E Wealth Partners LLC Sells 4,498 Shares of NVIDIA Corporation $NVDA

Key Points

• E Wealth Partners reduced its NVIDIA stake by 29.8%, selling 4,498 shares and retaining 10,607 shares valued at approximately $2.12 million. Institutional investors collectively own 65.27% of the company.
• Analyst sentiment remains strongly positive: five analysts rate NVIDIA a Strong Buy and 49 rate it Buy, with a consensus price target of $321.89. The company also exceeded quarterly earnings and revenue expectations, reporting $2.22 EPS and $96.22 billion in revenue.
• NVIDIA declared a $0.25 quarterly dividend and authorized a $150 billion share-repurchase program. However, rising competition from custom AI chips, China market-share losses and valuation concerns remain key risks.

E Wealth Partners LLC lowered its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 29.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,607 shares of the computer hardware maker's stock after selling 4,498 shares during the quarter. NVIDIA accounts for approximately 1.5% of E Wealth Partners LLC's portfolio, making the stock its 7th largest position. E Wealth Partners LLC's holdings in NVIDIA were worth $2,122,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NVDA. WNY Asset Management LLC lifted its holdings in shares of NVIDIA by 0.7% in the 2nd quarter. WNY Asset Management LLC now owns 29,083 shares of the computer hardware maker's stock worth $5,819,000 after purchasing an additional 194 shares in the last quarter. Copia Wealth Management grew its position in NVIDIA by 323.3% in the 2nd quarter. Copia Wealth Management now owns 3,251 shares of the computer hardware maker's stock valued at $651,000 after purchasing an additional 2,483 shares during the period. Bank OZK grew its position in NVIDIA by 4.7% in the 2nd quarter. Bank OZK now owns 64,124 shares of the computer hardware maker's stock valued at $12,831,000 after purchasing an additional 2,888 shares during the period. Caitlin John LLC increased its stake in NVIDIA by 29.5% during the 2nd quarter. Caitlin John LLC now owns 16,692 shares of the computer hardware maker's stock valued at $3,340,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Asset Allocation Strategies LLC increased its stake in NVIDIA by 6.3% during the 2nd quarter. Asset Allocation Strategies LLC now owns 8,569 shares of the computer hardware maker's stock valued at $1,715,000 after purchasing an additional 510 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NVDA shares. Oppenheimer set a $315.00 price objective on shares of NVIDIA and gave the stock an "outperform" rating in a report on Thursday, August 27th. President Capital lifted their price objective on shares of NVIDIA from $295.00 to $330.00 in a report on Thursday, August 27th. Itau BBA Securities decreased their target price on shares of NVIDIA from $256.00 to $218.00 in a research report on Wednesday, June 24th. Jefferies Financial Group reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of NVIDIA in a report on Monday, August 31st. Five analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $321.89.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $228.52 on Wednesday. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The stock's fifty day simple moving average is $223.39 and its two-hundred day simple moving average is $210.37. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37. The stock has a market cap of $5.51 trillion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 1.75 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same period in the previous year, the firm earned $1.05 EPS. The business's revenue for the quarter was up 105.9% compared to the same quarter last year. As a group, analysts forecast that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA declared that its board has initiated a stock repurchase plan on Monday, September 28th that allows the company to repurchase $150.00 billion in shares. This repurchase authorization allows the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Share repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Vera Rubin and AI infrastructure momentum: NVIDIA has begun production of its next-generation Vera Rubin platform, which could support another major growth cycle as hyperscalers increase AI capital spending. Analysts see substantial upside if the ramp proceeds smoothly. NVIDIA Begins Vera Rubin Production
• Positive Sentiment: Networking expansion: NVIDIA and Cisco announced a planned 400Gb/s-per-lane Ultra-Dense Small Form Factor Pluggable optical module. The technology is designed to increase AI-factory bandwidth, improve power efficiency and strengthen NVIDIA’s position across the broader data-center stack. NVIDIA and Cisco Announce USFP
• Positive Sentiment: Additional demand and strategic investments: Scaleway plans an NVIDIA-powered computing site in Copenhagen, while NVIDIA is reportedly considering a minority investment in French healthcare platform Doctolib. Investors are also highlighting NVIDIA’s exceptional profit margins, large buyback authorization and potential software exposure through investments in AI companies.
• Neutral Sentiment: New ecosystem opportunities: NVIDIA-backed AI infrastructure partners, including Navitas, Bitdeer and oil-and-gas customers, continue developing NVIDIA-based systems. These announcements reinforce demand but may take time to produce material revenue for NVIDIA.
• Negative Sentiment: China market-share erosion: IDC reportedly estimates NVIDIA’s share of China’s AI-chip market has fallen to 34% as Huawei gains ground. Export restrictions and the possibility of permanently lower China data-center sales remain significant overhangs. NVIDIA China AI Chip Market Share Falls
• Negative Sentiment: Customer competition is increasing: Microsoft is preparing to rely more heavily on its own Maia chips for AI inference, raising concerns that custom silicon could reduce demand for NVIDIA GPUs among major cloud customers. Intel’s new inference-focused GPU also targets cost- and power-conscious buyers.
• Negative Sentiment: Valuation and funding concerns: Recent semiconductor weakness, profit-taking and warnings about an AI spending bubble have pressured the group. Firmus’s canceled IPO may signal tighter financing conditions for AI data-center projects, while elevated valuation expectations leave NVIDIA vulnerable if hyperscaler spending or product execution disappoints.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 34,918 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer directly owned 765,103 shares in the company, valued at approximately $167,595,812.15. The trade was a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy Teter sold 30,460 shares of the business's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares in the company, valued at approximately $598,810,648. This trade represents a 1.12% 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. Insiders have sold 1,766,118 shares of company stock valued at $399,450,353 over the last ninety days. Corporate insiders own 3.94% of the company's stock.

NVIDIA Company Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company's products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

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.