NVIDIA Corporation $NVDA Stock Sold by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,364,637 shares of the computer hardware maker’s stock after selling 8,546 shares during the quarter. NVIDIA comprises 7.6% of Salem Investment Counselors Inc.’s holdings, making the stock its biggest position. Salem Investment Counselors Inc.’s holdings in NVIDIA were worth $311,923,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signal Advisors Wealth LLC boosted its holdings in NVIDIA by 205.2% during the third quarter. Signal Advisors Wealth LLC now owns 262,533 shares of the computer hardware maker’s stock valued at $59,957,000 after acquiring an additional 512,025 shares during the period. Copeland Capital Management LLC increased its stake in shares of NVIDIA by 6.0% in the third quarter. Copeland Capital Management LLC now owns 133,027 shares of the computer hardware maker’s stock worth $30,381,000 after purchasing an additional 7,519 shares during the period. BigSur Wealth Management LLC increased its stake in shares of NVIDIA by 3.4% in the third quarter. BigSur Wealth Management LLC now owns 82,231 shares of the computer hardware maker’s stock worth $18,800,000 after purchasing an additional 2,700 shares during the period. Foster Group Inc. lifted its position in shares of NVIDIA by 6.2% during the 3rd quarter. Foster Group Inc. now owns 47,819 shares of the computer hardware maker’s stock worth $10,921,000 after purchasing an additional 2,787 shares during the last quarter. Finally, Ulrich Consultants & Investment Group LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth about $272,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark Stevens sold 622,239 shares of NVIDIA 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 sale, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 34,918 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the sale, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NVDA shares. Truist Financial increased their target price on NVIDIA from $307.00 to $346.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Phillip Securities lifted their price target on NVIDIA from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. KGI Securities upped their price target on NVIDIA from $335.00 to $345.00 in a report on Thursday, August 27th. Morgan Stanley set a $230.00 price objective on NVIDIA in a research report on Friday, October 2nd. Finally, Daiwa Securities Group reduced their price objective on NVIDIA from $255.00 to $245.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. Five investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $318.85.

NVIDIA Stock Down 9.3%

NASDAQ NVDA opened at $181.60 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. The firm has a 50-day simple moving average of $220.63 and a 200 day simple moving average of $204.48. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $243.37. The stock has a market cap of $4.38 trillion, a PE ratio of 22.96, a PEG ratio of 1.54 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share 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 business had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same period last year, the business earned $1.05 earnings per share. The firm’s revenue for the quarter was up 105.9% compared to the same quarter last year. On average, research analysts forecast that NVIDIA Corporation will post 9.30 EPS for the current year.

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

NVIDIA Announces Dividend

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

More NVIDIA News

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 Profile

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.