Forbes J M & Co. LLP Has $82.50 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Forbes J M & Co. LLP reduced its NVIDIA stake by 0.6% in the second quarter but still held 412,311 shares worth approximately $82.5 million, representing 6.5% of its portfolio. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA reported quarterly revenue of $96.22 billion, up 105.9% year over year, and EPS of $2.22, surpassing analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $324.83.
• The company authorized an $80 billion share-repurchase program and declared a quarterly dividend of $0.25 per share, while recent insider selling—including substantial sales by Director Mark Stevens—provides a potential cautionary signal.

Forbes J M & Co. LLP lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 412,311 shares of the computer hardware maker's stock after selling 2,608 shares during the period. NVIDIA makes up about 6.5% of Forbes J M & Co. LLP's holdings, making the stock its biggest position. Forbes J M & Co. LLP's holdings in NVIDIA were worth $82,499,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Defender Capital LLC. raised its position in shares of NVIDIA by 0.7% in the second quarter. Defender Capital LLC. now owns 7,534 shares of the computer hardware maker's stock worth $1,507,000 after buying an additional 50 shares in the last quarter. Spectrum Financial Alliance Ltd LLC grew its position in NVIDIA by 3.8% during the first quarter. Spectrum Financial Alliance Ltd LLC now owns 1,395 shares of the computer hardware maker's stock worth $243,000 after buying an additional 51 shares in the last quarter. LMG Wealth Partners LLC increased its stake in NVIDIA by 0.7% in the 4th quarter. LMG Wealth Partners LLC now owns 7,649 shares of the computer hardware maker's stock worth $1,427,000 after acquiring an additional 53 shares during the last quarter. Vision Financial Markets LLC raised its holdings in shares of NVIDIA by 1.2% in the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker's stock valued at $866,000 after acquiring an additional 53 shares in the last quarter. Finally, Penobscot Wealth Management boosted its position in shares of NVIDIA by 0.7% during the 1st quarter. Penobscot Wealth Management now owns 7,930 shares of the computer hardware maker's stock valued at $1,383,000 after acquiring an additional 55 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NVDA. The Goldman Sachs Group restated a "neutral" rating and issued a $300.00 price objective (up from $285.00) on shares of NVIDIA in a research report on Thursday, August 27th. Raymond James Financial set a $515.00 price target on shares of NVIDIA and gave the stock a "strong-buy" rating in a research note on Thursday, August 27th. Stifel Nicolaus set a $315.00 price objective on shares of NVIDIA in a research report on Thursday, August 27th. Barclays reaffirmed an "overweight" rating on shares of NVIDIA in a report on Thursday, May 21st. Finally, HSBC upped their target price on shares of NVIDIA from $360.00 to $365.00 in a research report on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $324.83.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Hugging Face expands NVIDIA’s AI ecosystem: The acquisition gives NVIDIA access to Hugging Face’s open-source platform, which hosts millions of models, applications and datasets used by more than 18 million developers. Investors view the deal as a way to deepen CUDA adoption, strengthen NVIDIA’s software moat and position the company as an AI platform provider rather than solely a chip supplier. Management says Hugging Face will remain open to the broader AI ecosystem. Why NVIDIA’s defensive move to acquire Hugging Face is about much more than chips
• Positive Sentiment: New consumer AI revenue channel: Lenovo and Acer are expected to launch Windows PCs powered by NVIDIA’s RTX Spark chip in October. Local AI processing could expand NVIDIA’s addressable market while reducing reliance on cloud data centers. HP also announced new OmniBook PCs using RTX Spark technology. NVIDIA sets October launch for RTX Spark AI PCs
• Positive Sentiment: Analyst support and demand remain strong: Needham and Rosenblatt reaffirmed Buy ratings with price targets of $300 and $390, respectively. Recent earnings showed revenue growth above 100%, a 63.7% net margin and results ahead of consensus, while management’s long-term outlook continues to imply robust AI infrastructure spending. NVIDIA’s equity investments in companies such as OpenAI, CoreWeave and Nebius have also grown substantially, reinforcing its influence across the AI supply chain. NVIDIA has built a $99 billion equity portfolio
• Neutral Sentiment: Competitive and valuation considerations: NVIDIA remains dominant, but AMD, Broadcom and Intel are pursuing AI and server opportunities. Rising memory and optical-networking costs could pressure gross margins even if they confirm that demand exceeds supply.
• Negative Sentiment: Insider selling adds a cautionary signal: Director Mark Stevens sold roughly 648,500 shares in two transactions, while EVP Timothy Teter sold 30,000 shares. The sales were disclosed under planned transactions and represent small portions of their remaining holdings, limiting their significance but potentially weighing on sentiment.

NVIDIA Trading Up 0.8%

NVDA stock opened at $230.36 on Friday. The company has a market capitalization of $5.55 trillion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 1.81 and a beta of 2.22. 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 one year low of $164.07 and a one year high of $236.54. The company's 50 day moving average price is $210.61 and its two-hundred day moving average price is $202.05.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $92.27 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The firm's revenue was up 105.9% on a year-over-year basis. As a group, analysts predict that NVIDIA Corporation will post 9.1 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

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

Insider Transactions at NVIDIA

In other news, Director Mark Stevens sold 885,000 shares of NVIDIA stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the transaction, the director owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy Teter sold 30,000 shares of the business's stock in a transaction dated 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 sale, 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,563,501 shares of company stock worth $335,380,530 over the last ninety days. Insiders own 3.94% of the company's stock.

NVIDIA 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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