Emergent Wealth Advisors LLC Purchases New Holdings in NVIDIA Corporation $NVDA

Emergent Wealth Advisors LLC acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 12,006 shares of the computer hardware maker’s stock, valued at approximately $2,742,000. NVIDIA accounts for about 1.4% of Emergent Wealth Advisors LLC’s portfolio, making the stock its 16th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in NVDA. Montgomery Financial Services LLC acquired a new stake in NVIDIA in the 2nd quarter valued at about $28,000. Langley Wealth Management LLC acquired a new position in shares of NVIDIA during the 2nd quarter worth approximately $34,000. Phillip James Consulting Co. acquired a new position in shares of NVIDIA during the 1st quarter worth approximately $40,000. Bard Associates Inc. boosted its holdings in shares of NVIDIA by 8,866.7% during the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock worth $54,000 after purchasing an additional 266 shares during the last quarter. Finally, Frankly Finances LLC purchased a new stake in shares of NVIDIA in the second quarter valued at approximately $60,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

  • Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
  • Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
  • Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

NVIDIA Trading Down 4.2%

Shares of NVIDIA stock opened at $204.64 on Friday. The firm has a market capitalization of $4.93 trillion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.57 and a beta of 2.22. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. 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 stock has a 50 day moving average of $221.74 and a 200 day moving average of $204.24.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted 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. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The company had revenue of $96.22 billion during the quarter, compared to analysts’ expectations of $92.27 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The firm’s quarterly revenue was up 105.9% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA declared that its Board of Directors has approved a stock repurchase program on Monday, September 28th that authorizes the company to buy back $150 billion in shares. This repurchase authorization authorizes the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, Director Mark Stevens sold 622,239 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 34,918 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the transaction, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. The trade was a 4.36% 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. In 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.

Analyst Ratings Changes

NVDA has been the subject of several recent research reports. Phillip Securities increased their price target on NVIDIA from $285.00 to $300.00 and gave the company a “buy” rating in a report on Monday, August 31st. Benchmark reissued a “buy” rating and set a $335.00 price objective on shares of NVIDIA in a research note on Thursday, August 27th. Oppenheimer set a $315.00 target price on NVIDIA and gave the company an “outperform” rating in a report on Thursday, August 27th. Yorkville Ives assumed coverage on NVIDIA in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $300.00 target price for the company. Finally, Truist Financial lifted their price target on NVIDIA from $307.00 to $346.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $321.47.

Get Our Latest Stock Analysis on NVIDIA

About NVIDIA

(Free Report)

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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