Western Financial Corp CA Sells 3,273 Shares of NVIDIA Corporation $NVDA

Western Financial Corp CA lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 41.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 4,696 shares of the computer hardware maker’s stock after selling 3,273 shares during the quarter. Western Financial Corp CA’s holdings in NVIDIA were worth $1,072,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Montgomery Financial Services LLC acquired a new stake in shares of NVIDIA during the second quarter worth about $28,000. Phillip James Consulting Co. purchased a new stake in NVIDIA in the first quarter valued at approximately $40,000. Bard Associates Inc. boosted its position in NVIDIA by 8,866.7% in the second quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock valued at $54,000 after buying an additional 266 shares during the last quarter. Frankly Finances LLC acquired a new position in NVIDIA in the 2nd quarter worth approximately $60,000. Finally, ABS Investment Management LLC acquired a new position in NVIDIA in the 2nd quarter worth approximately $80,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA News Summary

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. UBS Group reissued a “buy” rating on shares of NVIDIA in a research report on Friday, October 9th. Piper Sandler assumed coverage on shares of NVIDIA in a report on Wednesday, September 9th. They issued an “overweight” rating and a $300.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $390.00 price objective on shares of NVIDIA in a report on Tuesday, September 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price objective on shares of NVIDIA in a research note on Thursday, October 1st. Finally, Weiss Ratings cut shares of NVIDIA from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, November 2nd. Five research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $318.85.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 622,239 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the transaction, the director directly owned 2,336,531 shares in the company, valued at $541,187,310.22. The trade was a 21.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy S. Teter sold 30,460 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 2,687,660 shares in the company, valued at $598,810,648. This trade represents a 1.12% 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 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 company insiders.

NVIDIA Stock Up 2.8%

NVIDIA stock opened at $186.64 on Friday. The firm has a market cap of $4.50 trillion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.43 and a beta of 2.21. NVIDIA Corporation has a 52 week low of $164.27 and a 52 week high of $243.37. The business’s 50-day moving average price is $219.80 and its 200 day moving average price is $204.53. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results 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. 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 analysts’ expectations of $92.27 billion. During the same period last year, the business earned $1.05 earnings per share. NVIDIA’s quarterly revenue was up 105.9% on a year-over-year basis. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were paid 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%.

NVIDIA declared that its Board of Directors has authorized a share repurchase program on Monday, September 28th that permits the company to repurchase $150 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to reacquire up to 2.8% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

About NVIDIA

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.