SlateStone Wealth LLC Reduces Holdings in NVIDIA Corporation $NVDA

SlateStone Wealth LLC lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.7% in the 2nd quarter, HoldingsChannel.com reports. The fund 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 biggest holding. SlateStone Wealth LLC’s holdings in NVIDIA were worth $52,038,000 as of its most recent filing with the SEC.

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

Key Stories Impacting NVIDIA

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

Shares of NVIDIA stock opened at $230.36 on Monday. 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 company has a market cap of $5.55 trillion, a P/E ratio of 29.12, a PEG ratio of 1.81 and a beta of 2.22. The firm’s 50 day moving average price is $210.61 and its 200-day moving average price is $202.19. NVIDIA Corporation has a 52-week low of $164.07 and a 52-week high of $236.54.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion during the quarter, compared to analysts’ expectations 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 period last year, the business posted $1.05 earnings per share. On average, sell-side analysts predict that NVIDIA Corporation will post 9.1 EPS for the current fiscal year.

NVIDIA announced that its board has initiated a stock repurchase program on Wednesday, May 20th that permits the company to buyback $80.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

NVIDIA Dividend Announcement

The business also recently disclosed 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. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA’s payout ratio is 12.64%.

Insider Transactions at NVIDIA

In related news, EVP Timothy S. Teter sold 30,000 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $217.88, for a total value of $6,536,400.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at $585,587,360.80. The trade was a 1.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 63,501 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $220.06, for a total transaction of $13,974,030.06. Following the sale, the director directly owned 4,558,770 shares in the company, valued at $1,003,202,926.20. This trade represents a 1.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,563,501 shares of company stock worth $335,380,530 in the last 90 days. Company insiders own 3.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on NVDA shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $400.00 target price (up from $315.00) on shares of NVIDIA in a report on Thursday, August 27th. Barclays reaffirmed an “overweight” rating on shares of NVIDIA in a research report on Thursday, May 21st. China Renaissance increased their price objective 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. Rothschild & Co Redburn lifted their price objective on shares of NVIDIA from $300.00 to $325.00 in a report on Thursday, August 27th. Finally, KGI Securities upped their target price on NVIDIA from $335.00 to $345.00 in a report on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $324.83.

About NVIDIA

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.