NVIDIA Corporation $NVDA Shares Sold by Perryman Financial Advisory Inc. AD

Perryman Financial Advisory Inc. AD cut its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 409,627 shares of the computer hardware maker’s stock after selling 3,047 shares during the period. NVIDIA makes up 12.5% of Perryman Financial Advisory Inc. AD’s investment portfolio, making the stock its biggest holding. Perryman Financial Advisory Inc. AD’s holdings in NVIDIA were worth $93,551,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of NVIDIA by 1.6% during the 2nd quarter. State Street Corp now owns 1,009,783,437 shares of the computer hardware maker’s stock valued at $202,047,568,000 after acquiring an additional 15,897,836 shares during the last quarter. Bank of America Corp DE raised its stake in shares of NVIDIA by 2.2% in the 2nd quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker’s stock valued at $39,090,956,000 after acquiring an additional 4,165,875 shares in the last quarter. Amundi raised its stake in shares of NVIDIA by 10.4% in the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock valued at $23,329,141,000 after acquiring an additional 12,575,177 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in NVIDIA by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker’s stock worth $16,479,126,000 after purchasing an additional 555,221 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in NVIDIA by 2.3% in the 2nd quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker’s stock worth $18,399,108,000 after purchasing an additional 2,045,101 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark Stevens sold 622,239 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of the transaction, the director directly owned 2,336,531 shares of the company’s stock, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the sale, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. This trade represents a 4.36% 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. In the last 90 days, insiders sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $173.73 on Thursday. The firm has a market capitalization of $4.19 trillion, a PE ratio of 21.96, a PEG ratio of 1.30 and a beta of 2.21. 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 1-year low of $164.27 and a 1-year high of $243.37. The business’s 50 day moving average is $217.12 and its 200-day moving average is $204.35.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The business had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. NVIDIA’s revenue was up 105.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. Sell-side analysts predict that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA announced that its board has authorized a stock repurchase plan on Monday, September 28th that authorizes the company to buy back $150 billion in shares. This repurchase authorization authorizes the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

NVIDIA Announces Dividend

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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 10th. NVIDIA’s payout ratio is 12.64%.

Latest NVIDIA News

These are some of the NVDA news items that stood out recently:

• 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: The New York Times reported a second alleged relationship involving Huang and a direct report; the Wall Street Journal separately reported that NVIDIA’s board is preparing to oust him. The reports raise leadership, governance, and succession concerns for a company closely associated with its longtime CEO. Article: Report on Huang’s future at Nvidia
• Negative Sentiment: Allegations around Huang’s ties to a woman suspected of Chinese intelligence links have widened into national-security and export-control concerns. Congressional scrutiny and reports of restricted chips reaching Chinese buyers could invite tighter rules and legal or reputational fallout; the claims remain under investigation. Article: Nvidia controversy revives chip-export debate

Analyst Ratings Changes

A number of equities research analysts have issued reports on NVDA shares. Wedbush upped their target price on NVIDIA from $330.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. HSBC lifted their price target on shares of NVIDIA from $360.00 to $365.00 in a research report on Thursday, August 27th. Citigroup reduced their price objective on shares of NVIDIA from $315.00 to $285.00 and set a “buy” rating for the company in a research note on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $330.00 price objective on shares of NVIDIA in a report on Monday. Finally, Robert W. Baird downgraded shares of NVIDIA from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $500.00 to $200.00 in a report on Wednesday. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $314.24.

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.