V Square Quantitative Management LLC Buys 4,273 Shares of NVIDIA Corporation $NVDA

V Square Quantitative Management LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 468,375 shares of the computer hardware maker’s stock after acquiring an additional 4,273 shares during the quarter. NVIDIA makes up approximately 9.9% of V Square Quantitative Management LLC’s holdings, making the stock its 2nd largest position. V Square Quantitative Management LLC’s holdings in NVIDIA were worth $106,967,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Davidson Capital Management Inc. increased its stake in shares of NVIDIA by 1.8% during the third quarter. Davidson Capital Management Inc. now owns 30,562 shares of the computer hardware maker’s stock valued at $6,980,000 after purchasing an additional 541 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of NVIDIA by 5.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 137,551 shares of the computer hardware maker’s stock worth $30,440,000 after purchasing an additional 7,302 shares in the last quarter. Barlow Wealth Partners LLC boosted its position in shares of NVIDIA by 0.8% in the 3rd quarter. Barlow Wealth Partners LLC now owns 227,473 shares of the computer hardware maker’s stock worth $54,421,000 after purchasing an additional 1,697 shares in the last quarter. Blueline Advisors LLC grew its stake in shares of NVIDIA by 40.8% in the 3rd quarter. Blueline Advisors LLC now owns 1,690 shares of the computer hardware maker’s stock worth $386,000 after buying an additional 490 shares during the last quarter. Finally, Triasima Portfolio Management inc. grew its stake in shares of NVIDIA by 14.6% in the 3rd quarter. Triasima Portfolio Management inc. now owns 59,171 shares of the computer hardware maker’s stock worth $13,513,000 after buying an additional 7,522 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s underlying business remains strong: its latest reported quarter beat estimates, with revenue up 105.9% year over year. That growth may help support the stock if the controversy does not disrupt operations. Article: Jensen Huang Might Be the Biggest Wild Card for Nvidia Stock
• Positive Sentiment: The company also announced a South Korean AI-infrastructure collaboration with Rebellions and SK Telecom, extending use of NVIDIA’s NVLink platform. Article: NVIDIA, Rebellions and SK Telecom Announce Collaboration
• Neutral Sentiment: NVIDIA’s board has begun an independent investigation into reports that Huang was targeted by a foreign intelligence effort. The board said it has no reason to believe company secrets or national security were compromised; Huang says he is cooperating. The outcome remains uncertain. Article: Statement from NVIDIA Board of Directors
• Negative Sentiment: The investigation follows Huang’s admission of an affair with Alice Huang, a former executive at a company that buys NVIDIA chips, who U.S. intelligence reportedly suspects of links to Chinese intelligence. Investors are concerned about potential exposure of sensitive information, reputational damage, and complications for NVIDIA’s China business. Article: Nvidia Shares Slump on Spy Probe
• Negative Sentiment: Shareholder litigation and possible congressional scrutiny add legal and regulatory risks. Questions about Huang’s future also weigh on sentiment, as reports say NVIDIA has no clear public succession plan for its founder and long-serving CEO. Article: Nvidia’s CEO Turmoil Gives Democrats Fresh Ammunition for Oversight Article: Jensen Huang Affair Puts Nvidia’s Future at Risk

Insider Transactions at NVIDIA

In other news, Director Mark Stevens sold 622,239 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the transaction, the director directly owned 2,336,531 shares of the company’s stock, valued at $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Timothy Teter sold 30,460 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,766,118 shares of company stock worth $399,450,353 over the last quarter. 3.94% of the stock is currently owned by insiders.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. Wall Street Zen lowered NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 24th. President Capital boosted their target price on NVIDIA from $295.00 to $330.00 in a report on Thursday, August 27th. HSBC increased their target price on NVIDIA from $360.00 to $365.00 in a research note on Thursday, August 27th. Sanford C. Bernstein restated an “outperform” rating on shares of NVIDIA in a report on Monday. Finally, Wells Fargo & Company set a $210.00 price target on NVIDIA in a report on Friday, October 2nd. Five investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $317.57.

NVIDIA Trading Down 4.3%

NASDAQ:NVDA opened at $178.67 on Tuesday. The stock has a market cap of $4.31 trillion, a price-to-earnings ratio of 22.59, a PEG ratio of 1.54 and a beta of 2.21. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average price is $219.03 and its 200-day moving average price is $204.50. NVIDIA Corporation has a 52 week low of $164.27 and a 52 week high of $243.37.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm’s revenue for the quarter was up 105.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 EPS. On average, equities research analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has approved a share repurchase program on Monday, September 28th that authorizes the company to repurchase $150 billion in shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders 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 annualized dividend and a dividend yield of 0.6%. NVIDIA’s payout ratio is currently 12.64%.

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.