Essex LLC Sells 7,198 Shares of NVIDIA Corporation $NVDA

Essex LLC lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,646 shares of the computer hardware maker's stock after selling 7,198 shares during the quarter. NVIDIA accounts for approximately 1.4% of Essex LLC's holdings, making the stock its 13th biggest holding. Essex LLC's holdings in NVIDIA were worth $9,533,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Lifetime Wealth Management P.C. acquired a new position in NVIDIA in the fourth quarter worth about $26,000. Longview Financial Advisors Inc. acquired a new stake in NVIDIA during the first quarter valued at approximately $27,000. Phillip James Consulting Co. acquired a new stake in NVIDIA during the first quarter valued at approximately $40,000. Syntax Research Inc. grew its stake in shares of NVIDIA by 62.5% in the 4th quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock valued at $49,000 after purchasing an additional 100 shares during the period. Finally, Frankly Finances LLC bought a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $60,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Key Headlines Impacting NVIDIA

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

Analyst Upgrades and Downgrades

Several research firms recently commented on NVDA. Itau BBA Securities cut their target price on NVIDIA from $256.00 to $218.00 in a research report on Wednesday, June 24th. DZ Bank reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, August 26th. Melius Research set a $420.00 price objective on NVIDIA in a research note on Thursday, August 27th. KGI Securities lifted their price objective on NVIDIA from $335.00 to $345.00 in a report on Thursday, August 27th. Finally, Needham & Company LLC restated a "buy" rating and issued a $300.00 target price on shares of NVIDIA in a research note on Friday, September 4th. Three 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 stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $324.34.

NVIDIA Price Performance

NVDA opened at $212.17 on Wednesday. The stock has a market capitalization of $5.11 trillion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 1.65 and a beta of 2.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. The company's 50 day simple moving average is $213.90 and its 200-day simple moving average is $203.66. NVIDIA Corporation has a one year low of $164.27 and a one year high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The firm'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 firm posted $1.05 earnings per share. Sell-side analysts anticipate that NVIDIA Corporation will post 9.12 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared 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 payout ratio is currently 12.64%.

NVIDIA announced that its Board of Directors has approved a share repurchase program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in shares. This buyback authorization authorizes the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Timothy Teter sold 30,000 shares of the business's 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 sale, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at $585,587,360.80. The trade was a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the stock in a transaction that occurred 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 transaction, the director owned 2,336,531 shares in the company, valued at $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,585,740 shares of company stock valued at $571,015,527. 3.94% of the stock is currently owned by insiders.

NVIDIA 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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