Carret Asset Management LLC Decreases Position in NVIDIA Corporation $NVDA

Key Points

• Carret Asset Management reduced its NVIDIA position by 7.9% in the second quarter, selling 6,085 shares and retaining 71,363 shares valued at approximately $14.3 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA reported strong quarterly momentum, with revenue up 105.9% year over year and earnings of $2.22 per share exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $324.34.
• Key risks and catalysts include potential expanded access to China, growing AI infrastructure demand and ecosystem expansion, while AMD’s competitive gains, rising infrastructure costs, valuation concerns and insider selling could weigh on the stock.

Carret Asset Management LLC trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,363 shares of the computer hardware maker's stock after selling 6,085 shares during the period. NVIDIA comprises about 1.2% of Carret Asset Management LLC's portfolio, making the stock its 16th largest holding. Carret Asset Management LLC's holdings in NVIDIA were worth $14,279,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mindset Wealth Management LLC boosted its holdings in shares of NVIDIA by 25.2% during the 2nd quarter. Mindset Wealth Management LLC now owns 1,184,129 shares of the computer hardware maker's stock worth $236,932,000 after purchasing an additional 238,146 shares during the last quarter. REAP Financial Group LLC increased its holdings in shares of NVIDIA by 21.1% in the second quarter. REAP Financial Group LLC now owns 8,926 shares of the computer hardware maker's stock valued at $1,786,000 after purchasing an additional 1,554 shares during the last quarter. Journey Advisory Group LLC increased its holdings in shares of NVIDIA by 18.1% in the second quarter. Journey Advisory Group LLC now owns 90,065 shares of the computer hardware maker's stock valued at $18,021,000 after purchasing an additional 13,773 shares during the last quarter. 46 Peaks LLC purchased a new position in NVIDIA during the second quarter worth approximately $587,000. Finally, Boomfish Wealth Group LLC lifted its position in NVIDIA by 29.9% during the second quarter. Boomfish Wealth Group LLC now owns 42,642 shares of the computer hardware maker's stock worth $8,532,000 after buying an additional 9,825 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: CEO Jensen Huang pushed back against AI “doomsday” scenarios and argued that existing laws are sufficient, helping ease concerns that overly restrictive regulation could slow AI deployment. Nvidia’s Jensen Huang rejects AI doomsday fears
• Positive Sentiment: Analysts and financial commentators continue to highlight NVIDIA’s earnings momentum, broad AI hardware and networking portfolio, and projected long-term demand. Zacks restored the stock to a Rank #1 “Strong Buy,” while another report cited potential upside from positive earnings revisions. Bull of the Day: NVIDIA Corp.
• Positive Sentiment: Potentially improved access to China is a major catalyst. NVIDIA’s latest forecast reportedly assumes no data-center compute sales to China, leaving upside if the upcoming Trump-Xi discussions lead to licenses or expanded chip shipments. Nvidia’s forecast assumes no data center chip sales to China
• Positive Sentiment: New ecosystem initiatives reinforce NVIDIA’s expansion beyond GPUs. QAD | Redzone plans to integrate NVIDIA technology into manufacturing intelligence, while NVIDIA’s reported roughly $12.9 billion Hugging Face acquisition would add a major developer, model and dataset ecosystem. QAD Redzone Accelerates Manufacturing Intelligence with NVIDIA
• Neutral Sentiment: Investors are increasingly focused on AI infrastructure bottlenecks such as high-bandwidth memory, optical networking, power and cooling. Rising component costs could pressure NVIDIA’s margins, but may also validate demand and strengthen the position of critical suppliers such as Micron, Coherent and Lumentum. NVIDIA just named AI’s next bottleneck
• Negative Sentiment: AMD’s rapid advance is intensifying competitive pressure. Large OpenAI and Oracle commitments, rising data-center revenue and potential pricing power suggest hyperscalers are diversifying away from a single accelerator supplier. AMD chips away at NVIDIA’s AI throne
• Negative Sentiment: Other reports warn that higher interest rates, concentrated AI revenue, expensive infrastructure financing and persistent bubble concerns could weigh on NVIDIA’s richly valued shares. NVIDIA also missed the strongest portion of a Meta-driven chip rally, underscoring lingering growth expectations.

Insider Transactions at NVIDIA

In related news, EVP Timothy Teter sold 30,000 shares of the 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 owned 2,687,660 shares of the company's stock, valued at approximately $585,587,360.80. This trade represents a 1.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction that occurred on 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 sale, the chief financial officer owned 765,103 shares of the company's stock, valued at $167,595,812.15. This trade represents a 4.36% 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. In the last three months, insiders have sold 1,735,658 shares of company stock worth $392,663,865. 3.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NVDA has been the subject of several analyst reports. Wells Fargo & Company restated an "overweight" rating and issued a $315.00 target price on shares of NVIDIA in a report on Tuesday, August 11th. Stifel Nicolaus set a $315.00 price target on NVIDIA in a report on Thursday, August 27th. Oppenheimer set a $315.00 price target on shares of NVIDIA and gave the company an "outperform" rating in a research report on Thursday, August 27th. Needham & Company LLC reissued a "buy" rating and issued a $300.00 price objective on shares of NVIDIA in a report on Friday, September 4th. Finally, UBS Group set a $300.00 price objective on shares of NVIDIA and gave the stock a "buy" rating in a research report on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Buy" and an average target price of $324.34.

NVIDIA Stock Up 0.7%

Shares of NASDAQ:NVDA opened at $228.87 on Wednesday. The company has a market capitalization of $5.52 trillion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.76 and a beta of 2.22. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month high of $236.54. The business has a 50-day moving average price of $215.47 and a 200 day moving average price of $205.09. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. NVIDIA's revenue for the quarter was up 105.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 earnings per share. Sell-side analysts expect that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA Dividend Announcement

The business 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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, September 10th. NVIDIA's dividend payout ratio is currently 12.64%.

About NVIDIA

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

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