NVIDIA Corporation $NVDA Stock: Sanders Morris Harris LLC Grows Holdings

Sanders Morris Harris LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 566.2% during the 3rd quarter, Holdings Channel reports. The firm owned 177,086 shares of the computer hardware maker’s stock after purchasing an additional 150,503 shares during the period. NVIDIA makes up approximately 5.3% of Sanders Morris Harris LLC’s portfolio, making the stock its biggest position. Sanders Morris Harris LLC’s holdings in NVIDIA were worth $40,380,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NVDA. Montgomery Financial Services LLC acquired a new stake in NVIDIA during the 2nd quarter worth $28,000. Phillip James Consulting Co. bought a new stake in shares of NVIDIA during the 1st quarter valued at $40,000. Bard Associates Inc. lifted its stake in shares of NVIDIA by 8,866.7% in the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock valued at $54,000 after purchasing an additional 266 shares during the period. Frankly Finances LLC acquired a new position in shares of NVIDIA in the 2nd quarter valued at $60,000. Finally, ABS Investment Management LLC acquired a new position in shares of NVIDIA in the 2nd quarter valued at $80,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NVDA. KGI Securities lifted their price objective on NVIDIA from $335.00 to $345.00 in a research note on Thursday, August 27th. The Goldman Sachs Group reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, October 21st. BNP Paribas Exane restated an “outperform” rating and set a $345.00 target price on shares of NVIDIA in a report on Monday, October 5th. Wells Fargo & Company set a $210.00 target price on NVIDIA in a research report on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of NVIDIA in a research note on Monday, August 31st. Five equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $318.85.

NVIDIA Trading Up 2.8%

Shares of NVIDIA stock traded up $5.04 during trading hours on Friday, hitting $186.64. The company’s stock had a trading volume of 179,613,679 shares, compared to its average volume of 100,673,888. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $243.37. The stock has a 50 day moving average of $219.80 and a 200 day moving average of $204.53. The company has a market capitalization of $4.50 trillion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.55 and a beta of 2.21. 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 (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The company had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. During the same quarter last year, the firm posted $1.05 earnings per share. NVIDIA’s revenue was up 105.9% compared to the same quarter last year. Analysts predict that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 10th. NVIDIA’s dividend payout ratio is presently 12.64%.

NVIDIA declared that its Board of Directors has authorized a share buyback program on Monday, September 28th that authorizes the company to repurchase $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. Share repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 622,239 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the transaction, the director 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 34,918 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the sale, the chief financial officer directly owned 765,103 shares of the company’s stock, valued at $167,595,812.15. This represents a 4.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,766,118 shares of company stock worth $399,450,353. Company insiders own 3.94% of the company’s stock.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Some investors see the decline as a buying opportunity, citing NVIDIA’s strong AI-chip position and profitability. ARK Invest also reportedly added $45.9 million of NVDA shares during the sell-off. Nvidia Stock Rises on Dip-Buying: 3 Reasons to Be Optimistic
• Positive Sentiment: CEO Jensen Huang says the next-generation Vera Rubin platform could generate more revenue per gigawatt of data-center capacity than the current platform, supporting the case for continued growth. Jensen Huang Says Nvidia’s Next-Gen Vera Rubin Chips Will Generate $40 Billion in Revenue per Gigawatt
• Neutral Sentiment: NVIDIA’s upcoming Nov. 17 results are a key near-term catalyst: investors will look for evidence that demand and guidance can ease fears about AI spending and justify the stock’s recovery. Nvidia Investors Need to Be Paying Attention on Nov. 17
• Negative Sentiment: The rebound follows a steep sell-off that wiped roughly $450 billion from NVIDIA’s market value. Investors are worried that a Democratic-led Congress, data-center permitting or regulatory hurdles, high capital costs, and uncertain returns could delay infrastructure projects and weaken future chip demand. AI stocks hammered by midterm shock as data center buildout becomes a ‘war of attrition’
• Negative Sentiment: Reports that NVIDIA may be taking on greater exposure to financially strained “neocloud” customers raise concern that it could face risks beyond selling chips if those providers struggle to fund data centers. As neoclouds face a financial reckoning, Nvidia has to decide how far to go to help

About NVIDIA

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.