NVIDIA Corporation $NVDA Stock Holdings Increased by Wedmont Private Capital

Key Points

• Wedmont Private Capital increased its NVIDIA stake by 25.8% in the third quarter, adding 128,477 shares to reach 626,367 shares valued at approximately $144.4 million. NVIDIA now represents 3.4% of the firm’s portfolio and is its fifth-largest holding.
• Institutional investors and hedge funds own 65.27% of NVIDIA, with major holders including State Street, Bank of America, Amundi, Dimensional Fund Advisors and Deutsche Bank increasing their positions.
• NVIDIA’s latest quarter exceeded expectations, with revenue rising 105.9% year over year to $96.22 billion and EPS reaching $2.22. Analysts maintain a broadly bullish view, with an average “Buy” rating and a $321.47 price target, while the company also authorized a $150 billion share-repurchase program.

Wedmont Private Capital increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 25.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 626,367 shares of the computer hardware maker's stock after buying an additional 128,477 shares during the period. NVIDIA accounts for about 3.4% of Wedmont Private Capital's portfolio, making the stock its 5th largest holding. Wedmont Private Capital's holdings in NVIDIA were worth $144,365,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. State Street Corp boosted its holdings in shares of NVIDIA by 1.6% during the second quarter. State Street Corp now owns 1,009,783,437 shares of the computer hardware maker's stock worth $202,047,568,000 after acquiring an additional 15,897,836 shares during the period. Bank of America Corp DE grew its position 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 valued at $39,090,956,000 after purchasing an additional 4,165,875 shares during the last quarter. Amundi increased its stake 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 purchasing an additional 12,575,177 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 555,221 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of NVIDIA by 2.3% during the second 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. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA News Summary

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

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research reports. Mizuho set a $315.00 price target on NVIDIA and gave the stock an "outperform" rating in a report on Thursday, August 27th. DA Davidson reaffirmed a "buy" rating and issued a $300.00 price objective on shares of NVIDIA in a report on Thursday, August 27th. KeyCorp reiterated an "overweight" rating and set a $330.00 price objective on shares of NVIDIA in a research report on Monday, August 24th. Wedbush lifted their target price on NVIDIA from $330.00 to $345.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Finally, Daiwa Securities Group reduced their target price on shares of NVIDIA from $255.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, September 17th. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $321.47.

NVIDIA Price Performance

Shares of NVDA stock opened at $204.64 on Monday. The business has a fifty day simple moving average of $221.74 and a 200 day simple moving average of $204.24. The company has a market cap of $4.93 trillion, a P/E ratio of 25.87, a P/E/G ratio of 1.57 and a beta of 2.21. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $243.37.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The firm 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 for the quarter was up 105.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 earnings per share. On average, sell-side analysts forecast that NVIDIA Corporation will post 9.30 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Monday, September 28th that authorizes the company to repurchase $150 billion in shares. This buyback authorization authorizes the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

Insider Activity

In related news, EVP Timothy S. Teter sold 30,460 shares of the 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 transaction, the executive vice president owned 2,687,660 shares of the company's stock, valued at $598,810,648. This represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of the transaction, the director directly owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,766,118 shares of company stock worth $399,450,353. Corporate insiders own 3.94% of the company's stock.

NVIDIA Company Profile

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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