NVIDIA Corporation $NVDA Shares Sold by Caisse de depot et placement du Quebec

Key Points

• Caisse de dépôt et placement du Québec reduced its NVIDIA position by 20.8% in the second quarter, selling 3.28 million shares but retaining 12.5 million shares worth approximately $2.5 billion. NVIDIA remains the fund’s second-largest holding and represents 3.6% of its portfolio.
• Institutional investors own 65.27% of NVIDIA, while insiders sold approximately $399.5 million worth of shares over the past 90 days, including substantial sales by Director Mark Stevens and EVP Timothy Teter.
• Despite selling activity and concerns about AI-spending sustainability, analysts remain broadly bullish: NVIDIA has an average “Buy” rating and a consensus price target of $321.89. The company also authorized a $150 billion share-buyback program.

Caisse de depot et placement du Quebec lessened its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 20.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,504,221 shares of the computer hardware maker's stock after selling 3,283,660 shares during the period. NVIDIA comprises 3.6% of Caisse de depot et placement du Quebec's portfolio, making the stock its 2nd largest holding. Caisse de depot et placement du Quebec owned approximately 0.05% of NVIDIA worth $2,501,970,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. LightSquare Wealth Management LLC lifted its stake in shares of NVIDIA by 0.3% during the 2nd quarter. LightSquare Wealth Management LLC now owns 18,695 shares of the computer hardware maker's stock worth $3,741,000 after purchasing an additional 49 shares during the period. Defender Capital LLC. boosted its stake in NVIDIA by 0.7% in the 2nd quarter. Defender Capital LLC. now owns 7,534 shares of the computer hardware maker's stock worth $1,507,000 after buying an additional 50 shares during the last quarter. Kooman & Associates grew its holdings in NVIDIA by 0.6% in the 2nd quarter. Kooman & Associates now owns 8,464 shares of the computer hardware maker's stock valued at $1,694,000 after buying an additional 50 shares during the period. Roof Eidam Maycock Peralta LLC grew its holdings in NVIDIA by 0.3% in the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 18,827 shares of the computer hardware maker's stock valued at $3,767,000 after buying an additional 50 shares during the period. Finally, Persium Advisors LLC grew its holdings in NVIDIA by 3.5% in the 2nd quarter. Persium Advisors LLC now owns 1,466 shares of the computer hardware maker's stock valued at $293,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: AI infrastructure demand remains robust. TSMC reported third-quarter revenue growth of 50%, while analysts cited continued hyperscaler spending and projected U.S. data-center capital expenditures of roughly $2 trillion next year—supportive of NVIDIA’s accelerator demand. NVIDIA AI spending outlook
• Positive Sentiment: SpaceX reportedly plans to raise as much as $40 billion to purchase NVIDIA AI chips, highlighting the scale of demand from emerging AI customers. NVIDIA also committed $1 billion over five years to U.S. scientific research in areas including quantum computing, healthcare and energy security. SpaceX NVIDIA chip purchase report
• Neutral Sentiment: Options activity is mixed: a large bullish trade suggests some investors expect further gains, but heavier put buying in the semiconductor ETF indicates increased hedging and caution across the chip sector. Technical analysts also see resistance near $235 and potential support around $215–$220. NVIDIA and semiconductor options activity
• Negative Sentiment: Investors remain concerned that AI spending may be debt-funded and approaching a peak. The withdrawal of NVIDIA-backed Firmus Grid’s proposed multibillion-dollar IPO, alongside reports that OpenAI’s annualized revenue was below earlier expectations, has raised questions about AI infrastructure valuations and customer funding. Firmus IPO withdrawal
• Negative Sentiment: Leadership and governance headlines add limited uncertainty: NVIDIA’s head of corporate communications left after roughly four months, while a legal challenge to the company’s Groq technology transaction could create additional execution and reputational risk. NVIDIA communications chief departure

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research analyst reports. Citigroup reaffirmed a "buy" rating and set a $315.00 price objective (up from $300.00) on shares of NVIDIA in a research note on Thursday, August 27th. Rosenblatt Securities reissued a "buy" rating and issued a $390.00 target price on shares of NVIDIA in a research report on Tuesday, September 29th. JPMorgan Chase & Co. boosted their target price on shares of NVIDIA from $280.00 to $320.00 and gave the company an "overweight" rating in a report on Thursday, August 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $350.00 price target on shares of NVIDIA in a research report on Thursday, October 1st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 price target on shares of NVIDIA in a research note on Friday, September 4th. Five analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $321.89.

Insider Transactions at NVIDIA

In other news, EVP Timothy Teter sold 30,460 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the completion of the sale, the executive vice president owned 2,687,660 shares of the company's stock, valued at $598,810,648. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the firm's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction 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 SEC filing for this sale provides additional information. Insiders sold 1,766,118 shares of company stock valued at $399,450,353 over the last 90 days. Corporate insiders own 3.94% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $229.28 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $243.37. The stock has a market capitalization of $5.53 trillion, a P/E ratio of 28.99, a PEG ratio of 1.77 and a beta of 2.22. The stock has a 50-day simple moving average of $222.66 and a 200-day simple moving average of $209.66.

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 (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 firm had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The company's revenue was up 105.9% on a year-over-year basis. Equities analysts forecast that NVIDIA Corporation will post 9.25 earnings per share for the current year.

NVIDIA Announces Dividend

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

NVIDIA declared that its Board of Directors has approved a share buyback program on Monday, September 28th that authorizes the company to buy back $150.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 2.8% of its shares through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

NVIDIA Profile

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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