NVIDIA Corporation $NVDA Shares Newly Purchased by FirstWave Capital Management LLC

Key Points

• FirstWave Capital Management initiated a 13,965-share NVIDIA position worth approximately $2.8 million, representing 1.2% of its portfolio. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA reported quarterly EPS of $2.22 and revenue of $96.22 billion, beating analyst estimates, with revenue up 105.9% year over year. The board also authorized a $150 billion share-repurchase program.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $321.47, though competition from custom AI chips and risks among highly leveraged customers such as CoreWeave could pressure NVIDIA’s long-term growth.

FirstWave Capital Management LLC purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,965 shares of the computer hardware maker's stock, valued at approximately $2,794,000. NVIDIA makes up 1.2% of FirstWave Capital Management LLC's portfolio, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Jupiter Topco LLC bought a new stake in shares of NVIDIA during the 2nd quarter worth approximately $16,156,076,000. Van ECK Associates Corp boosted its holdings in shares of NVIDIA by 34.7% in the 2nd quarter. Van ECK Associates Corp now owns 75,849,721 shares of the computer hardware maker's stock valued at $15,176,771,000 after buying an additional 19,522,304 shares during the last quarter. Amundi grew its stake in shares of NVIDIA by 10.4% in the first quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock valued at $23,329,141,000 after buying an additional 12,575,177 shares in the last quarter. Nykredit A S acquired a new position in NVIDIA during the second quarter worth $2,315,956,000. Finally, SEB Asset Management AB acquired a new position in NVIDIA during the first quarter worth $1,692,807,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 1.4%

Shares of NVIDIA stock opened at $217.09 on Tuesday. The firm's 50-day moving average price is $223.19 and its two-hundred day moving average price is $211.72. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month high of $243.37. 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 has a market capitalization of $5.23 trillion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.65 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion for 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%. The firm's revenue for the quarter was up 105.9% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. On average, analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has authorized a stock repurchase program on Monday, September 28th that allows the company to buy back $150.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Share repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA's dividend payout ratio is 12.64%.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 622,239 shares of the stock in a transaction that occurred 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 owned 2,336,531 shares of the company's stock, valued at $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 is available at this link. Also, CFO Colette Kress sold 34,918 shares of the business's stock in a transaction dated 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 owned 765,103 shares in the company, valued at approximately $167,595,812.15. This trade represents a 4.36% 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. In the last three months, insiders have sold 1,766,118 shares of company stock valued at $399,450,353. 3.94% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research analyst reports. Piper Sandler assumed coverage on shares of NVIDIA in a report on Wednesday, September 9th. They issued an "overweight" rating and a $300.00 target price on the stock. Truist Financial raised their target price on shares of NVIDIA from $307.00 to $346.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of NVIDIA in a report on Monday, August 31st. Mizuho set a $315.00 price target on NVIDIA and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Finally, BNP Paribas Exane restated an "outperform" rating and issued a $345.00 price objective on shares of NVIDIA in a research note on Monday, October 5th. Five 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. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $321.47.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA announced a record 104-qubit fault-tolerant quantum-computing simulation on Europe’s JUPITER supercomputer. The project used NVIDIA GH200 GPUs, cuQuantum and CUDA-Q software, and validated an approach that could require 90% fewer physical qubits. While not an immediate revenue driver, the announcement reinforces NVIDIA’s position in accelerated computing and expands potential applications in drug discovery, finance and materials science. NVIDIA quantum-computing simulation
• Positive Sentiment: The broader AI trade rebounded, with institutional investors reportedly reducing bearish positions in semiconductor-related instruments. Continued hyperscaler spending on data centers and AI infrastructure remains a key support for NVIDIA’s growth outlook. Chip stocks and institutional buying
• Positive Sentiment: Additional growth initiatives included new open-weight AI models for enterprise and PC agents, reported cooperation with Samsung and TSMC on next-generation HBM technology, and a collaboration with SpaceX on AI computing systems for space. NVIDIA also reportedly won AI startup Modal for new central processors. NVIDIA open AI models
• Neutral Sentiment: Analysts and investors continue debating valuation. Optimistic views point to rapid earnings growth, strong margins and a reported $235 billion buyback authorization, while other commentary argues that the stock already reflects substantial future AI expansion. NVIDIA buyback analysis
• Negative Sentiment: Amazon’s effort to make its Trainium chips compatible with existing PyTorch code could weaken NVIDIA’s CUDA ecosystem advantage. More broadly, hyperscalers are developing custom AI chips, potentially pressuring NVIDIA’s pricing power and market share over time. Amazon AI chips challenge NVIDIA
• Negative Sentiment: CoreWeave’s declining stock, heavy debt load and sensitivity to higher interest rates remain risks because it is both a major NVIDIA customer and an NVIDIA-backed company. Any slowdown among highly leveraged AI infrastructure providers could raise concerns about the sustainability of industry spending. CoreWeave risks to NVIDIA

NVIDIA Company Profile

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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