Sacks & Associates LLC Buys New Shares in NVIDIA Corporation $NVDA

Key Points

• Sacks & Associates LLC initiated a position in NVIDIA, buying 15,675 shares worth approximately $3.15 million. NVIDIA now represents about 2.1% of the firm’s portfolio, while institutional investors collectively own 65.27% of the company.
• NVIDIA reported quarterly revenue of $96.22 billion, up 105.9% year over year, and earnings of $2.22 per share, beating analyst expectations. Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $324.34.
• Strong AI infrastructure demand and the Vera Rubin product rollout support the growth outlook, but investors face risks from higher memory costs, elevated interest rates, export restrictions affecting China, and substantial insider selling.

Sacks & Associates LLC bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,675 shares of the computer hardware maker's stock, valued at approximately $3,147,000. NVIDIA makes up about 2.1% of Sacks & Associates LLC's investment portfolio, making the stock its 12th biggest position.

Other large investors also recently bought and sold shares of the company. LightSquare Wealth Management LLC raised its position in NVIDIA by 0.3% during the second quarter. LightSquare Wealth Management LLC now owns 18,695 shares of the computer hardware maker's stock worth $3,741,000 after acquiring an additional 49 shares during the last quarter. Defender Capital LLC. increased its stake in shares of NVIDIA by 0.7% during the 2nd quarter. Defender Capital LLC. now owns 7,534 shares of the computer hardware maker's stock worth $1,507,000 after purchasing an additional 50 shares in the last quarter. Kooman & Associates raised its position in shares of NVIDIA by 0.6% during the 2nd quarter. Kooman & Associates now owns 8,464 shares of the computer hardware maker's stock worth $1,694,000 after purchasing an additional 50 shares during the last quarter. Roof Eidam Maycock Peralta LLC lifted its stake in NVIDIA by 0.3% in the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 18,827 shares of the computer hardware maker's stock valued at $3,767,000 after buying an additional 50 shares in the last quarter. Finally, Persium Advisors LLC lifted its stake in NVIDIA by 3.5% in the 2nd quarter. Persium Advisors LLC now owns 1,466 shares of the computer hardware maker's stock valued at $293,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Demand for NVIDIA’s AI infrastructure remains strong. Management’s outlook implies roughly 70% revenue growth in fiscal 2028, while analysts and commentary continue to highlight the Vera Rubin product ramp, expanding data-center investment and potential supply constraints as catalysts. NVIDIA demand growth article
• Positive Sentiment: Super Micro Computer began shipping NVIDIA Vera Rubin NVL72 liquid-cooled server racks, providing evidence that NVIDIA’s latest systems are moving into customer deployments and supporting continued hyperscaler capital spending. Super Micro Vera Rubin shipment article
• Positive Sentiment: NVIDIA received a Zacks upgrade to Strong Buy. Other bullish analyses point to its broad AI hardware, networking and software portfolio, while IonQ’s planned quantum-computing deployment at an NVIDIA research center expands the company’s longer-term technology ecosystem. Zacks NVIDIA analysis
• Neutral Sentiment: Potential progress in Trump-Xi discussions could improve NVIDIA’s access to China, where the company’s latest revenue forecast assumes no data-center compute sales. However, export controls and the November tariff-truce deadline leave the opportunity highly uncertain. NVIDIA China sales outlook
• Negative Sentiment: Higher Treasury yields and renewed expectations for a possible October rate increase pressured high-growth technology stocks, making NVIDIA’s elevated valuation more vulnerable to multiple compression.
• Negative Sentiment: Insider-selling reports added to investor caution. EVP Timothy Teter sold approximately $6.8 million of shares under a pre-arranged Rule 10b5-1 plan, while separate coverage described a much larger sale by a senior director without a disclosed prearranged plan. The sales do not establish a fundamental problem but can weigh on sentiment. NVIDIA insider transaction
• Negative Sentiment: Management expects higher memory costs to pressure gross margins, highlighting a shift in AI bottleneck power toward memory and optical-networking suppliers. NVIDIA CEO Jensen Huang also said AI companies should not receive antitrust or liability exemptions, a stance that may increase compliance burdens across the industry. Reuters AI regulation article

Analyst Ratings Changes

Several equities analysts have weighed in on NVDA shares. Rosenblatt Securities reissued a "buy" rating and set a $390.00 price target on shares of NVIDIA in a research report on Friday, September 4th. Wedbush increased their price objective on NVIDIA from $330.00 to $345.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Evercore set a $465.00 price target on shares of NVIDIA and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Jefferies Financial Group reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, August 26th. Finally, Morgan Stanley set a $300.00 target price on shares of NVIDIA and gave the stock an "overweight" rating 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $324.34.

NVIDIA Price Performance

Shares of NVDA stock opened at $225.51 on Thursday. The firm has a fifty day simple moving average of $215.73 and a 200-day simple moving average of $205.39. The company has a market capitalization of $5.43 trillion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 1.77 and a beta of 2.22. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $236.54. 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 (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.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 company posted $1.05 EPS. NVIDIA's quarterly revenue was up 105.9% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Corporation will post 9.25 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's dividend payout ratio is currently 12.64%.

Insider Buying and Selling

In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction that occurred 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 $598,810,648. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark 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 transaction, the director owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,766,118 shares of company stock worth $399,450,353 over the last quarter. 3.94% of the stock is owned by company insiders.

About NVIDIA

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.