OneAscent Wealth Management LLC Increases Stock Position in NVIDIA Corporation $NVDA

Key Points

• Institutional ownership increased: OneAscent Wealth Management raised its NVIDIA stake by 40.4% in the second quarter to 10,465 shares valued at approximately $2.1 million. Overall, institutional investors owned 65.27% of NVIDIA’s stock.
• Analysts remained bullish: NVIDIA reported quarterly EPS and revenue above consensus estimates, with revenue up 105.9% year over year. Analysts maintained a consensus “Buy” rating and an average price target of $321.89.
• Insiders sold shares while NVIDIA expanded capital returns: Company insiders sold 1.77 million shares worth roughly $399.5 million over 90 days, while NVIDIA announced a $150 billion share-repurchase authorization and continued paying a quarterly dividend.

OneAscent Wealth Management LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 40.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,465 shares of the computer hardware maker's stock after buying an additional 3,010 shares during the period. NVIDIA accounts for 0.6% of OneAscent Wealth Management LLC's holdings, making the stock its 22nd largest position. OneAscent Wealth Management LLC's holdings in NVIDIA were worth $2,094,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. OneAscent Family Office LLC lifted its position in NVIDIA by 45.4% during the second quarter. OneAscent Family Office LLC now owns 27,837 shares of the computer hardware maker's stock worth $5,570,000 after purchasing an additional 8,693 shares during the period. Presper Financial Architects LLC raised its position in shares of NVIDIA by 6.7% in the 2nd quarter. Presper Financial Architects LLC now owns 1,328 shares of the computer hardware maker's stock valued at $266,000 after buying an additional 83 shares in the last quarter. OneAscent Financial Services LLC raised its position in shares of NVIDIA by 3.2% in the 2nd quarter. OneAscent Financial Services LLC now owns 141,845 shares of the computer hardware maker's stock valued at $28,382,000 after buying an additional 4,384 shares in the last quarter. Greenspring Advisors LLC lifted its holdings in shares of NVIDIA by 2.6% during the 2nd quarter. Greenspring Advisors LLC now owns 47,246 shares of the computer hardware maker's stock worth $9,453,000 after acquiring an additional 1,201 shares during the period. Finally, TRU Independence Asset Management 2 LLC increased its stake in NVIDIA by 15.9% in the second quarter. TRU Independence Asset Management 2 LLC now owns 19,974 shares of the computer hardware maker's stock valued at $3,997,000 after acquiring an additional 2,747 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Benchmark restated a "buy" rating and set a $335.00 target price on shares of NVIDIA in a research note on Thursday, August 27th. KeyCorp reiterated an "overweight" rating and issued a $330.00 price target on shares of NVIDIA in a research note on Monday, August 24th. Weiss Ratings reissued a "buy (b)" rating on shares of NVIDIA in a report on Wednesday, July 8th. Itau BBA Securities dropped their price objective on NVIDIA from $256.00 to $218.00 in a research report on Wednesday, June 24th. Finally, Truist Financial raised their price objective on NVIDIA from $307.00 to $346.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Four equities research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $321.89.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 622,239 shares of the company's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the sale, the director owned 2,336,531 shares in the company, valued at $541,187,310.22. This represents a 21.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the chief financial officer directly owned 765,103 shares of the company's stock, valued at $167,595,812.15. This represents a 4.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,766,118 shares of company stock worth $399,450,353. Company insiders own 3.94% of the company's stock.

NVIDIA Trading Up 2.1%

NASDAQ NVDA opened at $238.90 on Tuesday. The firm has a market capitalization of $5.76 trillion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 1.81 and a beta of 2.22. The business's 50-day moving average price is $219.59 and its two-hundred day moving average price is $208.05. 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 12 month low of $164.27 and a 12 month high of $240.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $92.27 billion. During the same period in the prior year, the firm posted $1.05 EPS. The company's quarterly revenue was up 105.9% on a year-over-year basis. On average, analysts expect that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were given a dividend of $0.25 per share. 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 0.4%. NVIDIA's dividend payout ratio is 12.64%.

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

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Strong supplier data reinforced AI demand. Foxconn reported its strongest-ever monthly revenue, helped by accelerating demand for AI servers that use NVIDIA systems. The report gave investors a near-term signal that hyperscaler and data-center spending remains robust. Why is Nvidia stock rising today?
• Positive Sentiment: Large Rubin GPU orders highlighted future growth. AM Intelligence announced firm orders for 20,000 NVIDIA Rubin GPUs for AI factories in India and Malaysia, supporting expectations for continued demand as customers expand beyond current-generation systems. AM Intelligence Expands NVIDIA Vera Rubin AI Factory Buildout
• Positive Sentiment: Analysts and technical signals remained bullish. Coverage pointed to NVIDIA’s central role in frontier AI, robotics and physical AI, while some analysts argued that its forward valuation remains reasonable relative to projected earnings growth. NVIDIA also led IBD’s list of top-performing stocks. The case for Nvidia's stock to march even higher
• Positive Sentiment: Capital-return and ecosystem catalysts added support. NVIDIA’s total share-buyback authorization was reported at $235 billion, and investments in AI startups such as Reflection AI could strengthen its software and developer ecosystem. AI stocks announce major buybacks

NVIDIA 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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