NVIDIA Corporation $NVDA Holdings Increased by Milestone Asset Management LLC

Milestone Asset Management LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA) by 72.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,968 shares of the computer hardware maker’s stock after acquiring an additional 38,658 shares during the period. NVIDIA comprises 3.3% of Milestone Asset Management LLC’s portfolio, making the stock its 4th largest holding. Milestone Asset Management LLC’s holdings in NVIDIA were worth $21,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Montgomery Financial Services LLC purchased a new stake in NVIDIA in the 2nd quarter valued at approximately $28,000. Newton One Investments LLC purchased a new position in shares of NVIDIA during the 3rd quarter worth approximately $34,000. Phillip James Consulting Co. purchased a new position in shares of NVIDIA during the 1st quarter worth approximately $40,000. Bard Associates Inc. raised its stake in shares of NVIDIA by 8,866.7% during the 2nd 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. Finally, Frankly Finances LLC acquired a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $60,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NVDA opened at $168.93 on Wednesday. The stock has a market cap of $4.07 trillion, a P/E ratio of 21.36, a P/E/G ratio of 1.37 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. The stock’s 50 day simple moving average is $217.99 and its 200 day simple moving average is $204.42. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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. The firm had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. NVIDIA’s quarterly revenue was up 105.9% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. As a group, equities analysts anticipate that NVIDIA Corporation will post 9.30 EPS for the current fiscal year.

NVIDIA announced that its board has approved a stock repurchase plan on Monday, September 28th that allows the company to buy back $150 billion in shares. This repurchase authorization allows the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

NVIDIA Dividend Announcement

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

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA, Rebellions and SK Telecom announced a collaboration to combine NVIDIA’s NVLink Fusion and infrastructure with Korean-designed AI processors, supporting the company’s effort to expand its platform and partnerships. Article: NVIDIA, Rebellions and SK Telecom collaboration
• Neutral Sentiment: Some analysts remain positive despite trimming targets: Citi lowered its target but kept a Buy rating, while Wells Fargo cut its target and maintained Overweight. Investors are also looking ahead to NVIDIA’s November 17 earnings report. Article: Nvidia Stock Falls as Citi Trims Price Target
• Negative Sentiment: The board has retained outside counsel for an independent investigation into reports that Huang was targeted by a foreign intelligence effort. FBI and congressional scrutiny raises risks of reputational damage, governance concerns and possible regulatory attention; investors are also focused on NVIDIA’s reliance on Huang and lack of a clear public succession plan. Article: Nvidia hires law firm to lead Jensen Huang probe
• Negative Sentiment: A report alleged that Huang’s relationship with Alice Huang helped facilitate at least $7.5 billion in chip shipments to Chinese firms, including companies reportedly subject to restrictions. The claims have not been established, and Reuters could not independently verify the report, but they intensify export-control and national-security concerns. Article: Why Nvidia Stock Just Fell Again
• Negative Sentiment: Shareholder securities class actions have been filed alleging investors were not adequately informed; the claims are allegations, not findings of wrongdoing. Separately, rising Treasury yields and a broader technology sell-off are weighing on growth-stock valuations. Article: NVIDIA securities class action notice

Insider Buying and Selling at NVIDIA

In related news, EVP Timothy S. 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 directly owned 2,687,660 shares of the company’s stock, valued at approximately $598,810,648. This represents a 1.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the transaction, the chief financial officer owned 765,103 shares of the company’s stock, valued at $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 1,766,118 shares of company stock valued at $399,450,353. Insiders own 3.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NVDA shares. The Goldman Sachs Group restated a “buy” rating and issued a $300.00 price target on shares of NVIDIA in a research note on Monday. Wells Fargo & Company cut their price objective on NVIDIA from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday. KGI Securities raised their target price on NVIDIA from $335.00 to $345.00 in a report on Thursday, August 27th. Truist Financial upped their price target on shares of NVIDIA from $307.00 to $346.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Finally, DZ Bank reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, August 26th. Five investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $318.75.

NVIDIA 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.