NVIDIA Corporation $NVDA Shares Bought by Allegheny Financial Group

Key Points

• Allegheny Financial Group increased its NVIDIA position by 30.3% in the second quarter, purchasing 3,776 additional shares for a total of 16,255 shares valued at approximately $3.25 million. Institutional investors and hedge funds collectively own 65.27% of NVIDIA.
• NVIDIA reported strong quarterly results, with revenue rising 105.9% year over year to $96.22 billion and EPS of $2.22, exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $324.34, supported by continued AI-chip demand and an optimistic growth outlook.
• Key risks include elevated valuation and significant insider selling: insiders sold 2.59 million shares worth approximately $571 million over the past 90 days, while investors are also monitoring potential antitrust scrutiny of NVIDIA’s Groq licensing arrangement and increasing custom-chip competition.

Allegheny Financial Group raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,255 shares of the computer hardware maker's stock after purchasing an additional 3,776 shares during the quarter. Allegheny Financial Group's holdings in NVIDIA were worth $3,253,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Boyd Wealth Management LLC lifted its stake in NVIDIA by 273.4% in the 2nd quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker's stock valued at $1,830,000 after buying an additional 6,696 shares in the last quarter. Diversified Enterprises LLC boosted its holdings in NVIDIA by 44.2% in the 4th quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker's stock worth $23,798,000 after buying an additional 39,129 shares during the last quarter. Altshuler Shaham Ltd increased its stake in NVIDIA by 6,451.9% during the 1st quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker's stock worth $111,134,000 after buying an additional 627,510 shares in the last quarter. ASR Vermogensbeheer N.V. increased its stake in NVIDIA by 1.8% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker's stock worth $591,086,000 after buying an additional 54,877 shares in the last quarter. Finally, Storen Legacy Partners LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $1,350,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analyst upgrade and growth outlook: Piper Sandler upgraded NVIDIA to “strong buy,” while CEO Jensen Huang reiterated expectations for roughly 70% revenue growth next year and a potential $3 trillion–$4 trillion AI market by 2030. Erste Group also raised its FY2027 EPS estimate to $9.23 from $9.00. NVIDIA analyst upgrade Jensen Huang growth outlook
• Positive Sentiment: Evidence of sustained chip demand: TSMC reported August revenue growth of 53.3% year over year, signaling continued orders for AI accelerators and advanced packaging. The data supports NVIDIA’s view that hyperscaler and enterprise AI infrastructure spending remains strong. TSMC August revenue
• Positive Sentiment: Infrastructure expansion and partnerships: NVIDIA is working with Australian cloud and data-center companies on up to 2 gigawatts of AI-factory capacity by 2027. Its collaborations with Palantir on sovereign AI supply chains and d-Matrix on chip-linking technology further expand the CUDA-based ecosystem and potential future demand. NVIDIA Australia AI infrastructure d-Matrix partnership
• Neutral Sentiment: Valuation remains the central debate: Investors are weighing NVIDIA’s exceptional growth, profitability and AI leadership against a very high market capitalization and the possibility that optimistic forecasts are already reflected in the stock. Analysts continue to compare NVIDIA with Broadcom and AMD as custom silicon competition develops. NVIDIA valuation debate
• Negative Sentiment: Regulatory and sentiment risks: The Justice Department is reportedly examining NVIDIA’s licensing arrangement with Groq for possible antitrust concerns. In addition, insiders have reported substantial selling with no purchases in the past six months, while higher oil prices and Treasury yields have pressured high-growth technology shares. DOJ Groq investigation NVIDIA insider sales

Analysts Set New Price Targets

Several brokerages recently issued reports on NVDA. Melius Research set a $420.00 price objective on shares of NVIDIA in a research note on Thursday, August 27th. Wells Fargo & Company restated an "overweight" rating and set a $315.00 target price on shares of NVIDIA in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of NVIDIA in a research report on Monday, August 31st. Wall Street Zen raised NVIDIA from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 29th. Finally, Craig Hallum lifted their price objective on NVIDIA from $245.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $324.34.

Insider Activity at NVIDIA

In other news, EVP Timothy S. Teter sold 30,000 shares of the company'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 transaction, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at approximately $585,587,360.80. This represents a 1.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of the stock in a transaction dated 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 owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,585,740 shares of company stock worth $571,015,527. 3.94% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NVDA opened at $218.29 on Friday. The stock's 50-day moving average price is $213.29 and its 200 day moving average price is $203.33. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month high of $236.54. The firm has a market cap of $5.26 trillion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.71 and a beta of 2.22. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping 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 company had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. During the same period in the prior year, the business earned $1.05 EPS. The firm's quarterly revenue was up 105.9% on a year-over-year basis. As a group, sell-side analysts expect that NVIDIA Corporation will post 9.12 earnings per share for the current year.

NVIDIA Announces Dividend

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

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 20th that permits the company to buyback $80.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

About NVIDIA

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.

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.