NVIDIA Corporation $NVDA Shares Sold by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management reduced its NVIDIA position by 13.2% in the second quarter, selling 4,926 shares and retaining 32,448 shares valued at approximately $6.49 million. Institutional investors and hedge funds collectively own 65.27% of NVIDIA’s stock.
• NVIDIA reported quarterly earnings and revenue above analyst expectations, with revenue up 85.2% year over year. The company also authorized an $80 billion share-repurchase program, equivalent to up to 1.5% of outstanding shares.
• Wall Street sentiment remains strongly bullish, with a consensus “Buy” rating and an average price target of $308.01, although insider selling, elevated valuation concerns, potential competition and uncertainty surrounding China-related chip sales remain risks.

Wedge Capital Management L L P NC cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,448 shares of the computer hardware maker's stock after selling 4,926 shares during the quarter. Wedge Capital Management L L P NC's holdings in NVIDIA were worth $6,493,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Lifetime Wealth Management P.C. acquired a new position in shares of NVIDIA in the 4th quarter valued at about $26,000. Longview Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 1st quarter valued at about $27,000. Longfellow Investment Management Co. LLC raised its stake in NVIDIA by 47.9% during 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 period. Phillip James Consulting Co. acquired a new stake in NVIDIA during the first quarter worth about $40,000. Finally, Spurstone Advisory Services LLC bought a new position in NVIDIA in the second quarter worth about $40,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Down 1.0%

NVIDIA stock opened at $214.75 on Friday. NVIDIA Corporation has a 12-month low of $164.07 and a 12-month high of $236.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The stock has a market capitalization of $5.20 trillion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 0.43 and a beta of 2.23. The firm has a 50 day simple moving average of $207.47 and a 200-day simple moving average of $199.52.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping the consensus estimate of $1.76 by $0.11. The firm had revenue of $81.61 billion for the quarter, compared to analysts' expectations of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm's quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 earnings per share. As a group, equities research analysts expect that NVIDIA Corporation will post 8.8 EPS for the current fiscal year.

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

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA is reportedly in advanced talks to invest several hundred million dollars in Cloverleaf Infrastructure, a developer of U.S. data-center power and infrastructure. The move could help address the electricity bottleneck limiting AI capacity while strengthening NVIDIA’s role in projects that use its systems. Nvidia in Talks to Invest in Data-Center Power Developer Cloverleaf Infrastructure
• Positive Sentiment: Analyst support remains strong before earnings. BMO named NVIDIA its top semiconductor pick with a $340 price target, while Jefferies reportedly expects revenue to exceed consensus by roughly $3 billion. Consensus forecasts call for approximately $91 billion of quarterly revenue, supported by Blackwell and broader AI infrastructure demand. Nvidia stock dubbed top pick ahead of Q2 earnings
• Positive Sentiment: Reports that SpaceX is standardizing its AI infrastructure on NVIDIA chips reinforce the company’s competitive position and could support demand for its next-generation Vera Rubin platform. NVIDIA is also exploring a potential partnership or acquisition involving South Korean AI-chip designer Rebellions, indicating continued investment in its AI ecosystem. NVIDIA Could Snap up Korean AI Chip Startup Rebellions
• Neutral Sentiment: NVIDIA’s proposed investment in Cloverleaf follows other efforts to finance AI infrastructure and convert future GPU capacity into a financeable asset. The strategy could accelerate deployments, but it also exposes NVIDIA to capital-allocation and customer-financing risks. Nvidia Makes Another Bet on the AI Power Bottleneck
• Negative Sentiment: Investors are weighing possible competitive and product risks. NVIDIA is reportedly testing Rubin Ultra configurations with less high-bandwidth memory than originally planned, while Microsoft is preparing its own Maia 300 AI chip. These developments could raise questions about performance, supply availability and long-term customer diversification. NVIDIA and AMD: Rubin Ultra memory reports
• Negative Sentiment: NVIDIA denied a report that it plans small-batch shipments of a China-specific AI chip by year-end, removing a potential near-term catalyst. Analysts also say any renewed China H200 sales may have only a limited effect on revenue. Nvidia to ship AI chip for China by year-end
• Negative Sentiment: Higher Treasury yields and warnings from investors such as Michael Burry that AI data-center financing may be excessive are adding valuation pressure ahead of a high-expectation earnings event.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the transaction, the director directly owned 14,163 shares in the company, valued at approximately $3,030,882. This trade represents a 4.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the business's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. This represents a 11.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,901,125 shares of company stock valued at $410,583,015. 3.94% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Truist Financial boosted their price objective on NVIDIA from $287.00 to $307.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Tuesday, June 2nd. DZ Bank reiterated a "buy" rating on shares of NVIDIA in a research note on Thursday, May 21st. Wedbush boosted their price target on shares of NVIDIA from $300.00 to $330.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. Finally, BMO Capital Markets set a $340.00 price target on shares of NVIDIA and gave the stock an "outperform" rating in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $308.01.

NVIDIA Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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