NVIDIA Corporation $NVDA Shares Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 387.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 521,228 shares of the computer hardware maker’s stock after buying an additional 414,330 shares during the quarter. NVIDIA makes up about 3.4% of Sax Wealth Advisors LLC’s holdings, making the stock its 4th largest position. Sax Wealth Advisors LLC’s holdings in NVIDIA were worth $119,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Boyd Wealth Management LLC raised its stake in NVIDIA by 273.4% during the 2nd quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker’s stock worth $1,830,000 after acquiring an additional 6,696 shares in the last quarter. Ally Financial Inc. lifted its position in NVIDIA by 10.3% in the second quarter. Ally Financial Inc. now owns 172,000 shares of the computer hardware maker’s stock valued at $34,415,000 after acquiring an additional 16,000 shares during the last quarter. Altshuler Shaham Ltd lifted its position in NVIDIA by 6,451.9% in the first quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker’s stock valued at $111,134,000 after acquiring an additional 627,510 shares during the last quarter. Vanguard Capital Wealth Advisors boosted its stake in NVIDIA by 5.6% in the second quarter. Vanguard Capital Wealth Advisors now owns 52,163 shares of the computer hardware maker’s stock valued at $10,437,000 after acquiring an additional 2,758 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its stake in NVIDIA by 7.4% in the second quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker’s stock valued at $14,386,000 after acquiring an additional 4,958 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on NVDA. KeyCorp reaffirmed an “overweight” rating and set a $330.00 price objective on shares of NVIDIA in a report on Monday, August 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of NVIDIA in a report on Monday, August 31st. Piper Sandler began coverage on NVIDIA in a report on Wednesday, September 9th. They issued an “overweight” rating and a $300.00 target price for the company. KGI Securities upped their target price on NVIDIA from $335.00 to $345.00 in a research report on Thursday, August 27th. Finally, Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a research note on Monday, September 21st. Five equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $318.85.

NVIDIA Stock Up 2.3%

Shares of NASDAQ:NVDA opened at $206.65 on Wednesday. The stock has a market cap of $4.98 trillion, a P/E ratio of 26.13, a P/E/G ratio of 1.55 and a beta of 2.21. The firm has a fifty day moving average price of $221.45 and a 200 day moving average price of $204.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37.

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

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders 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 annualized dividend and a dividend yield of 0.5%. NVIDIA’s dividend payout ratio is 12.64%.

NVIDIA declared that its Board of Directors 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 purchase 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 shares are undervalued.

Key Headlines Impacting NVIDIA

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

Insider Transactions at NVIDIA

In related news, EVP Timothy Teter sold 30,460 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares of the company’s stock, valued at $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 firm’s 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 transaction, the director directly 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,766,118 shares of company stock worth $399,450,353. Company insiders own 3.94% of the company’s stock.

About NVIDIA

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.