Montrusco Bolton Investments Inc. trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 13.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,289,351 shares of the computer hardware maker’s stock after selling 348,698 shares during the period. NVIDIA accounts for approximately 8.4% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its largest holding. Montrusco Bolton Investments Inc.’s holdings in NVIDIA were worth $522,842,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. St. Clair Advisors LLC lifted its position in shares of NVIDIA by 3.5% during the third quarter. St. Clair Advisors LLC now owns 11,007 shares of the computer hardware maker’s stock worth $2,514,000 after acquiring an additional 374 shares in the last quarter. Thor Investment Management Inc. OH ADV bought a new position in shares of NVIDIA in the third quarter worth $220,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of NVIDIA in the third quarter worth $346,000. Financial Futures Ltd Liability Co. grew its position in shares of NVIDIA by 165.3% in the third quarter. Financial Futures Ltd Liability Co. now owns 3,995 shares of the computer hardware maker’s stock valued at $912,000 after purchasing an additional 2,489 shares in the last quarter. Finally, First County Bank CT grew its position in shares of NVIDIA by 10.1% in the third quarter. First County Bank CT now owns 49,216 shares of the computer hardware maker’s stock valued at $11,240,000 after purchasing an additional 4,495 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
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 dated 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 sale, the director owned 2,336,531 shares of the company’s stock, valued at $541,187,310.22. This trade represents a 21.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the sale, the executive vice president owned 2,687,660 shares of the company’s stock, valued at approximately $598,810,648. This trade represents a 1.12% 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. Insiders have sold a total of 1,766,118 shares of company stock valued at $399,450,353 in the last 90 days. Corporate insiders own 3.94% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NVIDIA in a research note on Monday, August 31st. Melius Research cut their target price on NVIDIA from $420.00 to $315.00 and set a “buy” rating for the company in a research note on Monday. Jefferies Financial Group reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday, August 26th. Mizuho set a $315.00 price target on NVIDIA and gave the company an “outperform” rating in a research report on Thursday, August 27th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price target on shares of NVIDIA in a report on Thursday, October 1st. Five equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $318.85.
Get Our Latest Stock Report on NVDA
NVIDIA Trading Down 3.2%
NVIDIA stock opened at $200.13 on Thursday. The stock has a market cap of $4.82 trillion, a P/E ratio of 25.30, a PEG ratio of 1.59 and a beta of 2.21. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. The firm’s fifty day moving average price is $221.19 and its 200-day moving average price is $204.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59.
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The firm’s revenue was up 105.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share. Equities research analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.
NVIDIA announced that its Board of Directors has initiated a stock repurchase plan on Monday, September 28th that authorizes the company to repurchase $150 billion in shares. This buyback authorization authorizes the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA’s dividend payout ratio (DPR) is presently 12.64%.
Key Headlines Impacting NVIDIA
Here are the key news stories impacting NVIDIA this week:
- Positive Sentiment: Underlying AI infrastructure demand remains a support: one report cited resilient demand and tight TSMC manufacturing capacity, while NVIDIA’s OpenShell integration with ModelOp adds another enterprise AI governance use case. Article: What Is Going On With Nvidia Stock on Wednesday? Article: ModelOp Unveils Industry-First Full-Stack AI Policy Enforcement With NVIDIA OpenShell
- Neutral Sentiment: NVIDIA’s reported guidance of $108 billion sets a high bar for upcoming revenue expectations, making the next results and outlook an important test of whether demand can continue to meet investor expectations. Article: Nvidia Stocks Decline 1.35% as $108 Billion Guide Sets the Next Revenue Hurdle
- Negative Sentiment: Democratic midterm victories sparked concerns that data-center projects could face slower approvals or higher costs, weighing on semiconductor shares even as broader markets rallied. Article: Why is Nvidia stock falling while broader markets rally on Democratic midterm win?
- Negative Sentiment: NVIDIA has reportedly told cloud partners to generate at least 51% of sales from non-Chinese customers. The move responds to U.S. export rules but could constrain business with Chinese customers and complicate operations for some providers. Article: Nvidia Is Telling Cloud Clients to Sell at Least 51% to Non-Chinese Customers
- Negative Sentiment: Melius Research reportedly cut its price target, and shares slipped below their 200-day moving average—adding to near-term caution amid broader chip-sector weakness. Article: NVIDIA Stock Price Target Cut by Melius Research Article: NVIDIA Share Price Crosses Below 200 Day Moving Average Following Analyst Downgrade
NVIDIA Profile
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.
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