NVIDIA Corporation $NVDA Stock: Talbot Financial LLC Grows Stake

Talbot Financial LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 372,503 shares of the computer hardware maker’s stock after purchasing an additional 25,049 shares during the quarter. NVIDIA makes up approximately 6.1% of Talbot Financial LLC’s holdings, making the stock its 3rd biggest position. Talbot Financial LLC’s holdings in NVIDIA were worth $85,072,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NVDA. Intelligent Financial Strategies purchased a new stake in shares of NVIDIA in the third quarter worth $26,000. Montgomery Financial Services LLC purchased a new position in shares of NVIDIA in the second quarter valued at about $28,000. Langley Wealth Management LLC bought a new position in shares of NVIDIA in the second quarter worth about $34,000. Newton One Investments LLC bought a new position in shares of NVIDIA in the third quarter worth about $34,000. Finally, Phillip James Consulting Co. bought a new position in shares of NVIDIA in the first quarter worth about $40,000. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Citigroup cut their target price on NVIDIA from $315.00 to $285.00 and set a “buy” rating for the company in a research report on Tuesday, November 10th. Barclays decreased their target price on NVIDIA from $275.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday. Zacks Research raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 21st. President Capital increased their price target on shares of NVIDIA from $295.00 to $330.00 in a report on Thursday, August 27th. Finally, Phillip Securities lifted their price target on NVIDIA from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $277.89.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark Stevens sold 622,239 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $541,187,310.22. This trade represents a 21.03% 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. Also, EVP Timothy Teter sold 30,460 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares of the company’s stock, valued at approximately $598,810,648. This represents a 1.12% decrease in their position. 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. Over the last ninety days, insiders sold 1,766,118 shares of company stock valued at $399,450,353. 3.94% of the stock is currently owned by insiders.

Key Headlines Impacting NVIDIA

These are some of the NVDA headlines that stood out recently:

• Neutral Sentiment: Investors are also being urged to judge AI demand by the revenue generated from computing capacity—not just the capital companies spend to build it. That could sharpen questions about how quickly AI infrastructure investments translate into sales. Barron’s analysis of AI revenue
• Negative Sentiment: Huang’s departure creates uncertainty around succession and strategy. CFO Colette Kress is interim CEO, and the board has not yet selected a search firm for a permanent replacement. CEO search update
• Negative Sentiment: Reports connecting the leadership scandal to scrutiny of possible chip diversions to China have raised risks of regulatory action and reputational damage. The allegations remain under investigation, while U.S. lawmakers are seeking testimony. Congressional scrutiny

NVIDIA Trading Down 2.0%

NVDA traded down $3.34 during trading on Friday, hitting $162.85. 363,372,273 shares of the stock were exchanged, compared to its average volume of 196,617,360. 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 firm has a 50 day simple moving average of $214.64 and a 200 day simple moving average of $204.12. The firm has a market cap of $3.92 trillion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 1.28 and a beta of 2.21. NVIDIA Corporation has a 1 year low of $148.80 and a 1 year high of $243.37.

NVIDIA (NASDAQ:NVDA) last announced its 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. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The business had revenue of $96.22 billion for the quarter, compared to analysts’ expectations of $92.27 billion. During the same quarter last year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 105.9% on a year-over-year basis. As a group, equities analysts expect that NVIDIA Corporation will post 9.29 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 10th. NVIDIA’s dividend payout ratio is presently 12.64%.

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

NVIDIA Company 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.