Burney Co. Grows Holdings in NVIDIA Corporation $NVDA

Key Points

• Burney Co. increased its NVIDIA stake by 17.6% in the second quarter, adding 61,078 shares for a total of 408,265 shares valued at approximately $81.7 million. NVIDIA now represents about 2.2% of the fund’s portfolio.
• NVIDIA reported quarterly revenue of $96.22 billion, up 105.9% year over year, and EPS of $2.22, exceeding analyst expectations. The company also authorized an $80 billion share-repurchase program and announced a quarterly dividend of $0.25 per share.
• Institutional investors own 65.27% of NVIDIA, while insiders sold roughly 1.9 million shares worth $410.4 million over the past quarter. Analysts maintain a “Moderate Buy” consensus with an average price target of $322.61, though investors are monitoring margin pressure, China-related uncertainty and AI infrastructure execution risks.

Burney Co. grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 408,265 shares of the computer hardware maker's stock after buying an additional 61,078 shares during the quarter. NVIDIA accounts for about 2.2% of Burney Co.'s holdings, making the stock its 6th biggest position. Burney Co.'s holdings in NVIDIA were worth $81,690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lifetime Wealth Management P.C. bought a new position in NVIDIA in the 4th quarter worth approximately $26,000. Longview Financial Advisors Inc. bought a new stake in NVIDIA during the 1st quarter valued at $27,000. Longfellow Investment Management Co. LLC raised its holdings in NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after acquiring an additional 67 shares during the period. Phillip James Consulting Co. purchased a new stake in shares of NVIDIA during the first quarter worth $40,000. Finally, Inspire Investing LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth $44,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Up 8.7%

Shares of NASDAQ NVDA opened at $227.98 on Friday. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average of $207.95 and a 200-day moving average of $200.66. The firm has a market capitalization of $5.52 trillion, a price-to-earnings ratio of 28.82, a PEG ratio of 0.41 and a beta of 2.23. NVIDIA Corporation has a 12 month low of $164.07 and a 12 month high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (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 107.00%. The business had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. During the same period in the previous year, the business posted $1.05 earnings per share. NVIDIA's revenue for the quarter was up 105.9% on a year-over-year basis. Sell-side analysts expect that NVIDIA Corporation will post 8.8 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

NVIDIA Announces Dividend

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 given a $0.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.4%. NVIDIA's payout ratio is 15.31%.

Insider Buying and Selling at NVIDIA

In related news, Director Stephen C. Neal sold 15,500 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the transaction, the director directly owned 116,135 shares of the company's stock, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 885,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the transaction, the director owned 5,207,271 shares in the company, valued at $1,094,412,146.07. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,900,500 shares of company stock valued at $410,449,265 over the last quarter. 3.94% of the stock is owned by company insiders.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Record results exceeded expectations: Fiscal Q2 revenue reached $96.2 billion, up 106% year over year, while Data Center revenue rose 117% to $89.0 billion. Non-GAAP EPS was $2.22 versus the $2.09 consensus, and gross margin remained 75%. NVIDIA Announces Financial Results for Second Quarter Fiscal 2027
• Positive Sentiment: Guidance reinforced the AI growth story: NVIDIA forecast approximately $108 billion in fiscal Q3 revenue and indicated that fiscal 2028 revenue could grow about 70%, well above prior Wall Street expectations. Management said demand is exceeding available supply across memory, packaging, power and computing capacity. Nvidia rises after signaling longer AI spending runway
• Positive Sentiment: Customer commitments and product expansion support visibility: AWS plans to add two million NVIDIA GPUs, while the Vera Rubin platform is entering full production. The company also announced financing partnerships intended to mobilize more than $500 billion for AI infrastructure. NVIDIA quarterly results
• Positive Sentiment: Analysts raised their targets: JPMorgan lifted its target to $320, RBC to $330, and other firms set targets as high as $345-$352, citing NVIDIA’s growth, margins and CUDA ecosystem. What Wall Street is saying about NVIDIA
• Neutral Sentiment: NVIDIA is reportedly pursuing a roughly $12.9 billion acquisition of open-source AI platform Hugging Face, which could broaden its software ecosystem but remains unconfirmed and may carry integration and valuation risks. Nvidia agrees to buy Hugging Face, report says
• Negative Sentiment: Investors are monitoring profitability and execution risks: Fiscal Q3 gross-margin guidance of 74% is below the latest quarter, reflecting higher memory and infrastructure costs. NVIDIA also excludes China Data Center compute revenue from its outlook. NVIDIA earnings call puts supply limits at center of outlook
• Negative Sentiment: The company paused some revenue-sharing and financing arrangements with AI cloud firms, raising questions about customer funding, circular financing concerns and the sustainability of AI returns. Nvidia pauses revenue-sharing deals

Wall Street Analyst Weigh In

NVDA has been the subject of several recent research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of NVIDIA in a research report on Wednesday, July 8th. Evercore set a $465.00 target price on NVIDIA and gave the stock an "outperform" rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on NVIDIA from $280.00 to $320.00 and gave the company an "overweight" rating in a report on Thursday. Itau BBA Securities decreased their price target on NVIDIA from $256.00 to $218.00 in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $300.00 price target on shares of NVIDIA in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $322.61.

NVIDIA Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source