Fulcrum Asset Management LLP Sells 64,683 Shares of NVIDIA Corporation $NVDA

Key Points

• Fulcrum Asset Management reduced its NVIDIA stake by 21.8%, selling 64,683 shares and retaining 232,336 shares valued at approximately $45.3 million. NVIDIA remains the fund’s largest holding, representing 4.5% of its portfolio.
• Institutional ownership remains substantial at 65.27%, with several investors increasing their positions during the second quarter, including Empowered Funds, which added 313,966 shares.
• NVIDIA reported better-than-expected quarterly results, including $96.22 billion in revenue and $2.22 in EPS, while analysts maintain a consensus “Buy” rating. Growth prospects from AI infrastructure and networking remain strong, though China market-share losses, customer-built chips and elevated valuation present risks.

Fulcrum Asset Management LLP cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 21.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,336 shares of the computer hardware maker's stock after selling 64,683 shares during the period. NVIDIA makes up 4.5% of Fulcrum Asset Management LLP's holdings, making the stock its biggest holding. Fulcrum Asset Management LLP's holdings in NVIDIA were worth $45,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in NVDA. Liontrust Investment Partners LLP grew its holdings in shares of NVIDIA by 7.6% in the second quarter. Liontrust Investment Partners LLP now owns 655,849 shares of the computer hardware maker's stock valued at $131,229,000 after purchasing an additional 46,063 shares in the last quarter. Concorde Asset Management LLC lifted its holdings in NVIDIA by 1.2% during the 2nd quarter. Concorde Asset Management LLC now owns 28,861 shares of the computer hardware maker's stock worth $5,775,000 after buying an additional 347 shares in the last quarter. Maxele Advisors LLC acquired a new stake in NVIDIA during the 2nd quarter worth approximately $6,858,000. SwitchPoint Financial Planning LLC lifted its holdings in NVIDIA by 10.8% during the 2nd quarter. SwitchPoint Financial Planning LLC now owns 6,915 shares of the computer hardware maker's stock worth $1,384,000 after buying an additional 673 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in NVIDIA by 11.6% in the 2nd quarter. Empowered Funds LLC now owns 3,016,930 shares of the computer hardware maker's stock valued at $603,658,000 after buying an additional 313,966 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Vera Rubin and AI infrastructure momentum: NVIDIA has begun production of its next-generation Vera Rubin platform, which could support another major growth cycle as hyperscalers increase AI capital spending. Analysts see substantial upside if the ramp proceeds smoothly. NVIDIA Begins Vera Rubin Production
• Positive Sentiment: Networking expansion: NVIDIA and Cisco announced a planned 400Gb/s-per-lane Ultra-Dense Small Form Factor Pluggable optical module. The technology is designed to increase AI-factory bandwidth, improve power efficiency and strengthen NVIDIA’s position across the broader data-center stack. NVIDIA and Cisco Announce USFP
• Positive Sentiment: Additional demand and strategic investments: Scaleway plans an NVIDIA-powered computing site in Copenhagen, while NVIDIA is reportedly considering a minority investment in French healthcare platform Doctolib. Investors are also highlighting NVIDIA’s exceptional profit margins, large buyback authorization and potential software exposure through investments in AI companies.
• Neutral Sentiment: New ecosystem opportunities: NVIDIA-backed AI infrastructure partners, including Navitas, Bitdeer and oil-and-gas customers, continue developing NVIDIA-based systems. These announcements reinforce demand but may take time to produce material revenue for NVIDIA.
• Negative Sentiment: China market-share erosion: IDC reportedly estimates NVIDIA’s share of China’s AI-chip market has fallen to 34% as Huawei gains ground. Export restrictions and the possibility of permanently lower China data-center sales remain significant overhangs. NVIDIA China AI Chip Market Share Falls
• Negative Sentiment: Customer competition is increasing: Microsoft is preparing to rely more heavily on its own Maia chips for AI inference, raising concerns that custom silicon could reduce demand for NVIDIA GPUs among major cloud customers. Intel’s new inference-focused GPU also targets cost- and power-conscious buyers.
• Negative Sentiment: Valuation and funding concerns: Recent semiconductor weakness, profit-taking and warnings about an AI spending bubble have pressured the group. Firmus’s canceled IPO may signal tighter financing conditions for AI data-center projects, while elevated valuation expectations leave NVIDIA vulnerable if hyperscaler spending or product execution disappoints.

NVIDIA Price Performance

NVDA stock opened at $228.52 on Wednesday. The stock has a market cap of $5.51 trillion, a price-to-earnings ratio of 28.89, a PEG ratio of 1.75 and a beta of 2.22. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. The business has a 50 day moving average price of $223.39 and a 200 day moving average price of $210.37.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The firm 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 revenue was up 105.9% on a year-over-year basis. During the same period last year, the firm posted $1.05 EPS. Equities research analysts anticipate that NVIDIA Corporation will post 9.25 earnings per share for the current fiscal year.

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 issued 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 declared that its Board of Directors has initiated a stock buyback plan on Monday, September 28th that authorizes the company to buy back $150.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have commented on NVDA. Royal Bank Of Canada boosted their price target on shares of NVIDIA from $300.00 to $330.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Melius Research set a $420.00 price objective on NVIDIA in a research report on Thursday, August 27th. JPMorgan Chase & Co. increased their price objective on NVIDIA from $280.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. Rothschild & Co Redburn lifted their target price on NVIDIA from $300.00 to $325.00 in a report on Thursday, August 27th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $300.00 target price on shares of NVIDIA in a report on Friday, September 4th. Five analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $321.89.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction on 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 transaction, 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. The sale was disclosed in a legal 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 company's stock in a transaction 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 completion of the sale, the executive vice president owned 2,687,660 shares of the company's stock, valued at approximately $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. Insiders own 3.94% of the company's stock.

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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