Spartan Planning & Wealth Management trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 17.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,027 shares of the computer hardware maker’s stock after selling 8,525 shares during the period. NVIDIA comprises 5.9% of Spartan Planning & Wealth Management’s portfolio, making the stock its 4th largest position. Spartan Planning & Wealth Management’s holdings in NVIDIA were worth $9,141,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of NVDA. Clay Northam Wealth Management LLC boosted its stake in shares of NVIDIA by 0.7% during the 3rd quarter. Clay Northam Wealth Management LLC now owns 36,670 shares of the computer hardware maker’s stock valued at $8,375,000 after purchasing an additional 250 shares in the last quarter. Fagan Associates Inc. increased its position in shares of NVIDIA by 1.7% during the third quarter. Fagan Associates Inc. now owns 154,771 shares of the computer hardware maker’s stock valued at $35,347,000 after buying an additional 2,528 shares during the period. Lineweaver Wealth Advisors LLC bought a new position in NVIDIA in the third quarter worth about $15,051,000. Forvis Mazars Wealth Advisors LLC raised its stake in NVIDIA by 1.7% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 260,039 shares of the computer hardware maker’s stock worth $59,388,000 after buying an additional 4,390 shares in the last quarter. Finally, Verus Wealth Management LLC raised its stake in NVIDIA by 281.0% in the third quarter. Verus Wealth Management LLC now owns 26,636 shares of the computer hardware maker’s stock worth $6,083,000 after buying an additional 19,645 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have weighed in on NVDA. Royal Bank Of Canada lifted their price objective on NVIDIA from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Stifel Nicolaus set a $315.00 target price on NVIDIA in a report on Thursday, August 27th. Daiwa Securities Group decreased their target price on NVIDIA from $255.00 to $245.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. Benchmark reissued a “buy” rating and set a $335.00 price objective on shares of NVIDIA in a research report on Thursday, August 27th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, October 21st. Five equities research 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $318.85.
Get Our Latest Research Report on NVDA
NVIDIA Trading Down 3.2%
Shares of NASDAQ: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. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $243.37. The company has a market cap of $4.82 trillion, a P/E ratio of 25.30, a PEG ratio of 1.59 and a beta of 2.21. The stock’s fifty day moving average price is $221.19 and its 200-day moving average price is $204.51.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping the consensus estimate of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The company had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. During the same period last year, the company earned $1.05 EPS. NVIDIA’s revenue for the quarter was up 105.9% on a year-over-year basis. Sell-side analysts expect that NVIDIA Corporation will post 9.30 earnings per share for the current year.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis 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 presently 12.64%.
NVIDIA announced that its Board of Directors has authorized a share repurchase plan 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 stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its stock is undervalued.
NVIDIA News Roundup
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, CFO Colette Kress sold 34,918 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of the stock in a transaction that occurred 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 transaction, the director owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,766,118 shares of company stock valued at $399,450,353 in the last 90 days. 3.94% of the stock is currently owned by insiders.
About NVIDIA
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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