NVIDIA Corporation $NVDA Stock Holdings Increased by Uptown Financial Advisors LLC

Uptown Financial Advisors LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 93.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,895 shares of the computer hardware maker’s stock after purchasing an additional 5,249 shares during the quarter. NVIDIA comprises approximately 1.8% of Uptown Financial Advisors LLC’s portfolio, making the stock its 14th biggest holding. Uptown Financial Advisors LLC’s holdings in NVIDIA were worth $2,488,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Two West Capital Advisors LLC grew its position in NVIDIA by 3.2% in the 3rd quarter. Two West Capital Advisors LLC now owns 4,224 shares of the computer hardware maker’s stock valued at $960,000 after purchasing an additional 132 shares during the period. V Square Quantitative Management LLC raised its position in NVIDIA by 0.9% in the third quarter. V Square Quantitative Management LLC now owns 468,375 shares of the computer hardware maker’s stock worth $106,967,000 after acquiring an additional 4,273 shares during the period. Davidson Capital Management Inc. grew its stake in shares of NVIDIA by 1.8% during the 3rd quarter. Davidson Capital Management Inc. now owns 30,562 shares of the computer hardware maker’s stock worth $6,980,000 after acquiring an additional 541 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of NVIDIA by 5.6% during the 3rd quarter. AdvisorNet Financial Inc now owns 137,551 shares of the computer hardware maker’s stock valued at $30,440,000 after buying an additional 7,302 shares in the last quarter. Finally, Barlow Wealth Partners LLC grew its position in shares of NVIDIA by 0.8% in the third quarter. Barlow Wealth Partners LLC now owns 227,473 shares of the computer hardware maker’s stock valued at $54,421,000 after purchasing an additional 1,697 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on NVDA shares. TD Cowen restated a “buy” rating on shares of NVIDIA in a research report on Tuesday, August 18th. Weiss Ratings cut NVIDIA from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, November 2nd. JPMorgan Chase & Co. lifted their price target on NVIDIA from $280.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. KGI Securities lifted their price target on NVIDIA from $335.00 to $345.00 in a research report on Thursday, August 27th. Finally, President Capital raised their target price on shares of NVIDIA from $295.00 to $330.00 in a research note on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $317.57.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s underlying business remains strong: its latest reported quarter beat estimates, with revenue up 105.9% year over year. That growth may help support the stock if the controversy does not disrupt operations. Article: Jensen Huang Might Be the Biggest Wild Card for Nvidia Stock
• Positive Sentiment: The company also announced a South Korean AI-infrastructure collaboration with Rebellions and SK Telecom, extending use of NVIDIA’s NVLink platform. Article: NVIDIA, Rebellions and SK Telecom Announce Collaboration
• Neutral Sentiment: NVIDIA’s board has begun an independent investigation into reports that Huang was targeted by a foreign intelligence effort. The board said it has no reason to believe company secrets or national security were compromised; Huang says he is cooperating. The outcome remains uncertain. Article: Statement from NVIDIA Board of Directors
• Negative Sentiment: The investigation follows Huang’s admission of an affair with Alice Huang, a former executive at a company that buys NVIDIA chips, who U.S. intelligence reportedly suspects of links to Chinese intelligence. Investors are concerned about potential exposure of sensitive information, reputational damage, and complications for NVIDIA’s China business. Article: Nvidia Shares Slump on Spy Probe
• Negative Sentiment: Shareholder litigation and possible congressional scrutiny add legal and regulatory risks. Questions about Huang’s future also weigh on sentiment, as reports say NVIDIA has no clear public succession plan for its founder and long-serving CEO. Article: Nvidia’s CEO Turmoil Gives Democrats Fresh Ammunition for Oversight Article: Jensen Huang Affair Puts Nvidia’s Future at Risk

NVIDIA Stock Down 4.3%

NVDA opened at $178.67 on Tuesday. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $243.37. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $219.03 and its 200-day moving average price is $204.50. The company has a market cap of $4.31 trillion, a P/E ratio of 22.59, a P/E/G ratio of 1.54 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $92.27 billion. During the same period in the prior year, the business posted $1.05 EPS. NVIDIA’s quarterly revenue was up 105.9% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were given a $0.25 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.6%. NVIDIA’s payout ratio is presently 12.64%.

NVIDIA declared that its board has initiated a share repurchase plan 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 plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other 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 owned 2,687,660 shares of the company’s stock, valued at approximately $598,810,648. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 765,103 shares in the company, valued at $167,595,812.15. This represents a 4.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,766,118 shares of company stock valued at $399,450,353. 3.94% of the stock is currently owned by company insiders.

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.