Titleist Asset Management LLC Sells 3,659 Shares of NVIDIA Corporation $NVDA

Titleist Asset Management LLC cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,360 shares of the computer hardware maker’s stock after selling 3,659 shares during the quarter. NVIDIA comprises 3.2% of Titleist Asset Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Titleist Asset Management LLC’s holdings in NVIDIA were worth $49,640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Montgomery Financial Services LLC bought a new stake in shares of NVIDIA during the 2nd quarter valued at $28,000. Langley Wealth Management LLC purchased a new stake in shares of NVIDIA in the 2nd quarter worth about $34,000. Phillip James Consulting Co. bought a new position in shares of NVIDIA in the 1st quarter worth about $40,000. Bard Associates Inc. increased its stake in shares of NVIDIA by 8,866.7% in the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock worth $54,000 after acquiring an additional 266 shares in the last quarter. Finally, Frankly Finances LLC bought a new position in shares of NVIDIA in the 2nd quarter worth about $60,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 24th. Citigroup reaffirmed a “buy” rating and set a $315.00 target price (up from $300.00) on shares of NVIDIA in a research note on Thursday, August 27th. BMO Capital Markets set a $340.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday, August 20th. Stifel Nicolaus set a $315.00 price target on NVIDIA in a research report on Thursday, August 27th. Finally, DA Davidson restated a “buy” rating and issued a $300.00 price target on shares of NVIDIA in a research note on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $321.47.

NVIDIA Stock Performance

Shares of NVDA stock opened at $204.64 on Friday. NVIDIA Corporation has a one year low of $164.27 and a one year high of $243.37. The company’s 50-day moving average is $221.74 and its 200 day moving average is $204.24. The company has a market capitalization of $4.93 trillion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 1.64 and a beta of 2.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59.

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

NVIDIA Dividend Announcement

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

NVIDIA declared that its Board of Directors has initiated a share repurchase plan on Monday, September 28th that allows the company to buy back $150 billion in shares. This buyback authorization allows the computer hardware maker to reacquire up to 2.8% of its shares through open market purchases. Share buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 34,918 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of the transaction, the director owned 2,336,531 shares of the company’s stock, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,766,118 shares of company stock valued at $399,450,353 over the last 90 days. Corporate insiders own 3.94% of the company’s stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
• Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
• Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

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.