Provenance Wealth Advisors LLC Has $18.56 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Provenance Wealth Advisors increased its NVIDIA stake by 2.6% to 92,759 shares, valued at $18.56 million at quarter-end. Institutional investors and hedge funds collectively own 65.27% of NVIDIA.
• NVIDIA reported quarterly revenue of $96.22 billion and EPS of $2.22, exceeding analyst expectations, while revenue surged 105.9% year over year. The company also authorized an $80 billion share-buyback program and maintains a largely positive analyst consensus with an average price target of $324.34.
• Key risks include insider selling and intensifying competition. Insiders sold approximately $385 million of stock over the past 90 days, while alternatives from AMD and other suppliers could pressure NVIDIA’s pricing and market share if AI infrastructure spending slows.

Provenance Wealth Advisors LLC increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,759 shares of the computer hardware maker's stock after acquiring an additional 2,380 shares during the quarter. NVIDIA comprises about 1.8% of Provenance Wealth Advisors LLC's investment portfolio, making the stock its 14th largest holding. Provenance Wealth Advisors LLC's holdings in NVIDIA were worth $18,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NVDA. Bank of America Corp DE increased its holdings in shares of NVIDIA by 2.1% during the first quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker's stock worth $33,345,453,000 after purchasing an additional 4,019,505 shares during the period. Invesco Ltd. boosted its stake in shares of 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 grew its position in NVIDIA by 13,709.1% during the fourth 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 NVIDIA by 10.4% during the first 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in NVIDIA by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker's stock worth $16,479,126,000 after acquiring an additional 555,221 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Management continues to defend AI spending. CEO Jensen Huang said the AI spending “flywheel” is accelerating and argued that companies, rather than new regulations, should manage AI safety. Meta CEO Mark Zuckerberg broadly supported that view, easing fears that safety concerns could trigger a development pause. NVIDIA CEO Says AI Spending Flywheel Is Really, Really Flying
• Positive Sentiment: Rubin demand is reinforcing the infrastructure story. CoreWeave brought a multi-rack NVIDIA Vera Rubin NVL72 cluster online, connecting hundreds of GPUs for large-scale training and inference. The deployment supports expectations for continued demand beyond Blackwell systems. CoreWeave Stock Gains as Nvidia Rubin Cluster Boosts AI Cloud Capacity
• Positive Sentiment: NVIDIA is expanding beyond GPUs. An energy alliance with Google and Emerald AI aims to make data centers flexible electricity customers, potentially reducing grid constraints that could otherwise limit AI capacity. NVIDIA is also supplying networking and software for Apple’s potential future AI servers. Nvidia and Google Launch Energy Alliance to Prevent AI Grid Overload
• Positive Sentiment: Quantum-computing research adds a longer-term catalyst. NVIDIA’s H200 GPU, CUDA-Q platform and cuQuantum software helped researchers reduce quantum-circuit compilation from minutes to roughly 28 seconds in larger tests, strengthening its position as an infrastructure provider for hybrid computing. IonQ and NVIDIA Just Cracked a Major Quantum Computing Bottleneck
• Neutral Sentiment: Strategic expansion could improve future monetization. Reports describe NVIDIA’s $12.9 billion acquisition of Hugging Face as a way to extend its ecosystem into AI software and models, although the deal may be expensive relative to current revenue and is unlikely to materially affect near-term results. Forget Nvidia’s Chips: Hugging Face Is the Real Reason to Own This Stock Now
• Negative Sentiment: Competition and customer bargaining power remain risks. OpenAI says it has more alternatives to NVIDIA, while AMD is pursuing large-scale chip deployments with major AI developers. Greater supplier choice could pressure NVIDIA’s pricing and market share over time. OpenAI’s CFO Just Explained Why Nvidia Is No Longer the Only Option
• Negative Sentiment: AI slowdown fears have not disappeared. Bearish investor Michael Burry continues to warn of a potential sharp decline in AI-linked stocks, while reports of insider selling and elevated valuation could encourage profit-taking if infrastructure spending moderates. Michael Burry Predicts a Possible 1987-Style Drop

Insiders Place Their Bets

In related news, EVP Timothy S. Teter sold 30,000 shares of the firm's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $217.88, for a total transaction of $6,536,400.00. Following the sale, the executive vice president owned 2,687,660 shares of the company's stock, valued at $585,587,360.80. This trade represents a 1.10% decrease in their position. The transaction was disclosed in a legal filing 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 business'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 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,700,740 shares of company stock worth $385,015,077. Insiders own 3.94% of the company's stock.

NVIDIA Stock Up 0.8%

Shares of NASDAQ NVDA opened at $213.90 on Thursday. The company has a market cap of $5.15 trillion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.66 and a beta of 2.22. 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 $236.54. The stock has a 50-day moving average price of $214.10 and a two-hundred day moving average price of $203.86.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm's revenue was up 105.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 EPS. As a group, analysts forecast that NVIDIA Corporation will post 9.12 earnings per share for the current fiscal year.

NVIDIA announced that its board has authorized a stock buyback program on Wednesday, May 20th that permits the company to buyback $80.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's payout ratio is presently 12.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wolfe Research reaffirmed an "outperform" rating and issued a $275.00 price objective on shares of NVIDIA in a report on Thursday, May 21st. Mizuho set a $315.00 price target on NVIDIA and gave the stock an "outperform" rating in a research report on Thursday, August 27th. BNP Paribas Exane boosted their price target on NVIDIA from $270.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. Seaport Research Partners upped their price objective on shares of NVIDIA from $140.00 to $180.00 and gave the stock a "sell" rating in a research report on Thursday, May 21st. Finally, Evercore set a $465.00 price objective on shares of NVIDIA and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $324.34.

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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