NVIDIA Corporation $NVDA Position Decreased by OneAscent Investment Solutions LLC

Key Points

• OneAscent Investment Solutions cut its NVIDIA stake by 33.7% in the second quarter, selling 5,367 shares and retaining 10,572 shares valued at approximately $2.1 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA insiders sold significant holdings recently, including an executive’s $6.8 million sale and a director’s $144.1 million sale; insiders sold 1.77 million shares worth roughly $399.5 million over the last quarter.
• NVIDIA reported quarterly results above expectations, with $2.22 in EPS and $96.22 billion in revenue, while announcing a potential $150 billion share repurchase plan. Analysts maintained an overall “Buy” consensus with an average price target of $321.89.

OneAscent Investment Solutions LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 33.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,572 shares of the computer hardware maker's stock after selling 5,367 shares during the period. NVIDIA makes up approximately 2.0% of OneAscent Investment Solutions LLC's portfolio, making the stock its 6th largest position. OneAscent Investment Solutions LLC's holdings in NVIDIA were worth $2,115,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NVDA. Lifetime Wealth Management P.C. purchased a new position in shares of NVIDIA during the 4th quarter worth approximately $26,000. Longview Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the first quarter valued at approximately $27,000. Langley Wealth Management LLC purchased a new stake in shares of NVIDIA in the second quarter valued at approximately $34,000. Phillip James Consulting Co. acquired a new position in NVIDIA during the first quarter worth $40,000. Finally, Frankly Finances LLC acquired a new position in NVIDIA during the second quarter worth $60,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction that occurred 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 sale, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following 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 SEC filing for this sale provides additional information. Insiders have sold a total of 1,766,118 shares of company stock worth $399,450,353 over the last quarter. 3.94% of the stock is owned by corporate insiders.

NVIDIA Stock Up 2.1%

NVDA stock opened at $238.90 on Tuesday. The company has a 50 day moving average price of $219.59 and a two-hundred day moving average price of $208.05. 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 market capitalization of $5.76 trillion, a P/E ratio of 30.20, a PEG ratio of 1.81 and a beta of 2.22. NVIDIA Corporation has a one year low of $164.27 and a one year high of $240.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (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 analysts' expectations of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The business's revenue was up 105.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. As a group, sell-side analysts expect that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA declared that its Board of Directors has approved a share repurchase plan on Monday, September 28th that allows the company to buyback $150.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

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 given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.4%. NVIDIA's dividend payout ratio (DPR) is 12.64%.

Analyst Ratings Changes

NVDA has been the topic of a number of recent analyst reports. Phillip Securities upped their price target on shares of NVIDIA from $285.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, August 31st. Morgan Stanley set a $230.00 price objective on shares of NVIDIA in a report on Friday. Sanford C. Bernstein restated a "buy" rating on shares of NVIDIA in a research report on Monday, September 21st. BMO Capital Markets set a $340.00 target price on shares of NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 20th. Finally, Mizuho set a $315.00 price target on shares of NVIDIA and gave the company an "outperform" rating in a research report on Thursday, August 27th. Four analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, NVIDIA currently has an average rating of "Buy" and a consensus target price of $321.89.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Strong supplier data reinforced AI demand. Foxconn reported its strongest-ever monthly revenue, helped by accelerating demand for AI servers that use NVIDIA systems. The report gave investors a near-term signal that hyperscaler and data-center spending remains robust. Why is Nvidia stock rising today?
• Positive Sentiment: Large Rubin GPU orders highlighted future growth. AM Intelligence announced firm orders for 20,000 NVIDIA Rubin GPUs for AI factories in India and Malaysia, supporting expectations for continued demand as customers expand beyond current-generation systems. AM Intelligence Expands NVIDIA Vera Rubin AI Factory Buildout
• Positive Sentiment: Analysts and technical signals remained bullish. Coverage pointed to NVIDIA’s central role in frontier AI, robotics and physical AI, while some analysts argued that its forward valuation remains reasonable relative to projected earnings growth. NVIDIA also led IBD’s list of top-performing stocks. The case for Nvidia's stock to march even higher
• Positive Sentiment: Capital-return and ecosystem catalysts added support. NVIDIA’s total share-buyback authorization was reported at $235 billion, and investments in AI startups such as Reflection AI could strengthen its software and developer ecosystem. AI stocks announce major buybacks

NVIDIA Company Profile

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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