Hardin Capital Partners LLC Acquires New Holdings in NVIDIA Corporation $NVDA

Hardin Capital Partners LLC bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the third quarter, Holdings Channel reports. The fund bought 2,759 shares of the computer hardware maker’s stock, valued at approximately $630,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Montgomery Financial Services LLC bought a new position in shares of NVIDIA in the second quarter worth $28,000. Phillip James Consulting Co. bought a new stake in NVIDIA during the first quarter valued at $40,000. Bard Associates Inc. grew its position in NVIDIA by 8,866.7% during the second quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock worth $54,000 after buying an additional 266 shares in the last quarter. Frankly Finances LLC bought a new position in NVIDIA in the 2nd quarter worth about $60,000. Finally, ABS Investment Management LLC bought a new position in NVIDIA in the 2nd quarter worth about $80,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 4.2%

Shares of NVDA stock opened at $204.64 on Friday. The business has a 50-day moving average price of $221.74 and a two-hundred day moving average price of $204.24. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month 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 market cap of $4.93 trillion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 1.57 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion for 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%. The company’s revenue was up 105.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 EPS. Equities analysts anticipate that NVIDIA Corporation will post 9.30 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Monday, September 28th that permits the company to buy back $150 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Stock repurchase programs are generally a sign that the company’s board 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 given 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 was Thursday, September 10th. NVIDIA’s dividend payout ratio (DPR) is presently 12.64%.

Insiders Place Their Bets

In other news, Director Mark Stevens sold 622,239 shares of the business’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 sale, the director directly owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Teter sold 30,460 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the sale, the executive vice president owned 2,687,660 shares of the company’s stock, valued at $598,810,648. This represents a 1.12% 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. Over the last ninety days, insiders have sold 1,766,118 shares of company stock valued at $399,450,353. 3.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on NVDA. Wells Fargo & Company set a $210.00 price target on NVIDIA in a report on Friday, October 2nd. China Renaissance boosted their price objective on NVIDIA from $319.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Piper Sandler started coverage on shares of NVIDIA in a research report on Wednesday, September 9th. They issued an “overweight” rating and a $300.00 price objective on the stock. Mizuho set a $315.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a research note on Thursday, August 27th. Finally, KGI Securities lifted their target price on shares of NVIDIA from $335.00 to $345.00 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 given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $321.47.

More NVIDIA News

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

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.