Pinnacle Associates 13F: Cuts NVIDIA (NVDA) Stake by $2.3M

Pinnacle Associates reduced its holdings in NVIDIA Corporation NVDA by 10,223 shares during the quarter, according to a Form 13F filing with the SEC on October 20, 2026. The fund disclosed the move in a regulatory report detailing its institutional equity positions.

NVDA NVIDIA Corporation

$216.47 ▲ +14.89% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Pinnacle Associates's NVIDIA Position

Pinnacle Associates trimmed its stake by 1.07% to end with 944,480 shares. The remaining shares held an estimated value of $215,700,415 at the time of the filing. The adjustment lowered the fund's exposure to the semiconductor giant following previous quarterly holdings of 954,703 shares.

Other Institutional Activity in NVIDIA

Other major funds adjusted their positions in the chipmaker as well during the reporting cycle. SteelPeak Wealth grew its holdings by 182,805 shares, ending with 1,110,168 shares worth about $253,814,535. B. Riley Wealth Advisors lifted its stake by 80,978 shares to reach 582,603 shares valued at roughly $133,054,957. Sumitomo Mitsui DS Asset Management Company added 50,583 shares for a total of 4,117,816 shares worth about $940,426,818. Accurate Wealth Management raised its position by 23,451 shares, finishing with 271,232 shares valued at roughly $61,961,925. James Hambro & Partners increased its holdings by 28,312 shares to end with 902,781 shares worth about $206,091,359.

NVIDIA Corporation Stock Up 0.2%

NVIDIA Corporation shares recently traded around $221.87 on October 22, 2026, up about 2.5% from the $216.47 close recorded on the filing date. The stock has traded between a 52-week low of $164.27 and a 52-week high of $243.37. The company commands a market capitalization above $5.35 trillion with a price-to-earnings ratio of 28.06.

Recent Earnings

NVIDIA Corporation reported trailing twelve month revenue of $302.97 billion and earnings of $7.91 per share. The company carries a net profit margin of 63.7% and a return on equity of 117.2%. The next corporate earnings update is scheduled for November 17, 2026.

Dividend

NVIDIA Corporation pays an annual dividend rate of $1.00 per share, which represents a dividend yield of 0.45%. The company maintains a conservative payout ratio of 3.5%.

Insider Buying and Selling at NVIDIA Corporation

Company insiders executed several stock transactions ahead of the filing period. Director Mark A Stevens sold 1,022,239 shares on September 4, 2026, for a total value of $235,636,867. Chief Financial Officer Colette Kress disposed of 34,918 shares at an average price of $219.04 on September 17, 2026, under a planned trading schedule. Director Mark A Stevens also disposed of 1,366,000 shares valued at $300,147,095 on September 18, 2026. General Counsel Timothy S Teter sold 30,460 shares worth $6,786,533 on September 21, 2026.

Analysts Set New Price Targets

Wall Street research firms maintain an active outlook on the stock, carrying a consensus recommendation key of strong_buy across 59 analyst opinions with a mean price target of $328.72. Rosenblatt maintained a Buy rating with a $390.00 price target on September 4, 2026. Needham reiterated a Buy rating with a $300.00 price target on September 4, 2026. Piper Sandler initiated coverage with an Overweight rating and a $300.00 target on September 10, 2026. Rosenblatt reiterated its Buy rating at $390.00 on September 29, 2026, while Cantor Fitzgerald kept an Overweight rating with a $350.00 price target on October 1, 2026.

About NVIDIA

NVIDIA Corporation designs accelerated computing platforms and artificial intelligence infrastructure. The enterprise builds hardware and software systems for data centers, gaming, and automotive applications worldwide, serving as a primary provider of chips powering modern artificial intelligence deployment.

Bottom Line

Institutional adjustments like Pinnacle Associates' recent filing offer insight into how large investors manage exposure to premier technology names. Market participants will monitor upcoming earnings reports and ongoing institutional updates for further direction.