NVIDIA Corporation $NVDA Shares Bought by Pension & Wealth Management Advisors Inc.

Pension & Wealth Management Advisors Inc. grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 45.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,132 shares of the computer hardware maker’s stock after acquiring an additional 9,770 shares during the quarter. NVIDIA accounts for approximately 1.6% of Pension & Wealth Management Advisors Inc.’s holdings, making the stock its 12th largest holding. Pension & Wealth Management Advisors Inc.’s holdings in NVIDIA were worth $7,110,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Retirement Wealth Solutions LLC grew its position in NVIDIA by 1.2% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 4,121 shares of the computer hardware maker’s stock worth $825,000 after purchasing an additional 47 shares during the last quarter. LightSquare Wealth Management LLC increased its stake in NVIDIA by 0.3% during the 2nd quarter. LightSquare Wealth Management LLC now owns 18,695 shares of the computer hardware maker’s stock valued at $3,741,000 after purchasing an additional 49 shares in the last quarter. Defender Capital LLC. increased its stake in NVIDIA by 0.7% during the 2nd quarter. Defender Capital LLC. now owns 7,534 shares of the computer hardware maker’s stock valued at $1,507,000 after purchasing an additional 50 shares in the last quarter. Kooman & Associates raised its holdings in shares of NVIDIA by 0.6% in the second quarter. Kooman & Associates now owns 8,464 shares of the computer hardware maker’s stock worth $1,694,000 after buying an additional 50 shares during the last quarter. Finally, Roof Eidam Maycock Peralta LLC raised its holdings in shares of NVIDIA by 0.3% in the second quarter. Roof Eidam Maycock Peralta LLC now owns 18,827 shares of the computer hardware maker’s stock worth $3,767,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research reports. Melius Research lowered their price objective on shares of NVIDIA from $420.00 to $315.00 and set a “buy” rating for the company in a research note on Monday, November 2nd. KeyCorp reissued an “overweight” rating and issued a $330.00 target price on shares of NVIDIA in a research report on Monday, August 24th. President Capital raised their target price on NVIDIA from $295.00 to $330.00 in a research note on Thursday, August 27th. Rothschild & Co Redburn raised their target price on NVIDIA from $300.00 to $325.00 in a research note on Thursday, August 27th. Finally, KGI Securities lifted their price target on NVIDIA from $335.00 to $345.00 in a research report on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $314.24.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of the company’s 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 of the company’s stock, valued at approximately $598,810,648. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the sale, the director directly owned 2,336,531 shares in the company, valued at $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,766,118 shares of company stock worth $399,450,353 over the last three months. Company insiders own 3.94% of the company’s stock.

Top NVIDIA Stories

Investors following NVDA have been watching these stories:

• Positive Sentiment: Better-than-expected results from AI cloud provider CoreWeave revived confidence that data-center infrastructure spending remains strong, supporting demand for NVIDIA’s chips. Article: Nvidia rebounds as CoreWeave earnings reignite the AI trade
• Neutral Sentiment: Analyst views remain divided: Baird cut its rating to Neutral and sharply lowered its target, while Morgan Stanley retained an Overweight rating and a $300 target. Article: Analysts disagree on Nvidia
• Negative Sentiment: Competition may intensify as OpenAI reportedly plans more vertically integrated infrastructure, including its own chips, while Alphabet is advancing its TPU systems. Both developments could reduce reliance on NVIDIA over time. Article: Alphabet escalates AI chip rivalry

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $173.73 on Thursday. 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 Corporation has a 12 month low of $164.27 and a 12 month high of $243.37. The company has a 50 day simple moving average of $217.12 and a two-hundred day simple moving average of $204.35. The stock has a market cap of $4.19 trillion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.30 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate of $2.09 by $0.13. The business 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 business’s revenue for the quarter was up 105.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. As a group, analysts predict that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. NVIDIA’s payout ratio is currently 12.64%.

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

NVIDIA Company 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.