NVIDIA Corporation $NVDA Stock Holdings Raised by Perpetual Ltd

Perpetual Ltd boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 36.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 786,558 shares of the computer hardware maker’s stock after purchasing an additional 211,658 shares during the quarter. NVIDIA comprises 2.8% of Perpetual Ltd’s holdings, making the stock its 7th largest holding. Perpetual Ltd’s holdings in NVIDIA were worth $179,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Montgomery Financial Services LLC bought a new stake in shares of NVIDIA in the 2nd quarter valued at about $28,000. Langley Wealth Management LLC bought a new position in shares of NVIDIA during the 2nd quarter worth approximately $34,000. Phillip James Consulting Co. bought a new position in shares of NVIDIA during the 1st quarter worth approximately $40,000. Bard Associates Inc. raised its stake in shares of NVIDIA by 8,866.7% during 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 in the last quarter. Finally, Frankly Finances LLC purchased a new stake in NVIDIA during the second quarter valued at approximately $60,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 2.3%

NVDA stock opened at $206.65 on Wednesday. The stock has a market capitalization of $4.98 trillion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.55 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 company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $221.45 and a 200 day moving average of $204.44.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The business had revenue of $96.22 billion for 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%. NVIDIA’s revenue for the quarter was up 105.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 EPS. Sell-side analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA declared that its board has initiated a share repurchase program on Monday, September 28th that allows the company to repurchase $150 billion in shares. This buyback authorization allows the computer hardware maker to purchase up to 2.8% of its stock through open market purchases. Share buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued 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 payout ratio is 12.64%.

Insider Activity

In other news, EVP Timothy S. Teter sold 30,460 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the firm’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 completion of the transaction, the chief financial officer owned 765,103 shares of the company’s stock, valued at approximately $167,595,812.15. The trade was 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 1,766,118 shares of company stock valued at $399,450,353 over the last ninety days. 3.94% of the stock is currently owned by insiders.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: The sector recovery helped NVIDIA rebound after four consecutive losing sessions. Some coverage also described the recent pullback as a potential buying opportunity, citing the company’s strong revenue growth and continued demand for AI chips. Nvidia stock up over 3%: what’s driving Tuesday’s rally?
• Positive Sentiment: NVIDIA’s proposed DSX POD modular design aims to shorten AI-factory deployment to 14 days. Faster installation could let customers put GPUs to work and generate returns sooner, potentially supporting infrastructure demand. Nvidia’s New 14-Day AI Deployment Goal Could Unlock Faster Growth
• Neutral Sentiment: Reports say NVIDIA is asking cloud and data-center partners to ensure at least 51% of services sales come from customers outside China, in response to U.S. export rules. The move may help partners comply, but the reports do not quantify the effect on NVIDIA’s sales. What Is Nvidia Asking Cloud Clients To Change Under New China Rules?
• Negative Sentiment: Broader worries about the AI trade remain a headwind: reports point to a substantial recent decline in AI-stock valuations and hedge funds reducing exposure. A warning that Chinese AI-chip competitors could expand overseas adds to uncertainty ahead of NVIDIA’s November 17 earnings report. AI Stocks Lose $5 Trillion in 3 Weeks as Hedge Funds Go Underweight AI

Wall Street Analyst Weigh In

Several brokerages have weighed in on NVDA. JPMorgan Chase & Co. raised their target price on shares of NVIDIA from $280.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. KGI Securities upped their price target on NVIDIA from $335.00 to $345.00 in a research report on Thursday, August 27th. Jefferies Financial Group reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, August 26th. Rosenblatt Securities reissued a “buy” rating and issued a $390.00 price objective on shares of NVIDIA in a research report on Tuesday, September 29th. Finally, BNP Paribas Exane reissued an “outperform” rating and issued a $345.00 price objective on shares of NVIDIA in a research report on Monday, October 5th. Five investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus target price of $318.85.

NVIDIA Company Profile

NVIDIA Corporation (NASDAQ: NVDA) is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company’s products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.