8,693 NVIDIA Corporation $NVDA Shares Bought by OneAscent Family Office LLC

Key Points

• OneAscent Family Office increased its NVIDIA stake by 45.4% in the second quarter, adding 8,693 shares for a total of 27,837 shares valued at approximately $5.57 million.
• Institutional and analyst sentiment remains strongly bullish: 65.27% of NVIDIA shares are institutionally owned, while analysts assign the stock a consensus “Buy” rating and an average price target of $321.89.
• NVIDIA reported quarterly revenue of $96.22 billion, up 105.9% year over year, and approved a $150 billion share-repurchase program; however, insiders sold $399.45 million worth of shares over the past three months.

OneAscent Family Office LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 45.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,837 shares of the computer hardware maker's stock after acquiring an additional 8,693 shares during the period. NVIDIA comprises about 2.8% of OneAscent Family Office LLC's portfolio, making the stock its 5th largest position. OneAscent Family Office LLC's holdings in NVIDIA were worth $5,570,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Boyd Wealth Management LLC raised its holdings in shares of NVIDIA by 273.4% in the second quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker's stock valued at $1,830,000 after purchasing an additional 6,696 shares during the last quarter. Altshuler Shaham Ltd boosted its holdings in NVIDIA by 6,451.9% during the first quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker's stock worth $111,134,000 after purchasing an additional 627,510 shares during the last quarter. Storen Legacy Partners LLC acquired a new position in NVIDIA during the fourth quarter worth $1,350,000. Baker Tilly Wealth Management LLC grew its position in NVIDIA by 7.4% in the second quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker's stock valued at $14,386,000 after purchasing an additional 4,958 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in NVIDIA by 3.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 26,652,420 shares of the computer hardware maker's stock valued at $4,970,704,000 after purchasing an additional 936,506 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Sanford C. Bernstein reissued a "buy" rating on shares of NVIDIA in a research report on Monday, September 21st. Oppenheimer set a $315.00 price objective on NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 27th. JPMorgan Chase & Co. lifted their target price on NVIDIA from $280.00 to $320.00 and gave the company an "overweight" rating in a research report on Thursday, August 27th. Zacks Research upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Monday, September 21st. Finally, Truist Financial increased their price target on NVIDIA from $307.00 to $346.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. Four research analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $321.89.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Strong supplier data reinforced AI demand. Foxconn reported its strongest-ever monthly revenue, helped by accelerating demand for AI servers that use NVIDIA systems. The report gave investors a near-term signal that hyperscaler and data-center spending remains robust. Why is Nvidia stock rising today?
• Positive Sentiment: Large Rubin GPU orders highlighted future growth. AM Intelligence announced firm orders for 20,000 NVIDIA Rubin GPUs for AI factories in India and Malaysia, supporting expectations for continued demand as customers expand beyond current-generation systems. AM Intelligence Expands NVIDIA Vera Rubin AI Factory Buildout
• Positive Sentiment: Analysts and technical signals remained bullish. Coverage pointed to NVIDIA’s central role in frontier AI, robotics and physical AI, while some analysts argued that its forward valuation remains reasonable relative to projected earnings growth. NVIDIA also led IBD’s list of top-performing stocks. The case for Nvidia's stock to march even higher
• Positive Sentiment: Capital-return and ecosystem catalysts added support. NVIDIA’s total share-buyback authorization was reported at $235 billion, and investments in AI startups such as Reflection AI could strengthen its software and developer ecosystem. AI stocks announce major buybacks

Insider Activity

In other news, EVP Timothy Teter sold 30,460 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of NVIDIA stock in a transaction that occurred 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 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,766,118 shares of company stock valued at $399,450,353 over the last three months. Insiders own 3.94% of the company's stock.

NVIDIA Stock Up 2.1%

NVIDIA stock opened at $238.90 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. The company's 50-day moving average is $219.59 and its 200-day moving average is $208.05. The firm has a market capitalization of $5.76 trillion, a PE ratio of 30.20, a P/E/G ratio of 1.81 and a beta of 2.22. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $240.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) 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 net margin of 63.66% and a return on equity of 96.04%. The business had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. During the same period last year, the business posted $1.05 EPS. NVIDIA's revenue was up 105.9% on a year-over-year basis. Sell-side analysts anticipate that NVIDIA Corporation will post 9.25 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid a $0.25 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.4%. NVIDIA's dividend payout ratio is currently 12.64%.

NVIDIA declared that its board has approved a stock buyback plan on Monday, September 28th that authorizes the company to repurchase $150.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

About NVIDIA

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company's products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

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