NVIDIA Corporation $NVDA Stock Position Decreased by Sherry Group Inc.

Sherry Group Inc. lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 93,976 shares of the computer hardware maker’s stock after selling 3,080 shares during the period. NVIDIA accounts for about 20.1% of Sherry Group Inc.’s portfolio, making the stock its biggest holding. Sherry Group Inc.’s holdings in NVIDIA were worth $21,462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boyd Wealth Management LLC increased its stake in NVIDIA by 273.4% in the second quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker’s stock valued at $1,830,000 after purchasing an additional 6,696 shares during the period. Ally Financial Inc. grew its stake in NVIDIA by 10.3% in 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 last quarter. Altshuler Shaham Ltd raised its stake in NVIDIA by 6,451.9% in the 1st quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker’s stock valued at $111,134,000 after purchasing an additional 627,510 shares during the last quarter. Vanguard Capital Wealth Advisors increased its stake in NVIDIA by 5.6% in the second quarter. Vanguard Capital Wealth Advisors now owns 52,163 shares of the computer hardware maker’s stock valued at $10,437,000 after purchasing an additional 2,758 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC raised its position 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 buying an additional 4,958 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Strong demand expectations ahead of Nov. 17 earnings: NVIDIA has guided for approximately $108 billion in quarterly revenue, while analysts expect a modest beat. Recent coverage points to continued hyperscaler capital spending, potentially exceeding $1 trillion next year, supporting demand for NVIDIA’s data-center accelerators. Prediction: Nvidia Stock Is Going to Soar After Nov. 17
• Positive Sentiment: Analysts still see upside: Melius Research maintained a Buy rating despite reducing its price target to $315 from $420. Other previews forecast another earnings beat, with revenue near $113 billion and supply—not demand—as the primary constraint. Melius Research NVIDIA rating
• Positive Sentiment: Additional AI growth opportunities: NVIDIA is reportedly positioned to benefit from SpaceX’s planned AI data-center buildout, while its investment in AI startup Hark could expand future ecosystem demand. Edge-computing markets that include NVIDIA are also forecast to grow rapidly through 2030. Nvidia: SpaceX Offers An Ignored Bonus
• Neutral Sentiment: Earnings volatility remains high: NVIDIA exceeded management’s revenue forecast range in each of its past 10 reports, but shares declined the following day in six instances. This suggests a strong report may already be partly anticipated by investors. Nvidia Reports Nov. 17
• Negative Sentiment: Valuation and technical pressure: Commentators described NVIDIA’s chart as vulnerable and argued that major AI-chip stocks have not sold off enough to become compelling bargains. A market strategist also called NVIDIA’s valuation “unbelievable.” Nvidia Rebounds but Its Stock Chart Is Looking Really Ugly
• Negative Sentiment: Spending and execution risks: A prominent investor sold most of his NVIDIA position while warning that AI infrastructure spending could slow. Separate analysis highlighted $279 billion in supply commitments, rising receivables and inventory, increasing balance-sheet risk. Wall Street Veteran Dumps Most of His NVIDIA Stake
• Negative Sentiment: Geopolitical and competitive concerns: NVIDIA’s humanoid-robot reference platforms rely on hands from Chinese-linked startups, highlighting potential supply-chain and regulatory exposure. Investors are also watching AMD’s Helios AI-system ramp as a measure of whether competition is gaining ground. Nvidia’s humanoid push relies on China-made robot hands

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent research reports. Morgan Stanley set a $230.00 target price on shares of NVIDIA in a research report on Friday, October 2nd. DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of NVIDIA in a research report on Thursday, August 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of NVIDIA in a research note on Wednesday, August 26th. China Renaissance lifted their price target on NVIDIA from $319.00 to $330.00 and gave the company a “buy” rating in a report on Monday, August 31st. Finally, Wedbush upped their target price on NVIDIA from $330.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $318.85.

Insider Buying and Selling

In other NVIDIA news, Director Mark Stevens sold 622,239 shares of the business’s stock in a transaction dated 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 sale, the director directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 completion of the transaction, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. This trade represents a 4.36% 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. Insiders sold a total of 1,766,118 shares of company stock worth $399,450,353 over the last three months. 3.94% of the stock is currently owned by company insiders.

NVIDIA Price Performance

NVIDIA stock opened at $202.06 on Tuesday. NVIDIA Corporation has a one year low of $164.27 and a one year high of $243.37. The company has a market capitalization of $4.87 trillion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.65 and a beta of 2.22. The business has a 50 day simple moving average of $221.49 and a 200 day simple moving average of $204.33. 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 issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share 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 analysts’ expectations of $92.27 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The company’s quarterly revenue was up 105.9% compared to the same quarter last year. On average, sell-side analysts forecast that NVIDIA Corporation will post 9.30 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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

About NVIDIA

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.