9,527 NVIDIA Corporation $NVDA Shares Bought by North Dakota State Investment Board

Key Points

• North Dakota State Investment Board increased its NVIDIA stake by 1.4%, buying 9,527 shares to own 687,707 shares valued at approximately $137.6 million. NVIDIA represents 5.6% of the board’s portfolio, while institutional investors collectively own 65.27% of the stock.
• NVIDIA exceeded quarterly expectations with earnings of $2.22 per share versus the $2.09 consensus and revenue of $96.22 billion, up 105.9% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $324.14.
• Despite bullish analyst sentiment, NVIDIA insiders sold 1.77 million shares worth about $399.5 million over the past three months. The company also declared a quarterly dividend of $0.25 per share, representing a 0.4% annualized yield.

North Dakota State Investment Board raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 687,707 shares of the computer hardware maker's stock after purchasing an additional 9,527 shares during the period. NVIDIA accounts for about 5.6% of North Dakota State Investment Board's holdings, making the stock its 2nd biggest position. North Dakota State Investment Board's holdings in NVIDIA were worth $137,603,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NVDA. Lifetime Wealth Management P.C. purchased a new position in NVIDIA during the 4th quarter valued at about $26,000. Longview Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the 1st quarter valued at $27,000. Phillip James Consulting Co. bought a new stake in NVIDIA during the first quarter worth about $40,000. Frankly Finances LLC purchased a new stake in NVIDIA in the second quarter worth approximately $60,000. Finally, Horrell Capital Management Inc. grew its holdings in shares of NVIDIA by 38.1% during the 4th quarter. Horrell Capital Management Inc. now owns 373 shares of the computer hardware maker's stock valued at $70,000 after purchasing an additional 103 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Down 0.4%

NVIDIA stock opened at $224.58 on Friday. The business has a 50-day simple moving average of $216.08 and a two-hundred day simple moving average of $205.72. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The company has a market cap 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 Corporation has a 52-week low of $164.27 and a 52-week high of $236.54.

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 for the quarter, topping the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company's quarterly revenue was up 105.9% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share. Analysts predict that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA Announces Dividend

The company 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's dividend payout ratio is currently 12.64%.

Analysts Set New Price Targets

Several research firms recently issued reports on NVDA. Wedbush raised their price target on NVIDIA from $330.00 to $345.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Rosenblatt Securities reissued a "buy" rating and issued a $390.00 price target on shares of NVIDIA in a research note on Friday, September 4th. Royal Bank Of Canada raised their price objective on NVIDIA from $300.00 to $330.00 and gave the company an "outperform" rating in a research report on Thursday, August 27th. Wall Street Zen raised NVIDIA from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 29th. Finally, Rothschild & Co Redburn upped their price target on shares of NVIDIA from $300.00 to $325.00 in a research note on Thursday, August 27th. Four equities research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $324.14.

Insider Transactions at NVIDIA

In other news, Director Mark Stevens sold 622,239 shares of the firm's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the sale, the director directly owned 2,336,531 shares in the company, valued at $541,187,310.22. This trade represents a 21.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the sale, the chief financial officer directly owned 765,103 shares in the company, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,766,118 shares of company stock valued at $399,450,353 over the last three months. Corporate insiders own 3.94% of the company's stock.

More NVIDIA News

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

About NVIDIA

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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