NVIDIA Corporation $NVDA is Sendero Wealth Management LLC’s 4th Largest Position

Sendero Wealth Management LLC decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,749 shares of the computer hardware maker’s stock after selling 11,822 shares during the period. NVIDIA makes up 3.8% of Sendero Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. Sendero Wealth Management LLC’s holdings in NVIDIA were worth $32,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Veracity Capital LLC lifted its holdings in NVIDIA by 3.0% in the third quarter. Veracity Capital LLC now owns 32,602 shares of the computer hardware maker’s stock worth $6,083,000 after buying an additional 949 shares during the period. TCP Asset Management LLC raised its position in shares of NVIDIA by 10.7% in the 3rd quarter. TCP Asset Management LLC now owns 11,521 shares of the computer hardware maker’s stock worth $2,150,000 after acquiring an additional 1,109 shares in the last quarter. Cooper Financial Group lifted its stake in shares of NVIDIA by 11.3% in the 3rd quarter. Cooper Financial Group now owns 211,119 shares of the computer hardware maker’s stock valued at $39,391,000 after purchasing an additional 21,427 shares during the period. Montecito Bank & Trust bought a new stake in shares of NVIDIA during the third quarter valued at approximately $36,299,000. Finally, New Covenant Trust Company N.A. boosted its position in shares of NVIDIA by 2.0% during the third quarter. New Covenant Trust Company N.A. now owns 20,618 shares of the computer hardware maker’s stock valued at $3,847,000 after purchasing an additional 408 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $180.99 on Friday. The firm has a market cap of $4.40 trillion, a P/E ratio of 44.91, a PEG ratio of 0.89 and a beta of 2.29. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $185.58 and a 200 day moving average of $175.16.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The company’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS. As a group, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is 0.99%.

Insider Activity

In related news, Director A Brooke Seawell sold 12,728 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $183.93, for a total transaction of $2,341,061.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $181.73, for a total transaction of $63,605,500.00. Following the completion of the sale, the director directly owned 7,049,803 shares of the company’s stock, valued at approximately $1,281,160,699.19. This trade represents a 4.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,163,974 shares of company stock worth $396,087,917. 4.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Benchmark boosted their target price on shares of NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Susquehanna boosted their price objective on shares of NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a research note on Thursday, November 20th. Zacks Research upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Evercore ISI set a $352.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday, November 20th. Finally, Loop Capital upped their price target on NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Five analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $262.14.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: U.S. review could pave way for H200 shipments to China — reports say the administration launched a review that might allow exports of Nvidia’s H200 AI chips to China, which would materially expand addressable demand and revenue prospects. US launches review of advanced Nvidia AI chip sales to China
• Positive Sentiment: Regulatory overhang removed on Intel tie-up — U.S. antitrust agencies cleared Nvidia’s investment in Intel, reducing a near-term regulatory risk and supporting strategic partnerships that could help scale production and go-to-market efforts. Nvidia-Intel deal cleared by US antitrust agencies
• Positive Sentiment: Analysts getting more bullish — several firms (Sanford C. Bernstein reiterated buy at $275, Truist raised its PT to $275, Zacks boosted EPS estimates) are lifting targets or confirming buys, helping technical momentum and positioning for upside. MarketScreener Latest Ratings
• Neutral Sentiment: Management clarifies OpenAI investment status — Jensen Huang said Nvidia has not yet funded its announced plan around OpenAI, which removes some rumor-driven uncertainty but leaves the timing and size of any investment unclear. Nvidia has not given OpenAI ‘a penny yet,’ CEO Huang tells Fox Business
• Negative Sentiment: Insider selling disclosed — long-time director Harvey Jones sold 250,000 shares (~$44M), a headline that can spook some investors even though large insiders often diversify. Nvidia director sells $44 million in stock

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.