NVIDIA Corporation $NVDA Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 43.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,445 shares of the computer hardware maker's stock after selling 3,371 shares during the period. NVIDIA makes up approximately 0.5% of Gallacher Capital Management LLC's investment portfolio, making the stock its 27th largest holding. Gallacher Capital Management LLC's holdings in NVIDIA were worth $889,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NVDA. Lifetime Wealth Management P.C. purchased a new position in NVIDIA in the fourth quarter valued at $26,000. Longview Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the first quarter worth approximately $27,000. Longfellow Investment Management Co. LLC boosted its stake in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after acquiring an additional 67 shares during the last quarter. Phillip James Consulting Co. purchased a new stake in shares of NVIDIA during the first quarter worth approximately $40,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of NVIDIA during the second quarter worth approximately $40,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 63,501 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $220.06, for a total value of $13,974,030.06. Following the sale, the director directly owned 4,558,770 shares in the company, valued at $1,003,202,926.20. This trade represents a 1.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,563,501 shares of company stock valued at $335,380,530 over the last ninety days. 3.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on NVDA shares. KGI Securities increased their price objective on shares of NVIDIA from $335.00 to $345.00 in a report on Thursday, August 27th. Mizuho set a $315.00 price target on NVIDIA and gave the company an "outperform" rating in a research report on Thursday, August 27th. Susquehanna restated a "positive" rating and issued a $275.00 price target (up from $250.00) on shares of NVIDIA in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of NVIDIA in a report on Monday. Finally, Barclays reissued an "overweight" rating on shares of NVIDIA in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus target price of $324.23.

NVIDIA Price Performance

NVDA opened at $224.41 on Thursday. The stock's 50-day moving average price is $209.20 and its 200 day moving average price is $201.53. NVIDIA Corporation has a 12-month low of $164.07 and a 12-month high of $236.54. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The firm has a market cap of $5.41 trillion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.71 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The business had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. The company's revenue was up 105.9% on a year-over-year basis. As a group, sell-side analysts expect that NVIDIA Corporation will post 9.1 earnings per share for the current year.

NVIDIA declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a $0.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. NVIDIA's dividend payout ratio (DPR) is currently 12.64%.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Strong server demand supported by Dell: Dell Technologies’ stronger-than-expected results and raised guidance reinforced NVIDIA’s view that enterprise and hyperscaler spending on AI servers remains strong. NVIDIA’s stock is climbing as investors get more confidence in an expanding base of AI customers
• Positive Sentiment: Potential Hugging Face acquisition: Reports that NVIDIA is in advanced discussions to acquire AI platform Hugging Face for roughly $13 billion to $14 billion lifted expectations that the company could strengthen CUDA adoption, developer retention and recurring software revenue. The deal remains unconfirmed and could face integration and neutrality concerns. Why Nvidia’s $14 Billion Hugging Face Deal Would Make Total Sense
• Positive Sentiment: Expansion beyond GPUs: NVIDIA’s investments and partnerships with MediaTek, Equinix and optical-networking startup iPronics could extend its reach into custom AI chips, inference, automotive computing and data-center connectivity. An reported $35 billion Anthropic cloud commitment also highlighted continued demand for NVIDIA-powered compute. NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
• Positive Sentiment: Analyst confidence remains high: J.P. Morgan reaffirmed a Buy rating and a $320 price target, citing strong AI-driven growth and expected demand for NVIDIA’s next-generation platforms. NVIDIA Buy Rating Reaffirmed

NVIDIA Profile

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.

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