NVIDIA Corporation $NVDA Shares Sold by Jackson Wealth Management LLC

Key Points

• Jackson Wealth Management cut its NVIDIA stake by 86.3% in the second quarter, selling 62,989 shares and retaining 10,021 shares valued at approximately $2.0 million. Institutional investors still own 65.27% of NVIDIA.
• NVIDIA reported stronger-than-expected quarterly results, with EPS of $2.22 and revenue of $96.22 billion, up 105.9% year over year. The board also authorized a $150 billion share-repurchase program, while the company maintains a $0.25 quarterly dividend.
• Insider selling and AI financing concerns weigh on sentiment, despite a consensus “Buy” rating and $321.89 analyst price target. NVIDIA shares recently traded at $214.13, while analysts and investors continue to monitor customer leverage, competitive chip development and the sustainability of AI-driven growth.

Jackson Wealth Management LLC lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 86.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,021 shares of the computer hardware maker's stock after selling 62,989 shares during the period. NVIDIA makes up 1.2% of Jackson Wealth Management LLC's holdings, making the stock its 16th biggest holding. Jackson Wealth Management LLC's holdings in NVIDIA were worth $2,005,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of NVIDIA by 2.2% in the second quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker's stock worth $39,090,956,000 after acquiring an additional 4,165,875 shares in the last quarter. Invesco Ltd. raised its stake in shares of NVIDIA by 0.3% in the fourth quarter. Invesco Ltd. now owns 143,239,504 shares of the computer hardware maker's stock valued at $26,714,167,000 after acquiring an additional 446,178 shares in the last quarter. Amundi raised its stake in shares of 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 in the last quarter. Deutsche Bank AG boosted its holdings in NVIDIA by 2.3% in the second quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker's stock valued at $18,399,108,000 after purchasing an additional 2,045,101 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 555,221 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director Mark Stevens sold 622,239 shares of NVIDIA stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the transaction, the director owned 2,336,531 shares of the company's stock, 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 SEC, which is available at this hyperlink. Also, EVP Timothy Teter sold 30,460 shares of the business's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the completion of the sale, the executive vice president owned 2,687,660 shares of the company's stock, valued at approximately $598,810,648. This represents a 1.12% 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 have sold a total of 1,766,118 shares of company stock valued at $399,450,353 over the last quarter. Company insiders own 3.94% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA traded down $3.10 during trading hours on Friday, hitting $214.13. The company had a trading volume of 120,783,023 shares, compared to its average volume of 108,333,480. The business has a 50 day moving average of $223.20 and a 200-day moving average of $211.10. The company has a market cap of $5.16 trillion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.67 and a beta of 2.22. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its 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 analysts' expectations of $92.27 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The business's revenue was up 105.9% compared to the same quarter last year. As a group, equities research analysts expect that NVIDIA Corporation will post 9.27 EPS for the current year.

NVIDIA announced that its Board of Directors has authorized a share buyback program on Monday, September 28th that allows the company to repurchase $150.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

NVDA has been the subject of several analyst reports. Mizuho set a $315.00 target price on NVIDIA and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Evercore set a $465.00 price target on NVIDIA and gave the company an "outperform" rating in a research 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. JPMorgan Chase & Co. boosted their price objective on NVIDIA from $280.00 to $320.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Finally, Daiwa Securities Group lowered their price objective on NVIDIA from $255.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $321.89.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: New RTX Spark laptops expand NVIDIA’s addressable market. Systems from ASUS, Dell, HP, Lenovo, Microsoft and MSI are now available starting at $2,599, combining Blackwell graphics, up to 128GB of memory and local AI capabilities. The launch could create a new consumer and developer revenue stream beyond data centers. NVIDIA RTX Spark PCs Available Today
• Positive Sentiment: Automotive and enterprise adoption continues. Volvo expanded its partnership with NVIDIA for automated-driving systems, while Adobe is integrating NVIDIA technology across Photoshop, Premiere and other creative tools. These agreements support longer-term demand for NVIDIA hardware and software. Volvo Cars expands automated driving partnership
• Positive Sentiment: Supply-chain investment and customer deployments remain strong. Taiwan is reportedly considering as much as $4 billion for Texas industrial parks serving NVIDIA suppliers, and customers continue deploying Blackwell systems. The developments reinforce demand, although they may take time to affect revenue. Taiwan Texas industrial parks
• Neutral Sentiment: NVIDIA is broadening its software and AI-model ecosystem. Paid offerings such as AI Enterprise and Mission Control, along with Nemotron open models and partnerships with AI startups, could make earnings less dependent on hardware. However, the articles provide no near-term financial contribution.
• Negative Sentiment: AI financing concerns are the main pressure. CoreWeave’s debt has reportedly traded at distressed yields, raising questions about whether highly leveraged customers can continue funding data-center expansion. Higher Treasury yields and inflation concerns are also making large AI projects more expensive. CoreWeave financing worries
• Negative Sentiment: Investors are questioning AI growth expectations. OpenAI’s reported $50 billion revenue run rate was below the roughly $68 billion previously anticipated, prompting concern that AI demand may mature more slowly. Microsoft’s development of custom Maia chips also highlights the risk of customers developing alternatives to NVIDIA GPUs. OpenAI revenue expectations
• Negative Sentiment: Reported insider selling adds a sentiment overhang. Recent data showed NVIDIA insiders made numerous sales and no open-market purchases over the past six months, though such transactions may reflect planned diversification rather than a change in business outlook.

About NVIDIA

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.