NVIDIA Corporation $NVDA Stock Sold by Titleist Asset Management LLC

Titleist Asset Management LLC decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.7% during the third quarter, Holdings Channel reports. The firm owned 217,360 shares of the computer hardware maker’s stock after selling 3,659 shares during the quarter. NVIDIA comprises about 3.2% of Titleist Asset Management LLC’s holdings, making the stock its 3rd biggest position. Titleist Asset Management LLC’s holdings in NVIDIA were worth $49,640,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Everhart Financial Group Inc. grew its position in NVIDIA by 3.9% during the third quarter. Everhart Financial Group Inc. now owns 250,133 shares of the computer hardware maker’s stock valued at $57,125,000 after buying an additional 9,279 shares during the period. Veracity Capital LLC increased its holdings in NVIDIA by 6.4% during the third quarter. Veracity Capital LLC now owns 28,556 shares of the computer hardware maker’s stock valued at $6,522,000 after buying an additional 1,723 shares during the last quarter. Plan A Wealth LLC increased its holdings in NVIDIA by 3.8% during the third quarter. Plan A Wealth LLC now owns 30,413 shares of the computer hardware maker’s stock valued at $6,946,000 after buying an additional 1,101 shares during the last quarter. Peterson Wealth Advisors LLC raised its position in NVIDIA by 5.3% in the third quarter. Peterson Wealth Advisors LLC now owns 3,505 shares of the computer hardware maker’s stock worth $800,000 after acquiring an additional 175 shares during the period. Finally, New Covenant Trust Company N.A. raised its position in NVIDIA by 13.8% in the third quarter. New Covenant Trust Company N.A. now owns 29,235 shares of the computer hardware maker’s stock worth $6,677,000 after acquiring an additional 3,552 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

NASDAQ NVDA opened at $204.64 on Friday. 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 stock has a market cap of $4.93 trillion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.64 and a beta of 2.22. The company’s 50 day moving average is $221.74 and its two-hundred day moving average is $204.24.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results 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 business 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 company’s revenue was up 105.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. As a group, research analysts anticipate that NVIDIA Corporation will post 9.30 earnings per share for the current year.

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

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid 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 dividend yield of 0.5%. NVIDIA’s payout ratio is 12.64%.

Insider Activity at NVIDIA

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

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
• Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
• Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

Wall Street Analysts Forecast Growth

NVDA has been the topic of several analyst reports. Wells Fargo & Company set a $210.00 price target on shares of NVIDIA in a research note on Friday, October 2nd. JPMorgan Chase & Co. upped their price objective on NVIDIA from $280.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Melius Research set a $420.00 target price on NVIDIA in a report on Thursday, August 27th. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a report on Friday, October 9th. Finally, Wedbush lifted their target price on NVIDIA from $330.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Five analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $321.47.

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.