NVIDIA Corporation $NVDA Shares Sold by K.J. Harrison & Partners Inc

Key Points

• K.J. Harrison & Partners cut its NVIDIA stake by 37.1% in the second quarter, selling 32,716 shares and retaining 55,569 shares valued at approximately $11.1 million.
• Wall Street remains broadly bullish, with a consensus “Buy” rating and average price target of $324.14. NVIDIA also reported quarterly revenue of $96.22 billion, up 105.9% year over year, and exceeded analysts’ earnings expectations.
• NVIDIA approved a $150 billion share-repurchase program, while insiders sold substantial holdings in recent transactions. Key risks include a potential slowdown in AI infrastructure spending, competition from alternative AI chips, and pressure on margins from higher costs.

K.J. Harrison & Partners Inc lowered its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 37.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,569 shares of the computer hardware maker's stock after selling 32,716 shares during the period. NVIDIA accounts for 1.6% of K.J. Harrison & Partners Inc's portfolio, making the stock its 12th largest position. K.J. Harrison & Partners Inc's holdings in NVIDIA were worth $11,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Argyle Capital Partners LLC grew its stake in shares of NVIDIA by 8.3% during the second quarter. Argyle Capital Partners LLC now owns 13,586 shares of the computer hardware maker's stock worth $2,718,000 after purchasing an additional 1,036 shares during the period. Quent Capital LLC raised its position in shares of NVIDIA by 8.1% in the 2nd quarter. Quent Capital LLC now owns 135,244 shares of the computer hardware maker's stock valued at $27,061,000 after acquiring an additional 10,144 shares during the period. IMG Wealth Management Inc. raised its position in shares of NVIDIA by 19.3% in the 2nd quarter. IMG Wealth Management Inc. now owns 3,638 shares of the computer hardware maker's stock valued at $728,000 after acquiring an additional 589 shares during the period. Focused Alpha LLC boosted its stake in NVIDIA by 11.4% during the 2nd quarter. Focused Alpha LLC now owns 28,055 shares of the computer hardware maker's stock worth $5,613,000 after acquiring an additional 2,872 shares during the last quarter. Finally, MidFirst Bank grew its holdings in NVIDIA by 1.4% during the second quarter. MidFirst Bank now owns 356,324 shares of the computer hardware maker's stock valued at $71,297,000 after purchasing an additional 4,963 shares during the period. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NVDA. Mizuho set a $315.00 target price on NVIDIA and gave the company an "outperform" rating in a research note on Thursday, August 27th. Stifel Nicolaus set a $315.00 price target on shares of NVIDIA in a report on Thursday, August 27th. Citigroup reissued a "buy" rating and set a $315.00 price objective (up from $300.00) on shares of NVIDIA in a research report on Thursday, August 27th. Evercore set a $465.00 price objective on shares of NVIDIA and gave the stock an "outperform" rating in a report on Thursday, August 27th. Finally, Daiwa Securities Group cut their price objective on shares of NVIDIA from $255.00 to $245.00 and set an "outperform" rating on the stock in a research report on Thursday, September 17th. Four research analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, NVIDIA currently has a consensus rating of "Buy" and an average target price of $324.14.

NVIDIA Price Performance

NASDAQ:NVDA opened at $228.38 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. The stock's 50-day simple moving average is $217.76 and its 200 day simple moving average is $206.94. The company has a market cap of $5.50 trillion, a P/E ratio of 28.87, a P/E/G ratio of 1.76 and a beta of 2.22. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The firm had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The business's quarterly revenue was up 105.9% compared to the same quarter last year. As a group, sell-side analysts forecast that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is 12.64%.

NVIDIA announced that its Board of Directors has approved a stock repurchase program on Monday, September 28th that authorizes the company to buyback $150.00 billion in shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA authorized an additional $150 billion for share repurchases, raising total remaining authorization to approximately $235 billion through fiscal 2028. The move signals management’s confidence in the company’s cash generation and suggests it views the stock as attractively valued. Stock Market Today, Sept. 30: Nvidia Authorizes $150B Buyback, Lifting Total to $235B
• Positive Sentiment: The latest bullish case centers on sustained AI spending. NVIDIA’s data-center revenue reportedly surged 117% year over year to $89 billion, while management continues to forecast substantial growth despite the company’s enormous scale. Analysts cited valuation, hyperscaler capital expenditures and the company’s full-stack AI platform as potential upside drivers. Nvidia's Demand Outlook Still Supports The Bull Case
• Positive Sentiment: Political and regulatory developments were also favorable. President Donald Trump reportedly supported industry self-regulation at a White House AI meeting attended by CEO Jensen Huang, reducing near-term concerns that stricter rules could slow AI deployment. NVIDIA’s new AI safety platform could further support demand for inference, monitoring and networking infrastructure. Nvidia Was the Big Winner of Trump's AI Lunch, Here's Why
• Positive Sentiment: NVIDIA’s reported agreement to acquire Hugging Face for nearly $13 billion would expand its reach into open-source models, developer tools, datasets and AI distribution. The company is also investing in AI infrastructure partners, reinforcing its broader ecosystem strategy beyond GPUs. Nvidia just spent nearly $13 billion on something other than GPUs
• Neutral Sentiment: Softer-than-expected inflation helped support growth-oriented technology shares by reducing immediate expectations for additional Federal Reserve rate increases. However, higher interest rates remain a key valuation risk for AI-linked stocks. Why is Nvidia stock rising on Wednesday?
• Negative Sentiment: Risks remain around an AI spending slowdown, particularly if hyperscalers reduce capital expenditures. DeepSeek’s work with Huawei on software for alternative AI chips could also challenge NVIDIA’s software moat, while rising memory and networking costs may pressure gross margins. Investor Michael Burry’s reported bearish options position adds to skepticism, although it has not changed the company’s fundamental outlook. If AI Capex Cracks, Nvidia Could Feel It Before Meta Does

Insider Buying and Selling

In other news, CFO Colette Kress sold 34,918 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly owned 765,103 shares of the company's stock, valued at $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 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 owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,766,118 shares of company stock worth $399,450,353. Company insiders own 3.94% of the company's stock.

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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