NVIDIA Corporation $NVDA Stock Position Lessened by Perryman Financial Advisory Inc. AD

Perryman Financial Advisory Inc. AD lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 409,627 shares of the computer hardware maker’s stock after selling 3,047 shares during the quarter. NVIDIA makes up approximately 12.5% of Perryman Financial Advisory Inc. AD’s holdings, making the stock its biggest holding. Perryman Financial Advisory Inc. AD’s holdings in NVIDIA were worth $93,551,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of NVIDIA by 1.6% in the 2nd quarter. State Street Corp now owns 1,009,783,437 shares of the computer hardware maker’s stock worth $202,047,568,000 after acquiring an additional 15,897,836 shares in the last quarter. Bank of America Corp DE grew its position in NVIDIA by 2.2% during the 2nd quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker’s stock worth $39,090,956,000 after acquiring an additional 4,165,875 shares during the last quarter. Amundi increased its holdings in NVIDIA by 10.4% during the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock valued at $23,329,141,000 after purchasing an additional 12,575,177 shares in the last quarter. Deutsche Bank AG increased its holdings in NVIDIA by 2.3% during the 2nd quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker’s stock valued at $18,399,108,000 after purchasing an additional 2,045,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in NVIDIA by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker’s stock valued at $16,479,126,000 after purchasing an additional 555,221 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 622,239 shares of NVIDIA stock in a transaction that occurred on Friday, September 4th. The shares were 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 owned 2,336,531 shares in the company, valued at $541,187,310.22. The trade was a 21.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the sale, the chief financial officer owned 765,103 shares of the company’s stock, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,766,118 shares of company stock worth $399,450,353. Company insiders own 3.94% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of recent analyst reports. Phillip Securities boosted their price objective on NVIDIA from $285.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. KGI Securities raised their target price on NVIDIA from $335.00 to $345.00 in a research note on Thursday, August 27th. Mizuho set a $250.00 price target on NVIDIA in a report on Monday. Aletheia Capital downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Monday. Finally, BNP Paribas Exane reiterated an “outperform” rating and set a $345.00 price target on shares of NVIDIA in a research report on Monday, October 5th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NVIDIA has an average rating of “Buy” and an average target price of $314.24.

NVIDIA Trading Up 2.9%

NVDA stock opened at $173.73 on Thursday. The company has a market cap of $4.19 trillion, a P/E ratio of 21.96, a PEG ratio of 1.30 and a beta of 2.21. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $243.37. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $217.12 and a 200-day moving average of $204.35.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion for 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 firm’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 firm posted $1.05 earnings per share. As a group, equities research analysts expect that NVIDIA Corporation will post 9.30 EPS for the current year.

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 repurchase authorization allows the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

NVIDIA Dividend Announcement

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. 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 payout ratio is currently 12.64%.

More NVIDIA News

These are some of the NVDA news items that stood out recently:

• Positive Sentiment: Better-than-expected results from AI cloud provider CoreWeave revived confidence that data-center infrastructure spending remains strong, supporting demand for NVIDIA’s chips. Article: Nvidia rebounds as CoreWeave earnings reignite the AI trade
• Neutral Sentiment: Analyst views remain divided: Baird cut its rating to Neutral and sharply lowered its target, while Morgan Stanley retained an Overweight rating and a $300 target. Article: Analysts disagree on Nvidia
• Negative Sentiment: The New York Times reported a second alleged relationship involving Huang and a direct report; the Wall Street Journal separately reported that NVIDIA’s board is preparing to oust him. The reports raise leadership, governance, and succession concerns for a company closely associated with its longtime CEO. Article: Report on Huang’s future at Nvidia

NVIDIA Profile

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.