Lowe Brockenbrough & Co. Inc. Raises Holdings in NVIDIA Corporation $NVDA

Key Points

• Lowe Brockenbrough & Co. increased its NVIDIA stake by 3% in the second quarter, bringing its holdings to 226,813 shares valued at approximately $45.4 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA insiders sold substantial amounts of stock, including CFO Colette Kress’s $7.6 million sale and Director Mark Stevens’s $144.1 million sale. Insiders sold 1.74 million shares worth $392.7 million over the past 90 days.
• NVIDIA reported robust quarterly results, with revenue up 105.9% year over year to $96.22 billion and EPS of $2.22, exceeding estimates. Analysts maintain a consensus “Buy” rating with an average price target of $324.34, although investors remain cautious about valuation, competition and potential AI-spending moderation.

Lowe Brockenbrough & Co. Inc. grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 226,813 shares of the computer hardware maker's stock after acquiring an additional 6,699 shares during the quarter. NVIDIA accounts for about 2.0% of Lowe Brockenbrough & Co. Inc.'s holdings, making the stock its 9th largest position. Lowe Brockenbrough & Co. Inc.'s holdings in NVIDIA were worth $45,378,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Defender Capital LLC. boosted its stake in NVIDIA by 0.7% during 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. Kooman & Associates raised its stake in shares of NVIDIA by 0.6% in the 2nd quarter. Kooman & Associates now owns 8,464 shares of the computer hardware maker's stock valued at $1,694,000 after buying an additional 50 shares in the last quarter. Roof Eidam Maycock Peralta LLC lifted its holdings in shares of NVIDIA by 0.3% during the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 18,827 shares of the computer hardware maker's stock worth $3,767,000 after acquiring an additional 50 shares during the period. Spectrum Financial Alliance Ltd LLC lifted its holdings in shares of NVIDIA by 3.8% during the 1st quarter. Spectrum Financial Alliance Ltd LLC now owns 1,395 shares of the computer hardware maker's stock worth $243,000 after acquiring an additional 51 shares during the period. Finally, PFS Partners LLC boosted its position in shares of NVIDIA by 1.2% during the 2nd quarter. PFS Partners LLC now owns 4,375 shares of the computer hardware maker's stock valued at $875,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other news, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the sale, the chief financial officer directly owned 765,103 shares in the company, valued at approximately $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of NVIDIA stock in a transaction dated 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 completion of the transaction, the director directly owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,735,658 shares of company stock worth $392,663,865. 3.94% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $222.27 on Friday. The stock has a market capitalization of $5.36 trillion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 1.72 and a beta of 2.22. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $236.54. The firm 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 released its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $92.27 billion. During the same period in the prior year, the company earned $1.05 EPS. NVIDIA's revenue for the quarter was up 105.9% on a year-over-year basis. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

NVIDIA News Roundup

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.

Analysts Set New Price Targets

NVDA has been the topic of a number of analyst reports. Royal Bank Of Canada upped their target price on shares of NVIDIA from $300.00 to $330.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Tigress Financial reaffirmed a "strong-buy" rating and set a $425.00 price objective (up from $360.00) on shares of NVIDIA in a report on Wednesday, May 27th. Zacks Research lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of NVIDIA in a report on Monday, August 31st. Finally, China Renaissance raised their target price on NVIDIA from $319.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday, August 31st. Three investment analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, NVIDIA has a consensus rating of "Buy" and an average target price of $324.34.

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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