3,600 NVIDIA Corporation $NVDA Shares Sold by Longitude Cayman Ltd.

Key Points

• Longitude Cayman Ltd. reduced its NVIDIA position by 9.5% in the second quarter, selling 3,600 shares and retaining 34,100 shares worth approximately $6.8 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA continues to post strong operating results and demand signals: quarterly revenue rose 105.9% year over year to $96.22 billion, exceeding estimates, while potential SpaceX GPU purchases and expansion into AI-enabled PCs could support future growth.
• Analysts remain bullish, but valuation and execution risks are rising. NVIDIA has a “Buy” consensus rating with an average $321.89 price target, while its near-$6 trillion valuation, insider selling, tariff concerns and potential margin pressure could increase volatility.

Longitude Cayman Ltd. trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,100 shares of the computer hardware maker's stock after selling 3,600 shares during the quarter. NVIDIA accounts for 2.2% of Longitude Cayman Ltd.'s holdings, making the stock its 19th biggest holding. Longitude Cayman Ltd.'s holdings in NVIDIA were worth $6,823,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NVDA. LM Advisors LLC lifted its holdings in shares of NVIDIA by 479.8% during the second quarter. LM Advisors LLC now owns 37,422 shares of the computer hardware maker's stock worth $7,458,000 after buying an additional 30,968 shares in the last quarter. Haverford Trust Co grew its stake in shares of NVIDIA by 8.4% in the second quarter. Haverford Trust Co now owns 1,327,685 shares of the computer hardware maker's stock valued at $265,657,000 after acquiring an additional 103,369 shares in the last quarter. Clear Harbor Asset Management LLC grew its stake in shares of NVIDIA by 13.2% in the second quarter. Clear Harbor Asset Management LLC now owns 130,508 shares of the computer hardware maker's stock valued at $26,113,000 after acquiring an additional 15,185 shares in the last quarter. First Nebraska Trust Co increased its position in NVIDIA by 0.8% during the second quarter. First Nebraska Trust Co now owns 25,535 shares of the computer hardware maker's stock worth $5,109,000 after acquiring an additional 203 shares during the period. Finally, Kendall Capital Management raised its position in shares of NVIDIA by 23.7% in the second quarter. Kendall Capital Management now owns 24,740 shares of the computer hardware maker's stock valued at $4,950,000 after buying an additional 4,741 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: SpaceX may become a major new customer. SpaceX is reportedly seeking approximately $40 billion in debt financing—potentially including bank loans and investment-grade bonds—to purchase NVIDIA GPUs for its AI infrastructure. The proposed transaction would reinforce demand for NVIDIA’s chips, although the debt-funded nature of the purchase raises questions about customer financing risk. Apollo, banks in talks to finance SpaceX's $40 billion Nvidia GPU purchase
• Positive Sentiment: NVIDIA is expanding beyond data centers into PCs and edge AI. Microsoft unveiled the $2,599 Surface Laptop Ultra with an NVIDIA AI chip, while ASUS and other manufacturers began offering RTX Spark-powered systems for local AI workloads. This could broaden NVIDIA’s addressable market and create a new consumer and enterprise revenue stream. Microsoft to sell Surface Laptop Ultra containing Nvidia AI chip
• Positive Sentiment: AI infrastructure adoption remains widespread. NVIDIA-backed Lambda is reportedly targeting up to $4 billion in additional funding ahead of a planned IPO, while robotics, sovereign-AI and cloud-computing companies continue announcing deployments using NVIDIA platforms. These developments support the company’s ecosystem and long-term demand outlook. Nvidia-backed Lambda targets $4 billion raise
• Positive Sentiment: Analyst sentiment remains bullish. Morgan Stanley raised its price target, and consensus estimates cited by analysts imply additional upside. NVIDIA’s prior quarterly earnings beat and more-than-doubling revenue growth continue to support the bullish case.
• Neutral Sentiment: Market conditions are mixed. Rising oil prices tied to renewed Strait of Hormuz tensions pressured broader equities, while investors also remained focused on interest rates and Federal Reserve minutes.
• Negative Sentiment: Valuation and concentration risks are becoming more prominent. NVIDIA is approaching a $6 trillion market capitalization after a powerful rally, increasing the potential for profit-taking. Michael Burry has reportedly shifted to longer-dated put options on NVIDIA, citing the risk of an eventual AI downturn.
• Negative Sentiment: Trade and execution risks could weigh on the shares. Fresh tariff threats and concerns about margin compression, inventory levels and the sustainability of debt-financed AI spending are tempering enthusiasm. Investors may also be reluctant to chase the stock near record highs without evidence that earnings growth can continue to exceed elevated expectations.

NVIDIA Stock Performance

Shares of NVDA stock opened at $237.36 on Thursday. The stock has a market capitalization of $5.72 trillion, a PE ratio of 30.01, a PEG ratio of 1.85 and a beta of 2.22. The business's 50 day simple moving average is $221.38 and its 200 day simple moving average is $208.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. NVIDIA Corporation has a one year low of $164.27 and a one year high of $243.37.

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

NVIDIA announced that its Board of Directors has initiated a stock buyback program on Monday, September 28th that authorizes the company to buyback $150.00 billion in shares. This buyback authorization authorizes the computer hardware maker to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other NVIDIA news, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the transaction, the executive vice president 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of the company's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the transaction, the director directly owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,766,118 shares of company stock valued at $399,450,353 over the last quarter. Insiders own 3.94% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on NVIDIA from $280.00 to $320.00 and gave the company an "overweight" rating in a report on Thursday, August 27th. Citigroup reaffirmed a "buy" rating and set a $315.00 price objective (up from $300.00) on shares of NVIDIA in a research report on Thursday, August 27th. KGI Securities raised their target price on shares of NVIDIA from $335.00 to $345.00 in a report on Thursday, August 27th. DZ Bank reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, August 26th. Finally, Morgan Stanley set a $230.00 price target on shares of NVIDIA in a research report on Friday, October 2nd. Four investment analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $321.89.

NVIDIA Company Profile

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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