Occidental Asset Management LLC Grows Position in NVIDIA Corporation $NVDA

Key Points

• Occidental Asset Management increased its NVIDIA stake by 2.3% in the second quarter to 332,148 shares valued at approximately $66.46 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA reported strong quarterly results, with revenue up 105.9% year over year to $96.22 billion and earnings of $2.22 per share, exceeding analyst estimates. The company also authorized an additional $150 billion share-repurchase program.
• Analysts remain broadly bullish, assigning NVIDIA an average price target of $324.14 versus an opening price of $228.38, though risks include a potential slowdown in AI infrastructure spending, competitive threats, rising costs and recent insider selling.

Occidental Asset Management LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 332,148 shares of the computer hardware maker's stock after acquiring an additional 7,388 shares during the period. NVIDIA makes up 6.6% of Occidental Asset Management LLC's portfolio, making the stock its 3rd biggest position. Occidental Asset Management LLC's holdings in NVIDIA were worth $66,460,000 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 the stock. Dunhill Financial LLC boosted its stake in NVIDIA by 3.8% in the 2nd quarter. Dunhill Financial LLC now owns 27,720 shares of the computer hardware maker's stock worth $5,547,000 after purchasing an additional 1,027 shares in the last quarter. Objectivity Squared LLC increased its stake in NVIDIA by 26.8% during the 2nd quarter. Objectivity Squared LLC now owns 6,836 shares of the computer hardware maker's stock valued at $1,368,000 after purchasing an additional 1,445 shares in the last quarter. Pallas Capital Advisors LLC increased its stake in NVIDIA by 16.8% during the 2nd quarter. Pallas Capital Advisors LLC now owns 323,844 shares of the computer hardware maker's stock valued at $64,798,000 after purchasing an additional 46,575 shares in the last quarter. Performance Wealth Partners LLC raised its holdings in NVIDIA by 0.9% in the second quarter. Performance Wealth Partners LLC now owns 1,425,507 shares of the computer hardware maker's stock worth $285,230,000 after buying an additional 12,768 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of NVIDIA by 2.3% in 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 buying an additional 2,045,101 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA authorized an additional $150 billion for share repurchases, raising total remaining authorization to approximately $235 billion through fiscal 2028. The move signals management’s confidence in the company’s cash generation and suggests it views the stock as attractively valued. Stock Market Today, Sept. 30: Nvidia Authorizes $150B Buyback, Lifting Total to $235B
• Positive Sentiment: The latest bullish case centers on sustained AI spending. NVIDIA’s data-center revenue reportedly surged 117% year over year to $89 billion, while management continues to forecast substantial growth despite the company’s enormous scale. Analysts cited valuation, hyperscaler capital expenditures and the company’s full-stack AI platform as potential upside drivers. Nvidia's Demand Outlook Still Supports The Bull Case
• Positive Sentiment: Political and regulatory developments were also favorable. President Donald Trump reportedly supported industry self-regulation at a White House AI meeting attended by CEO Jensen Huang, reducing near-term concerns that stricter rules could slow AI deployment. NVIDIA’s new AI safety platform could further support demand for inference, monitoring and networking infrastructure. Nvidia Was the Big Winner of Trump's AI Lunch, Here's Why
• Positive Sentiment: NVIDIA’s reported agreement to acquire Hugging Face for nearly $13 billion would expand its reach into open-source models, developer tools, datasets and AI distribution. The company is also investing in AI infrastructure partners, reinforcing its broader ecosystem strategy beyond GPUs. Nvidia just spent nearly $13 billion on something other than GPUs
• Neutral Sentiment: Softer-than-expected inflation helped support growth-oriented technology shares by reducing immediate expectations for additional Federal Reserve rate increases. However, higher interest rates remain a key valuation risk for AI-linked stocks. Why is Nvidia stock rising on Wednesday?
• Negative Sentiment: Risks remain around an AI spending slowdown, particularly if hyperscalers reduce capital expenditures. DeepSeek’s work with Huawei on software for alternative AI chips could also challenge NVIDIA’s software moat, while rising memory and networking costs may pressure gross margins. Investor Michael Burry’s reported bearish options position adds to skepticism, although it has not changed the company’s fundamental outlook. If AI Capex Cracks, Nvidia Could Feel It Before Meta Does

NVIDIA Trading Up 0.5%

NVIDIA stock opened at $228.38 on Thursday. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $236.54. The company has a market cap of $5.50 trillion, a P/E ratio of 28.87, a P/E/G ratio of 1.76 and a beta of 2.22. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $217.76 and a two-hundred day simple moving average of $206.94.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping the consensus estimate 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 net margin of 63.66% and a return on equity of 96.04%. The business's quarterly revenue was up 105.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 EPS. Analysts predict that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA declared that its board has approved a stock repurchase 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a $0.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.4%. NVIDIA's dividend payout ratio (DPR) is presently 12.64%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 622,239 shares of the company's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the sale, the director directly owned 2,336,531 shares in the company, valued at $541,187,310.22. This represents a 21.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Timothy S. Teter sold 30,460 shares of the firm's stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. This represents 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. Insiders have sold 1,766,118 shares of company stock worth $399,450,353 in the last 90 days. 3.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent analyst reports. Morgan Stanley set a $300.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a report on Thursday, August 27th. Royal Bank Of Canada upped their price objective on NVIDIA from $300.00 to $330.00 and gave the company an "outperform" rating in a research report on Thursday, August 27th. China Renaissance increased their target price on NVIDIA from $319.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, August 31st. DZ Bank reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, August 26th. Finally, Citigroup restated a "buy" rating and issued a $315.00 price target (up from $300.00) on shares of NVIDIA in a research note on Thursday, August 27th. Four equities research analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, NVIDIA currently has an average rating of "Buy" and an average price target of $324.14.

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.

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