Cary Street Partners Investment Advisory LLC Has $12.06 Million Stake in NVIDIA Corporation $NVDA

Cary Street Partners Investment Advisory LLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,300 shares of the computer hardware maker's stock after buying an additional 5,606 shares during the period. NVIDIA comprises 2.4% of Cary Street Partners Investment Advisory LLC's portfolio, making the stock its 3rd largest holding. Cary Street Partners Investment Advisory LLC's holdings in NVIDIA were worth $12,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cypress Capital LLC boosted its position in shares of NVIDIA by 4.5% during the 2nd quarter. Cypress Capital LLC now owns 7,086 shares of the computer hardware maker's stock valued at $1,418,000 after acquiring an additional 308 shares in the last quarter. OFI Invest Asset Management increased its stake in NVIDIA by 14.3% in the second quarter. OFI Invest Asset Management now owns 3,809,430 shares of the computer hardware maker's stock valued at $762,229,000 after acquiring an additional 475,316 shares during the period. Rezny Wealth Management Inc. raised its position in NVIDIA by 10.8% in the second quarter. Rezny Wealth Management Inc. now owns 18,400 shares of the computer hardware maker's stock worth $3,682,000 after purchasing an additional 1,791 shares in the last quarter. Old North State Wealth Management LLC raised its position in NVIDIA by 3.3% in the second quarter. Old North State Wealth Management LLC now owns 40,735 shares of the computer hardware maker's stock worth $8,160,000 after purchasing an additional 1,285 shares in the last quarter. Finally, Aspen Investment Management Inc lifted its stake in NVIDIA by 3.2% during the second quarter. Aspen Investment Management Inc now owns 22,272 shares of the computer hardware maker's stock worth $4,456,000 after purchasing an additional 682 shares during the period. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the topic of several recent analyst reports. Wall Street Zen raised NVIDIA from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 29th. Truist Financial increased their price objective on NVIDIA from $307.00 to $346.00 and gave the stock a "buy" rating in a research note on Thursday, August 27th. Mizuho set a $315.00 price objective on NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 27th. Rosenblatt Securities set a $390.00 target price on shares of NVIDIA and gave the company a "buy" rating in a research note on Thursday, August 27th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $300.00 target price on shares of NVIDIA in a report on Thursday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $324.23.

NVIDIA Stock Up 1.8%

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

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping the consensus estimate of $2.09 by $0.13. The company had revenue of $96.22 billion during 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 was up 105.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 EPS. On average, analysts predict that NVIDIA Corporation will post 9.1 earnings per share for the current year.

NVIDIA Dividend Announcement

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

NVIDIA declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling at NVIDIA

In related news, EVP Timothy S. Teter sold 30,000 shares of the firm'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 $585,587,360.80. This trade represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 63,501 shares of NVIDIA stock in a transaction dated 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 sale, the director directly owned 4,558,770 shares in the company, valued at $1,003,202,926.20. This represents a 1.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,563,501 shares of company stock worth $335,380,530 in the last ninety days. 3.94% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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