Pinnacle Associates Ltd. Has $191.03 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Pinnacle Associates reduced its NVIDIA stake by 0.4% in the second quarter, but still held 954,703 shares valued at approximately $191 million—about 2.1% of its portfolio.
• Wall Street remains broadly bullish, with a consensus “Buy” rating and an average price target of $324.34. NVIDIA also exceeded quarterly earnings and revenue estimates, with revenue rising 105.9% year over year.
• NVIDIA insiders sold approximately $392.7 million of stock over the past 90 days, including a $144.1 million sale by director Mark A. Stevens, while institutional investors own 65.27% of the company.

Pinnacle Associates Ltd. cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 954,703 shares of the computer hardware maker's stock after selling 4,122 shares during the period. NVIDIA accounts for about 2.1% of Pinnacle Associates Ltd.'s portfolio, making the stock its 6th biggest position. Pinnacle Associates Ltd.'s holdings in NVIDIA were worth $191,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit Wealth Partners LLC lifted its position in NVIDIA by 1.9% in the second quarter. Summit Wealth Partners LLC now owns 58,946 shares of the computer hardware maker's stock worth $11,795,000 after buying an additional 1,088 shares during the last quarter. Check Capital Management Inc. CA raised its stake in shares of NVIDIA by 45.3% in the second quarter. Check Capital Management Inc. CA now owns 3,077 shares of the computer hardware maker's stock valued at $616,000 after acquiring an additional 960 shares during the period. ProVise Management Group LLC lifted its holdings in shares of NVIDIA by 5.9% in the 2nd quarter. ProVise Management Group LLC now owns 14,881 shares of the computer hardware maker's stock worth $2,978,000 after acquiring an additional 834 shares during the last quarter. PCG Wealth Advisors LLC boosted its stake in shares of NVIDIA by 1.2% during the 2nd quarter. PCG Wealth Advisors LLC now owns 26,260 shares of the computer hardware maker's stock worth $5,254,000 after purchasing an additional 324 shares during the period. Finally, First National Bank of Hutchinson grew its holdings in NVIDIA by 1.2% during the 2nd quarter. First National Bank of Hutchinson now owns 51,277 shares of the computer hardware maker's stock valued at $10,260,000 after purchasing an additional 620 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. China Renaissance raised their price target on NVIDIA from $319.00 to $330.00 and gave the stock a "buy" rating in a research note on Monday, August 31st. Needham & Company LLC restated a "buy" rating and issued a $300.00 price objective on shares of NVIDIA in a report on Friday, September 4th. Benchmark reiterated a "buy" rating and set a $335.00 target price on shares of NVIDIA in a report on Thursday, August 27th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Tuesday, June 2nd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $390.00 price target on shares of NVIDIA in a research report on Friday, September 4th. Three analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, NVIDIA has a consensus rating of "Buy" and a consensus price target of $324.34.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 622,239 shares of the firm'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 transaction, the director owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Timothy S. Teter sold 30,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $217.88, for a total transaction of $6,536,400.00. Following the completion of the sale, the executive vice president owned 2,687,660 shares of the company's stock, valued at approximately $585,587,360.80. The trade was a 1.10% 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. Insiders have sold a total of 1,735,658 shares of company stock valued at $392,663,865 in the last ninety days. 3.94% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

Shares of NVDA stock opened at $222.27 on Monday. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $236.54. The stock's 50-day simple moving average is $214.66 and its 200-day simple moving average is $204.44. 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 firm has a market capitalization of $5.36 trillion, a PE ratio of 28.10, a P/E/G ratio of 1.72 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business's revenue for the quarter was up 105.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. Equities analysts expect that NVIDIA Corporation will post 9.25 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.4%. NVIDIA's dividend payout ratio is 12.64%.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: CEO Jensen Huang said NVIDIA expects to sell roughly twice as many chips next year, reinforcing expectations that hyperscaler spending on AI data centers remains strong. The forecast includes demand for GPUs, CPUs, networking equipment and complete server racks. Nvidia Chip Sales Could Double Next Year, CEO Jensen Huang Says
• Positive Sentiment: Analysts and market commentators increasingly view NVIDIA as attractively valued relative to its growth. Its scale, diversified AI exposure, high profitability and lower forward valuation multiple give it an advantage over peers such as Credo, while some estimates suggest revenue growth could remain near 70% in fiscal 2028. Credo vs. NVIDIA After Earnings
• Positive Sentiment: AI infrastructure demand is expanding beyond processors into high-bandwidth memory and optical networking. NVIDIA has identified memory and silicon photonics as potential bottlenecks and has committed capital and purchase agreements involving suppliers such as Coherent and Lumentum, signaling sustained demand throughout its supply chain.
• Positive Sentiment: New ecosystem activity supports NVIDIA’s long-term growth narrative. Cloud partner CoreWeave is deploying next-generation Vera Rubin clusters, while NVIDIA-backed Nscale filed for a U.S. IPO. NVIDIA technology is also being used in autonomous trading systems, quantum-computing research and planned enterprise augmented-reality products.
• Neutral Sentiment: Speculative initiatives, including potential orbital data centers with SpaceX and NVIDIA’s quantum-computing software, could create future demand but are unlikely to materially affect near-term revenue.
• Negative Sentiment: Investors remain alert to competition from Huawei’s planned 2027 Ascend chips, possible AI-spending deceleration, rising memory costs that could pressure gross margins, and the effects of higher interest rates. The stock’s elevated valuation and dependence on continued hyperscaler capital expenditure also leave it sensitive to disappointing guidance.

NVIDIA Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

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