2,470 NVIDIA Corporation $NVDA Shares Acquired by JLB & Associates Inc.

Key Points

• JLB & Associates increased its NVIDIA position by 34.1% in the second quarter, acquiring 2,470 shares and bringing its total holdings to 9,717 shares valued at approximately $1.94 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA insiders sold substantial shares recently, including CFO Colette Kress’s $7.65 million sale and EVP Timothy Teter’s $6.79 million sale. Insiders have sold 1.77 million shares worth roughly $399.5 million over the past 90 days.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $324.14, while NVIDIA reported quarterly revenue growth of 105.9% year over year. The company also authorized a new $150 billion share-repurchase program, bringing total buyback capacity to $235 billion through 2028.

JLB & Associates Inc. grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 34.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,717 shares of the computer hardware maker's stock after buying an additional 2,470 shares during the period. JLB & Associates Inc.'s holdings in NVIDIA were worth $1,944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Meeder Advisory Services Inc. grew its position in NVIDIA by 4.8% in the second quarter. Meeder Advisory Services Inc. now owns 631,375 shares of the computer hardware maker's stock worth $126,332,000 after acquiring an additional 29,141 shares in the last quarter. Harborfront Financial Group LLC bought a new stake in NVIDIA during the second quarter worth approximately $639,000. Meeder Asset Management Inc. raised its position in NVIDIA by 3.5% during the second quarter. Meeder Asset Management Inc. now owns 678,626 shares of the computer hardware maker's stock valued at $135,786,000 after purchasing an additional 23,030 shares during the period. Pension & Wealth Management Advisors Inc. lifted its stake in shares of NVIDIA by 12.7% in the 2nd quarter. Pension & Wealth Management Advisors Inc. now owns 21,362 shares of the computer hardware maker's stock valued at $4,274,000 after purchasing an additional 2,399 shares during the last quarter. Finally, Graney & King LLC lifted its stake in shares of NVIDIA by 12.1% in the 2nd quarter. Graney & King LLC now owns 5,462 shares of the computer hardware maker's stock valued at $1,093,000 after purchasing an additional 588 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the transaction, the chief financial officer directly owned 765,103 shares of the company's stock, valued at $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy Teter sold 30,460 shares of the business's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at $598,810,648. This trade represents a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,766,118 shares of company stock worth $399,450,353. Corporate insiders own 3.94% of the company's stock.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Barclays raised its estimate for NVIDIA’s 2027 hyperscaler revenue to approximately $401 billion, above its prior $370 billion forecast. The estimate reflects accelerating data-center investment by major cloud providers. Nvidia stock gains as Barclays sees $401B hyperscaler revenue in 2027
• Positive Sentiment: NVIDIA authorized an additional $150 billion share repurchase, bringing total buyback capacity to $235 billion through 2028. The move signals management confidence in future cash generation and could support earnings per share. Nvidia authorizes $150B buyback
• Positive Sentiment: Analysts remain constructive: Cantor Fitzgerald reaffirmed an overweight rating with a $350 price target, while other coverage highlights NVIDIA’s strong earnings prospects, rising cash flow and demand for its Vera Rubin platform. 2 Growth Stocks With Strong Earnings Prospects to Buy in October
• Positive Sentiment: New ecosystem activity, including NVIDIA’s participation in GMI Cloud’s $668 million financing and expanded digital-twin and AI-safety initiatives, reinforces demand for its full-stack AI platform.
• Neutral Sentiment: The stock is nearing its all-time high, making upcoming hyperscaler capital-expenditure updates and future earnings results important catalysts for sustaining momentum. Nvidia stock approaches record territory
• Negative Sentiment: Investors are debating NVIDIA’s financing arrangements for AI customers, which critics describe as potentially circular. Concerns about customer credit quality and overinvestment could increase volatility if AI infrastructure spending slows. Nvidia’s bet that its chips can finance the AI boom
• Negative Sentiment: China’s efforts to develop software for Huawei’s competing AI chips and the broader risk of hyperscaler CapEx fatigue remain longer-term threats to NVIDIA’s market share and valuation.

Analysts Set New Price Targets

Several analysts recently weighed in on NVDA shares. Benchmark restated a "buy" rating and set a $335.00 price target on shares of NVIDIA in a report on Thursday, August 27th. Wall Street Zen downgraded shares of NVIDIA from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 26th. Jefferies Financial Group restated a "buy" rating on shares of NVIDIA in a report on Wednesday, August 26th. KeyCorp restated an "overweight" rating and issued a $330.00 target price on shares of NVIDIA in a report on Monday, August 24th. Finally, Wedbush lifted their price target on shares of NVIDIA from $330.00 to $345.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Four analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $324.14.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $230.86 on Friday. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The stock's fifty day moving average price is $218.20 and its 200-day moving average price is $207.30. The firm has a market cap of $5.56 trillion, a P/E ratio of 29.19, a P/E/G ratio of 1.76 and a beta of 2.22. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The firm's revenue for the quarter was up 105.9% compared to the same quarter last year. On average, equities research analysts expect that NVIDIA Corporation will post 9.25 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has authorized a share repurchase plan on Monday, September 28th that authorizes the company to buyback $150.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, September 10th. NVIDIA's dividend payout ratio is presently 12.64%.

About NVIDIA

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company's products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

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