Empire Life Investments Inc. Lowers Stake in NVIDIA Corporation $NVDA

Empire Life Investments Inc. decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 258,863 shares of the computer hardware maker's stock after selling 11,712 shares during the period. NVIDIA comprises approximately 2.9% of Empire Life Investments Inc.'s portfolio, making the stock its 7th biggest holding. Empire Life Investments Inc.'s holdings in NVIDIA were worth $51,796,000 at the end of the most recent reporting period.

A number of other large 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 about $26,000. Longview Financial Advisors Inc. purchased a new stake in NVIDIA during the first quarter valued at about $27,000. Phillip James Consulting Co. purchased a new stake in NVIDIA during the first quarter valued at about $40,000. Syntax Research Inc. boosted its position in NVIDIA by 62.5% during the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock worth $49,000 after purchasing an additional 100 shares during the period. Finally, Frankly Finances LLC bought a new position in NVIDIA during the second quarter worth about $60,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NVDA. Evercore set a $465.00 price target on shares of NVIDIA and gave the company an "outperform" rating in a research report on Thursday, August 27th. Phillip Securities lifted their price objective on shares of NVIDIA from $285.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, August 31st. Wedbush boosted their target price on shares of NVIDIA from $330.00 to $345.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. Robert W. Baird set a $500.00 target price on NVIDIA and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Finally, KeyCorp restated an "overweight" rating and set a $330.00 target price on shares of NVIDIA in a research report on Monday, August 24th. 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's stock. According to MarketBeat, NVIDIA has an average rating of "Buy" and a consensus price target of $324.34.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Management pushed back against AI slowdown concerns. CEO Jensen Huang said AI safety risks should be addressed through engineering and testing rather than new regulations, while also arguing that demand for data-center infrastructure remains strong. His planned attendance at a U.S.-China state dinner could also support investor hopes for constructive technology discussions. Nvidia's Huang on AI safety and antitrust
• Positive Sentiment: New products and partnerships reinforce ecosystem demand. Salesforce launched Koa, a CRM reasoning model built on NVIDIA’s Nemotron platform. NVIDIA is also expanding CUDA-Q Logical, which links GPUs with quantum processors and could create longer-term demand for GPUs, networking equipment and DGX systems. Salesforce launches Koa
• Positive Sentiment: Supply-chain developments point to sustained demand. MediaTek launched a flagship chip using TSMC’s 2-nanometer process, while its broader partnership with NVIDIA includes custom AI chips, PCs and automotive applications. Separate reports highlight demand for NVIDIA’s GB300 systems and the high GPU content of upcoming Vera Rubin racks. TSMC 2-nanometer technology and NVIDIA partnership
• Neutral Sentiment: Analysts remain broadly constructive but acknowledge execution risks. Commentary points to NVIDIA’s strong profitability, broad AI ecosystem and potential growth in CPUs, networking, inference and quantum computing. However, much of this optimism depends on successfully deploying new products and maintaining hyperscaler capital spending. NVIDIA revenue guidance outlook
• Negative Sentiment: AI spending and valuation concerns continue to cap upside. Calls from AI executives to slow frontier-model development have raised questions about whether enormous data-center investments can continue at the same pace. Higher Treasury yields and oil prices are also pressuring high-growth technology valuations, while rising memory costs may weigh on NVIDIA’s gross margins. AI development slowdown concerns

NVIDIA Trading Up 0.6%

Shares of NVDA stock opened at $212.17 on Wednesday. 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 Corporation has a 52-week low of $164.27 and a 52-week high of $236.54. The company has a market capitalization of $5.11 trillion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 1.65 and a beta of 2.22. The business's fifty day moving average is $213.90 and its 200 day moving average is $203.66.

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, topping the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion during 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 firm's revenue was up 105.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. On average, equities research analysts anticipate that NVIDIA Corporation will post 9.12 EPS for the current fiscal 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 given a dividend of $0.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA's dividend payout ratio (DPR) is 12.64%.

NVIDIA announced that its board has authorized a share buyback program on Wednesday, May 20th that permits the company to repurchase $80.00 billion in shares. This repurchase authorization permits the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Mark Stevens sold 622,239 shares of NVIDIA stock in a transaction on Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of the sale, the director directly owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy Teter sold 30,000 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $217.88, for a total value of $6,536,400.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $585,587,360.80. This represents 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. Insiders have sold a total of 2,585,740 shares of company stock valued at $571,015,527 over the last ninety days. 3.94% of the stock is currently owned by insiders.

NVIDIA Company Profile

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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