NVIDIA Corporation $NVDA Stock Bought by GQG Partners LLC

Key Points

• GQG Partners dramatically increased its NVIDIA position by purchasing nearly 2.95 million additional shares in the second quarter. Its stake was worth approximately $590.2 million and represented 1.1% of the firm’s portfolio.
• Wall Street remains bullish: NVIDIA has a consensus “Buy” rating and an average price target of $321.89, supported by quarterly revenue growth of 105.9% and an earnings beat.
• Valuation and insider selling are notable risks. NVIDIA traded near its 12-month high with a $5.72 trillion market capitalization, while insiders sold 1.77 million shares worth about $399.5 million during the quarter.

GQG Partners LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 98,752.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,949,752 shares of the computer hardware maker's stock after purchasing an additional 2,946,768 shares during the period. NVIDIA makes up 1.1% of GQG Partners LLC's portfolio, making the stock its 26th largest holding. GQG Partners LLC's holdings in NVIDIA were worth $590,216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lifetime Wealth Management P.C. purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $26,000. Longview Financial Advisors Inc. purchased a new position in NVIDIA during the 1st quarter valued at $27,000. Langley Wealth Management LLC purchased a new position in NVIDIA during the 2nd quarter valued at $34,000. Phillip James Consulting Co. purchased a new stake in shares of NVIDIA during the first quarter valued at $40,000. Finally, Bard Associates Inc. increased its stake in NVIDIA by 8,866.7% in the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock worth $54,000 after buying an additional 266 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: SpaceX may become a major new customer. SpaceX is reportedly seeking approximately $40 billion in debt financing—potentially including bank loans and investment-grade bonds—to purchase NVIDIA GPUs for its AI infrastructure. The proposed transaction would reinforce demand for NVIDIA’s chips, although the debt-funded nature of the purchase raises questions about customer financing risk. Apollo, banks in talks to finance SpaceX's $40 billion Nvidia GPU purchase
• Positive Sentiment: NVIDIA is expanding beyond data centers into PCs and edge AI. Microsoft unveiled the $2,599 Surface Laptop Ultra with an NVIDIA AI chip, while ASUS and other manufacturers began offering RTX Spark-powered systems for local AI workloads. This could broaden NVIDIA’s addressable market and create a new consumer and enterprise revenue stream. Microsoft to sell Surface Laptop Ultra containing Nvidia AI chip
• Positive Sentiment: AI infrastructure adoption remains widespread. NVIDIA-backed Lambda is reportedly targeting up to $4 billion in additional funding ahead of a planned IPO, while robotics, sovereign-AI and cloud-computing companies continue announcing deployments using NVIDIA platforms. These developments support the company’s ecosystem and long-term demand outlook. Nvidia-backed Lambda targets $4 billion raise
• Positive Sentiment: Analyst sentiment remains bullish. Morgan Stanley raised its price target, and consensus estimates cited by analysts imply additional upside. NVIDIA’s prior quarterly earnings beat and more-than-doubling revenue growth continue to support the bullish case.
• Neutral Sentiment: Market conditions are mixed. Rising oil prices tied to renewed Strait of Hormuz tensions pressured broader equities, while investors also remained focused on interest rates and Federal Reserve minutes.
• Negative Sentiment: Valuation and concentration risks are becoming more prominent. NVIDIA is approaching a $6 trillion market capitalization after a powerful rally, increasing the potential for profit-taking. Michael Burry has reportedly shifted to longer-dated put options on NVIDIA, citing the risk of an eventual AI downturn.
• Negative Sentiment: Trade and execution risks could weigh on the shares. Fresh tariff threats and concerns about margin compression, inventory levels and the sustainability of debt-financed AI spending are tempering enthusiasm. Investors may also be reluctant to chase the stock near record highs without evidence that earnings growth can continue to exceed elevated expectations.

Insiders Place Their Bets

In other news, EVP Timothy Teter sold 30,460 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the sale, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at $598,810,648. This represents a 1.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of NVIDIA stock in a transaction dated 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 transaction, the director owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,766,118 shares of company stock worth $399,450,353. Company insiders own 3.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NVDA shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $350.00 target price on shares of NVIDIA in a research report on Thursday, October 1st. Needham & Company LLC reiterated a "buy" rating and set a $300.00 price objective on shares of NVIDIA in a research note on Friday, September 4th. Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a report on Friday, October 2nd. UBS Group set a $300.00 price objective on NVIDIA and gave the stock a "buy" rating in a research note on Thursday, August 27th. Finally, Melius Research set a $420.00 price target on shares of NVIDIA in a research report on Thursday, August 27th. Four equities 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 company. According to MarketBeat, NVIDIA currently has a consensus rating of "Buy" and an average price target of $321.89.

NVIDIA Trading Down 0.8%

Shares of NASDAQ:NVDA opened at $237.36 on Thursday. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 12-month low of $164.27 and a 12-month high of $243.37. The business has a 50 day moving average of $221.38 and a two-hundred day moving average of $208.88. The company has a market capitalization of $5.72 trillion, a PE ratio of 30.01, a PEG ratio of 1.85 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 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 business had revenue of $96.22 billion for the quarter, compared to analysts' expectations of $92.27 billion. During the same quarter last year, the company earned $1.05 EPS. The business's revenue was up 105.9% on a year-over-year basis. As a group, analysts forecast that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA declared that its board has initiated a stock buyback plan on Monday, September 28th that authorizes the company to buyback $150.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

NVIDIA Announces Dividend

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

About NVIDIA

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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