Summitry LLC Sells 44,216 Shares of NVIDIA Corporation $NVDA

Summitry LLC lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 22.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,946 shares of the computer hardware maker’s stock after selling 44,216 shares during the quarter. Summitry LLC’s holdings in NVIDIA were worth $30,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of NVDA. Boyd Wealth Management LLC boosted its holdings in shares of NVIDIA by 273.4% during the 2nd quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker’s stock valued at $1,830,000 after purchasing an additional 6,696 shares during the last quarter. Diversified Enterprises LLC increased its holdings in shares of NVIDIA by 44.2% in the fourth quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker’s stock worth $23,798,000 after purchasing an additional 39,129 shares during the last quarter. Altshuler Shaham Ltd lifted its position in shares of NVIDIA by 6,451.9% in the first quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker’s stock worth $111,134,000 after buying an additional 627,510 shares in the last quarter. ASR Vermogensbeheer N.V. boosted its stake in NVIDIA by 1.8% during the fourth quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker’s stock valued at $591,086,000 after buying an additional 54,877 shares during the last quarter. Finally, Storen Legacy Partners LLC purchased a new position in NVIDIA during the 4th quarter valued at approximately $1,350,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 2.0%

Shares of NASDAQ NVDA opened at $225.73 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. The firm has a market capitalization of $5.44 trillion, a price-to-earnings ratio of 28.54, a PEG ratio of 1.81 and a beta of 2.22. The stock has a 50 day moving average price of $211.83 and a 200 day moving average price of $202.77. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $236.54.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 105.9% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. Sell-side analysts expect that NVIDIA Corporation will post 9.1 earnings per share for the current year.

NVIDIA declared that its board has initiated a share buyback plan on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. NVIDIA’s dividend payout ratio is presently 12.64%.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA continues to benefit from exceptional AI infrastructure demand. Recent analysis highlighted $96.2 billion in quarterly revenue, 106% year-over-year growth, strong data-center momentum and management’s expectation for approximately 70% revenue growth in fiscal 2028. Blackwell, networking and the upcoming Vera Rubin platform provide additional product catalysts. Nvidia’s Earnings Staircase Keeps The Momentum Rolling
• Positive Sentiment: CEO Jensen Huang reinforced the investment case by describing NVIDIA’s computing hardware as durable, rentable and capable of generating revenue for customers even as chips age. Continued rental demand for older H100 systems supports the resale and utilization value of NVIDIA’s installed base. Jensen Huang Calls Nvidia Chips a Revenue-Generating Asset
• Positive Sentiment: Customer and ecosystem news remains supportive: NVIDIA-backed Firmus signed a multiyear computing-capacity agreement with OpenAI, while Quantum Cyber announced an eight-GPU NVIDIA A100 cluster for autonomous defense and drone applications. These announcements indicate expanding use of NVIDIA hardware beyond traditional hyperscale deployments. Nvidia-backed Firmus Signs Deal With OpenAI
• Neutral Sentiment: NVIDIA’s approximately $12.9 billion acquisition of Hugging Face is viewed as a way to deepen its software and developer ecosystem, but investors are watching whether the open-source community embraces the platform under NVIDIA ownership and whether the deal produces adequate returns.
• Neutral Sentiment: Supplier activity points to sustained demand but also rising execution and financing requirements. Wistron announced a $1.5 billion share sale to fund materials and capacity, illustrating the capital intensity of the AI-server buildout without directly changing NVIDIA’s earnings outlook.
• Negative Sentiment: Director Mark Stevens sold 1,022,239 NVIDIA shares for approximately $235.6 million across September 3–4, reducing his direct ownership by roughly one-third across the reported transactions. Although insider sales do not necessarily signal deteriorating fundamentals, the size of the sales can weigh on sentiment.
• Negative Sentiment: The stock’s pullback reflects profit-taking after three sessions of gains and weaker risk appetite linked to higher oil prices and renewed Middle East tensions. Investors also continue to debate competition from custom AI chips, data-center opposition, customer concentration and whether AI spending can justify NVIDIA’s multitrillion-dollar valuation.

Insider Buying and Selling at NVIDIA

In related news, EVP Timothy Teter sold 30,000 shares of NVIDIA stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $217.88, for a total value of $6,536,400.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares in the company, valued at $585,587,360.80. The trade was a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 885,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the sale, the director directly owned 5,207,271 shares of the company’s stock, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,585,740 shares of company stock worth $571,015,527. Insiders own 3.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. BNP Paribas Exane boosted their price target on shares of NVIDIA from $270.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NVIDIA in a research report on Monday, August 31st. HSBC lifted their price objective on shares of NVIDIA from $360.00 to $365.00 in a research note on Thursday, August 27th. DZ Bank restated a “buy” rating on shares of NVIDIA in a report on Wednesday, August 26th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $400.00 target price (up from $315.00) on shares of NVIDIA in a research report on Thursday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $324.83.

NVIDIA Company Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company’s offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.