NVIDIA Corporation $NVDA is Clark Capital Management Group Inc.'s 5th Largest Position

Key Points

• Clark Capital Management Group Inc. trimmed its stake in NVIDIA by 3.4% to 1,965,479 shares, making the stock its 5th‑largest holding at about $366.7 million (≈2.3% of the firm's portfolio).
• Insiders have been sizable sellers recently—Director Mark A. Stevens sold 222,500 shares and EVP Ajay K. Puri sold 300,000 shares, with insiders offloading 1,017,780 shares in the past three months (insider ownership ≈4.17%).
• NVIDIA beat quarterly estimates (EPS $1.62 vs. $1.54) and reported revenue up 73.2% year‑over‑year; Wall Street consensus remains a "Buy" with an average target near $274, and strategic moves like a $2B Nebius investment and the Nemotron 3 launch support continued data‑center demand.

Clark Capital Management Group Inc. cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,965,479 shares of the computer hardware maker's stock after selling 68,935 shares during the period. NVIDIA comprises approximately 2.3% of Clark Capital Management Group Inc.'s investment portfolio, making the stock its 5th biggest holding. Clark Capital Management Group Inc.'s holdings in NVIDIA were worth $366,719,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Winnow Wealth LLC acquired a new position in shares of NVIDIA in the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC grew its holdings in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after acquiring an additional 67 shares during the period. Spurstone Advisory Services LLC purchased a new position in NVIDIA during the second quarter valued at approximately $40,000. Sellwood Investment Partners LLC acquired a new position in NVIDIA in the third quarter valued at approximately $50,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new position in NVIDIA in the second quarter valued at approximately $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 222,500 shares of the company's stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $180.17, for a total value of $40,087,825.00. Following the completion of the sale, the director owned 7,621,453 shares of the company's stock, valued at approximately $1,373,157,187.01. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Ajay K. Puri sold 300,000 shares of the firm's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $182.52, for a total transaction of $54,756,000.00. Following the sale, the executive vice president owned 3,318,547 shares of the company's stock, valued at approximately $605,701,198.44. The trade was a 8.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,017,780 shares of company stock valued at $185,596,715 in the last three months. 4.17% of the stock is currently owned by insiders.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA struck a high‑profile strategic deal, committing $2 billion to Nebius to scale hyperscale AI cloud capacity — a move that secures future demand for NVIDIA GPUs and signals long‑term revenue/market share benefits. NVIDIA Bets $2 Billion on Nebius
• Positive Sentiment: NVIDIA released Nemotron 3 (an advanced open AI model) and continues to push agentic‑AI positioning — extending software/IP monetization beyond chips and supporting higher attach rates for its data‑center stack. NVIDIA Launches Nemotron 3
• Positive Sentiment: Reports show ByteDance is assembling AI capacity using NVIDIA’s top chips outside China, which reinforces global enterprise demand for NVIDIA hardware. ByteDance Access to Nvidia AI Chips
• Neutral Sentiment: Investors are focused on next week’s GTC where NVIDIA is expected to emphasize new CPU and system announcements (the company says CPUs are becoming a bottleneck for agentic AI) — the event can swing sentiment either way depending on product details and guidance. Nvidia's GTC will mark an AI chip pivot
• Neutral Sentiment: Macro and geopolitical risks (oil price moves, regional conflicts) are elevating market volatility and capping near‑term upside for high‑beta AI names like NVDA. Dow Jones Futures Fall; Crude Oil Prices Top $90
• Neutral Sentiment: Competing chip/cloud moves — e.g., Cerebras partnering with Amazon to offer alternative AI accelerators — underline growing competition in AI compute, a factor to monitor for margin/market‑share dynamics. Cerebras and Amazon deal
• Negative Sentiment: A sizable insider sale (EVP Ajay Puri sold 300,000 shares) has been flagged by the market and can feed short‑term profit‑taking narratives. Ajay K. Puri insider sale filing
• Negative Sentiment: U.S. policymakers are considering tighter export/permit controls on advanced AI chips — any formal restriction would directly affect NVIDIA’s addressable market and create regulatory uncertainty. US mulling export permits for Nvidia chips

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NVDA. Jefferies Financial Group reaffirmed a "buy" rating and set a $275.00 price objective (up from $250.00) on shares of NVIDIA in a research note on Friday, January 16th. Needham & Company LLC reiterated a "buy" rating and issued a $240.00 target price on shares of NVIDIA in a research note on Thursday, February 26th. HSBC set a $310.00 price target on shares of NVIDIA in a research report on Tuesday, February 24th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of NVIDIA in a report on Tuesday, January 6th. Finally, The Goldman Sachs Group set a $250.00 price objective on shares of NVIDIA and gave the stock a "buy" rating in a research report on Wednesday, February 25th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Buy" and a consensus price target of $274.21.

NVIDIA Trading Down 1.6%

NVDA opened at $180.25 on Monday. The firm has a market capitalization of $4.38 trillion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 0.61 and a beta of 2.33. The company's 50 day simple moving average is $185.35 and its two-hundred day simple moving average is $184.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.08. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The business had revenue of $68.13 billion during the quarter, compared to analyst estimates of $65.56 billion. During the same period in the prior year, the business earned $0.89 earnings per share. The business's revenue was up 73.2% compared to the same quarter last year. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Wednesday, March 11th. NVIDIA's dividend payout ratio is presently 0.82%.

NVIDIA Company 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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