BetterWealth LLC significantly reduced its stake in NVIDIA Corporation (NASDAQ: NVDA) by 54.3% during the third quarter of 2023, as reported in its latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor now holds 8,649 shares of the renowned computer hardware maker, following the sale of 10,265 shares in the quarter. NVIDIA represents approximately 0.4% of BetterWealth LLC’s total holdings, ranking as its 24th largest investment, valued at $1,614,000 at the end of the quarter.
Several other institutional investors have also adjusted their positions in NVIDIA. For instance, Western Financial Corp entered the fray by acquiring a new position worth about $1,837,000 in the same period. Moss Adams Wealth Advisors LLC increased its holdings by 2.8%, now owning 77,180 shares valued at $14,401,000 after buying an additional 2,088 shares. Similarly, Saxony Capital Management LLC raised its stake by 0.3%, while Christensen King & Associates Investment Services Inc. increased its holdings by 5.8%, now totaling 14,225 shares valued at $2,654,000.
Capital Advisors Inc. made the most significant move, boosting its holdings in NVIDIA by 18.8%, now owning 1,441,604 shares worth $252,450,000. Overall, institutional investors and hedge funds currently hold 65.27% of NVIDIA’s stock.
NVIDIA has been making headlines recently, driven by various positive developments within the industry. TSMC announced a substantial capital expenditure plan of $52–$56 billion for 2026, highlighting sustained demand for AI GPUs. This investment underpins NVIDIA’s multi-year data-center total addressable market (TAM), supporting higher GPU production volumes.
Analyst sentiment around NVIDIA remains optimistic, with several firms upgrading their ratings. Jefferies has set a price target of $275, while analysts from Mizuho and Baird have also expressed confidence in NVIDIA’s growth trajectory. The company’s recent decision to eliminate the requirement for Chinese customers to pre-pay for its H200 chips has further alleviated some commercial concerns.
Despite a generally positive outlook, NVIDIA faces challenges. A recent U.S. declaration imposing a 25% tariff on certain advanced computing chips shipped to China could impact margins and sales competitiveness. Reports indicate that China may be drafting new purchase rules that could restrict imports of NVIDIA’s H200 chips, raising demand uncertainty in a key market.
Investor caution is evident following insider selling disclosures. CFO Colette Kress sold shares recently, contributing to a more cautious sentiment among investors, despite long-term bullish signals.
Analysts have continued to monitor NVIDIA closely. In recent reports, Macquarie upgraded NVIDIA to an “outperform” rating, while HSBC set a target price at $320.00. The consensus remains positive, with four analysts rating the stock as a “Strong Buy,” while forty-seven have given it a “Buy” rating.
In recent market activity, NVIDIA’s stock opened at $186.54 on Friday. The company has a market capitalization of $4.53 trillion and a price-to-earnings ratio of 46.29. NVIDIA announced its quarterly earnings on November 19, 2023, reporting earnings per share (EPS) of $1.30, exceeding the consensus estimate of $1.23. The company recorded revenue of $57.01 billion for the quarter, up 62.5% year-over-year.
NVIDIA also recently declared a quarterly dividend of $0.01, paid on December 26, 2023, representing an annual yield of 0.0%.
Founded in 1993 and headquartered in Santa Clara, California, NVIDIA has evolved from a graphics-focused company to a leader in accelerated computing hardware and software across multiple industries. Its product range includes GPUs for gaming and professional visualization, as well as high-performance data center accelerators for AI applications.
With ongoing developments and market fluctuations, NVIDIA remains a focal point for investors and analysts alike.
