Evoke Wealth LLC Sells 229,221 Shares of NVIDIA Corporation $NVDA

Key Points

• Evoke Wealth LLC cut its NVIDIA position by 99.1%, selling 229,221 shares and retaining 2,177 shares worth approximately $436,000. Institutional investors and hedge funds collectively own 65.27% of NVIDIA.
• NVIDIA reported strong quarterly results, with revenue up 105.9% year over year to $96.22 billion and EPS of $2.22, surpassing analyst expectations. The company also authorized a $150 billion share-repurchase program.
• Analyst sentiment remains positive, with NVIDIA carrying an average “Buy” rating and a consensus price target of $320.71, although insider selling, valuation sensitivity and export-control concerns remain potential risks.

Evoke Wealth LLC trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 99.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,177 shares of the computer hardware maker's stock after selling 229,221 shares during the quarter. NVIDIA makes up about 28.0% of Evoke Wealth LLC's investment portfolio, making the stock its 2nd biggest position. Evoke Wealth LLC's holdings in NVIDIA were worth $436,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. United Bank raised its stake in shares of NVIDIA by 0.3% in the second quarter. United Bank now owns 66,223 shares of the computer hardware maker's stock valued at $13,251,000 after acquiring an additional 214 shares during the last quarter. Trivest Advisors Ltd grew its position in NVIDIA by 23.4% during the 2nd quarter. Trivest Advisors Ltd now owns 444,160 shares of the computer hardware maker's stock worth $88,872,000 after acquiring an additional 84,160 shares during the last quarter. Uptick Partners LLC grew its position in NVIDIA by 8.8% during the 2nd quarter. Uptick Partners LLC now owns 23,634 shares of the computer hardware maker's stock worth $4,729,000 after acquiring an additional 1,903 shares during the last quarter. Madison Asset Management LLC increased its holdings in NVIDIA by 9.0% during the 2nd quarter. Madison Asset Management LLC now owns 27,969 shares of the computer hardware maker's stock valued at $5,596,000 after purchasing an additional 2,298 shares in the last quarter. Finally, Csenge Advisory Group increased its holdings in NVIDIA by 4.1% during the 2nd quarter. Csenge Advisory Group now owns 121,296 shares of the computer hardware maker's stock valued at $24,270,000 after purchasing an additional 4,794 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $233.95 on Friday. The stock has a 50-day moving average price of $218.74 and a 200 day moving average price of $207.48. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The firm has a market cap of $5.64 trillion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.81 and a beta of 2.22. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $237.88.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating 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 company had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same period in the prior year, the company posted $1.05 EPS. The company's revenue was up 105.9% compared to the same quarter last year. Research analysts expect that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA announced that its Board of Directors has approved a share repurchase program on Monday, September 28th that authorizes the company to buyback $150.00 billion in shares. This buyback authorization authorizes the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid 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 payout ratio is 12.64%.

Insider Activity at NVIDIA

In related news, EVP Timothy Teter sold 30,460 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at $598,810,648. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the firm's 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 directly owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,766,118 shares of company stock worth $399,450,353 over the last ninety days. Company insiders own 3.94% of the company's stock.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Morgan Stanley named NVIDIA its top semiconductor pick, maintaining an Overweight rating and setting a $300 price target. The firm believes NVIDIA’s software ecosystem, scale and positioning across AI infrastructure trends give it a durable competitive moat. Morgan Stanley names NVIDIA a top pick
• Positive Sentiment: NVIDIA’s recently announced $150 billion buyback authorization lifts total remaining repurchase capacity to approximately $235 billion. Investors view the plan as a sign of management confidence and a potential source of per-share earnings support. NVIDIA buyback analysis
• Positive Sentiment: Analysts continue to raise expectations for hyperscaler spending, with Barclays estimating NVIDIA could generate $401 billion in hyperscaler revenue in 2027. CoreWeave’s launch of the Vera Rubin platform and additional enterprise customers also supports demand for NVIDIA’s next-generation systems. Barclays hyperscaler revenue estimate
• Neutral Sentiment: The broader semiconductor and technology complex is attracting buying interest as AI investment remains a major market leadership theme. However, NVIDIA’s valuation and substantial market concentration leave the stock sensitive to interest rates, economic data and shifts in institutional positioning.
• Negative Sentiment: Investors are monitoring reports that Amazon may move roughly $8 billion of NVIDIA chips off its balance sheet through leasing or financing structures. While this could improve customer flexibility, it adds scrutiny around AI infrastructure financing and so-called circular transactions. Amazon NVIDIA chip balance-sheet report
• Negative Sentiment: Export-control concerns remain a headline risk after prosecutors alleged a California man helped smuggle approximately $300 million of NVIDIA chips to China. Separately, Michael Burry warned that GPU depreciation could undermine the economics of the AI infrastructure boom, while Alphabet’s growing use of internally designed chips represents a longer-term competitive threat. NVIDIA chip smuggling prosecution

Analyst Upgrades and Downgrades

A number of research firms have commented on NVDA. President Capital boosted their price objective on NVIDIA from $295.00 to $330.00 in a research note on Thursday, August 27th. China Renaissance raised their target price on NVIDIA from $319.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, August 31st. Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a research note on Wednesday, July 8th. UBS Group set a $300.00 price target on NVIDIA and gave the company a "buy" rating in a report on Thursday, August 27th. Finally, HSBC upped their price target on shares of NVIDIA from $360.00 to $365.00 in a research report on Thursday, August 27th. Four research analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $320.71.

NVIDIA 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.

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