Granite Bay Wealth Management LLC Sells 4,930 Shares of NVIDIA Corporation $NVDA

Granite Bay Wealth Management LLC decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 9.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,196 shares of the computer hardware maker’s stock after selling 4,930 shares during the quarter. NVIDIA comprises about 2.3% of Granite Bay Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Granite Bay Wealth Management LLC’s holdings in NVIDIA were worth $8,992,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its holdings 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 worth $154,556,803,000 after buying an additional 9,554,857 shares during the last quarter. Geode Capital Management LLC increased its position in shares of NVIDIA by 1.5% during the second 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 acquiring an additional 8,521,936 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its holdings in NVIDIA by 267,959.7% in the 2nd 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 acquiring an additional 382,231,120 shares during the last quarter. Norges Bank bought a new position in NVIDIA in the 2nd quarter valued at approximately $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in NVIDIA by 2.9% during the 1st 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 valued at $22,412,434,000 after purchasing an additional 5,896,735 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Surge in China H200 demand and investor positioning ahead of CES is boosting near-term revenue visibility and helped lift the stock as traders rotated back into chip winners. Nvidia stock jumps over 3 today: what’s driving early-2026 rally?
• Positive Sentiment: NVIDIA’s big strategic moves — including the reported ~$20B Groq asset deal and executive hires — signal market-share consolidation in AI chips and lower long-term competitive risk, supporting upside expectations. Nvidia: $20B Groq Deal, Valuation, And More (Rating Upgrade)
• Positive Sentiment: Software/stack expansion — the SchedMD acquisition and open‑source focus strengthen NVIDIA’s ecosystem play, making its hardware more sticky and expanding TAM beyond chips. NVIDIA (NVDA) Expands AI Leadership with SchedMD Acquisition and Open-Source Focus
• Positive Sentiment: Broader semiconductor rally and favorable analyst commentary (sector hitting highs) are lifting NVDA as part of an AI-driven rotation into chipmakers and infrastructure names. Chip stocks rally to start 2026 after third-straight winning year
• Neutral Sentiment: Company spending spree (large deals, licensing, hires) signals aggressive growth and ecosystem buildout — positive for long-term leadership but raises near-term cash/deployment questions. Nvidia’s massive spending spree: Here’s what to know
• Neutral Sentiment: Upcoming CES keynote (and Jensen Huang’s previews) is keeping sentiment elevated as investors position for product/partnership announcements; this can amplify volatility around the event. Nvidia CEO Jensen Huang talks about his company’s latest innovations at CES 2026
• Negative Sentiment: Margin sustainability concerns: multiple analysts and features question whether rising competition, pricing pressure and big licensing/acquisition costs could compress NVDA’s historically high margins. That risk weighs on forward multiple assumptions. How Can Nvidia Sustain Its Margins?
• Negative Sentiment: Competition and valuation narrative: coverage highlights intensifying rivalry (Google, AMD, Broadcom) and continued debate over a potential AI “bubble,” which could amplify profit‑taking if macro or earnings signals disappoint. Nvidia, AMD and Broadcom Are Facing Off. How the 2026 AI Chips Battle Is Shaping Up.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the firm’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 transaction of $63,605,500.00. Following the completion of the transaction, the director owned 7,049,803 shares in the company, valued at $1,281,160,699.19. This trade represents a 4.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Debora Shoquist sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $184.65, for a total value of $14,772,000.00. Following the transaction, the executive vice president owned 1,574,443 shares of the company’s stock, valued at $290,720,899.95. This represents a 4.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,936,474 shares of company stock worth $354,356,742 over the last 90 days. Company insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of NVIDIA in a research note on Monday. Evercore ISI set a $352.00 price objective on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday, November 20th. Rothschild & Co Redburn raised their target price on shares of NVIDIA from $211.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Truist Financial restated a “buy” rating and set a $275.00 price target on shares of NVIDIA in a research note on Monday, December 29th. Finally, New Street Research restated a “buy” rating and issued a $307.00 price target on shares of NVIDIA in a research report on Thursday, October 30th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $262.14.

NVIDIA Stock Up 1.3%

NASDAQ NVDA opened at $188.85 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a current ratio of 4.47, a quick ratio of 3.71 and a debt-to-equity ratio of 0.06. The stock has a market cap of $4.59 trillion, a PE ratio of 46.86, a P/E/G ratio of 0.91 and a beta of 2.31. The stock’s 50 day moving average is $186.62 and its 200 day moving average is $178.06.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same period last year, the firm posted $0.81 EPS. The company’s revenue was up 62.5% on a year-over-year basis. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Thursday, December 4th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is presently 0.99%.

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.