NVIDIA Corporation $NVDA Shares Newly Acquired by Turner Financial Group Inc.

Turner Financial Group Inc. bought a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the 2nd quarter, Holdings Channel.com reports. The firm bought 7,673 shares of the computer hardware maker’s stock, valued at approximately $1,535,000. NVIDIA comprises about 1.5% of Turner Financial Group Inc.’s portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boyd Wealth Management LLC boosted its stake in shares of NVIDIA by 273.4% during the 2nd quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker’s stock worth $1,830,000 after acquiring an additional 6,696 shares during the last quarter. Ally Financial Inc. grew its position in shares of NVIDIA by 10.3% during the 2nd quarter. Ally Financial Inc. now owns 172,000 shares of the computer hardware maker’s stock valued at $34,415,000 after acquiring an additional 16,000 shares during the period. Altshuler Shaham Ltd grew its position in shares of NVIDIA by 6,451.9% during the 1st quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker’s stock valued at $111,134,000 after acquiring an additional 627,510 shares during the period. Baker Tilly Wealth Management LLC increased its stake in shares of NVIDIA by 7.4% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker’s stock worth $14,386,000 after purchasing an additional 4,958 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of NVIDIA by 11.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,754,078 shares of the computer hardware maker’s stock worth $305,911,000 after purchasing an additional 182,345 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Reportedly, ByteDance, Alibaba and Tencent have placed more than $35 billion in NVIDIA chip orders. The agreement could reopen a significant Chinese market, although the arrangement reportedly includes the U.S. government receiving 15% of Chinese sales. NVIDIA China chip orders
• Positive Sentiment: OpenAI is reportedly raising approximately $30 billion, while NVIDIA has agreed to guarantee up to $105 billion of obligations tied to an Ohio data-center campus OpenAI will lease. The deal could support substantial future demand for NVIDIA systems, but also increases NVIDIA’s exposure to customer financing. OpenAI fundraising and NVIDIA
• Positive Sentiment: Anthropic is reportedly discussing an expansion that could take its Nscale commitment to roughly $90 billion, potentially benefiting NVIDIA as a leading supplier of AI infrastructure. Anthropic Nscale expansion
• Positive Sentiment: NVIDIA announced German partnerships, investments in AI startups and a broader European AI initiative approaching $10 billion, strengthening its position in sovereign and industrial AI. NVIDIA German AI investments
• Positive Sentiment: A record 104-qubit fault-tolerant quantum simulation on Europe’s JUPITER supercomputer demonstrated NVIDIA’s CUDA-Q, cuQuantum and accelerated-computing capabilities, expanding its longer-term technology opportunity beyond AI. NVIDIA quantum simulation
• Neutral Sentiment: Amazon is reportedly receiving billions of dollars of NVIDIA GB300 systems, but some racks are being stored because data centers lack sufficient power. This confirms demand while highlighting deployment bottlenecks. Amazon NVIDIA GPU systems
• Negative Sentiment: Google’s open-source TorchTPU and Amazon’s TorchNeuron initiatives are designed to make competing AI chips easier to use, threatening NVIDIA’s CUDA software moat and long-term pricing power. Google and Amazon challenge NVIDIA CUDA
• Negative Sentiment: Investors remain concerned that heavily indebted neocloud customers, including CoreWeave, may struggle with higher borrowing costs. NVIDIA’s guarantees and investment relationships increase fears that AI infrastructure spending could involve circular or financially fragile demand. Why NVIDIA needs CoreWeave
• Negative Sentiment: Broad semiconductor selling, fading momentum in the AI trade and hedge-fund technology reductions are weighing on NVDA’s near-term performance despite continued strong chip demand. Chip stocks decline

NVIDIA Stock Down 0.3%

Shares of NVDA opened at $216.47 on Wednesday. The stock has a market capitalization of $5.22 trillion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 1.67 and a beta of 2.22. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $243.37. The business’s 50 day simple moving average is $223.17 and its 200-day simple moving average is $212.01. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85.

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

NVIDIA declared that its board has initiated a stock repurchase plan on Monday, September 28th that authorizes the company to buy back $150.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, September 10th. NVIDIA’s dividend payout ratio is presently 12.64%.

Insider Buying and Selling

In related news, CFO Colette Kress sold 34,918 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value 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 represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. Teter sold 30,460 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president owned 2,687,660 shares in the company, valued at approximately $598,810,648. This represents a 1.12% 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. In the last three months, insiders sold 1,766,118 shares of company stock valued at $399,450,353. Insiders own 3.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. China Renaissance raised their price objective on NVIDIA from $319.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. HSBC boosted their price objective on NVIDIA from $360.00 to $365.00 in a research note on Thursday, August 27th. Zacks Research upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 21st. Melius Research set a $420.00 target price on shares of NVIDIA in a report on Thursday, August 27th. Finally, Rothschild & Co Redburn raised their target price on shares of NVIDIA from $300.00 to $325.00 in a research note on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $321.47.

NVIDIA Company Profile

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.