SlateStone Wealth LLC Has $52.04 Million Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• SlateStone Wealth reduced its NVIDIA stake by 1.7% in the second quarter, selling 4,529 shares and retaining 260,075 shares valued at approximately $52.04 million. NVIDIA represents about 4% of the firm’s portfolio and is its second-largest holding.
• NVIDIA reported stronger-than-expected quarterly results, with revenue up 105.9% year over year to $96.22 billion and EPS of $2.22. The company also authorized an $80 billion share-repurchase program and declared a $0.25 quarterly dividend.
• Analyst sentiment remains broadly positive, with 50 Buy and two Strong Buy ratings and a consensus price target of $324.83. However, insiders sold approximately $335.4 million of shares over the past three months, while competition and potential margin pressure remain risks.

SlateStone Wealth LLC decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 260,075 shares of the computer hardware maker's stock after selling 4,529 shares during the period. NVIDIA accounts for about 4.0% of SlateStone Wealth LLC's investment portfolio, making the stock its 2nd largest position. SlateStone Wealth LLC's holdings in NVIDIA were worth $52,038,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Lifetime Wealth Management P.C. purchased a new stake in NVIDIA in the 4th quarter worth $26,000. Longview Financial Advisors Inc. purchased a new position in shares of NVIDIA in the first quarter valued at about $27,000. Longfellow Investment Management Co. LLC boosted its stake in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after acquiring an additional 67 shares during the period. Phillip James Consulting Co. bought a new position in shares of NVIDIA in the first quarter worth about $40,000. Finally, Inspire Investing LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $44,000. 65.27% of the stock is currently owned by institutional investors.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 885,000 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the sale, the director owned 5,207,271 shares of the company's stock, valued at approximately $1,094,412,146.07. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy S. Teter sold 30,000 shares of the firm's stock in a transaction dated 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 completion of 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,563,501 shares of company stock worth $335,380,530. Corporate insiders own 3.94% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NVDA shares. Seaport Research Partners lifted their target price on NVIDIA from $140.00 to $180.00 and gave the company a "sell" rating in a research note on Thursday, May 21st. Itau BBA Securities cut their price objective on shares of NVIDIA from $256.00 to $218.00 in a report on Wednesday, June 24th. Raymond James Financial set a $515.00 price objective on shares of NVIDIA and gave the company a "strong-buy" rating in a research report on Thursday, August 27th. China Renaissance boosted their target price on shares of NVIDIA from $319.00 to $330.00 and gave the stock a "buy" rating in a report on Monday, August 31st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $390.00 target price on shares of NVIDIA in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $324.83.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Hugging Face expands NVIDIA’s AI ecosystem: The acquisition gives NVIDIA access to Hugging Face’s open-source platform, which hosts millions of models, applications and datasets used by more than 18 million developers. Investors view the deal as a way to deepen CUDA adoption, strengthen NVIDIA’s software moat and position the company as an AI platform provider rather than solely a chip supplier. Management says Hugging Face will remain open to the broader AI ecosystem. Why NVIDIA’s defensive move to acquire Hugging Face is about much more than chips
• Positive Sentiment: New consumer AI revenue channel: Lenovo and Acer are expected to launch Windows PCs powered by NVIDIA’s RTX Spark chip in October. Local AI processing could expand NVIDIA’s addressable market while reducing reliance on cloud data centers. HP also announced new OmniBook PCs using RTX Spark technology. NVIDIA sets October launch for RTX Spark AI PCs
• Positive Sentiment: Analyst support and demand remain strong: Needham and Rosenblatt reaffirmed Buy ratings with price targets of $300 and $390, respectively. Recent earnings showed revenue growth above 100%, a 63.7% net margin and results ahead of consensus, while management’s long-term outlook continues to imply robust AI infrastructure spending. NVIDIA’s equity investments in companies such as OpenAI, CoreWeave and Nebius have also grown substantially, reinforcing its influence across the AI supply chain. NVIDIA has built a $99 billion equity portfolio
• Neutral Sentiment: Competitive and valuation considerations: NVIDIA remains dominant, but AMD, Broadcom and Intel are pursuing AI and server opportunities. Rising memory and optical-networking costs could pressure gross margins even if they confirm that demand exceeds supply.
• Negative Sentiment: Insider selling adds a cautionary signal: Director Mark Stevens sold roughly 648,500 shares in two transactions, while EVP Timothy Teter sold 30,000 shares. The sales were disclosed under planned transactions and represent small portions of their remaining holdings, limiting their significance but potentially weighing on sentiment.

NVIDIA Price Performance

NVIDIA stock opened at $230.36 on Monday. NVIDIA Corporation has a 52-week low of $164.07 and a 52-week high of $236.54. 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 firm's fifty day moving average is $210.61 and its 200 day moving average is $202.19. The company has a market cap of $5.55 trillion, a price-to-earnings ratio of 29.12, a PEG ratio of 1.81 and a beta of 2.22.

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 the consensus estimate of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm had revenue of $96.22 billion for the quarter, compared to analysts' expectations of $92.27 billion. During the same period in the prior year, the company earned $1.05 EPS. The business's revenue was up 105.9% compared to the same quarter last year. Sell-side analysts forecast that NVIDIA Corporation will post 9.1 EPS for the current fiscal year.

NVIDIA announced that its board has authorized a stock repurchase program on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows the computer hardware maker to purchase 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 shares are undervalued.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued 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 payout ratio is 12.64%.

NVIDIA Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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