,531 Shares of NVIDIA Corporation $NVDA

Key Points

• Stableford Capital II LLC reduced its NVIDIA stake by 33.4% in the third quarter, selling 13,531 shares and retaining 26,994 shares valued at approximately $6.17 million.
• Institutional investors own 65.27% of NVIDIA, while analysts remain broadly bullish: the stock has a consensus “Buy” rating and an average price target of $321.47.
• NVIDIA reported quarterly earnings and revenue above expectations, with revenue up 105.9% year over year. The company also approved a $150 billion share-repurchase program and pays a quarterly dividend of $0.25 per share.

Stableford Capital II LLC lessened its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 33.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,994 shares of the computer hardware maker's stock after selling 13,531 shares during the period. NVIDIA makes up about 2.1% of Stableford Capital II LLC's holdings, making the stock its 11th biggest holding. Stableford Capital II LLC's holdings in NVIDIA were worth $6,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jupiter Topco LLC purchased a new position in NVIDIA in the second quarter worth $16,156,076,000. Van ECK Associates Corp increased its stake in NVIDIA by 34.7% in the second quarter. Van ECK Associates Corp now owns 75,849,721 shares of the computer hardware maker's stock valued at $15,176,771,000 after acquiring an additional 19,522,304 shares during the last quarter. State Street Corp raised its position in 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 valued at $202,047,568,000 after purchasing an additional 15,897,836 shares in the last quarter. Amundi lifted its stake in 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 purchasing an additional 12,575,177 shares during the last quarter. Finally, Nykredit A S bought a new stake in NVIDIA during the second quarter worth about $2,315,956,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. China Renaissance upped their price objective on NVIDIA from $319.00 to $330.00 and gave the stock a "buy" rating in a report on Monday, August 31st. DZ Bank reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, August 26th. Benchmark reissued a "buy" rating and set a $335.00 price objective on shares of NVIDIA in a report on Thursday, August 27th. JPMorgan Chase & Co. boosted their target price on NVIDIA from $280.00 to $320.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Finally, President Capital upped their target price on NVIDIA from $295.00 to $330.00 in a research note on Thursday, August 27th. Five analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $321.47.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
• Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
• Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

NVIDIA Price Performance

NVDA opened at $204.64 on Friday. 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 stock's 50 day simple moving average is $221.74 and its 200 day simple moving average is $204.24. The firm has a market cap of $4.93 trillion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.57 and a beta of 2.22. 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 data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The business's revenue was up 105.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 earnings per share. As a group, analysts predict that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid 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 payout ratio is presently 12.64%.

NVIDIA declared that its Board of Directors has approved a stock repurchase plan on Monday, September 28th that permits the company to repurchase $150 billion in shares. This buyback authorization permits the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Share buyback plans are often an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 622,239 shares of the stock in a transaction on 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 sale, the director owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. This represents a 21.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the sale, the chief financial officer directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,766,118 shares of company stock valued at $399,450,353 over the last three months. 3.94% of the stock is owned by company insiders.

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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