Smith Group Asset Management LLC Has $14.42 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Smith Group Asset Management increased its NVIDIA stake by 14.2% in the second quarter, purchasing 8,954 additional shares for a total of 72,078 shares valued at $14.42 million. Institutional investors collectively own 65.27% of NVDA.
• NVIDIA reported quarterly revenue of $96.22 billion, up 105.9% year over year, and earnings of $2.22 per share, exceeding analyst estimates. Analysts maintain a consensus “Buy” rating with an average price target of $324.34.
• NVIDIA insiders have sold 1.74 million shares worth approximately $392.7 million over the past 90 days, including major sales by director Mark A. Stevens and CFO Colette Kress.

Smith Group Asset Management LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,078 shares of the computer hardware maker's stock after purchasing an additional 8,954 shares during the period. Smith Group Asset Management LLC's holdings in NVIDIA were worth $14,422,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NVDA. Essential Planning LLC. lifted its position in shares of NVIDIA by 3.8% in the second quarter. Essential Planning LLC. now owns 1,889 shares of the computer hardware maker's stock worth $378,000 after buying an additional 70 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of NVIDIA by 3.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 1,252,314 shares of the computer hardware maker's stock worth $250,576,000 after acquiring an additional 40,109 shares in the last quarter. Lummis Asset Management LP increased its holdings in shares of NVIDIA by 16.1% during the 2nd quarter. Lummis Asset Management LP now owns 497 shares of the computer hardware maker's stock valued at $99,000 after acquiring an additional 69 shares during the last quarter. Wallace Advisory Group LLC increased its holdings in shares of NVIDIA by 17.3% during the 2nd quarter. Wallace Advisory Group LLC now owns 11,546 shares of the computer hardware maker's stock valued at $2,310,000 after acquiring an additional 1,704 shares during the last quarter. Finally, Hardworking Capital Advisors LLC raised its stake in shares of NVIDIA by 1.8% in the 2nd quarter. Hardworking Capital Advisors LLC now owns 5,703 shares of the computer hardware maker's stock valued at $1,141,000 after acquiring an additional 100 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 622,239 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of the transaction, the director directly owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 34,918 shares of the company's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the sale, the chief financial officer directly owned 765,103 shares in the company, valued at approximately $167,595,812.15. The trade was a 4.36% 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. Insiders have sold 1,735,658 shares of company stock worth $392,663,865 over the last 90 days. Corporate insiders own 3.94% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NVDA. Sanford C. Bernstein reiterated an "outperform" rating and set a $400.00 price target (up from $315.00) on shares of NVIDIA in a report on Thursday, August 27th. Melius Research set a $420.00 price objective on shares of NVIDIA in a report on Thursday, August 27th. Jefferies Financial Group reiterated a "buy" rating on shares of NVIDIA in a research note on Wednesday, August 26th. HSBC boosted their target price on shares of NVIDIA from $360.00 to $365.00 in a research report on Thursday, August 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of NVIDIA from $280.00 to $320.00 and gave the company an "overweight" rating in a report on Thursday, August 27th. Three investment 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. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $324.34.

Trending Headlines about 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 Trading Up 1.3%

Shares of NVDA opened at $222.27 on Friday. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month 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 has a market capitalization of $5.36 trillion, a price-to-earnings ratio of 28.10, a P/E/G ratio of 1.72 and a beta of 2.22. The stock's 50-day moving average price is $214.66 and its 200 day moving average price is $204.29.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $92.27 billion. During the same quarter last year, the company earned $1.05 EPS. The company's quarterly revenue was up 105.9% on a year-over-year basis. As a group, research analysts predict that NVIDIA Corporation will post 9.25 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is 12.64%.

NVIDIA Company 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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