Fortress Financial Solutions LLC Acquires New Shares in NVIDIA Corporation $NVDA

Fortress Financial Solutions LLC acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,400 shares of the computer hardware maker’s stock, valued at approximately $3,745,000. NVIDIA accounts for about 3.2% of Fortress Financial Solutions LLC’s investment portfolio, making the stock its 10th biggest position.

A number of other large investors also recently bought and sold shares of the business. Essex LLC grew its position in NVIDIA by 1.6% in the third quarter. Essex LLC now owns 48,399 shares of the computer hardware maker’s stock valued at $11,053,000 after purchasing an additional 753 shares in the last quarter. Orca Wealth Management LLC increased its holdings in shares of NVIDIA by 1.3% during the third quarter. Orca Wealth Management LLC now owns 14,331 shares of the computer hardware maker’s stock valued at $3,273,000 after acquiring an additional 183 shares in the last quarter. Sanders Morris Harris LLC increased its position in shares of NVIDIA by 566.2% during the 3rd quarter. Sanders Morris Harris LLC now owns 177,086 shares of the computer hardware maker’s stock worth $40,380,000 after purchasing an additional 150,503 shares during the last quarter. Investment Planning Advisors Inc. grew its holdings in shares of NVIDIA by 12.6% in the 3rd quarter. Investment Planning Advisors Inc. now owns 7,029 shares of the computer hardware maker’s stock worth $1,605,000 after acquiring an additional 789 shares during the period. Finally, Lodestone Wealth Management LLC raised its stake in NVIDIA by 0.8% during the third quarter. Lodestone Wealth Management LLC now owns 25,687 shares of the computer hardware maker’s stock valued at $5,866,000 after buying an additional 199 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on NVDA shares. President Capital upped their target price on NVIDIA from $295.00 to $330.00 in a research report on Thursday, August 27th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NVIDIA in a research note on Monday, September 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of NVIDIA in a research note on Wednesday, October 21st. Daiwa Securities Group cut their price objective on NVIDIA from $255.00 to $245.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Finally, Truist Financial upped their price target on shares of NVIDIA from $307.00 to $346.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and a consensus target price of $318.85.

NVIDIA Price Performance

NVIDIA stock opened at $186.64 on Friday. The stock has a market capitalization of $4.50 trillion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.55 and a beta of 2.21. NVIDIA Corporation has a 52 week low of $164.27 and a 52 week high of $243.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. The stock has a fifty day moving average of $219.80 and a 200-day moving average of $204.53.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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 for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 earnings per share. On average, sell-side analysts expect that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

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 given a $0.25 dividend. 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 payout ratio is presently 12.64%.

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

Insider Activity

In other news, Director Mark A. 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 value of $144,122,997.18. Following the completion of the sale, the director directly owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy S. Teter sold 30,460 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the sale, the executive vice president owned 2,687,660 shares in the company, valued at $598,810,648. This represents a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 valued at $399,450,353 in the last 90 days. Company insiders own 3.94% of the company’s stock.

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.