NVIDIA Corporation $NVDA Stock: GK Wealth Management LLC Decreases Holdings

Key Points

• GK Wealth Management cut its NVIDIA stake by 16.7% in the third quarter, selling 4,719 shares and retaining 23,595 shares worth approximately $5.39 million. NVIDIA remains the fund’s second-largest holding at 2.9% of its portfolio.
• Institutional investors own 65.27% of NVIDIA, with major holders including State Street, Bank of America, Amundi, Dimensional Fund Advisors and Deutsche Bank increasing their positions.
• Wall Street remains broadly bullish, with NVIDIA carrying a consensus “Buy” rating and an average price target of $321.47. The company also reported revenue growth of 105.9% year over year and authorized a $150 billion share-repurchase program.

GK Wealth Management LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 16.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,595 shares of the computer hardware maker's stock after selling 4,719 shares during the period. NVIDIA makes up approximately 2.9% of GK Wealth Management LLC's investment portfolio, making the stock its 2nd largest position. GK Wealth Management LLC's holdings in NVIDIA were worth $5,389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp lifted its position in NVIDIA by 1.6% in the second quarter. State Street Corp now owns 1,009,783,437 shares of the computer hardware maker's stock valued at $202,047,568,000 after acquiring an additional 15,897,836 shares during the last quarter. Bank of America Corp DE lifted its stake in NVIDIA by 2.2% in the 2nd quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker's stock valued at $39,090,956,000 after buying an additional 4,165,875 shares in the last quarter. Amundi grew its holdings in shares of NVIDIA by 10.4% during the first quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock worth $23,329,141,000 after buying an additional 12,575,177 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in NVIDIA by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker's stock worth $16,479,126,000 after buying an additional 555,221 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of NVIDIA by 2.3% during the 2nd quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker's stock worth $18,399,108,000 after purchasing an additional 2,045,101 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of NVIDIA from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, October 16th. Benchmark restated a "buy" rating and issued a $335.00 price objective on shares of NVIDIA in a research note on Thursday, August 27th. DA Davidson restated a "buy" rating and set a $300.00 price objective on shares of NVIDIA in a report on Thursday, August 27th. BNP Paribas Exane reaffirmed an "outperform" rating and set a $345.00 price objective on shares of NVIDIA in a report on Monday, October 5th. Finally, DZ Bank reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, August 26th. 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's stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Buy" and an average target price of $321.47.

Insider Activity

In other news, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction 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 completion of the sale, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at approximately $598,810,648. The trade was a 1.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. The trade was a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,766,118 shares of company stock valued at $399,450,353 over the last three months. Corporate insiders own 3.94% of the company's stock.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
• Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
• Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

NVIDIA Stock Performance

NASDAQ:NVDA opened at $204.64 on Monday. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. The company has a market cap of $4.93 trillion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.57 and a beta of 2.21. 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 fifty day moving average price of $221.74 and a 200-day moving average price of $204.24.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results 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. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. During the same period in the prior year, the business earned $1.05 earnings per share. The company's revenue for the quarter was up 105.9% compared to the same quarter last year. As a group, equities analysts anticipate that NVIDIA Corporation will post 9.30 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA's dividend payout ratio is 12.64%.

NVIDIA announced that its Board of Directors has initiated a stock repurchase plan on Monday, September 28th that allows the company to repurchase $150 billion in shares. This buyback authorization allows the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

About NVIDIA

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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