Northside Capital Management LLC Boosts Position in NVIDIA Corporation $NVDA

Key Points

• Northside Capital Management increased its NVIDIA position by 16.7% in the second quarter, adding 6,770 shares to hold 47,367 shares valued at approximately $9.48 million. Hedge funds and institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA reported quarterly EPS of $1.87, exceeding the $1.76 consensus estimate, while revenue rose 85.2% year over year to $81.61 billion. The company also authorized an $80 billion share-buyback program.
• Analyst sentiment remains strongly positive, with NVIDIA carrying a consensus “Buy” rating and an average price target of $308.01, although insiders sold roughly $410.6 million of stock over the past three months.

Northside Capital Management LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 16.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,367 shares of the computer hardware maker's stock after acquiring an additional 6,770 shares during the quarter. Northside Capital Management LLC's holdings in NVIDIA were worth $9,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Lifetime Wealth Management P.C. purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $26,000. Longview Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the 1st quarter worth approximately $27,000. Longfellow Investment Management Co. LLC raised its position in shares of 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 buying an additional 67 shares during the period. Phillip James Consulting Co. purchased a new stake in shares of NVIDIA during the 1st quarter valued at approximately $40,000. Finally, Spurstone Advisory Services LLC acquired a new position in NVIDIA in the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 1.0%

Shares of NASDAQ NVDA opened at $214.75 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 stock has a market capitalization of $5.20 trillion, a PE ratio of 32.89, a PEG ratio of 0.43 and a beta of 2.23. NVIDIA Corporation has a twelve month low of $164.07 and a twelve month high of $236.54. The stock has a fifty day simple moving average of $207.47 and a 200-day simple moving average of $199.52.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm had revenue of $81.61 billion for the quarter, compared to analyst estimates of $78.42 billion. During the same quarter in the prior year, the company earned $0.81 EPS. NVIDIA's revenue was up 85.2% on a year-over-year basis. On average, equities analysts forecast that NVIDIA Corporation will post 8.8 earnings per share for the current year.

NVIDIA announced that its board has initiated a share buyback program on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 625 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the sale, the director owned 14,163 shares of the company's stock, valued at approximately $3,030,882. This represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the transaction, the director directly owned 116,135 shares of the company's stock, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,901,125 shares of company stock valued at $410,583,015 in the last three months. 3.94% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NVDA has been the subject of several analyst reports. Wall Street Zen lowered NVIDIA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 4th. Stifel Nicolaus set a $282.00 target price on NVIDIA and gave the company a "buy" rating in a research report on Thursday, May 21st. Truist Financial upped their price target on NVIDIA from $287.00 to $307.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Wells Fargo & Company reiterated an "overweight" rating and set a $315.00 price target on shares of NVIDIA in a report on Tuesday, August 11th. Finally, CICC Research raised their price objective on NVIDIA from $240.60 to $268.30 and gave the stock an "outperform" rating in a research report on Friday, May 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, NVIDIA presently has an average rating of "Buy" and an average target price of $308.01.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA is reportedly in advanced talks to invest several hundred million dollars in Cloverleaf Infrastructure, a developer of U.S. data-center power and infrastructure. The move could help address the electricity bottleneck limiting AI capacity while strengthening NVIDIA’s role in projects that use its systems. Nvidia in Talks to Invest in Data-Center Power Developer Cloverleaf Infrastructure
• Positive Sentiment: Analyst support remains strong before earnings. BMO named NVIDIA its top semiconductor pick with a $340 price target, while Jefferies reportedly expects revenue to exceed consensus by roughly $3 billion. Consensus forecasts call for approximately $91 billion of quarterly revenue, supported by Blackwell and broader AI infrastructure demand. Nvidia stock dubbed top pick ahead of Q2 earnings
• Positive Sentiment: Reports that SpaceX is standardizing its AI infrastructure on NVIDIA chips reinforce the company’s competitive position and could support demand for its next-generation Vera Rubin platform. NVIDIA is also exploring a potential partnership or acquisition involving South Korean AI-chip designer Rebellions, indicating continued investment in its AI ecosystem. NVIDIA Could Snap up Korean AI Chip Startup Rebellions
• Neutral Sentiment: NVIDIA’s proposed investment in Cloverleaf follows other efforts to finance AI infrastructure and convert future GPU capacity into a financeable asset. The strategy could accelerate deployments, but it also exposes NVIDIA to capital-allocation and customer-financing risks. Nvidia Makes Another Bet on the AI Power Bottleneck
• Negative Sentiment: Investors are weighing possible competitive and product risks. NVIDIA is reportedly testing Rubin Ultra configurations with less high-bandwidth memory than originally planned, while Microsoft is preparing its own Maia 300 AI chip. These developments could raise questions about performance, supply availability and long-term customer diversification. NVIDIA and AMD: Rubin Ultra memory reports
• Negative Sentiment: NVIDIA denied a report that it plans small-batch shipments of a China-specific AI chip by year-end, removing a potential near-term catalyst. Analysts also say any renewed China H200 sales may have only a limited effect on revenue. Nvidia to ship AI chip for China by year-end
• Negative Sentiment: Higher Treasury yields and warnings from investors such as Michael Burry that AI data-center financing may be excessive are adding valuation pressure ahead of a high-expectation earnings event.

About NVIDIA

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.

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