NVIDIA Corporation $NVDA is Smith Salley Wealth Management’s Largest Position

Smith Salley Wealth Management raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 808,419 shares of the computer hardware maker’s stock after purchasing an additional 10,399 shares during the quarter. NVIDIA makes up approximately 7.8% of Smith Salley Wealth Management’s holdings, making the stock its biggest position. Smith Salley Wealth Management’s holdings in NVIDIA were worth $150,835,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its stake in NVIDIA by 1.0% in the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock valued at $154,556,803,000 after acquiring an additional 9,554,857 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of NVIDIA by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock valued at $91,150,170,000 after purchasing an additional 8,521,936 shares during the last quarter. Kingstone Capital Partners Texas LLC boosted its holdings in NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. Norges Bank bought a new stake in NVIDIA in the second quarter worth $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock worth $22,412,434,000 after buying an additional 5,896,735 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $181.73, for a total value of $63,605,500.00. Following the completion of the transaction, the director owned 7,049,803 shares of the company’s stock, valued at $1,281,160,699.19. This represents a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $177.33, for a total value of $44,332,500.00. Following the completion of the sale, the director owned 6,933,280 shares of the company’s stock, valued at $1,229,478,542.40. This represents a 3.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,911,474 shares of company stock valued at $349,592,242. Corporate insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NVDA. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research note on Tuesday. Wells Fargo & Company reaffirmed an “overweight” rating on shares of NVIDIA in a research report on Monday, December 29th. KeyCorp increased their price target on NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. CICC Research lifted their price target on shares of NVIDIA from $200.00 to $228.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Finally, Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Five analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $262.84.

NVIDIA Stock Down 0.1%

NVDA opened at $184.86 on Friday. The business has a 50 day moving average of $185.22 and a 200-day moving average of $179.75. The stock has a market capitalization of $4.49 trillion, a price-to-earnings ratio of 45.87, a P/E/G ratio of 0.90 and a beta of 2.31. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 EPS. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Thursday, December 4th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 0.99%.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: CES / Rubin product momentum — Investors cheered NVIDIA’s CES reveals (Rubin rack-scale architecture, Vera Rubin lineup and new inference-focused products) because they accelerate enterprise adoption and create higher-margin, platform-level lock‑in that supports longer-term revenue growth. Nvidia Pulls The Timeline Forward: Why Rubin Changes The AI Game
• Positive Sentiment: Potential China sales re-opening — Multiple reports say Beijing may allow limited H200 imports for commercial use; that market could be a multi‑billion dollar tailwind if approvals continue. China to allow limited imports of Nvidia’s H200 chips
• Positive Sentiment: Large customer interest and partner wins — Reports of potential mega orders (Alibaba) and partner deployments (Archer, Super Micro, Eleveight AI, Nebius using Blackwell/ Rubin) signal strong enterprise demand and ecosystem monetization opportunities. Alibaba Steps Up AI Race With Potential Nvidia Mega Order
• Positive Sentiment: Bullish analyst/street coverage — Citi, Evercore and others have reiterated Buy/Outperform ratings and raised price targets after CES and product updates, which supports institutional demand and higher targets. Citi Maintains a Buy on NVIDIA
• Neutral Sentiment: Corporate moves — NVIDIA named its first CMO (Google veteran Alison Wagonfeld). Useful for branding and go‑to‑market as the company expands into “physical AI,” but not an immediate revenue driver. Nvidia Hires Google Veteran as Its First Chief Marketing Officer
• Neutral Sentiment: Sector/market chatter — Coverage highlights NVDA as a core AI play vs. peers (Broadcom, AMD) and notes potential upside from robotaxi and physical AI initiatives; helpful context but mixed timing. Nvidia Vs Broadcom: Which AI Stock To Bet On?
• Negative Sentiment: China execution risk — Reuters and other outlets report NVIDIA is requiring full upfront payments for H200 orders in China as approvals remain uncertain; that reflects demand uncertainty and could suppress near‑term revenue recognition from a large market. Exclusive: Nvidia requires full upfront payment for H200 chips in China
• Negative Sentiment: Short‑term sentiment volatility — Mixed signals on China approvals and recent intra‑day selling after the CES run prompted some profit‑taking; this increases near‑term volatility despite strong long-term fundamentals. Nvidia stock down around 2% as China uncertainty continues to dampen sentiment

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.