Geneva Partners LLC Sells 6,496 Shares of NVIDIA Corporation $NVDA

Key Points

• Geneva Partners LLC cut its NVIDIA stake by 8.1%, selling 6,496 shares and retaining 73,463 shares worth approximately $14.7 million. NVIDIA remains about 3.9% of the firm’s portfolio.
• Institutional ownership remains substantial at 65.27%, while several investors increased their positions during the quarter, including Trivest Advisors, Uptick Partners and Madison Asset Management.
• NVIDIA reported stronger-than-expected quarterly results, with $2.22 in EPS and $96.22 billion in revenue, and authorized a $150 billion share-repurchase plan. Analysts remain broadly bullish, with an average “Buy” rating and a $320.71 price target.

Geneva Partners LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,463 shares of the computer hardware maker's stock after selling 6,496 shares during the period. NVIDIA comprises about 3.9% of Geneva Partners LLC's holdings, making the stock its 7th largest holding. Geneva Partners LLC's holdings in NVIDIA were worth $14,699,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. United Bank grew 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 worth $13,251,000 after acquiring an additional 214 shares in the last quarter. Trivest Advisors Ltd raised its stake in shares of NVIDIA by 23.4% in the second quarter. Trivest Advisors Ltd now owns 444,160 shares of the computer hardware maker's stock valued at $88,872,000 after acquiring an additional 84,160 shares in the last quarter. Uptick Partners LLC raised its stake in shares of NVIDIA by 8.8% in the second quarter. Uptick Partners LLC now owns 23,634 shares of the computer hardware maker's stock valued at $4,729,000 after acquiring an additional 1,903 shares in the last quarter. Madison Asset Management LLC boosted its holdings in NVIDIA by 9.0% in the second 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 during the period. Finally, Csenge Advisory Group boosted its holdings in NVIDIA by 4.1% in the second 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 during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Key NVIDIA News

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on NVDA. Mizuho set a $315.00 price target on NVIDIA and gave the stock an "outperform" rating in a report on Thursday, August 27th. Benchmark reiterated a "buy" rating and issued a $335.00 price objective on shares of NVIDIA in a research note on Thursday, August 27th. Itau BBA Securities lowered their price objective on NVIDIA from $256.00 to $218.00 in a research report on Wednesday, June 24th. Jefferies Financial Group restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, August 26th. Finally, UBS Group set a $300.00 target price on shares of NVIDIA and gave the stock a "buy" rating in a research note on Thursday, August 27th. Four analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $320.71.

NVIDIA Trading Up 1.3%

NASDAQ:NVDA opened at $233.95 on Friday. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $237.88. The stock has a market cap of $5.64 trillion, a P/E ratio of 29.58, a P/E/G 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. The stock has a 50-day simple moving average of $218.74 and a 200-day simple moving average of $207.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping 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 business's quarterly revenue was up 105.9% on a year-over-year basis. During the same quarter last year, the company earned $1.05 EPS. As a group, analysts anticipate that NVIDIA Corporation will post 9.25 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

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

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 34,918 shares of the company's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the transaction, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at $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. In the last quarter, insiders sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is currently owned by insiders.

About NVIDIA

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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