NVIDIA Corporation $NVDA Stock Purchased by Robinhood Asset Management LLC

Key Points

• Robinhood Asset Management increased its NVIDIA stake by 71.6% in the second quarter, acquiring 108,138 additional shares. Its 259,270-share position was valued at approximately $51.9 million and represented 2.8% of its portfolio.
• NVIDIA reported quarterly results above expectations, with adjusted earnings of $2.22 per share and revenue of $96.22 billion, up 105.9% year over year. Analysts maintained a broadly bullish outlook, with the stock receiving an overall “Buy” rating and an average price target of $321.89.
• The company authorized a $150 billion share repurchase plan and declared a quarterly dividend of $0.25 per share. However, insiders sold roughly $399.5 million of stock over the past 90 days, including substantial sales by CFO Colette Kress and director Mark A. Stevens.

Robinhood Asset Management LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 71.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 259,270 shares of the computer hardware maker's stock after purchasing an additional 108,138 shares during the quarter. NVIDIA makes up approximately 2.8% of Robinhood Asset Management LLC's investment portfolio, making the stock its 3rd biggest position. Robinhood Asset Management LLC's holdings in NVIDIA were worth $51,877,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of NVIDIA by 2.1% during the 1st quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker's stock valued at $33,345,453,000 after buying an additional 4,019,505 shares in the last quarter. Invesco Ltd. increased its holdings in NVIDIA by 0.3% in the 4th quarter. Invesco Ltd. now owns 143,239,504 shares of the computer hardware maker's stock worth $26,714,167,000 after acquiring an additional 446,178 shares in the last quarter. Amundi increased its holdings in NVIDIA by 10.4% in the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock worth $23,329,141,000 after acquiring an additional 12,575,177 shares in the last quarter. J. Stern & Co. LLP increased its holdings in NVIDIA by 13,709.1% in the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock worth $23,454,297,000 after acquiring an additional 124,849,603 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in NVIDIA by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker's stock worth $16,479,126,000 after acquiring an additional 555,221 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NVDA shares. JPMorgan Chase & Co. increased their price objective on shares of NVIDIA from $280.00 to $320.00 and gave the stock an "overweight" rating in a research note on Thursday, August 27th. TD Cowen restated a "buy" rating on shares of NVIDIA in a research note on Tuesday, August 18th. Melius Research set a $420.00 price target on NVIDIA in a research note on Thursday, August 27th. Evercore set a $465.00 price target on NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 27th. Finally, Wall Street Zen downgraded NVIDIA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 26th. Four research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $321.89.

NVIDIA Trading Up 2.1%

Shares of NVIDIA stock opened at $238.90 on Tuesday. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $240.10. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $219.59 and a 200-day moving average price of $208.05. The firm has a market cap of $5.76 trillion, a price-to-earnings ratio of 30.20, a PEG ratio of 1.81 and a beta of 2.22.

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

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, September 10th. NVIDIA's payout ratio is currently 12.64%.

NVIDIA declared that its board has authorized 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 reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Strong supplier data reinforced AI demand. Foxconn reported its strongest-ever monthly revenue, helped by accelerating demand for AI servers that use NVIDIA systems. The report gave investors a near-term signal that hyperscaler and data-center spending remains robust. Why is Nvidia stock rising today?
• Positive Sentiment: Large Rubin GPU orders highlighted future growth. AM Intelligence announced firm orders for 20,000 NVIDIA Rubin GPUs for AI factories in India and Malaysia, supporting expectations for continued demand as customers expand beyond current-generation systems. AM Intelligence Expands NVIDIA Vera Rubin AI Factory Buildout
• Positive Sentiment: Analysts and technical signals remained bullish. Coverage pointed to NVIDIA’s central role in frontier AI, robotics and physical AI, while some analysts argued that its forward valuation remains reasonable relative to projected earnings growth. NVIDIA also led IBD’s list of top-performing stocks. The case for Nvidia's stock to march even higher
• Positive Sentiment: Capital-return and ecosystem catalysts added support. NVIDIA’s total share-buyback authorization was reported at $235 billion, and investments in AI startups such as Reflection AI could strengthen its software and developer ecosystem. AI stocks announce major buybacks

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 34,918 shares of the company's stock in a transaction dated Thursday, September 17th. The shares were 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 in the company, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of NVIDIA 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 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. Insiders sold 1,766,118 shares of company stock worth $399,450,353 over the last 90 days. 3.94% of the stock is owned by insiders.

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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