Turn8 Private Wealth Inc. Reduces Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Turn8 Private Wealth cut its NVIDIA stake by 9.8% in the second quarter, selling 2,892 shares and retaining 26,597 shares worth approximately $5.33 million. NVIDIA remains about 3.6% of the fund’s portfolio and its seventh-largest holding.
• Institutional ownership remains substantial at 65.27%, with several investors increasing their positions, including Altshuler Shaham and Boyd Wealth Management.
• Analysts maintain a broadly bullish outlook, with an average “Buy” rating and a $324.34 price target, while recent earnings exceeded expectations. However, insider selling and risks including competition, potential AI-spending slowdowns, rising memory costs and valuation remain concerns.

Turn8 Private Wealth Inc. lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,597 shares of the computer hardware maker's stock after selling 2,892 shares during the period. NVIDIA makes up approximately 3.6% of Turn8 Private Wealth Inc.'s portfolio, making the stock its 7th biggest holding. Turn8 Private Wealth Inc.'s holdings in NVIDIA were worth $5,331,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Boyd Wealth Management LLC increased its holdings in NVIDIA by 273.4% during the second quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker's stock worth $1,830,000 after buying an additional 6,696 shares during the last quarter. Altshuler Shaham Ltd boosted its stake in NVIDIA by 6,451.9% in the first quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker's stock valued at $111,134,000 after acquiring an additional 627,510 shares during the last quarter. ASR Vermogensbeheer N.V. grew its position in shares of NVIDIA by 1.8% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker's stock valued at $591,086,000 after acquiring an additional 54,877 shares during the period. Storen Legacy Partners LLC bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $1,350,000. Finally, Baker Tilly Wealth Management LLC increased its stake in shares of NVIDIA by 7.4% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker's stock worth $14,386,000 after purchasing an additional 4,958 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

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.

Insider Activity at NVIDIA

In related news, EVP Timothy Teter sold 30,000 shares of the company's stock in a transaction that occurred on Monday, August 31st. The shares were 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 approximately $585,587,360.80. This represents a 1.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,735,658 shares of company stock valued at $392,663,865. Corporate insiders own 3.94% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Mizuho set a $315.00 price target on shares of NVIDIA and gave the stock an "outperform" rating in a report on Thursday, August 27th. Raymond James Financial set a $515.00 target price on NVIDIA and gave the stock a "strong-buy" rating in a research report on Thursday, August 27th. KeyCorp restated an "overweight" rating and issued a $330.00 target price on shares of NVIDIA in a research note on Monday, August 24th. Truist Financial upped their price target on NVIDIA from $307.00 to $346.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. Finally, Stifel Nicolaus set a $315.00 price target on NVIDIA in a research note on Thursday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $324.34.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $222.27 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $236.54. The firm has a market cap of $5.36 trillion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.72 and a beta of 2.22. The business's fifty day moving average is $214.66 and its 200 day moving average is $204.29.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The firm's revenue was up 105.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. Research analysts predict that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA Dividend Announcement

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

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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