Quattro Financial Advisors LLC Purchases 16,381 Shares of NVIDIA Corporation $NVDA

Quattro Financial Advisors LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDA) by 43.9% in the third quarter, Holdings Channel reports. The firm owned 53,686 shares of the computer hardware maker’s stock after buying an additional 16,381 shares during the period. NVIDIA accounts for 2.6% of Quattro Financial Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Quattro Financial Advisors LLC’s holdings in NVIDIA were worth $12,261,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Milestone Asset Management LLC raised its stake in NVIDIA by 72.5% in the third quarter. Milestone Asset Management LLC now owns 91,968 shares of the computer hardware maker’s stock worth $21,004,000 after buying an additional 38,658 shares in the last quarter. Ellsworth Advisors LLC boosted its position in NVIDIA by 1.0% during the 3rd quarter. Ellsworth Advisors LLC now owns 78,799 shares of the computer hardware maker’s stock valued at $17,996,000 after acquiring an additional 791 shares in the last quarter. Legacy Wealth Partners LLC boosted its position in NVIDIA by 1.8% during the 3rd quarter. Legacy Wealth Partners LLC now owns 25,442 shares of the computer hardware maker’s stock valued at $5,810,000 after acquiring an additional 449 shares in the last quarter. Neumann Capital Management LLC bought a new stake in NVIDIA during the 3rd quarter valued at $37,040,000. Finally, Iams Wealth Management LLC increased its holdings in shares of NVIDIA by 7.0% in the 3rd quarter. Iams Wealth Management LLC now owns 33,747 shares of the computer hardware maker’s stock valued at $7,708,000 after acquiring an additional 2,216 shares during the period. Institutional investors own 65.27% of the company’s stock.

More NVIDIA News

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

Analysts Set New Price Targets

NVDA has been the subject of several recent research reports. Benchmark reissued a “buy” rating and issued a $335.00 price target on shares of NVIDIA in a research report on Thursday, August 27th. BNP Paribas Exane restated an “outperform” rating and set a $345.00 price objective on shares of NVIDIA in a research note on Monday, October 5th. Phillip Securities raised their price objective on NVIDIA from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Mizuho set a $250.00 target price on NVIDIA in a research note on Monday. Finally, Piper Sandler began coverage on NVIDIA in a research note on Wednesday, September 9th. They issued an “overweight” rating and a $300.00 target price on the stock. Five equities research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $318.75.

NVIDIA Stock Performance

Shares of NVDA stock opened at $168.93 on Wednesday. The business’s fifty day simple moving average is $217.99 and its 200-day simple moving average is $204.42. The company has a market cap of $4.07 trillion, a PE ratio of 21.36, a PEG ratio of 1.37 and a beta of 2.21. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month high of $243.37.

NVIDIA (NASDAQ:NVDA) last issued 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 during 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 business’s revenue for the quarter was up 105.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 EPS. Analysts expect that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

NVIDIA announced that its board has approved a share repurchase program on Monday, September 28th that authorizes the company to repurchase $150 billion in shares. This repurchase authorization authorizes the computer hardware maker to purchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 the firm’s stock in a transaction dated Friday, September 4th. The stock was 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 of the company’s stock, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,766,118 shares of company stock valued at $399,450,353 in the last ninety days. Corporate insiders own 3.94% of the company’s stock.

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.