Legacy Advisors LLC Buys 17,463 Shares of NVIDIA Corporation $NVDA

Legacy Advisors LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 74,563 shares of the computer hardware maker's stock after acquiring an additional 17,463 shares during the period. NVIDIA makes up 1.4% of Legacy Advisors LLC's investment portfolio, making the stock its 14th biggest position. Legacy Advisors LLC's holdings in NVIDIA were worth $14,919,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. J. Stern & Co. LLP increased its position in shares of NVIDIA by 13,709.1% during the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock valued at $23,454,297,000 after purchasing an additional 124,849,603 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in NVIDIA in the 4th quarter worth approximately $2,635,969,000. Amundi boosted its stake in NVIDIA by 10.4% in the first quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock worth $23,329,141,000 after buying an additional 12,575,177 shares in the last quarter. SEB Asset Management AB purchased a new stake in NVIDIA in the first quarter worth approximately $1,692,807,000. Finally, Employees Provident Fund Board bought a new position in NVIDIA during the fourth quarter valued at approximately $1,243,336,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 622,239 shares of the company's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the transaction, the director directly owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy S. Teter sold 30,000 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $217.88, for a total transaction of $6,536,400.00. Following the completion of the sale, the executive vice president owned 2,687,660 shares of the company's stock, valued at $585,587,360.80. This trade represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,700,740 shares of company stock worth $385,015,077 over the last three months. Insiders own 3.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NVDA shares. Rothschild & Co Redburn upped their price objective on shares of NVIDIA from $300.00 to $325.00 in a research note on Thursday, August 27th. Piper Sandler assumed coverage on shares of NVIDIA in a research note on Wednesday, September 9th. They issued an "overweight" rating and a $300.00 price target for the company. Morgan Stanley set a $300.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a research report on Thursday, August 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $350.00 price objective on shares of NVIDIA in a research note on Monday, August 24th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of NVIDIA in a report on Thursday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $324.34.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: CEO Jensen Huang said NVIDIA expects to sell roughly twice as many chips next year, reinforcing the view that hyperscaler and enterprise AI demand is not slowing. The comments directly counter concerns that the AI investment cycle is approaching a peak. Jensen Huang says Nvidia will sell twice as many chips next year
• Positive Sentiment: Customer and ecosystem activity provided additional validation: CoreWeave deployed multi-rack NVIDIA Vera Rubin clusters, while ASUS and Poesis demonstrated autonomous trading agents running locally on NVIDIA-powered systems. These developments expand demand beyond traditional model training into cloud computing, enterprise AI and agentic applications. CoreWeave Boosts Agentic AI With Multi-Rack NVIDIA Vera Rubin Clusters
• Positive Sentiment: NVIDIA’s work with IonQ and Oak Ridge National Laboratory showed generative AI reducing quantum-circuit compilation time from about 11 minutes to 28 seconds. The project highlights CUDA-Q and NVIDIA GPUs as an infrastructure layer for future hybrid quantum-classical computing. IonQ and NVIDIA Just Cracked a Major Quantum Computing Bottleneck
• Positive Sentiment: Reports that Apple is discussing NVIDIA high-speed networking for potential M8 Ultra-based servers suggest NVIDIA can benefit even when customers develop their own AI processors. This supports the company’s strategy of monetizing networking and data-center connectivity in addition to GPUs. Apple Is Quietly Building an AI Advantage Few Expected
• Neutral Sentiment: Shares also benefited from a broader semiconductor and Nasdaq rebound, with AMD and Broadcom among the stronger chip-sector performers. This improves near-term sentiment but is less specific to NVIDIA’s fundamentals. AMD Jumps as Semiconductor Rebound Reaches a Third Session
• Negative Sentiment: Huawei plans to launch two Ascend 960 AI chips in 2027, signaling intensifying competition and potential geopolitical pressure in China. Investors are also monitoring rising memory costs, which could weigh on NVIDIA’s gross margins as demand scales. Huawei Sets 2027 AI Chip Launches to Challenge Nvidia

NVIDIA Price Performance

Shares of NVIDIA stock opened at $219.34 on Friday. The firm has a market cap of $5.29 trillion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.68 and a beta of 2.22. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month high of $236.54. 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's fifty day simple moving average is $214.43 and its two-hundred day simple moving average is $204.16.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. NVIDIA's revenue for the quarter was up 105.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. As a group, equities analysts expect that NVIDIA Corporation will post 9.12 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA's payout ratio is 12.64%.

NVIDIA Company Profile

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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