Three Magnolias Financial Advisors LLC Sells 6,946 Shares of NVIDIA Corporation $NVDA

Three Magnolias Financial Advisors LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 27.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,729 shares of the computer hardware maker’s stock after selling 6,946 shares during the quarter. NVIDIA accounts for 2.5% of Three Magnolias Financial Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Three Magnolias Financial Advisors LLC’s holdings in NVIDIA were worth $4,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of NVDA. Montgomery Financial Services LLC bought a new stake in shares of NVIDIA in the 2nd quarter worth $28,000. Langley Wealth Management LLC purchased a new stake in shares of NVIDIA in the second quarter valued at about $34,000. Phillip James Consulting Co. bought a new position in shares of NVIDIA during the first quarter valued at about $40,000. Bard Associates Inc. lifted its position in shares of NVIDIA by 8,866.7% during the second quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock valued at $54,000 after purchasing an additional 266 shares in the last quarter. Finally, Frankly Finances LLC bought a new position in shares of NVIDIA during the second quarter valued at about $60,000. Institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 2,687,660 shares of the company’s stock, valued at $598,810,648. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the transaction, the director owned 2,336,531 shares of the company’s stock, valued at $541,187,310.22. This represents a 21.03% decrease in their position. The SEC filing for this sale provides additional information. 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NVDA shares. Melius Research reduced their price objective on shares of NVIDIA from $420.00 to $315.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Benchmark reissued a “buy” rating and set a $335.00 target price on shares of NVIDIA in a research report on Thursday, August 27th. TD Cowen restated a “buy” rating on shares of NVIDIA in a research note on Tuesday, August 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 target price on shares of NVIDIA in a report on Thursday, October 1st. Finally, Piper Sandler initiated coverage on NVIDIA in a research report on Wednesday, September 9th. They set an “overweight” rating and a $300.00 price target for the company. 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 stock. Based on data from MarketBeat, NVIDIA has an average rating of “Buy” and a consensus target price of $318.85.

NVIDIA Stock Performance

NASDAQ NVDA traded up $5.04 on Friday, hitting $186.64. 179,613,679 shares of the stock traded hands, compared to its average volume of 100,673,888. 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 business’s fifty day moving average is $219.80 and its two-hundred day moving average is $204.53. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $243.37. The firm has a market capitalization of $4.50 trillion, a price-to-earnings ratio of 23.60, a PEG ratio of 1.55 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA) last issued 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 firm had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The business’s revenue was up 105.9% on a year-over-year basis. As a group, equities analysts anticipate that NVIDIA Corporation will post 9.30 EPS for the current fiscal year.

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

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, September 10th. NVIDIA’s payout ratio is currently 12.64%.

Key Headlines Impacting NVIDIA

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

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.