Trillium Asset Management LLC Sells 266,278 Shares of NVIDIA Corporation $NVDA

Key Points

• Trillium Asset Management reduced its NVIDIA stake by 18.3%, selling 266,278 shares in the second quarter but retaining 1.19 million shares worth approximately $238.6 million. NVIDIA remains Trillium’s largest holding and represents about 7.3% of its portfolio.
• NVIDIA reported quarterly revenue of $96.22 billion and EPS of $2.22, exceeding analyst estimates, while revenue more than doubled year over year. Analysts maintain a consensus “Buy” rating with an average price target of $320.71.
• The company authorized a $150 billion stock-repurchase program, but investors continue to monitor risks including valuation sensitivity, export controls, AI infrastructure financing concerns and rising competition from internally developed chips.

Trillium Asset Management LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,192,453 shares of the computer hardware maker's stock after selling 266,278 shares during the period. NVIDIA makes up approximately 7.3% of Trillium Asset Management LLC's holdings, making the stock its largest holding. Trillium Asset Management LLC's holdings in NVIDIA were worth $238,598,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Lifetime Wealth Management P.C. purchased a new position in NVIDIA during the 4th quarter valued at about $26,000. Longview Financial Advisors Inc. acquired a new position in shares of NVIDIA in the first quarter valued at approximately $27,000. Langley Wealth Management LLC acquired a new position in shares of NVIDIA in the second quarter valued at approximately $34,000. Phillip James Consulting Co. purchased a new position in shares of NVIDIA during the first quarter valued at approximately $40,000. Finally, Frankly Finances LLC purchased a new position in shares of NVIDIA during the second quarter valued at approximately $60,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Morgan Stanley named NVIDIA its top semiconductor pick, maintaining an Overweight rating and setting a $300 price target. The firm believes NVIDIA’s software ecosystem, scale and positioning across AI infrastructure trends give it a durable competitive moat. Morgan Stanley names NVIDIA a top pick
• Positive Sentiment: NVIDIA’s recently announced $150 billion buyback authorization lifts total remaining repurchase capacity to approximately $235 billion. Investors view the plan as a sign of management confidence and a potential source of per-share earnings support. NVIDIA buyback analysis
• Positive Sentiment: Analysts continue to raise expectations for hyperscaler spending, with Barclays estimating NVIDIA could generate $401 billion in hyperscaler revenue in 2027. CoreWeave’s launch of the Vera Rubin platform and additional enterprise customers also supports demand for NVIDIA’s next-generation systems. Barclays hyperscaler revenue estimate
• Neutral Sentiment: The broader semiconductor and technology complex is attracting buying interest as AI investment remains a major market leadership theme. However, NVIDIA’s valuation and substantial market concentration leave the stock sensitive to interest rates, economic data and shifts in institutional positioning.
• Negative Sentiment: Investors are monitoring reports that Amazon may move roughly $8 billion of NVIDIA chips off its balance sheet through leasing or financing structures. While this could improve customer flexibility, it adds scrutiny around AI infrastructure financing and so-called circular transactions. Amazon NVIDIA chip balance-sheet report
• Negative Sentiment: Export-control concerns remain a headline risk after prosecutors alleged a California man helped smuggle approximately $300 million of NVIDIA chips to China. Separately, Michael Burry warned that GPU depreciation could undermine the economics of the AI infrastructure boom, while Alphabet’s growing use of internally designed chips represents a longer-term competitive threat. NVIDIA chip smuggling prosecution

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Raymond James Financial set a $515.00 price objective on NVIDIA and gave the company a "strong-buy" rating in a research report on Thursday, August 27th. Wells Fargo & Company set a $210.00 target price on shares of NVIDIA in a research note on Friday. Citigroup reiterated a "buy" rating and set a $315.00 target price (up from $300.00) on shares of NVIDIA in a report on Thursday, August 27th. Wedbush boosted their target price on shares of NVIDIA from $330.00 to $345.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Finally, China Renaissance upped their target price on shares of NVIDIA from $319.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, August 31st. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $320.71.

NVIDIA Price Performance

Shares of NVDA opened at $233.95 on Monday. The firm has a market cap of $5.64 trillion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.81 and a beta of 2.22. NVIDIA Corporation has a 52 week low of $164.27 and a 52 week high of $237.88. The stock has a 50 day moving average of $218.74 and a 200-day moving average of $207.65. 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 posted its quarterly earnings results 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. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. During the same period in the previous year, the business posted $1.05 EPS. The company's quarterly revenue was up 105.9% on a year-over-year basis. As a group, analysts forecast that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were 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 was Thursday, September 10th. NVIDIA's payout ratio is 12.64%.

NVIDIA declared that its board has authorized a stock repurchase program on Monday, September 28th that permits the company to repurchase $150.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 34,918 shares of the company's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value 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 $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy Teter sold 30,460 shares of the company's stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the completion of the sale, the executive vice president owned 2,687,660 shares of the company's stock, valued at approximately $598,810,648. This trade represents a 1.12% 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 sold 1,766,118 shares of company stock worth $399,450,353 over the last ninety days. Company insiders own 3.94% of the company's stock.

NVIDIA Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company's products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

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