Several hedge funds recently increased their investments in NVIDIA. Truepoint Inc. boosted its stake by 914.1%, now holding 12,990 shares worth $1.6 million. Consolidated Planning Corp raised its position by 825.9% to 84,133 shares valued at $10.4 million. International Private Wealth Advisors LLC increased its holdings by 1,452.1%, owning 7,512 shares worth $928,000. Lafayette Investments Inc. grew its position by 901.8% to 5,710 shares valued at $705,000. AMJ Financial Wealth Management increased its stake by 898.7% to 59,300 shares worth $7.3 million. Overall, hedge funds and institutional investors own 65.27% of NVIDIA’s stock.
NVIDIA Stock Update
NVIDIA shares opened at $138.00 on Friday. The stock has a 12-month range of $39.23 to $140.89, with a market cap of $3.39 trillion. Key metrics include a P/E ratio of 80.70 and a debt-to-equity ratio of 0.15.
NVIDIA’s recent earnings report exceeded expectations, showing $0.68 EPS against the consensus estimate of $0.64 and revenue of $30.04 billion, which was above the expected $28.74 billion. The company plans to repurchase $50 billion in shares, indicating that its board believes the stock is undervalued.
Dividend Update
NVIDIA paid a quarterly dividend of $0.01 on October 3rd, leading to an annualized yield of 0.03%. The dividend payout ratio is currently 2.34%.
Insider Activity
On September 19th, Director Tench Coxe sold 1 million shares at $119.27 per share, totaling $119.27 million. After this, he holds about 5.85 million shares. Insider Donald F. Robertson Jr. also sold 4,500 shares on September 20th at $116.51 each, valued at $524,295. In the last quarter, insiders sold a total of nearly 3 million shares.
Analyst Ratings
Analysts have recently raised their price targets for NVIDIA stock: Wells Fargo from $155 to $165, Morgan Stanley from $150, and Goldman Sachs from $135 to $150. Currently, the average rating is “Moderate Buy” with a consensus price target of $143.07.
About NVIDIA
NVIDIA Corporation specializes in graphics and computing solutions, offering products for gaming, enterprise workstations, and automotive applications.
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