NVIDIA Corporation $NVDA Shares Bought by Northwestern Mutual Wealth Management Co.

Posted by Francis Steltz on Oct 16th, 2026

Northwestern Mutual Wealth Management Co. raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 2.2% in the second quarter, Holdings Channel reports. The institutional investor owned 5,923,023 shares of the computer hardware maker’s stock after buying an additional 126,986 shares during the quarter. NVIDIA accounts for about 0.6% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its 24th biggest position. Northwestern Mutual Wealth Management Co.’s holdings in NVIDIA were worth $1,185,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Spinnaker Trust lifted its position in NVIDIA by 4.7% in the 2nd quarter. Spinnaker Trust now owns 82,031 shares of the computer hardware maker’s stock valued at $16,414,000 after acquiring an additional 3,714 shares in the last quarter. Cullinan Associates Inc. increased its holdings in shares of NVIDIA by 53.1% in the 2nd quarter. Cullinan Associates Inc. now owns 90,984 shares of the computer hardware maker’s stock worth $18,205,000 after purchasing an additional 31,559 shares in the last quarter. Trustmark Bank Trust Department increased its holdings in shares of NVIDIA by 5.0% in the 2nd quarter. Trustmark Bank Trust Department now owns 124,608 shares of the computer hardware maker’s stock worth $24,933,000 after purchasing an additional 5,975 shares in the last quarter. New Mexico Educational Retirement Board increased its holdings in shares of NVIDIA by 8.0% in the 2nd quarter. New Mexico Educational Retirement Board now owns 1,205,486 shares of the computer hardware maker’s stock worth $241,206,000 after purchasing an additional 89,406 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in shares of NVIDIA by 0.3% in the 2nd quarter. Royal London Asset Management Ltd. now owns 17,986,795 shares of the computer hardware maker’s stock worth $3,598,978,000 after purchasing an additional 51,814 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Down 1.8%

NVIDIA stock opened at $217.23 on Friday. The stock has a market cap of $5.24 trillion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.71 and a beta of 2.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. NVIDIA Corporation has a one year low of $164.27 and a one year high of $243.37. The stock has a fifty day moving average of $223.40 and a 200 day moving average of $211.08.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. NVIDIA’s revenue was up 105.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share. As a group, sell-side analysts predict that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA declared that its board has authorized a stock buyback program on Monday, September 28th that allows the company to buy back $150.00 billion in shares. This repurchase authorization allows the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its stock is undervalued.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA’s dividend payout ratio is presently 12.64%.

Insider Activity

In other news, EVP Timothy Teter sold 30,460 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares in the company, valued at $598,810,648. This represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the transaction, the chief financial officer owned 765,103 shares in the company, valued at $167,595,812.15. This trade represents a 4.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,766,118 shares of company stock valued at $399,450,353 in the last quarter. 3.94% of the stock is currently owned by insiders.

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. Phillip Securities boosted their price target on NVIDIA from $285.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. Itau BBA Securities dropped their price objective on NVIDIA from $256.00 to $218.00 in a research report on Wednesday, June 24th. Melius Research set a $420.00 price objective on NVIDIA in a report on Thursday, August 27th. Oppenheimer set a $315.00 price objective on NVIDIA and gave the stock an “outperform” rating in a report on Thursday, August 27th. Finally, Daiwa Securities Group decreased their target price on NVIDIA from $255.00 to $245.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $321.89.

Read Our Latest Stock Analysis on NVIDIA

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Automotive expansion: Volvo Cars is expanding its long-running partnership with NVIDIA, adopting three NVIDIA hardware and software components for automated driving systems designed for urban streets and highways. This strengthens NVIDIA’s position in physical AI and autonomous vehicles. Volvo Cars expands automated driving partnership with Nvidia
Positive Sentiment: Broader enterprise adoption: Adobe and NVIDIA expanded their collaboration to optimize Photoshop, Premiere, Substance 3D, Frame.io and Brand Concierge for faster AI-powered creation. LSEG also selected NVIDIA GPUs to accelerate analysis of its large Tick History dataset, supporting demand beyond hyperscale cloud providers. Adobe and NVIDIA Expand Collaboration to Speed Agentic Creation
Positive Sentiment: Demand remains substantial: QumulusAI put all GPUs covered by a $71.9 million, three-year NVIDIA Blackwell agreement into production, while industry coverage continues to highlight supply constraints and extensive hyperscaler AI spending. These developments support NVIDIA’s revenue outlook, although they do not eliminate financing risks. QumulusAI Blackwell agreement
Neutral Sentiment: AI safety initiatives: NVIDIA committed $250 million in computing resources over five years for U.K. agentic AI safety and security research. The move may improve NVIDIA’s regulatory and reputational position, but it is primarily a strategic investment rather than a near-term earnings catalyst. Nvidia pledges $250 million to boost UK AI safety research
Neutral Sentiment: Political and governance attention: NVIDIA confirmed a multimillion-dollar donation to President Trump’s White House ballroom project, while CEO Jensen Huang discussed working with Chinese AI companies on safety and potentially withholding chips from irresponsible customers. These developments could generate reputational or regulatory scrutiny without directly changing near-term results. Nvidia and Cisco donations
Negative Sentiment: Macro and financing concerns dominated: Rising Treasury yields and hotter inflation data encouraged investors to reduce exposure to high-growth AI stocks. Markets are increasingly questioning whether cloud providers and neoclouds can fund the infrastructure spending required to support NVIDIA’s growth. Rate pressure versus AI demand
Negative Sentiment: Competition and valuation rotation: Analysts pointed to Micron’s lower valuation and improving AI-related margins as a more attractive alternative, while Broadcom, AMD and Microsoft’s custom-chip efforts reinforce concerns that NVIDIA’s market share and pricing power could face pressure. Micron versus NVIDIA

NVIDIA Profile

(Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company’s products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.