4,064 NVIDIA Corporation $NVDA Shares Sold by South Street Advisors LLC

Key Points

• South Street Advisors reduced its NVIDIA stake by 1.2%, selling 4,064 shares and retaining 333,770 shares valued at approximately $66.8 million. NVIDIA remains the fund’s largest holding, representing 8.7% of its portfolio.
• Institutional investors own 65.27% of NVIDIA, while analysts maintain a broadly bullish outlook: the stock has an average “Buy” rating and a consensus price target of $324.14.
• NVIDIA reported strong quarterly results, with revenue rising 105.9% year over year to $96.22 billion and EPS of $2.22, beating estimates. However, executives have sold shares under pre-arranged Rule 10b5-1 plans, and higher memory costs could pressure margins.

South Street Advisors LLC lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 333,770 shares of the computer hardware maker's stock after selling 4,064 shares during the period. NVIDIA comprises about 8.7% of South Street Advisors LLC's holdings, making the stock its biggest position. South Street Advisors LLC's holdings in NVIDIA were worth $66,784,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of NVIDIA by 2.1% in the 1st quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker's stock worth $33,345,453,000 after purchasing an additional 4,019,505 shares during the period. Invesco Ltd. grew its holdings in NVIDIA by 0.3% during the fourth quarter. Invesco Ltd. now owns 143,239,504 shares of the computer hardware maker's stock valued at $26,714,167,000 after purchasing an additional 446,178 shares during the period. Amundi increased its position in NVIDIA by 10.4% in the first quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock worth $23,329,141,000 after buying an additional 12,575,177 shares during the last quarter. J. Stern & Co. LLP raised its stake in shares of NVIDIA by 13,709.1% in the fourth quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock valued at $23,454,297,000 after buying an additional 124,849,603 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of NVIDIA by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker's stock valued at $16,479,126,000 after buying an additional 555,221 shares during the period. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research reports. Evercore set a $465.00 price target on NVIDIA and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Itau BBA Securities dropped their price objective on shares of NVIDIA from $256.00 to $218.00 in a report on Wednesday, June 24th. KeyCorp reiterated an "overweight" rating and set a $330.00 target price on shares of NVIDIA in a research report on Monday, August 24th. Jefferies Financial Group reiterated a "buy" rating on shares of NVIDIA in a research note on Wednesday, August 26th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $300.00 price target on shares of NVIDIA in a research report on Friday, September 4th. Four investment analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Buy" and a consensus target price of $324.14.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: AI demand remains exceptionally strong. Commentary indicates NVIDIA’s management sees a path to roughly 70% revenue growth in fiscal 2028, well above the approximately 45% previously modeled by analysts. This suggests hyperscaler spending and demand for NVIDIA’s accelerated-computing systems may remain robust for longer than expected. NVIDIA demand growth article
• Positive Sentiment: The Vera Rubin rollout is progressing, with Super Micro Computer reportedly shipping liquid-cooled NVL72 racks for customer deployments. Successful system integration supports NVIDIA’s next-generation sales cycle and reinforces demand for related data-center infrastructure. Vera Rubin shipment article
• Positive Sentiment: Sanford C. Bernstein reaffirmed its “Buy” rating, while other research coverage continues to favor NVIDIA over competing AI-chip stocks because of its faster growth, stronger margins and broader hardware, networking and software ecosystem. NVIDIA versus Marvell analysis
• Neutral Sentiment: NVIDIA’s reported agreement to acquire Hugging Face for nearly $13 billion would expand its access to AI models, developers, datasets and distribution. The strategic benefits could be significant, but the deal’s high price relative to Hugging Face’s reported revenue creates execution and valuation risk. Hugging Face acquisition analysis
• Negative Sentiment: Higher Treasury yields are making expensive technology stocks less attractive and increasing the risk of valuation compression. This macro pressure was the clearest reason for weakness across NVIDIA and other semiconductor shares. Semiconductor stocks and Treasury yields
• Negative Sentiment: Management expects higher memory costs to pressure gross margins, indicating that pricing power is shifting toward memory and optical-networking suppliers. NVIDIA also faces scrutiny from large insider sales, including an approximately $6.8 million Rule 10b5-1 sale by EVP Timothy Teter, although the transaction was prearranged. NVIDIA insider sale

Insider Buying and Selling

In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the transaction, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at $598,810,648. The trade was a 1.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 765,103 shares of the company's stock, valued at $167,595,812.15. The trade was a 4.36% 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. Insiders have sold a total of 1,766,118 shares of company stock worth $399,450,353 in the last ninety days. 3.94% of the stock is owned by insiders.

NVIDIA Stock Performance

NASDAQ NVDA opened at $224.58 on Friday. The company has a fifty day moving average of $216.08 and a 200-day moving average of $205.72. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $236.54. 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 company has a market capitalization of $5.41 trillion, a P/E ratio of 28.39, a P/E/G ratio of 1.77 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $92.27 billion. During the same quarter last year, the firm earned $1.05 EPS. The firm's quarterly revenue was up 105.9% compared to the same quarter last year. As a group, equities research analysts predict that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.4%. NVIDIA's dividend payout ratio is currently 12.64%.

NVIDIA 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.

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