Portside Wealth Group LLC Increases Stock Holdings in NVIDIA Corporation $NVDA

Portside Wealth Group LLC raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,669 shares of the computer hardware maker’s stock after purchasing an additional 6,841 shares during the quarter. NVIDIA makes up approximately 3.2% of Portside Wealth Group LLC’s portfolio, making the stock its 5th largest holding. Portside Wealth Group LLC’s holdings in NVIDIA were worth $27,546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Southern Capital Advisors LLC raised its position in shares of NVIDIA by 1.3% in the second quarter. Southern Capital Advisors LLC now owns 6,618 shares of the computer hardware maker’s stock valued at $1,324,000 after purchasing an additional 85 shares during the period. Kings Path Partners LLC grew its stake in NVIDIA by 193.3% in the 2nd quarter. Kings Path Partners LLC now owns 1,173 shares of the computer hardware maker’s stock valued at $235,000 after buying an additional 773 shares in the last quarter. BAM Wealth Management LLC grew its stake in NVIDIA by 11.1% in the 2nd quarter. BAM Wealth Management LLC now owns 19,325 shares of the computer hardware maker’s stock valued at $3,867,000 after buying an additional 1,937 shares in the last quarter. Smith Thornton Advisors LLC raised its holdings in NVIDIA by 24.2% during the 2nd quarter. Smith Thornton Advisors LLC now owns 10,791 shares of the computer hardware maker’s stock valued at $2,196,000 after acquiring an additional 2,105 shares during the period. Finally, Cox Capital Mgt LLC lifted its position in shares of NVIDIA by 12.1% during the second quarter. Cox Capital Mgt LLC now owns 27,603 shares of the computer hardware maker’s stock worth $5,523,000 after acquiring an additional 2,982 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA reported record fiscal Q2 revenue of $96.2 billion, up 106% year over year, while adjusted earnings per share of $2.22 exceeded the $2.09 consensus estimate. Data Center revenue rose 117% to $89.0 billion, confirming continued hyperscaler and AI-infrastructure demand. NVIDIA reports earnings beat as revenue more than doubles
• Positive Sentiment: Management forecast fiscal Q3 revenue of approximately $108 billion, above Wall Street expectations, and said fiscal 2028 revenue is expected to grow about 70%. The Vera Rubin platform is ramping into full production, supporting the longer-term growth outlook. Nvidia forecasts quarterly revenue above estimates
• Positive Sentiment: NVIDIA expanded its partnership with Amazon Web Services to deliver up to 2 million additional GPUs and next-generation AI infrastructure. The company also announced financing partnerships with major investment firms intended to mobilize more than $500 billion for AI buildouts, potentially expanding its customer base. AWS and NVIDIA to deliver 2 million additional GPUs
• Neutral Sentiment: Profitability remains exceptionally strong, with a 75% Q2 gross margin, $59.7 billion in GAAP net income and approximately $26 billion returned through buybacks and dividends. However, operating expenses increased 55% year over year, and investors are monitoring whether spending and investments will rise faster than earnings. NVIDIA announces financial results for second quarter fiscal 2027
• Negative Sentiment: Fiscal Q3 gross-margin guidance of approximately 74% is below Q2’s 75%, giving investors a reason to take profits despite the revenue beat. The outlook also assumes no Data Center compute revenue from China, highlighting regulatory and market-access risks. Nvidia forecasts quarterly revenue above estimates
• Negative Sentiment: Investors remain concerned that custom chips from customers such as OpenAI and Microsoft could gradually reduce demand for NVIDIA GPUs in inference workloads. Analysts also questioned whether NVIDIA’s investments and compute-financing initiatives could create circular-financing concerns. OpenAI’s Jalapeño AI chip brings new threat to Nvidia margins

NVIDIA Stock Performance

NASDAQ:NVDA opened at $209.66 on Thursday. The company has a market capitalization of $5.07 trillion, a price-to-earnings ratio of 32.11, a PEG ratio of 0.42 and a beta of 2.23. The business has a 50 day moving average of $207.61 and a 200 day moving average of $200.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. NVIDIA Corporation has a 1-year low of $164.07 and a 1-year high of $236.54.

NVIDIA (NASDAQ:NVDA) last issued 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 business had revenue of $96.22 billion for the quarter, compared to analysts’ expectations of $92.27 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business’s quarterly revenue was up 105.9% on a year-over-year basis. During the same period last year, the business earned $1.05 earnings per share. On average, sell-side analysts predict that NVIDIA Corporation will post 8.8 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. This represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 885,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the sale, the director owned 5,207,271 shares of the company’s stock, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,900,500 shares of company stock valued at $410,449,265 in the last ninety days. 3.94% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Daiwa Securities Group lifted their price target on NVIDIA from $215.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. China Renaissance started coverage on NVIDIA in a report on Friday, June 5th. They set a “buy” rating and a $319.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and issued a $325.00 target price on shares of NVIDIA in a research note on Monday. Truist Financial lifted their target price on NVIDIA from $287.00 to $307.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, BNP Paribas Exane increased their price target on shares of NVIDIA from $270.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifty have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $308.46.

NVIDIA 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.