BetterWealth LLC has significantly reduced its holdings in NVIDIA Corporation (NASDAQ: NVDA) by 54.3% during the third quarter of 2023, as revealed in its recent 13F filing with the Securities and Exchange Commission (SEC). Following this adjustment, BetterWealth LLC now possesses 8,649 shares of the tech giant, having sold 10,265 shares during the quarter. This move positions NVIDIA as the firm’s 24th largest holding, accounting for approximately 0.4% of its total portfolio, valued at around $1,614,000 at the end of the quarter.
Several other institutional investors have also made notable changes to their NVIDIA holdings. For instance, Western Financial Corp CA entered a new position in NVIDIA shares, amounting to approximately $1,837,000. Meanwhile, Moss Adams Wealth Advisors LLC increased its stake by 2.8%, bringing their total to 77,180 shares worth $14,401,000 after acquiring an additional 2,088 shares. Additionally, Saxony Capital Management LLC and Christensen King & Associates Investment Services Inc. both raised their positions slightly, while Capital Advisors Inc. OK expanded its holdings by 18.8%, now owning 1,441,604 shares valued at approximately $252,450,000. Currently, institutional investors and hedge funds hold 65.27% of NVIDIA’s stock.
Market Sentiment and Recent Developments
Recent news surrounding NVIDIA has influenced market sentiment positively and negatively. On the positive side, TSMC announced a significant capital expenditure of between $52 billion and $56 billion for 2026, indicating sustained demand for AI GPUs, which bolsters NVIDIA’s long-term growth in the data center market. Analysts have responded favorably, with numerous upgrades and increased price targets from firms like Jefferies, which set a target of $275 for NVIDIA stock.
NVIDIA has also alleviated commercial concerns by clarifying that it will not require Chinese customers to pre-pay for its H200 chips. This clarification is expected to ease potential friction in sales, particularly in the Chinese market. Despite these positive developments, analysts note that NVIDIA’s stock has recently experienced sideways trading, suggesting a period of consolidation even as long-term growth prospects remain robust.
Conversely, a 25% tariff recently imposed by the U.S. on certain advanced computing chips, including the H200, presents challenges for NVIDIA’s pricing competitiveness in China. Furthermore, there are reports of China drafting new purchase rules, which could create uncertainty in one of NVIDIA’s largest markets. Insider selling activity, including recent transactions by CFO Colette Kress, has also raised caution among investors regarding insider confidence in the company’s outlook.
Analyst Ratings and Insider Activity
Recent analyst reports reflect a mix of optimism and caution. Macquarie upgraded NVIDIA to an “outperform” rating, while HSBC issued a buy rating with a price target of $320 on October 15. Multiple analysts, including those from DA Davidson and KeyCorp, have echoed similar sentiments, indicating a consensus rating of “Moderate Buy” and an average target price of $263.41.
In terms of insider activity, substantial sales have been recorded recently. Director Harvey C. Jones sold 250,000 shares on December 15 for a total of approximately $44.33 million, reducing his ownership by 3.48%. Similarly, Director Mark A. Stevens sold 222,500 shares on December 19, amounting to $40.09 million, which represents a 2.84% decrease in his holdings. Over the past ninety days, insiders have sold a total of 1,734,114 shares valued at $317 million, leaving 4.17% of the stock in insider hands.
As of the latest trading session, NVIDIA shares opened at $186.54 and have a market capitalization of $4.53 trillion. The stock has a price-to-earnings ratio of 46.29 and recently reported a net margin of 53.01% alongside a year-on-year revenue increase of 62.5%. Despite fluctuations, NVIDIA continues to be a prominent player in the technology sector, particularly in the areas of graphics processing and AI.
NVIDIA Corporation, headquartered in Santa Clara, California, is known for its innovative technology in graphics processing units (GPUs) and system-on-chip (SoC) technologies. Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, the company has expanded its reach across various industries, including gaming and professional visualization.
