NVIDIA Corporation $NVDA Shares Sold by Biondo Investment Advisors LLC

Key Points

• Biondo Investment Advisors cut its NVIDIA position by 19.3% in the second quarter, selling 57,434 shares and retaining 239,946 shares worth approximately $48 million. NVIDIA remains the firm’s third-largest holding at 5.9% of its portfolio.
• NVIDIA reported quarterly earnings of $2.22 per share and revenue of $96.22 billion, exceeding analyst estimates, while revenue increased 105.9% year over year. The company also approved a $150 billion share-repurchase program.
• Wall Street remains broadly bullish, with an average “Buy” rating and a $321.89 price target; however, company insiders have sold roughly $399.5 million worth of shares over the past 90 days.

Biondo Investment Advisors LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 19.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 239,946 shares of the computer hardware maker's stock after selling 57,434 shares during the period. NVIDIA comprises 5.9% of Biondo Investment Advisors LLC's portfolio, making the stock its 3rd largest position. Biondo Investment Advisors LLC's holdings in NVIDIA were worth $48,011,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NVDA. Boyd Wealth Management LLC raised its holdings in NVIDIA by 273.4% during the 2nd quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker's stock worth $1,830,000 after buying an additional 6,696 shares during the period. Altshuler Shaham Ltd increased its position in shares of NVIDIA by 6,451.9% in the first quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker's stock worth $111,134,000 after acquiring an additional 627,510 shares in the last quarter. Storen Legacy Partners LLC purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $1,350,000. Baker Tilly Wealth Management LLC raised its holdings in shares of NVIDIA by 7.4% during the second quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker's stock valued at $14,386,000 after acquiring an additional 4,958 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of NVIDIA by 3.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,652,420 shares of the computer hardware maker's stock valued at $4,970,704,000 after acquiring an additional 936,506 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $230.48 on Friday. The business's 50-day moving average price is $222.09 and its two-hundred day moving average price is $209.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. NVIDIA Corporation has a one year low of $164.27 and a one year high of $243.37. The company has a market capitalization of $5.55 trillion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 1.83 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 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 the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The business's quarterly revenue was up 105.9% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. Analysts anticipate that NVIDIA Corporation will post 9.25 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA declared that its Board of Directors has approved a share buyback plan on Monday, September 28th that authorizes the company to buyback $150.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. The Goldman Sachs Group reiterated a "buy" rating on shares of NVIDIA in a research report on Thursday, September 10th. Piper Sandler started coverage on NVIDIA in a research report on Wednesday, September 9th. They issued an "overweight" rating and a $300.00 target price for the company. BNP Paribas Exane reissued an "outperform" rating and issued a $345.00 price objective on shares of NVIDIA in a research note on Monday. Mizuho set a $315.00 price objective on NVIDIA and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Finally, JPMorgan Chase & Co. lifted their target price on NVIDIA from $280.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $321.89.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: SpaceX is reportedly seeking approximately $40 billion in debt financing to purchase NVIDIA GPUs, potentially creating a major future order and reinforcing demand for the company’s data-center products. Apollo, banks in talks to finance SpaceX's $40 billion Nvidia GPU purchase
• Positive Sentiment: TSMC reported record quarterly revenue of roughly $46.7 billion, up 50% year over year, indicating that demand for advanced AI processors—including NVIDIA’s products—remains robust. Nvidia and AMD fuel a $46.7B TSMC quarter
• Positive Sentiment: NVIDIA committed $1 billion over five years to U.S. science initiatives spanning artificial intelligence, quantum computing, healthcare and energy security. The investment may strengthen government relationships and expand long-term technology adoption. NVIDIA Commits $1 Billion to Advance US Science
• Positive Sentiment: BNP Paribas Exane upgraded NVIDIA to “strong buy,” while Microsoft and PC manufacturers unveiled systems using NVIDIA’s RTX Spark chips, supporting expansion into local and personal AI computing. NVIDIA Stock Lifted to Strong-Buy
• Neutral Sentiment: A large options trade reportedly bets on additional upside, but the signal is speculative and does not change NVIDIA’s underlying earnings outlook. Nvidia Stock Slips. A Big Options Trade Signals Where It Might Go Next
• Negative Sentiment: OpenAI’s reported annualized revenue of about $50 billion was below a previously circulated $68 billion figure, prompting a selloff across AI stocks and raising questions about the pace of AI monetization. Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report
• Negative Sentiment: Firmus, an NVIDIA-backed cloud-computing company, abandoned plans for a major Australian IPO, citing market conditions. The failed offering highlights tightening investor appetite for AI infrastructure financing. NVIDIA’s proposed $20 billion Groq transaction also faces a Delaware lawsuit alleging improper deal structuring, adding legal risk. Nvidia-Backed Firmus Scraps Australian IPO

Insider Transactions at NVIDIA

In related 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Timothy S. Teter sold 30,460 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at $598,810,648. The trade was a 1.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,766,118 shares of company stock worth $399,450,353 in the last 90 days. 3.94% of the stock is owned by insiders.

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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