NVIDIA Corporation $NVDA is Legacy Wealth Management LLC MS’s Largest Position

Legacy Wealth Management LLC MS cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.9% in the second quarter, Holdings Channel.com reports. The fund owned 359,695 shares of the computer hardware maker’s stock after selling 6,894 shares during the period. NVIDIA makes up approximately 18.5% of Legacy Wealth Management LLC MS’s investment portfolio, making the stock its biggest position. Legacy Wealth Management LLC MS’s holdings in NVIDIA were worth $71,971,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Diversified Enterprises LLC boosted its holdings in NVIDIA by 44.2% in the fourth quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker’s stock valued at $23,798,000 after purchasing an additional 39,129 shares during the period. Altshuler Shaham Ltd increased its holdings in NVIDIA by 6,451.9% during the 1st quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker’s stock worth $111,134,000 after purchasing an additional 627,510 shares during the period. ASR Vermogensbeheer N.V. raised its position in NVIDIA by 1.8% in 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 purchasing an additional 54,877 shares in the last quarter. Storen Legacy Partners LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at about $1,350,000. Finally, Weaver Capital Management LLC boosted its stake in shares of NVIDIA by 5.5% in the 4th quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker’s stock valued at $15,893,000 after buying an additional 4,439 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Bank of America argued that NVIDIA’s shares offer a compelling valuation relative to free cash flow and could have as much as 55% upside, partly because expanded buybacks may improve shareholder returns. Here’s the case for Nvidia’s stock to climb 55% from here, according to BofA
• Positive Sentiment: NVIDIA’s agreement to support financing for OpenAI’s Ohio data center could help secure up to 8 gigawatts of future AI-compute capacity. The company is also investing $1.5 billion in SB Energy and is expected to be the campus’s exclusive AI-compute provider, potentially expanding long-term demand for its systems. Nvidia backs financing for OpenAI data center in Ohio
• Positive Sentiment: Analysts and investors continue to describe NVIDIA as a central “chokepoint” in AI infrastructure. Wall Street’s average price target implies substantial potential upside, while demand for GPUs remains strong even as custom AI chips gain traction. Wall Street Analysts Think Nvidia Could Surge
• Neutral Sentiment: Investors are focused on NVIDIA’s upcoming earnings and, more importantly, its forward guidance. Strong data-center growth, Blackwell demand, gross margins near 75%, and commentary on next-generation Rubin products will determine whether estimates move higher. Nvidia’s Q2 Preview
• Negative Sentiment: The Ohio project and NVIDIA’s broader plan to help arrange as much as $500 billion in AI infrastructure financing are raising concerns about circular financing, credit exposure, and whether customers can support the resulting spending. Higher Treasury yields further pressured high-growth technology valuations. Nvidia’s AI moat is shifting from chips to capital
• Negative Sentiment: Some investors favor Micron because of surging high-bandwidth-memory demand and a lower valuation, while comparisons with AMD and Broadcom highlight intensifying competition from custom AI silicon. NVIDIA’s large Intel investment and divided hedge-fund positioning also add to uncertainty. NVIDIA vs. Micron

Insider Activity at NVIDIA

In related news, Director Stephen C. Neal sold 15,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the transaction, the director owned 116,135 shares in the company, valued at $25,053,803.55. This trade represents a 11.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the transaction, the director directly owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,901,125 shares of company stock valued at $410,583,015 in the last three months. 3.94% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $219.74 on Wednesday. NVIDIA Corporation has a 12 month low of $164.07 and a 12 month high of $236.54. The firm has a market capitalization of $5.32 trillion, a P/E ratio of 33.65, a P/E/G ratio of 0.44 and a beta of 2.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The company’s fifty day moving average price is $206.70 and its 200 day moving average price is $199.05.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company had revenue of $81.61 billion for the quarter, compared to analyst estimates of $78.42 billion. During the same quarter last year, the company posted $0.81 earnings per share. The business’s quarterly revenue was up 85.2% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

NVIDIA declared that its board has approved a share repurchase plan on Wednesday, May 20th that allows the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

NVDA has been the topic of a number of recent research reports. Wells Fargo & Company restated an “overweight” rating and set a $315.00 target price on shares of NVIDIA in a research note on Tuesday, August 11th. Craig Hallum boosted their price target on shares of NVIDIA from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Barclays reissued an “overweight” rating on shares of NVIDIA in a research report on Thursday, May 21st. Morgan Stanley restated an “overweight” rating on shares of NVIDIA in a report on Tuesday, August 11th. Finally, Bank of America reaffirmed a “buy” rating and set a $350.00 price objective (up from $320.00) on shares of NVIDIA in a research report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Buy” and an average price target of $305.94.

NVIDIA Company Profile

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.