NVIDIA Corporation $NVDA Stock: L2 Asset Management LLC Raises Stake

Key Points

• L2 Asset Management increased its NVIDIA stake by 5.7% in the second quarter, bringing its holdings to 134,011 shares valued at approximately $26.8 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA reported quarterly revenue of $96.22 billion and earnings of $2.22 per share, exceeding analyst expectations; revenue rose 105.9% year over year.
• The company authorized a $150 billion share repurchase plan, while analysts maintained a consensus “Buy” rating with an average price target of $321.89.

L2 Asset Management LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,011 shares of the computer hardware maker's stock after acquiring an additional 7,225 shares during the period. NVIDIA comprises approximately 2.8% of L2 Asset Management LLC's holdings, making the stock its 4th largest holding. L2 Asset Management LLC's holdings in NVIDIA were worth $26,814,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Boyd Wealth Management LLC raised its holdings in shares of NVIDIA by 273.4% during the second quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker's stock valued at $1,830,000 after buying an additional 6,696 shares during the last quarter. Ally Financial Inc. boosted its position in shares of NVIDIA by 10.3% during the second quarter. Ally Financial Inc. now owns 172,000 shares of the computer hardware maker's stock worth $34,415,000 after buying an additional 16,000 shares during the period. Altshuler Shaham Ltd grew its holdings in NVIDIA by 6,451.9% in the 1st quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker's stock worth $111,134,000 after buying an additional 627,510 shares in the last quarter. Storen Legacy Partners LLC bought a new position in NVIDIA in the 4th quarter worth approximately $1,350,000. Finally, Baker Tilly Wealth Management LLC increased its position in NVIDIA by 7.4% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker's stock valued at $14,386,000 after acquiring an additional 4,958 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

NVDA opened at $229.28 on Friday. 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 company has a market cap of $5.53 trillion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.78 and a beta of 2.22. The stock has a 50-day moving average of $222.66 and a 200-day moving average of $209.43. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $243.37.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, beating 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 the consensus estimate of $92.27 billion. During the same period last year, the business earned $1.05 EPS. The firm's revenue was up 105.9% compared to the same quarter last year. As a group, equities research analysts forecast that NVIDIA Corporation will post 9.25 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were given 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 dividend yield of 0.4%. NVIDIA's dividend payout ratio (DPR) is currently 12.64%.

NVIDIA announced that its board has initiated a share buyback plan on Monday, September 28th that allows the company to buy back $150.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to repurchase up to 2.8% of its stock through open market purchases. Share repurchase plans are typically an indication that the company's management believes its shares are undervalued.

More NVIDIA News

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

Analyst Ratings Changes

Several analysts have weighed in on NVDA shares. Sanford C. Bernstein reaffirmed a "buy" rating on shares of NVIDIA in a research note on Monday, September 21st. Citigroup reissued a "buy" rating and set a $315.00 target price (up from $300.00) on shares of NVIDIA in a research note on Thursday, August 27th. Royal Bank Of Canada boosted their price target on shares of NVIDIA from $300.00 to $330.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $350.00 price target on shares of NVIDIA in a research note on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of NVIDIA in a report on Monday, August 31st. Five research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $321.89.

Insider Activity

In other news, Director Mark Stevens sold 622,239 shares of the business's 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 directly owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 34,918 shares of the company's stock in a transaction on 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 sale, the chief financial officer directly owned 765,103 shares of the company's stock, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,766,118 shares of company stock valued at $399,450,353 over the last 90 days. 3.94% of the stock is currently owned by company insiders.

NVIDIA Company 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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