Core Wealth Partners LLC Sells 3,660 Shares of NVIDIA Corporation $NVDA

Key Points

• Core Wealth Partners reduced its NVIDIA position by 13.7%, selling 3,660 shares and retaining 23,095 shares valued at approximately $4.62 million. NVIDIA represented 2.0% of the firm’s holdings at quarter-end.
• NVIDIA reported stronger-than-expected quarterly results, with $96.22 billion in revenue and $2.22 in EPS, while revenue more than doubled year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $324.23.
• Investors are weighing NVIDIA’s growth opportunities—including the proposed $12.93 billion Hugging Face acquisition and sustained AI-server demand—against margin pressure, insider selling and potential trade-policy risks.

Core Wealth Partners LLC lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,095 shares of the computer hardware maker's stock after selling 3,660 shares during the quarter. NVIDIA accounts for 2.0% of Core Wealth Partners LLC's holdings, making the stock its 12th biggest position. Core Wealth Partners LLC's holdings in NVIDIA were worth $4,621,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NVDA. Lifetime Wealth Management P.C. bought a new position in NVIDIA in the fourth quarter valued at $26,000. Longview Financial Advisors Inc. bought a new stake in NVIDIA during the 1st quarter worth about $27,000. Longfellow Investment Management Co. LLC boosted its stake in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after buying an additional 67 shares during the last quarter. Phillip James Consulting Co. acquired a new position in shares of NVIDIA during the 1st quarter worth about $40,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of NVIDIA in the 2nd quarter valued at about $40,000. 65.27% of the stock is owned by institutional investors.

Key Headlines 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.

NVIDIA Trading Up 1.8%

NVIDIA stock opened at $228.45 on Friday. 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. The stock has a market capitalization of $5.51 trillion, a P/E ratio of 28.88, a PEG ratio of 1.76 and a beta of 2.22. The stock has a 50-day simple moving average of $209.85 and a 200 day simple moving average of $201.85.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. The firm had revenue of $96.22 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $1.05 earnings per share. Analysts expect that NVIDIA Corporation will post 9.1 earnings per share for the current year.

NVIDIA Announces Dividend

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

NVIDIA declared that its board has authorized a stock buyback plan on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts recently issued reports on NVDA shares. President Capital upped their target price on NVIDIA from $295.00 to $330.00 in a report on Thursday, August 27th. Barclays restated an "overweight" rating on shares of NVIDIA in a research note on Thursday, May 21st. KeyCorp reaffirmed an "overweight" rating and set a $330.00 price target on shares of NVIDIA in a research report on Monday, August 24th. Morgan Stanley set a $300.00 price objective on NVIDIA and gave the stock an "overweight" rating in a research note on Thursday, August 27th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $350.00 price objective on shares of NVIDIA in a report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $324.23.

Insiders Place Their Bets

In related news, Director Mark Stevens sold 63,501 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $220.06, for a total value of $13,974,030.06. Following the sale, the director owned 4,558,770 shares in the company, valued at approximately $1,003,202,926.20. This represents a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy S. Teter sold 30,000 shares of NVIDIA stock in a transaction on Monday, August 31st. The stock was sold at an average price of $217.88, for a total transaction of $6,536,400.00. Following the transaction, the executive vice president directly 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 ownership of the stock. 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 90 days, insiders sold 1,563,501 shares of company stock worth $335,380,530. 3.94% of the stock is owned by company insiders.

NVIDIA Company Profile

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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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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