Zwj Investment Counsel 13F: Adds $1.9M to NVIDIA (NVDA) Stake

Zwj Investment Counsel increased its exposure to NVIDIA Corporation (NasdaqGS: NVDA) during the period, raising its share count by 1.6%. The latest Form 13F filing with the Securities and Exchange Commission shows the firm purchased an additional 8,132 shares to bring its total holding to 522,627 shares. That move grew the value of the position to approximately $119.4 million. Regulatory filings like this one look backward at a prior quarter and may not reflect the investor's current portfolio today.

What Changed in Zwj Investment Counsel's NVIDIA Position

Prior to this update, Zwj Investment Counsel held 514,495 shares of the chipmaker. Adding 8,132 shares lifted the total to 522,627 shares, representing a 1.6% increase. At the close of the reporting window, the firm's investment was worth $119.36 million. This steady accumulation places a larger bet on the Santa Clara-based technology firm as demand for artificial intelligence infrastructure continues to evolve.

Other Institutional Activity in NVIDIA

Other major institutional investors also tweaked their massive holdings in the company. Blackrock Inc. grew its holdings by 16,367,185 shares, ending with 1,941,918,386 shares worth about $417.09 billion after a 0.9% increase. Vanguard Capital Management LLC added 2,307,763 shares for a 0.1% lift, bringing its total to 1,540,816,358 shares valued at roughly $330.94 billion. FMR, LLC raised its stake by 3,220,0765 shares to reach 1,026,051,548 shares worth about $220.38 billion, marking a 3.2% increase. State Street Corporation lifted its position by 15,902,101 shares, or 1.6%, closing the period with 1,009,783,437 shares valued at approximately $216.88 billion. Geode Capital Management, LLC grew its stake by 4,870,899 shares to total 606,216,492 shares worth about $130.20 billion, an increase of 0.8%.

NVIDIA Corporation Stock Down 2.9%

NVIDIA Corporation shares recently traded around $214.64. The stock has traded between a 52-week low of $164.27 and a 52-week high of $243.37. The company's valuation reflects a trailing P/E ratio of 27.5 and a forward P/E ratio of 13.6.

Recent Earnings

NVIDIA reported annual revenue of $302.97 billion, backed by strong revenue growth of 105.9%. The firm posted earnings per share of $7.91, alongside a net margin of 63.66% and a return on equity of 117.21%. The company's next earnings report is scheduled for November 17, 2026.

Dividend

NVIDIA pays an annual dividend yielding 0.46%, backed by a low dividend payout ratio of 3.54%.

Insider Buying and Selling at NVIDIA Corporation

Company insiders made notable open market purchases during the period. On June 25, 2026, Tench Coxe bought 1,111 shares. Mark Stevens also purchased 1,211 shares on June 25, 2026. Stephen Neal acquired 1,211 shares on the same day, and Brooke Seawell picked up 1,211 shares on June 25, 2026.

Analysts Set New Price Targets

Wall Street firms continue to maintain positive stances on the chipmaker. On October 1, 2026, Cantor Fitzgerald reiterated its Overweight rating with a $350.00 price target. Rosenblatt maintained a Buy rating on September 29, 2026, setting a $390.00 price target. Piper Sandler initiated coverage with an Overweight rating and a $300.00 price target on September 10, 2026. Rosenblatt previously maintained a Buy rating with a $390.00 target on September 4, 2026, and Needham reiterated its Buy rating with a $300.00 target on the same day. Overall analyst consensus stands at a Strong Buy, with a mean price target of $328.72 across 59 analyst opinions.

About NVIDIA Corporation

NVIDIA Corporation designs advanced accelerated computing and networking platforms, graphics chips, and artificial intelligence software solutions. Its hardware and software ecosystems power data centers, autonomous vehicles, and enterprise tech environments globally.

Bottom Line

Zwj Investment Counsel's decision to pad its NVIDIA holding demonstrates continued institutional participation in the semiconductor leader. Investors will look toward the upcoming earnings release on November 17, 2026, for further insight into demand. Remember that 13F filings are historical snapshots and do not necessarily show current trades.