NVIDIA Corporation $NVDA Shares Sold by Legal & General Group Plc

Key Points

• Legal & General Group reduced its NVIDIA stake by 6.1%, selling 10.3 million shares in the second quarter but retaining approximately 158.9 million shares worth $31.8 billion. NVIDIA remains the firm’s largest holding, representing about 6.6% of its portfolio.
• Institutional investors own 65.27% of NVIDIA, with several major funds increasing their positions. Analysts remain bullish, assigning the stock an average “Buy” rating and a consensus price target of $321.89.
• NVIDIA reported quarterly revenue of $96.22 billion, up 105.9% year over year, and announced a $150 billion share-buyback authorization. However, insiders have sold roughly $399.5 million of stock over the past 90 days.

Legal & General Group Plc lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,902,241 shares of the computer hardware maker's stock after selling 10,325,286 shares during the quarter. NVIDIA makes up approximately 6.6% of Legal & General Group Plc's holdings, making the stock its largest holding. Legal & General Group Plc owned 0.66% of NVIDIA worth $31,794,749,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. J. Stern & Co. LLP grew its holdings in shares of NVIDIA by 13,709.1% during the fourth quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock worth $23,454,297,000 after buying an additional 124,849,603 shares in the last quarter. Amundi raised its position 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 during the last quarter. SEB Asset Management AB acquired a new position in shares of NVIDIA in the first quarter valued at approximately $1,692,807,000. Employees Provident Fund Board purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $1,243,336,000. Finally, H&H International Investment LLC lifted its stake in shares of NVIDIA by 91.3% during the first quarter. H&H International Investment LLC now owns 13,843,775 shares of the computer hardware maker's stock valued at $2,414,354,000 after buying an additional 6,606,675 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Trending Headlines about 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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Oppenheimer set a $315.00 target price on shares of NVIDIA and gave the stock an "outperform" rating in a research report on Thursday, August 27th. DZ Bank reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, August 26th. Rosenblatt Securities reiterated a "buy" rating and issued a $390.00 price target on shares of NVIDIA in a report on Tuesday, September 29th. BNP Paribas Exane reissued an "outperform" rating and set a $345.00 price target on shares of NVIDIA in a research note on Monday, October 5th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $350.00 price target on shares of NVIDIA in a research note on Thursday, October 1st. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, NVIDIA has an average rating of "Buy" and an average price target of $321.89.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 34,918 shares of the company's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the sale, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of the company's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is owned by insiders.

NVIDIA Stock Down 0.5%

Shares of NVDA opened at $229.28 on Friday. The firm has a market cap of $5.53 trillion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.77 and a beta of 2.22. The company's fifty day moving average is $222.66 and its two-hundred day moving average is $209.43. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week 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.

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

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were issued a $0.25 dividend. The ex-dividend date was 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 presently 12.64%.

NVIDIA announced that its Board of Directors has initiated a share buyback program on Monday, September 28th that permits the company to repurchase $150.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management 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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