NVIDIA Corporation $NVDA Stake Cut by N10 Assets LLC

N10 Assets LLC cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,755 shares of the computer hardware maker’s stock after selling 3,359 shares during the period. NVIDIA makes up 7.6% of N10 Assets LLC’s holdings, making the stock its 2nd biggest holding. N10 Assets LLC’s holdings in NVIDIA were worth $20,727,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NVDA. Montgomery Financial Services LLC purchased a new stake in NVIDIA in the 2nd quarter valued at about $28,000. Langley Wealth Management LLC purchased a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $34,000. Phillip James Consulting Co. purchased a new stake in shares of NVIDIA in the 1st quarter valued at approximately $40,000. Bard Associates Inc. lifted its holdings in shares of NVIDIA by 8,866.7% in the 2nd 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 last quarter. Finally, Frankly Finances LLC acquired a new position in shares of NVIDIA in the 2nd quarter worth approximately $60,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Melius Research cut their target price on NVIDIA from $420.00 to $315.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. China Renaissance lifted their target price on NVIDIA from $319.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Rosenblatt Securities reissued a “buy” rating and issued a $390.00 price objective on shares of NVIDIA in a research note on Tuesday, September 29th. Yorkville Ives began coverage on shares of NVIDIA in a report on Tuesday, October 6th. They issued an “outperform” rating and a $300.00 price objective for the company. Finally, BNP Paribas Exane reiterated an “outperform” rating and set a $345.00 target price on shares of NVIDIA in a report on Monday, October 5th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $318.85.

NVIDIA Stock Up 2.8%

Shares of NVDA stock traded up $5.04 during trading hours on Friday, reaching $186.64. 179,613,679 shares of the stock were exchanged, compared to its average volume of 100,673,888. The business’s fifty day moving average is $219.80 and its two-hundred day moving average is $204.53. The firm has a market capitalization of $4.50 trillion, a P/E ratio of 23.60, a P/E/G ratio of 1.55 and a beta of 2.21. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month high of $243.37. 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 (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company’s quarterly revenue was up 105.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 EPS. As a group, research analysts expect that NVIDIA Corporation will post 9.30 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid a $0.25 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA’s dividend payout ratio (DPR) is currently 12.64%.

NVIDIA announced that its board has authorized a share repurchase program on Monday, September 28th that authorizes the company to buy back $150 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Share buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction dated Monday, September 21st. The stock was 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 directly owned 2,687,660 shares of the company’s stock, valued at $598,810,648. The trade was a 1.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was 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 of the company’s stock, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. 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 a total of 1,766,118 shares of company stock worth $399,450,353 over the last ninety days. Corporate insiders own 3.94% of the company’s stock.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Some investors see the decline as a buying opportunity, citing NVIDIA’s strong AI-chip position and profitability. ARK Invest also reportedly added $45.9 million of NVDA shares during the sell-off. Nvidia Stock Rises on Dip-Buying: 3 Reasons to Be Optimistic
• Positive Sentiment: CEO Jensen Huang says the next-generation Vera Rubin platform could generate more revenue per gigawatt of data-center capacity than the current platform, supporting the case for continued growth. Jensen Huang Says Nvidia’s Next-Gen Vera Rubin Chips Will Generate $40 Billion in Revenue per Gigawatt
• Neutral Sentiment: NVIDIA’s upcoming Nov. 17 results are a key near-term catalyst: investors will look for evidence that demand and guidance can ease fears about AI spending and justify the stock’s recovery. Nvidia Investors Need to Be Paying Attention on Nov. 17
• Negative Sentiment: The rebound follows a steep sell-off that wiped roughly $450 billion from NVIDIA’s market value. Investors are worried that a Democratic-led Congress, data-center permitting or regulatory hurdles, high capital costs, and uncertain returns could delay infrastructure projects and weaken future chip demand. AI stocks hammered by midterm shock as data center buildout becomes a ‘war of attrition’
• Negative Sentiment: Reports that NVIDIA may be taking on greater exposure to financially strained “neocloud” customers raise concern that it could face risks beyond selling chips if those providers struggle to fund data centers. As neoclouds face a financial reckoning, Nvidia has to decide how far to go to help

NVIDIA Profile

NVIDIA Corporation develops graphics processing units (GPUs), accelerated computing platforms and related software. Founded in 1993, the company first became widely known for GPUs used in PC gaming and professional graphics. Its technology now also supports artificial intelligence, scientific computing and other data-intensive applications.

NVIDIA’s offerings include GeForce products for gaming, data-center GPUs and systems for AI workloads, and networking products that connect computing infrastructure.