NVIDIA Corporation $NVDA Stock Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 265,542 shares of the computer hardware maker’s stock after selling 16,698 shares during the quarter. NVIDIA accounts for about 5.7% of KMG Fiduciary Partners LLC’s holdings, making the stock its 2nd largest position. KMG Fiduciary Partners LLC’s holdings in NVIDIA were worth $60,645,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. State Street Corp lifted its position in shares of NVIDIA by 1.6% during the 2nd quarter. State Street Corp now owns 1,009,783,437 shares of the computer hardware maker’s stock valued at $202,047,568,000 after buying an additional 15,897,836 shares in the last quarter. Bank of America Corp DE increased its holdings in NVIDIA by 2.2% in the 2nd quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker’s stock worth $39,090,956,000 after acquiring an additional 4,165,875 shares in the last quarter. Amundi increased its holdings in NVIDIA by 10.4% in the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock worth $23,329,141,000 after acquiring an additional 12,575,177 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in NVIDIA by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker’s stock worth $16,479,126,000 after acquiring an additional 555,221 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in NVIDIA by 2.3% in the 2nd quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker’s stock worth $18,399,108,000 after acquiring an additional 2,045,101 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. HSBC raised their target price on shares of NVIDIA from $360.00 to $365.00 in a research note on Thursday, August 27th. Benchmark reaffirmed a “buy” rating and set a $335.00 price objective on shares of NVIDIA in a report on Thursday, August 27th. TD Cowen restated a “buy” rating on shares of NVIDIA in a research report on Tuesday, August 18th. Evercore set a $465.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Finally, Raymond James Financial set a $515.00 price target on shares of NVIDIA and gave the company a “strong-buy” rating in a report on Thursday, August 27th. Five research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $318.85.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Box expanded its partnership with NVIDIA, integrating NVIDIA’s Nemotron technology into new AI search and workflow tools—an example of continued enterprise demand for the company’s AI platform. Box expands Nvidia partnership
• Positive Sentiment: Ark Invest reportedly bought NVIDIA shares while selling AMD, and some commentators argue NVIDIA’s valuation looks more attractive after the recent retreat. These are supportive sentiment signals, not evidence that the broader concerns have eased. Cathie Wood buys Nvidia
• Neutral Sentiment: NVIDIA’s next major catalyst is its scheduled November 17 quarterly report. With investors focused on whether growth can exceed already-high expectations, the results and guidance may help determine the stock’s near-term direction. Nvidia investors need to watch Nov. 17
• Negative Sentiment: Election-related uncertainty is raising fears that data-center construction could slow or become more expensive. UBS estimates that delays could affect a substantial share of U.S. capacity planned for 2028 if construction pauses spread, threatening a key source of future chip demand. AI selloff and data-center concerns
• Negative Sentiment: Investors are also reassessing AI valuations and the scale and financing of infrastructure spending. The weakness has spread across chipmakers, and NVIDIA’s move below a widely watched technical support level may add to selling pressure. AI spending fears and financing risks
• Negative Sentiment: China-related headlines add geopolitical and compliance uncertainty: Chinese AI firm Moonshot has explored accessing Blackwell chips through European data centers, while House Republican leaders requested a closed-door briefing with CEO Jensen Huang following a report about an executive’s alleged links to Chinese intelligence. Moonshot seeks Nvidia chip access in Europe

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $181.60 on Friday. The firm’s 50 day simple moving average is $220.63 and its 200-day simple moving average is $204.48. The firm has a market cap of $4.38 trillion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.54 and a beta of 2.21. NVIDIA Corporation has a one year low of $164.27 and a one year high of $243.37. 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 (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share 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 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 company posted $1.05 EPS. NVIDIA’s revenue was up 105.9% on a year-over-year basis. As a group, equities analysts predict that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. NVIDIA’s dividend payout ratio (DPR) is currently 12.64%.

NVIDIA declared that its Board of Directors has initiated a stock buyback plan on Monday, September 28th that allows the company to buy back $150 billion in shares. This buyback authorization allows the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Share buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction dated 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. The trade was a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 dated 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,766,118 shares of company stock worth $399,450,353 over the last three months. 3.94% of the stock is owned by corporate insiders.

About NVIDIA

NVIDIA Corporation (NASDAQ: NVDA) is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company’s products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.