Hohimer Wealth Management LLC Boosts Stake in NVIDIA Corporation $NVDA

Key Points

• Hohimer Wealth Management increased its NVIDIA stake by 2.8% in the second quarter to 110,149 shares valued at approximately $22.04 million, making NVIDIA its sixth-largest holding. Institutional investors collectively own 65.27% of the company.
• NVIDIA reported strong quarterly results, with revenue rising 105.9% year over year to $96.22 billion and EPS of $2.22, exceeding analyst expectations. CEO Jensen Huang also projects chip sales could roughly double next year as AI infrastructure demand remains strong.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and a $324.34 price target. However, investors are monitoring elevated valuation, potential AI-spending slowdowns, rising memory costs, competition from Huawei, and substantial insider selling.

Hohimer Wealth Management LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 110,149 shares of the computer hardware maker's stock after acquiring an additional 2,986 shares during the quarter. NVIDIA comprises about 2.2% of Hohimer Wealth Management LLC's portfolio, making the stock its 6th biggest holding. Hohimer Wealth Management LLC's holdings in NVIDIA were worth $22,040,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of NVIDIA by 2.1% in the 1st quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker's stock valued at $33,345,453,000 after buying an additional 4,019,505 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of NVIDIA by 0.3% during the 4th quarter. Invesco Ltd. now owns 143,239,504 shares of the computer hardware maker's stock worth $26,714,167,000 after acquiring an additional 446,178 shares during the period. J. Stern & Co. LLP boosted its position in shares of NVIDIA by 13,709.1% during the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock worth $23,454,297,000 after acquiring an additional 124,849,603 shares in the last quarter. Amundi increased its stake in NVIDIA by 10.4% in the first quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock valued at $23,329,141,000 after acquiring an additional 12,575,177 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in NVIDIA by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker's stock valued at $16,479,126,000 after acquiring an additional 555,221 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: CEO Jensen Huang said NVIDIA expects to sell roughly twice as many chips next year, reinforcing expectations that hyperscaler spending on AI data centers remains strong. The forecast includes demand for GPUs, CPUs, networking equipment and complete server racks. Nvidia Chip Sales Could Double Next Year, CEO Jensen Huang Says
• Positive Sentiment: Analysts and market commentators increasingly view NVIDIA as attractively valued relative to its growth. Its scale, diversified AI exposure, high profitability and lower forward valuation multiple give it an advantage over peers such as Credo, while some estimates suggest revenue growth could remain near 70% in fiscal 2028. Credo vs. NVIDIA After Earnings
• Positive Sentiment: AI infrastructure demand is expanding beyond processors into high-bandwidth memory and optical networking. NVIDIA has identified memory and silicon photonics as potential bottlenecks and has committed capital and purchase agreements involving suppliers such as Coherent and Lumentum, signaling sustained demand throughout its supply chain.
• Positive Sentiment: New ecosystem activity supports NVIDIA’s long-term growth narrative. Cloud partner CoreWeave is deploying next-generation Vera Rubin clusters, while NVIDIA-backed Nscale filed for a U.S. IPO. NVIDIA technology is also being used in autonomous trading systems, quantum-computing research and planned enterprise augmented-reality products.
• Neutral Sentiment: Speculative initiatives, including potential orbital data centers with SpaceX and NVIDIA’s quantum-computing software, could create future demand but are unlikely to materially affect near-term revenue.
• Negative Sentiment: Investors remain alert to competition from Huawei’s planned 2027 Ascend chips, possible AI-spending deceleration, rising memory costs that could pressure gross margins, and the effects of higher interest rates. The stock’s elevated valuation and dependence on continued hyperscaler capital expenditure also leave it sensitive to disappointing guidance.

Analyst Ratings Changes

NVDA has been the subject of a number of research analyst reports. KeyCorp reissued an "overweight" rating and set a $330.00 price target on shares of NVIDIA in a report on Monday, August 24th. KGI Securities boosted their target price on NVIDIA from $335.00 to $345.00 in a research note on Thursday, August 27th. DZ Bank reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, August 26th. Weiss Ratings reissued a "buy (b)" rating on shares of NVIDIA in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of NVIDIA in a research report on Thursday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $324.34.

NVIDIA Price Performance

Shares of NVDA opened at $222.27 on Friday. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $236.54. 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 has a market capitalization of $5.36 trillion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 1.69 and a beta of 2.22. The business has a 50-day moving average of $214.66 and a 200-day moving average of $204.29.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The business had revenue of $96.22 billion for the quarter, compared to analysts' expectations of $92.27 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The firm's revenue was up 105.9% on a year-over-year basis. As a group, equities research analysts anticipate that NVIDIA Corporation will post 9.25 earnings per share for the current year.

NVIDIA Dividend Announcement

The company 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 0.4%. NVIDIA's dividend payout ratio is 12.64%.

Insider Buying and Selling

In related news, Director Mark Stevens sold 622,239 shares of the business's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the transaction, the director owned 2,336,531 shares in the company, valued at $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Teter sold 30,000 shares of the company's stock in a transaction 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 sale, the executive vice president directly owned 2,687,660 shares in the company, valued at $585,587,360.80. This trade 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 sold 1,735,658 shares of company stock valued at $392,663,865 over the last quarter. Insiders own 3.94% of the company's stock.

About NVIDIA

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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