7,553 NVIDIA Corporation $NVDA Shares Sold by Somerville Kurt F

Key Points

• Somerville Kurt F reduced its NVIDIA position by 6.1%, selling 7,553 shares and retaining 117,234 shares valued at approximately $23.5 million. Institutional investors overall own 65.27% of NVIDIA, with other funds making both purchases and sales.
• NVIDIA insiders sold 1.77 million shares worth about $399.5 million over the past 90 days, including CFO Colette Kress and EVP Timothy Teter through pre-arranged Rule 10b5-1 plans.
• NVIDIA reported better-than-expected quarterly results, with $96.22 billion in revenue and $2.22 in EPS, while announcing a $150 billion share-repurchase authorization. Analysts maintain a “Buy” consensus with an average price target of $320.71.

Somerville Kurt F decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 117,234 shares of the computer hardware maker's stock after selling 7,553 shares during the quarter. NVIDIA makes up 5.6% of Somerville Kurt F's portfolio, making the stock its 3rd biggest holding. Somerville Kurt F's holdings in NVIDIA were worth $23,457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA. Boyd Wealth Management LLC increased its holdings in NVIDIA by 273.4% in the 2nd quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker's stock worth $1,830,000 after acquiring an additional 6,696 shares in the last quarter. Altshuler Shaham Ltd boosted its position in shares of NVIDIA by 6,451.9% during the first quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker's stock worth $111,134,000 after acquiring an additional 627,510 shares during the last quarter. Storen Legacy Partners LLC bought a new position in shares of NVIDIA during the 4th quarter valued at about $1,350,000. Baker Tilly Wealth Management LLC boosted its stake in NVIDIA by 7.4% during the second quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker's stock valued at $14,386,000 after buying an additional 4,958 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of NVIDIA by 3.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,652,420 shares of the computer hardware maker's stock valued at $4,970,704,000 after acquiring an additional 936,506 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

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.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Morgan Stanley named NVIDIA its top semiconductor pick, maintaining an Overweight rating and setting a $300 price target. The firm believes NVIDIA’s software ecosystem, scale and positioning across AI infrastructure trends give it a durable competitive moat. Morgan Stanley names NVIDIA a top pick
• Positive Sentiment: NVIDIA’s recently announced $150 billion buyback authorization lifts total remaining repurchase capacity to approximately $235 billion. Investors view the plan as a sign of management confidence and a potential source of per-share earnings support. NVIDIA buyback analysis
• Positive Sentiment: Analysts continue to raise expectations for hyperscaler spending, with Barclays estimating NVIDIA could generate $401 billion in hyperscaler revenue in 2027. CoreWeave’s launch of the Vera Rubin platform and additional enterprise customers also supports demand for NVIDIA’s next-generation systems. Barclays hyperscaler revenue estimate
• Neutral Sentiment: The broader semiconductor and technology complex is attracting buying interest as AI investment remains a major market leadership theme. However, NVIDIA’s valuation and substantial market concentration leave the stock sensitive to interest rates, economic data and shifts in institutional positioning.
• Negative Sentiment: Investors are monitoring reports that Amazon may move roughly $8 billion of NVIDIA chips off its balance sheet through leasing or financing structures. While this could improve customer flexibility, it adds scrutiny around AI infrastructure financing and so-called circular transactions. Amazon NVIDIA chip balance-sheet report
• Negative Sentiment: Export-control concerns remain a headline risk after prosecutors alleged a California man helped smuggle approximately $300 million of NVIDIA chips to China. Separately, Michael Burry warned that GPU depreciation could undermine the economics of the AI infrastructure boom, while Alphabet’s growing use of internally designed chips represents a longer-term competitive threat. NVIDIA chip smuggling prosecution

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NVDA. Itau BBA Securities reduced their price target on shares of NVIDIA from $256.00 to $218.00 in a research report on Wednesday, June 24th. Daiwa Securities Group dropped their price objective on shares of NVIDIA from $255.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, September 17th. Wedbush boosted their target price on shares of NVIDIA from $330.00 to $345.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Wells Fargo & Company set a $210.00 target price on shares of NVIDIA in a research report on Friday. Finally, Stifel Nicolaus set a $315.00 price target on NVIDIA in a research report on Thursday, August 27th. Four research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, NVIDIA has an average rating of "Buy" and an average target price of $320.71.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $233.95 on Monday. The firm's 50 day simple moving average is $218.74 and its 200-day simple moving average is $207.65. The firm has a market cap of $5.64 trillion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 1.81 and a beta of 2.22. NVIDIA Corporation has a one year low of $164.27 and a one year high of $237.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59.

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

NVIDIA announced that its Board of Directors has authorized a share repurchase 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 repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is 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%.

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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