Activest Wealth Management Decreases Holdings in NVIDIA Corporation $NVDA

Key Points

• Activest Wealth Management cut its NVIDIA stake by 30.3% in the second quarter, selling 36,321 shares and retaining 83,470 shares valued at approximately $16.7 million. NVIDIA remains its ninth-largest holding and represents about 3.2% of the portfolio.
• Analyst sentiment remains bullish: NVIDIA has a consensus “Moderate Buy” rating and an average price target of $324.23, supported by strong AI-server demand and expansion into chips, networking and software.
• NVIDIA reported quarterly earnings of $2.22 per share and revenue of $96.22 billion, exceeding estimates, while revenue increased 105.9% year over year. The company also approved an $80 billion share-repurchase program and declared a quarterly dividend of $0.25 per share.

Activest Wealth Management reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 83,470 shares of the computer hardware maker's stock after selling 36,321 shares during the period. NVIDIA accounts for approximately 3.2% of Activest Wealth Management's investment portfolio, making the stock its 9th largest holding. Activest Wealth Management's holdings in NVIDIA were worth $16,701,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Defender Capital LLC. lifted its position in NVIDIA by 0.7% during the 2nd quarter. Defender Capital LLC. now owns 7,534 shares of the computer hardware maker's stock valued at $1,507,000 after purchasing an additional 50 shares during the period. Spectrum Financial Alliance Ltd LLC boosted its stake in shares of NVIDIA by 3.8% in the 1st quarter. Spectrum Financial Alliance Ltd LLC now owns 1,395 shares of the computer hardware maker's stock valued at $243,000 after purchasing an additional 51 shares during the last quarter. LMG Wealth Partners LLC grew its position in shares of NVIDIA by 0.7% during the 4th quarter. LMG Wealth Partners LLC now owns 7,649 shares of the computer hardware maker's stock worth $1,427,000 after buying an additional 53 shares during the period. Vision Financial Markets LLC raised its stake in shares of NVIDIA by 1.2% during the third quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker's stock worth $866,000 after buying an additional 53 shares during the last quarter. Finally, JGP Global Gestao de Recursos Ltda. lifted its holdings in NVIDIA by 2.3% in the fourth quarter. JGP Global Gestao de Recursos Ltda. now owns 2,402 shares of the computer hardware maker's stock valued at $448,000 after buying an additional 55 shares during the period. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NVDA. TD Cowen reaffirmed a "buy" rating on shares of NVIDIA in a research note on Tuesday, August 18th. Wall Street Zen raised NVIDIA from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 29th. Craig Hallum raised their price target on NVIDIA from $245.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. DA Davidson reaffirmed a "buy" rating and set a $300.00 price objective on shares of NVIDIA in a research note on Thursday, August 27th. Finally, Robert W. Baird set a $500.00 price objective on NVIDIA and gave the company an "outperform" rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $324.23.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 885,000 shares of the firm's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the sale, the director directly owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Timothy S. Teter sold 30,000 shares of NVIDIA stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $217.88, for a total transaction of $6,536,400.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $585,587,360.80. The trade was a 1.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,563,501 shares of company stock valued at $335,380,530 over the last quarter. 3.94% of the stock is owned by insiders.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Strong server demand supported by Dell: Dell Technologies’ stronger-than-expected results and raised guidance reinforced NVIDIA’s view that enterprise and hyperscaler spending on AI servers remains strong. NVIDIA’s stock is climbing as investors get more confidence in an expanding base of AI customers
• Positive Sentiment: Potential Hugging Face acquisition: Reports that NVIDIA is in advanced discussions to acquire AI platform Hugging Face for roughly $13 billion to $14 billion lifted expectations that the company could strengthen CUDA adoption, developer retention and recurring software revenue. The deal remains unconfirmed and could face integration and neutrality concerns. Why Nvidia’s $14 Billion Hugging Face Deal Would Make Total Sense
• Positive Sentiment: Expansion beyond GPUs: NVIDIA’s investments and partnerships with MediaTek, Equinix and optical-networking startup iPronics could extend its reach into custom AI chips, inference, automotive computing and data-center connectivity. An reported $35 billion Anthropic cloud commitment also highlighted continued demand for NVIDIA-powered compute. NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
• Positive Sentiment: Analyst confidence remains high: J.P. Morgan reaffirmed a Buy rating and a $320 price target, citing strong AI-driven growth and expected demand for NVIDIA’s next-generation platforms. NVIDIA Buy Rating Reaffirmed

NVIDIA Price Performance

NVDA opened at $224.41 on Thursday. The stock has a market cap of $5.41 trillion, a P/E ratio of 28.37, a P/E/G ratio of 1.71 and a beta of 2.22. NVIDIA Corporation has a 12 month low of $164.07 and a 12 month high of $236.54. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $209.20 and a 200 day simple moving average of $201.53.

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 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 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 company's revenue for the quarter was up 105.9% on a year-over-year basis. On average, research analysts expect that NVIDIA Corporation will post 9.1 EPS for the current year.

NVIDIA Dividend Announcement

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

NVIDIA announced that its Board of Directors has approved a share repurchase program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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