NVIDIA Corporation $NVDA is Patton Albertson Miller Group LLC's 3rd Largest Position

Key Points

• Patton Albertson Miller Group LLC reduced its NVIDIA position by 2.3% in the second quarter, but the stock remains the firm’s third-largest holding, representing 5.3% of its portfolio and worth approximately $53.1 million.
• Analysts remain broadly bullish: NVIDIA has an average “Buy” rating and a consensus price target of $324.34, while recent targets range from $300 to $320. The company also exceeded quarterly estimates with $2.22 in EPS and $96.22 billion in revenue, up 105.9% year over year.
• Strong AI-chip demand and infrastructure expansion support NVIDIA’s growth outlook, but investors face valuation, regulatory and insider-selling risks. NVIDIA has authorized an $80 billion share-repurchase program and recently reported more than $571 million in insider stock sales over three months.

Patton Albertson Miller Group LLC decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 265,472 shares of the computer hardware maker's stock after selling 6,115 shares during the quarter. NVIDIA makes up 5.3% of Patton Albertson Miller Group LLC's portfolio, making the stock its 3rd biggest holding. Patton Albertson Miller Group LLC's holdings in NVIDIA were worth $53,118,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NVDA. State Street Corp boosted its stake in shares of NVIDIA by 1.2% in the fourth quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker's stock worth $184,911,111,000 after acquiring an additional 11,451,386 shares during the period. Geode Capital Management LLC raised its stake in NVIDIA by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker's stock valued at $109,446,217,000 after purchasing an additional 3,383,441 shares in the last quarter. Norges Bank bought a new position in shares of NVIDIA in the 4th quarter valued at about $62,244,133,000. Bank of America Corp DE lifted its stake 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 purchasing an additional 4,019,505 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in NVIDIA by 1.5% in the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock worth $33,808,862,000 after buying an additional 2,609,560 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NVDA has been the subject of several recent analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a research report on Wednesday, July 8th. Needham & Company LLC reiterated a "buy" rating and set a $300.00 target price on shares of NVIDIA in a report on Friday, September 4th. Oppenheimer set a $315.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 27th. Itau BBA Securities decreased their price objective on NVIDIA from $256.00 to $218.00 in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of NVIDIA from $280.00 to $320.00 and gave the company an "overweight" rating in a research report on Thursday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $324.34.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analyst upgrade and growth outlook: Piper Sandler upgraded NVIDIA to “strong buy,” while CEO Jensen Huang reiterated expectations for roughly 70% revenue growth next year and a potential $3 trillion–$4 trillion AI market by 2030. Erste Group also raised its FY2027 EPS estimate to $9.23 from $9.00. NVIDIA analyst upgrade Jensen Huang growth outlook
• Positive Sentiment: Evidence of sustained chip demand: TSMC reported August revenue growth of 53.3% year over year, signaling continued orders for AI accelerators and advanced packaging. The data supports NVIDIA’s view that hyperscaler and enterprise AI infrastructure spending remains strong. TSMC August revenue
• Positive Sentiment: Infrastructure expansion and partnerships: NVIDIA is working with Australian cloud and data-center companies on up to 2 gigawatts of AI-factory capacity by 2027. Its collaborations with Palantir on sovereign AI supply chains and d-Matrix on chip-linking technology further expand the CUDA-based ecosystem and potential future demand. NVIDIA Australia AI infrastructure d-Matrix partnership
• Neutral Sentiment: Valuation remains the central debate: Investors are weighing NVIDIA’s exceptional growth, profitability and AI leadership against a very high market capitalization and the possibility that optimistic forecasts are already reflected in the stock. Analysts continue to compare NVIDIA with Broadcom and AMD as custom silicon competition develops. NVIDIA valuation debate
• Negative Sentiment: Regulatory and sentiment risks: The Justice Department is reportedly examining NVIDIA’s licensing arrangement with Groq for possible antitrust concerns. In addition, insiders have reported substantial selling with no purchases in the past six months, while higher oil prices and Treasury yields have pressured high-growth technology shares. DOJ Groq investigation NVIDIA insider sales

NVIDIA Stock Down 0.0%

Shares of NVDA stock opened at $218.29 on Friday. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $236.54. The stock has a market cap of $5.26 trillion, a P/E ratio of 27.60, a P/E/G ratio of 1.71 and a beta of 2.22. The stock has a 50 day moving average of $213.29 and a 200 day moving average of $203.33. 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 (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. As a group, sell-side analysts expect that NVIDIA Corporation will post 9.12 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA's dividend payout ratio is 12.64%.

NVIDIA announced that its board has approved a share repurchase program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In other news, EVP Timothy Teter sold 30,000 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director directly owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,585,740 shares of company stock worth $571,015,527. Corporate insiders own 3.94% of the company's stock.

NVIDIA Profile

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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