NVIDIA Corporation $NVDA Stock: Thurston Springer Miller Herd & Titak Inc. Decreases Position

Thurston Springer Miller Herd & Titak Inc. lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 83.9% in the third quarter, Holdings Channel reports. The fund owned 5,680 shares of the computer hardware maker’s stock after selling 29,666 shares during the period. NVIDIA makes up approximately 2.1% of Thurston Springer Miller Herd & Titak Inc.’s portfolio, making the stock its 4th biggest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in NVIDIA were worth $1,297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Montgomery Financial Services LLC purchased a new stake in shares of NVIDIA during the 2nd quarter worth $28,000. Phillip James Consulting Co. purchased a new position in NVIDIA in the first quarter valued at $40,000. Bard Associates Inc. increased its holdings in NVIDIA by 8,866.7% in the second quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock valued at $54,000 after buying an additional 266 shares during the last quarter. Frankly Finances LLC purchased a new position in NVIDIA in the second quarter valued at $60,000. Finally, ABS Investment Management LLC acquired a new stake in NVIDIA in the second quarter valued at $80,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded up $5.04 on Friday, reaching $186.64. The company’s stock had a trading volume of 179,613,679 shares, compared to its average volume of 100,673,888. The stock’s 50-day moving average is $219.80 and its two-hundred day moving average is $204.53. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $243.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. The stock has a market capitalization of $4.50 trillion, a P/E ratio of 23.60, a PEG ratio of 1.55 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The business’s quarterly revenue was up 105.9% compared to the same quarter last year. As a group, sell-side analysts forecast that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA’s dividend payout ratio is currently 12.64%.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. DZ Bank reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday, August 26th. Yorkville Ives assumed coverage on NVIDIA in a report on Tuesday, October 6th. They issued an “outperform” rating and a $300.00 price objective on the stock. Weiss Ratings downgraded NVIDIA from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday. President Capital raised their target price on NVIDIA from $295.00 to $330.00 in a research report on Thursday, August 27th. Finally, Deutsche Bank Aktiengesellschaft restated 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 assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, NVIDIA has an average rating of “Buy” and an average price target of $318.85.

NVIDIA News Roundup

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

Insiders Place Their Bets

In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 2,687,660 shares of the company’s stock, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of NVIDIA 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 trade represents a 21.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,766,118 shares of company stock valued at $399,450,353. 3.94% of the stock is owned by company insiders.

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.