Altus Wealth Group LLC Increases Holdings in NVIDIA Corporation $NVDA

Key Points

• Altus Wealth Group increased its NVIDIA stake by 44.8% in the second quarter, bringing its holdings to 35,577 shares valued at approximately $7.1 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA exceeded quarterly expectations with $96.22 billion in revenue and $2.22 in EPS, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $324.23.
• Despite strong growth prospects and an authorized $80 billion buyback, insiders sold approximately $335.4 million of shares over the past 90 days, while rising costs, tariffs and competition from custom AI chips remain risks.

Altus Wealth Group LLC raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 44.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 35,577 shares of the computer hardware maker's stock after purchasing an additional 11,002 shares during the period. NVIDIA accounts for about 2.6% of Altus Wealth Group LLC's investment portfolio, making the stock its 8th biggest holding. Altus Wealth Group LLC's holdings in NVIDIA were worth $7,119,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Lifetime Wealth Management P.C. purchased a new stake in NVIDIA in the 4th quarter worth approximately $26,000. Longview Financial Advisors Inc. purchased a new position in NVIDIA during the first quarter valued at approximately $27,000. Longfellow Investment Management Co. LLC boosted its position in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after purchasing an additional 67 shares during the period. Phillip James Consulting Co. bought a new position in shares of NVIDIA in the first quarter worth approximately $40,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of NVIDIA in the second quarter worth $40,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NVDA shares. Zacks Research downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 21st. Citic Securities increased their price target on NVIDIA from $242.00 to $315.00 and gave the stock a "buy" rating in a research note on Friday, May 22nd. Wedbush raised their price target on NVIDIA from $330.00 to $345.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. Benchmark restated a "buy" rating and issued a $335.00 price objective on shares of NVIDIA in a research report on Thursday, August 27th. Finally, Itau BBA Securities dropped their price objective on NVIDIA from $256.00 to $218.00 in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $324.23.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 63,501 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $220.06, for a total value of $13,974,030.06. Following the completion of the transaction, the director directly owned 4,558,770 shares of the company's stock, valued at approximately $1,003,202,926.20. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy S. Teter sold 30,000 shares of the company's stock in a transaction 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 sale, 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 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 1,563,501 shares of company stock worth $335,380,530. Corporate insiders own 3.94% of the company's stock.

NVIDIA Stock Up 1.8%

NVDA opened at $228.45 on Friday. The firm has a 50-day simple moving average of $209.85 and a two-hundred day simple moving average of $201.85. NVIDIA Corporation has a 52 week low of $164.07 and a 52 week high of $236.54. The company has a market capitalization of $5.51 trillion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 1.76 and a beta of 2.22. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14.

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, topping the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion for the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The business's revenue was up 105.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 earnings per share. Analysts forecast that NVIDIA Corporation will post 9.1 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. NVIDIA's payout ratio is presently 12.64%.

NVIDIA declared that its board has approved a stock buyback program on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Hugging Face acquisition: NVIDIA agreed to acquire open-source AI platform Hugging Face for approximately $12.93 billion. The deal could strengthen CUDA adoption, improve developer retention and give NVIDIA a larger role in AI model development and deployment beyond selling chips. Nvidia to buy Hugging Face for nearly $13 billion
• Positive Sentiment: Growth outlook remains strong: NVIDIA’s recent quarterly results exceeded expectations, with $96.22 billion in revenue and $2.22 in EPS. Management’s roughly 70% fiscal 2028 revenue-growth outlook was materially above consensus, reducing concerns that AI demand is rapidly decelerating. Nvidia: The Market Is Crazy Not To Push The Stock Higher
• Positive Sentiment: Customer spending validation: Dell Technologies’ stronger guidance and expanding AI-server demand reinforced NVIDIA’s view that enterprise and hyperscaler capital expenditures remain elevated. NVIDIA also announced that Lenovo and Acer will launch RTX Spark AI PCs in October, extending its reach into client computing. Nvidia sets October launch for RTX Spark AI PCs
• Positive Sentiment: Broader AI ecosystem exposure: Partnerships with Equinix and Together AI on enterprise inference, plus a reported $6 billion GPU deployment connected to humanoid-robotics company Figure, point to additional demand for NVIDIA’s platforms in inference and physical AI. Nvidia lands surprise $6B GPU windfall with Figure
• Neutral Sentiment: Strategic execution will be closely watched: The Hugging Face transaction is intended to preserve an open developer ecosystem, but NVIDIA must integrate the platform without undermining its neutrality or causing developers to migrate elsewhere. The acquisition also comes as cloud providers continue developing custom AI chips.
• Negative Sentiment: Margin pressure: Rising memory and networking costs are expected to weigh on gross margins, even though they reflect supply constraints and strong demand. Investors are monitoring whether NVIDIA can maintain profitability above 70%. Memory Costs Rise: Can NVIDIA Protect Its 70% Gross Margin?
• Negative Sentiment: Insider selling and policy risks: Executives and directors recently sold shares, including a Rule 10b5-1 sale by EVP Timothy Teter. Possible U.S. semiconductor tariffs and elevated interest rates remain additional risks to valuation and global supply chains.

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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