NVIDIA Corporation $NVDA Stock Sold by KMG Fiduciary Partners LLC

Key Points

• KMG Fiduciary Partners cut its NVIDIA stake by 5.9% in the third quarter, selling 16,698 shares. It still held 265,542 shares worth about $60.6 million, making NVIDIA its second-largest portfolio position.
• Institutional ownership remains high at 65.27%, while NVIDIA also authorized a $150 billion share repurchase plan and pays an annualized dividend of $1 per share.
• NVIDIA faces mixed near-term signals: enterprise AI partnerships offer support, but data-center construction risks, AI spending and valuation concerns, and geopolitical uncertainty weigh on sentiment ahead of its scheduled November 17 earnings report.

KMG Fiduciary Partners LLC reduced its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 265,542 shares of the computer hardware maker's stock after selling 16,698 shares during the period. NVIDIA makes up 5.7% of KMG Fiduciary Partners LLC's portfolio, making the stock its 2nd biggest position. KMG Fiduciary Partners LLC's holdings in NVIDIA were worth $60,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. Montgomery Financial Services LLC purchased a new stake in NVIDIA during the 2nd quarter valued at about $28,000. Phillip James Consulting Co. purchased a new position in NVIDIA in the first quarter worth about $40,000. Bard Associates Inc. raised its holdings in NVIDIA by 8,866.7% in the second quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock worth $54,000 after buying an additional 266 shares during the last quarter. Frankly Finances LLC purchased a new position in NVIDIA in the second quarter worth about $60,000. Finally, ABS Investment Management LLC bought a new position in shares of NVIDIA in the second quarter worth approximately $80,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Box expanded its partnership with NVIDIA, integrating NVIDIA’s Nemotron technology into new AI search and workflow tools—an example of continued enterprise demand for the company’s AI platform. Box expands Nvidia partnership
• Positive Sentiment: Ark Invest reportedly bought NVIDIA shares while selling AMD, and some commentators argue NVIDIA’s valuation looks more attractive after the recent retreat. These are supportive sentiment signals, not evidence that the broader concerns have eased. Cathie Wood buys Nvidia
• Neutral Sentiment: NVIDIA’s next major catalyst is its scheduled November 17 quarterly report. With investors focused on whether growth can exceed already-high expectations, the results and guidance may help determine the stock’s near-term direction. Nvidia investors need to watch Nov. 17
• Negative Sentiment: Election-related uncertainty is raising fears that data-center construction could slow or become more expensive. UBS estimates that delays could affect a substantial share of U.S. capacity planned for 2028 if construction pauses spread, threatening a key source of future chip demand. AI selloff and data-center concerns
• Negative Sentiment: Investors are also reassessing AI valuations and the scale and financing of infrastructure spending. The weakness has spread across chipmakers, and NVIDIA’s move below a widely watched technical support level may add to selling pressure. AI spending fears and financing risks
• Negative Sentiment: China-related headlines add geopolitical and compliance uncertainty: Chinese AI firm Moonshot has explored accessing Blackwell chips through European data centers, while House Republican leaders requested a closed-door briefing with CEO Jensen Huang following a report about an executive’s alleged links to Chinese intelligence. Moonshot seeks Nvidia chip access in Europe

NVIDIA Price Performance

Shares of NVDA opened at $181.60 on Friday. The firm has a fifty day simple moving average of $220.63 and a two-hundred day simple moving average of $204.48. The firm has a market cap of $4.38 trillion, a PE ratio of 22.96, a P/E/G ratio of 1.54 and a beta of 2.21. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. The firm had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The company's revenue for the quarter was up 105.9% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. On average, equities analysts anticipate that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders 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 dividend on an annualized basis and a yield of 0.6%. NVIDIA's dividend payout ratio is currently 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.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NVDA. Morgan Stanley set a $230.00 price target on shares of NVIDIA in a report on Friday, October 2nd. HSBC raised their price target on shares of NVIDIA from $360.00 to $365.00 in a research report on Thursday, August 27th. DZ Bank restated a "buy" rating on shares of NVIDIA in a report on Wednesday, August 26th. Melius Research lowered their price objective on NVIDIA from $420.00 to $315.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Citigroup reiterated a "buy" rating and set a $315.00 target price (up from $300.00) on shares of NVIDIA in a research note on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $318.85.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Timothy S. 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 transaction of $6,786,488.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares in the company, valued at $598,810,648. The trade was a 1.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of the company's stock in a transaction dated 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 sale, the director directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,766,118 shares of company stock valued at $399,450,353. 3.94% of the stock is owned by company insiders.

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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