NVIDIA Corporation $NVDA Stock Bought by Formuepleje A S

Formuepleje A S grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 10.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 508,536 shares of the computer hardware maker’s stock after buying an additional 47,598 shares during the quarter. NVIDIA comprises about 10.0% of Formuepleje A S’s investment portfolio, making the stock its largest holding. Formuepleje A S’s holdings in NVIDIA were worth $116,139,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Turtle Creek Wealth Advisors LLC increased its position in shares of NVIDIA by 5.2% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 335,027 shares of the computer hardware maker’s stock worth $76,514,000 after acquiring an additional 16,549 shares during the period. WealthPlan Investment Management LLC boosted its holdings in NVIDIA by 4.2% in the third quarter. WealthPlan Investment Management LLC now owns 273,587 shares of the computer hardware maker’s stock valued at $62,482,000 after purchasing an additional 11,103 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in NVIDIA by 4.7% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 66,862 shares of the computer hardware maker’s stock valued at $15,270,000 after purchasing an additional 3,013 shares during the period. Nvwm LLC boosted its holdings in NVIDIA by 1.4% in the third quarter. Nvwm LLC now owns 86,063 shares of the computer hardware maker’s stock valued at $19,655,000 after purchasing an additional 1,164 shares during the period. Finally, Financial Life Advisors grew its stake in NVIDIA by 451.3% during the 3rd quarter. Financial Life Advisors now owns 6,119 shares of the computer hardware maker’s stock worth $1,397,000 after purchasing an additional 5,009 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TD Cowen restated a “buy” rating on shares of NVIDIA in a report on Tuesday, August 18th. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research report on Friday, October 9th. Daiwa Securities Group decreased their price objective on NVIDIA from $255.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, September 17th. Mizuho set a $315.00 price objective on NVIDIA and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Finally, BNP Paribas Exane reissued an “outperform” rating and set a $345.00 price objective on shares of NVIDIA in a research report on Monday, October 5th. Five research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus price target of $318.85.

Insiders Place Their Bets

In other news, 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 transaction of $7,648,787.90. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the stock in a transaction dated 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 owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,766,118 shares of company stock valued at $399,450,353 in the last ninety days. Insiders own 3.94% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $186.64 on Monday. The stock has a market cap of $4.50 trillion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.43 and a beta of 2.21. The company has a fifty day simple moving average of $219.80 and a 200-day simple moving average of $204.53. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month high of $243.37. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 63.66% and a return on equity of 96.04%. The company’s revenue was up 105.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Equities 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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 10th. NVIDIA’s payout ratio is 12.64%.

NVIDIA declared that its Board of Directors has initiated a share buyback plan on Monday, September 28th that allows the company to repurchase $150 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Share repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Key NVIDIA News

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

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.