Perigon Wealth Management 13F: Cuts NVIDIA (NVDA) Stake by $19M

Perigon Wealth Management trimmed its holdings in NVIDIA Corporation NVDA by 82,894 shares during the quarter, according to a Form 13F filing with the SEC on October 22, 2026. The reduction represents a 4.8% decrease from the previous period, leaving the firm with 1,639,250 shares. The remaining position carried a reported value of $374,371,971 at the time of the filing.

NVDA NVIDIA Corporation

$221.97 ▲ +17.81% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Perigon Wealth Management's NVIDIA Position

Perigon Wealth Management scaled back its exposure to the semiconductor giant by shedding 82,894 shares during the quarter. The fund previously held 1,722,144 shares. Even after the 4.8% trim, the firm retains a multi-million dollar investment in the company valued at roughly $374.37 million.

Other Institutional Activity in NVIDIA Corporation

True North Advisors grew its holdings by 13,308 shares, ending with 124,782 shares worth about $28,528,395.

NVIDIA Corporation Stock Down 1.9%

NVIDIA shares recently traded around $212.28 as of October 23, 2026, down about 4.4% from the closing price of $221.97 on the filing day. The stock changes hands below its 50-day moving average of $223.01, but remains above its 200-day moving average of $203.43. The company has a forward P/E ratio of 13.95.

Recent Earnings

NVIDIA Corporation reported trailing twelve-month revenue of $302.97 billion and earnings of $7.91 per share. The company posted a net profit margin of 63.7% alongside a return on equity of 117.2%, while year-over-year revenue growth reached 105.9%. The next earnings report is scheduled for November 17, 2026.

Dividend

NVIDIA pays an annual dividend rate of $1.00 per share, giving it a dividend yield of 0.45%.

Insider Buying and Selling at NVIDIA Corporation

Director Mark A. Stevens sold 1,848,501 shares on September 2, 2026, for a total value of $410,843,671. The same director later sold 1,022,239 shares on September 4, 2026, for $235,636,867, and another 1,366,000 shares on September 18, 2026, for $300,147,095. General Counsel Timothy S. Teter sold 30,460 shares on September 21, 2026, for a total value of $6,786,533.

Analysts Set New Price Targets

Rosenblatt maintained its buy rating on NVIDIA on September 4, 2026, with a $390.00 price target. Piper Sandler initiated coverage with an overweight rating and a $300.00 target on September 10, 2026. Rosenblatt maintained its buy rating on September 29, 2026, while Cantor Fitzgerald reiterated an overweight rating with a $350.00 target on October 1, 2026. Needham reiterated a buy rating with a $300.00 target on October 22, 2026. Overall, the stock holds a consensus strong buy rating from 59 analysts with a mean price target of $328.72.

About NVIDIA Corporation

NVIDIA Corporation designs advanced accelerated computing and networking platforms, graphics processing units, and artificial intelligence software systems for data centers, gaming, and automotive applications worldwide. Institutional adjustments and insider transactions offer context on how major market participants manage their exposure to the artificial intelligence leader.

Bottom Line

Investors will look toward NVIDIA's upcoming earnings report on November 17, 2026, for further updates on data center demand and profit margins. Future institutional filings will show whether other large wealth managers follow Perigon in adjusting their positions.