Harborfront Financial Group LLC Buys New Shares in NVIDIA Corporation $NVDA

Key Points

• Harborfront Financial Group purchased 3,191 NVIDIA shares worth approximately $639,000, making the stock 2.4% of its portfolio. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA reported quarterly revenue of $96.22 billion and earnings of $2.22 per share, surpassing analyst estimates, while revenue more than doubled year over year. The company also authorized a $150 billion share-buyback program.
• Wall Street remains bullish, with a consensus “Buy” rating and an average price target of $324.14, though investor concerns include insider selling, potential AI overinvestment, financing risks and competition from China’s Huawei.

Harborfront Financial Group LLC purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,191 shares of the computer hardware maker's stock, valued at approximately $639,000. NVIDIA accounts for 2.4% of Harborfront Financial Group LLC's portfolio, making the stock its 10th biggest holding.

Several other hedge funds have also made changes to their positions in NVDA. Meeder Asset Management Inc. increased its holdings in shares of NVIDIA by 3.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 678,626 shares of the computer hardware maker's stock valued at $135,786,000 after acquiring an additional 23,030 shares during the last quarter. Pension & Wealth Management Advisors Inc. grew its holdings in NVIDIA by 12.7% during the second quarter. Pension & Wealth Management Advisors Inc. now owns 21,362 shares of the computer hardware maker's stock valued at $4,274,000 after purchasing an additional 2,399 shares during the last quarter. Graney & King LLC grew its holdings in NVIDIA by 12.1% during the second quarter. Graney & King LLC now owns 5,462 shares of the computer hardware maker's stock valued at $1,093,000 after purchasing an additional 588 shares during the last quarter. Pzena Investment Management LLC bought a new position in shares of NVIDIA in the second quarter valued at approximately $289,000. Finally, Citizens Financial Group Inc. RI raised its position in shares of NVIDIA by 0.6% in the second quarter. Citizens Financial Group Inc. RI now owns 1,655,059 shares of the computer hardware maker's stock valued at $331,161,000 after purchasing an additional 9,373 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $230.86 on Friday. The company's fifty day moving average is $218.20 and its two-hundred day moving average is $207.30. 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 current ratio of 4.59 and a quick ratio of 3.85. The firm has a market capitalization of $5.56 trillion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 1.76 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The firm's revenue for the quarter was up 105.9% on a year-over-year basis. Equities research analysts forecast that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA declared that its board has approved a stock buyback 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 reacquire 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 shares are undervalued.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.4%. NVIDIA's dividend payout ratio is 12.64%.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Barclays raised its estimate for NVIDIA’s 2027 hyperscaler revenue to approximately $401 billion, above its prior $370 billion forecast. The estimate reflects accelerating data-center investment by major cloud providers. Nvidia stock gains as Barclays sees $401B hyperscaler revenue in 2027
• Positive Sentiment: NVIDIA authorized an additional $150 billion share repurchase, bringing total buyback capacity to $235 billion through 2028. The move signals management confidence in future cash generation and could support earnings per share. Nvidia authorizes $150B buyback
• Positive Sentiment: Analysts remain constructive: Cantor Fitzgerald reaffirmed an overweight rating with a $350 price target, while other coverage highlights NVIDIA’s strong earnings prospects, rising cash flow and demand for its Vera Rubin platform. 2 Growth Stocks With Strong Earnings Prospects to Buy in October
• Positive Sentiment: New ecosystem activity, including NVIDIA’s participation in GMI Cloud’s $668 million financing and expanded digital-twin and AI-safety initiatives, reinforces demand for its full-stack AI platform.
• Neutral Sentiment: The stock is nearing its all-time high, making upcoming hyperscaler capital-expenditure updates and future earnings results important catalysts for sustaining momentum. Nvidia stock approaches record territory
• Negative Sentiment: Investors are debating NVIDIA’s financing arrangements for AI customers, which critics describe as potentially circular. Concerns about customer credit quality and overinvestment could increase volatility if AI infrastructure spending slows. Nvidia’s bet that its chips can finance the AI boom
• Negative Sentiment: China’s efforts to develop software for Huawei’s competing AI chips and the broader risk of hyperscaler CapEx fatigue remain longer-term threats to NVIDIA’s market share and valuation.

Insiders Place Their Bets

In other NVIDIA news, Director Mark Stevens sold 622,239 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the sale, the director owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction that occurred on Thursday, September 17th. The stock was 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 $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. In the last quarter, insiders sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NVDA shares. Morgan Stanley set a $300.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a report on Thursday, August 27th. KeyCorp reissued an "overweight" rating and set a $330.00 target price on shares of NVIDIA in a research report on Monday, August 24th. Rosenblatt Securities restated a "buy" rating and set a $390.00 price target on shares of NVIDIA in a report on Tuesday. Melius Research set a $420.00 price target on NVIDIA in a research report on Thursday, August 27th. Finally, Raymond James Financial set a $515.00 price objective on NVIDIA and gave the stock a "strong-buy" rating in a research note on Thursday, August 27th. Four investment analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $324.14.

About NVIDIA

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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