Peddock Capital Advisors LLC Sells 4,838 Shares of NVIDIA Corporation $NVDA

Peddock Capital Advisors LLC lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 319,571 shares of the computer hardware maker’s stock after selling 4,838 shares during the period. NVIDIA accounts for 14.4% of Peddock Capital Advisors LLC’s investment portfolio, making the stock its largest position. Peddock Capital Advisors LLC’s holdings in NVIDIA were worth $72,984,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of NVIDIA by 1.6% in the second quarter. State Street Corp now owns 1,009,783,437 shares of the computer hardware maker’s stock valued at $202,047,568,000 after purchasing an additional 15,897,836 shares during the period. Bank of America Corp DE boosted its holdings in NVIDIA by 2.2% in the 2nd quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker’s stock worth $39,090,956,000 after buying an additional 4,165,875 shares during the period. Amundi boosted its holdings in NVIDIA by 10.4% in the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock worth $23,329,141,000 after buying an additional 12,575,177 shares during the period. Deutsche Bank AG boosted its holdings in NVIDIA by 2.3% in the 2nd quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker’s stock worth $18,399,108,000 after buying an additional 2,045,101 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in NVIDIA by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker’s stock valued at $16,479,126,000 after buying an additional 555,221 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Top NVIDIA Stories

Investors following NVDA have been watching these stories:

• Positive Sentiment: Some investors see the selloff as an opportunity: retail traders reportedly bought about $111 million of NVDA in the first 30 minutes of trading. Bullish commentary points to NVIDIA’s established AI business and continuing infrastructure demand. Article: Huang Exit Fuels Nvidia Bulls
• Negative Sentiment: Huang’s departure raises key-person and succession concerns after 33 years at the helm. The surrounding allegations and scrutiny—including questions about possible chip diversion to China—could invite tighter export controls and damage investor confidence; these claims remain under investigation and are not established findings. Article: Jensen Huang steps down
• Negative Sentiment: Several analysts downgraded the stock or cut price targets, citing leadership, governance and China-related risks. A securities class action adds another source of uncertainty for shareholders. Article: Nvidia Stock Just Got Downgraded

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NVDA shares. StoneX downgraded NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday. Evercore cut NVIDIA from an “outperform” rating to a “positive” rating and set a $186.00 price target for the company. in a research report on Wednesday. Stifel Nicolaus set a $205.00 price objective on NVIDIA and gave the company a “buy” rating in a research note on Thursday. William Blair cut NVIDIA from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Morgan Stanley reissued an “overweight” rating and set a $300.00 price objective on shares of NVIDIA in a report on Wednesday. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $283.63.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 34,918 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the transaction, the chief financial officer directly owned 765,103 shares of the company’s stock, valued at $167,595,812.15. This represents a 4.36% decrease in their position. The transaction was disclosed in a filing 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 firm’s stock in a transaction 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 transaction, the director owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,766,118 shares of company stock worth $399,450,353. Insiders own 3.94% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $166.19 on Friday. 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 moving average price of $215.96 and a 200-day moving average price of $204.25. NVIDIA Corporation has a 52-week low of $148.80 and a 52-week high of $243.37. The firm has a market capitalization of $4.01 trillion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.34 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, topping the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share. Equities research analysts forecast that NVIDIA Corporation will post 9.29 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

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

NVIDIA 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.