NVIDIA Corporation $NVDA Stock Position Cut by Aberdeen Wealth Management LLC

Key Points

• Aberdeen Wealth Management cut its NVIDIA stake by 22.6% in the second quarter, selling 4,070 shares and retaining 13,910 shares worth approximately $2.78 million. Institutional investors and hedge funds collectively own 65.27% of NVIDIA.
• NVIDIA continues to report strong operating momentum, with quarterly revenue up 105.9% year over year to $96.22 billion and earnings beating analyst estimates. The company also authorized a $150 billion share-repurchase program.
• Wall Street remains broadly bullish, with an average “Buy” rating and a consensus price target of $321.89, although insider selling and concerns about the sustainability and financing of AI infrastructure spending remain risks.

Aberdeen Wealth Management LLC lowered its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,910 shares of the computer hardware maker's stock after selling 4,070 shares during the quarter. NVIDIA makes up approximately 1.3% of Aberdeen Wealth Management LLC's investment portfolio, making the stock its 13th largest position. Aberdeen Wealth Management LLC's holdings in NVIDIA were worth $2,783,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of NVIDIA by 2.1% during 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 in the last quarter. Invesco Ltd. lifted its stake in 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 buying an additional 446,178 shares during the period. J. Stern & Co. LLP boosted its holdings in shares of NVIDIA by 13,709.1% during the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock worth $23,454,297,000 after buying an additional 124,849,603 shares in the last quarter. Amundi grew its position in shares of NVIDIA by 10.4% during the 1st 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 during the period. Finally, Deutsche Bank AG grew its position 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 buying an additional 2,045,101 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: AI infrastructure demand remains robust. TSMC reported third-quarter revenue growth of 50%, while analysts cited continued hyperscaler spending and projected U.S. data-center capital expenditures of roughly $2 trillion next year—supportive of NVIDIA’s accelerator demand. NVIDIA AI spending outlook
• Positive Sentiment: SpaceX reportedly plans to raise as much as $40 billion to purchase NVIDIA AI chips, highlighting the scale of demand from emerging AI customers. NVIDIA also committed $1 billion over five years to U.S. scientific research in areas including quantum computing, healthcare and energy security. SpaceX NVIDIA chip purchase report
• Neutral Sentiment: Options activity is mixed: a large bullish trade suggests some investors expect further gains, but heavier put buying in the semiconductor ETF indicates increased hedging and caution across the chip sector. Technical analysts also see resistance near $235 and potential support around $215–$220. NVIDIA and semiconductor options activity
• Negative Sentiment: Investors remain concerned that AI spending may be debt-funded and approaching a peak. The withdrawal of NVIDIA-backed Firmus Grid’s proposed multibillion-dollar IPO, alongside reports that OpenAI’s annualized revenue was below earlier expectations, has raised questions about AI infrastructure valuations and customer funding. Firmus IPO withdrawal
• Negative Sentiment: Leadership and governance headlines add limited uncertainty: NVIDIA’s head of corporate communications left after roughly four months, while a legal challenge to the company’s Groq technology transaction could create additional execution and reputational risk. NVIDIA communications chief departure

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $390.00 target price on shares of NVIDIA in a research report on Tuesday, September 29th. Itau BBA Securities reduced their price target on shares of NVIDIA from $256.00 to $218.00 in a report on Wednesday, June 24th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $350.00 price target on shares of NVIDIA in a research note on Thursday, October 1st. 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. Finally, HSBC increased their price objective on shares of NVIDIA from $360.00 to $365.00 in a research report on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $321.89.

Insider Buying and Selling

In related news, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the sale, the chief financial officer owned 765,103 shares of the company's stock, valued at approximately $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy Teter sold 30,460 shares of the business's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the transaction, the executive vice president 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, 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 Stock Performance

Shares of NVDA opened at $229.28 on Friday. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $243.37. The stock's 50-day simple moving average is $222.66 and its 200 day simple moving average is $209.43. 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 $5.53 trillion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 1.78 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $92.27 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. The company's quarterly revenue was up 105.9% compared to the same quarter last year. Research analysts forecast that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued 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 0.4%. NVIDIA's dividend payout ratio is presently 12.64%.

NVIDIA declared that its board has approved a share buyback program on Monday, September 28th that authorizes the company to repurchase $150.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to buy up to 2.8% of its stock through open market purchases. Share repurchase programs are usually a sign that the company's board believes its stock is undervalued.

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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