HBW Advisory Services LLC Acquires New Stake in NVIDIA Corporation $NVDA

HBW Advisory Services LLC acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA) in the third quarter, Holdings Channel reports. The firm acquired 55,569 shares of the computer hardware maker’s stock, valued at approximately $12,691,000. NVIDIA accounts for approximately 1.2% of HBW Advisory Services LLC’s holdings, making the stock its 15th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Colorado Capital Management Inc. boosted its position in NVIDIA by 5.0% in the 3rd quarter. Colorado Capital Management Inc. now owns 6,061 shares of the computer hardware maker’s stock valued at $1,384,000 after buying an additional 287 shares during the period. KG Capital Management increased its position in shares of NVIDIA by 10.9% during the third quarter. KG Capital Management now owns 6,563 shares of the computer hardware maker’s stock worth $1,499,000 after acquiring an additional 645 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in shares of NVIDIA by 1.6% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 2,807,603 shares of the computer hardware maker’s stock worth $641,200,000 after acquiring an additional 42,985 shares during the period. Loftus Peak Pty Ltd increased its position in shares of NVIDIA by 0.4% during the third quarter. Loftus Peak Pty Ltd now owns 396,998 shares of the computer hardware maker’s stock worth $90,666,000 after acquiring an additional 1,546 shares during the period. Finally, B.A. Schrock Wealth Management Inc. acquired a new stake in shares of NVIDIA in the third quarter valued at $6,593,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NVDA shares. KGI Securities lifted their target price on NVIDIA from $335.00 to $345.00 in a report on Thursday, August 27th. President Capital upped their price target on NVIDIA from $295.00 to $330.00 in a report on Thursday, August 27th. Weiss Ratings cut NVIDIA from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, November 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday, August 26th. Finally, DA Davidson reissued a “buy” rating and set a $300.00 price objective on shares of NVIDIA in a research report on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $318.85.

Insiders Place Their Bets

In other news, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction dated 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 sale, the executive vice president owned 2,687,660 shares in the company, valued at approximately $598,810,648. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 dated Friday, September 4th. The shares were 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 $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. Over the last 90 days, insiders have sold 1,766,118 shares of company stock valued at $399,450,353. 3.94% of the stock is currently owned by insiders.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Some investors see the decline as a buying opportunity, citing NVIDIA’s strong AI-chip position and profitability. ARK Invest also reportedly added $45.9 million of NVDA shares during the sell-off. Nvidia Stock Rises on Dip-Buying: 3 Reasons to Be Optimistic
• Positive Sentiment: CEO Jensen Huang says the next-generation Vera Rubin platform could generate more revenue per gigawatt of data-center capacity than the current platform, supporting the case for continued growth. Jensen Huang Says Nvidia’s Next-Gen Vera Rubin Chips Will Generate $40 Billion in Revenue per Gigawatt
• Neutral Sentiment: NVIDIA’s upcoming Nov. 17 results are a key near-term catalyst: investors will look for evidence that demand and guidance can ease fears about AI spending and justify the stock’s recovery. Nvidia Investors Need to Be Paying Attention on Nov. 17
• Negative Sentiment: The rebound follows a steep sell-off that wiped roughly $450 billion from NVIDIA’s market value. Investors are worried that a Democratic-led Congress, data-center permitting or regulatory hurdles, high capital costs, and uncertain returns could delay infrastructure projects and weaken future chip demand. AI stocks hammered by midterm shock as data center buildout becomes a ‘war of attrition’
• Negative Sentiment: Reports that NVIDIA may be taking on greater exposure to financially strained “neocloud” customers raise concern that it could face risks beyond selling chips if those providers struggle to fund data centers. As neoclouds face a financial reckoning, Nvidia has to decide how far to go to help

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $186.64 on Monday. 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 company has a fifty day simple moving average of $219.80 and a 200-day simple moving average of $204.53. The stock has a market cap of $4.50 trillion, a price-to-earnings ratio of 23.60, a PEG ratio of 1.43 and a beta of 2.21. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month high of $243.37.

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

NVIDIA Announces Dividend

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

NVIDIA announced that its Board of Directors has authorized a share buyback plan on Monday, September 28th that permits the company to repurchase $150 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to reacquire up to 2.8% of its shares through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

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.