NVIDIA Corporation $NVDA Stock Purchased by TRU Independence Asset Management 2 LLC

Key Points

• TRU Independence Asset Management 2 LLC increased its NVIDIA stake by 15.9% in the second quarter, purchasing 2,747 additional shares for a total of 19,974 shares valued at approximately $4.0 million.
• NVIDIA reported quarterly results above expectations, with EPS of $2.22 and revenue of $96.22 billion, representing 105.9% year-over-year revenue growth. Shares opened at $238.90, near their 12-month high of $240.10.
• Investor sentiment remains broadly positive: analysts maintain a consensus “Buy” rating with a $321.89 price target, while NVIDIA authorized a $150 billion share-repurchase program and declared a quarterly dividend of $0.25 per share.

TRU Independence Asset Management 2 LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,974 shares of the computer hardware maker's stock after purchasing an additional 2,747 shares during the quarter. NVIDIA makes up about 2.2% of TRU Independence Asset Management 2 LLC's investment portfolio, making the stock its 9th largest position. TRU Independence Asset Management 2 LLC's holdings in NVIDIA were worth $3,997,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Lifetime Wealth Management P.C. purchased a new position in shares of NVIDIA during the fourth quarter worth approximately $26,000. Longview Financial Advisors Inc. bought a new stake in shares of NVIDIA in the 1st quarter worth approximately $27,000. Langley Wealth Management LLC purchased a new stake in shares of NVIDIA in the 2nd quarter valued at $34,000. Phillip James Consulting Co. purchased a new stake in shares of NVIDIA in the 1st quarter valued at $40,000. Finally, Frankly Finances LLC bought a new position in shares of NVIDIA during the 2nd quarter valued at $60,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about 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

NVIDIA Stock Up 2.1%

Shares of NVIDIA stock opened at $238.90 on Tuesday. 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 $240.10. The company has a market cap of $5.76 trillion, a P/E ratio of 30.20, a PEG ratio of 1.81 and a beta of 2.22. The company's fifty day simple moving average is $219.59 and its two-hundred day simple moving average is $208.05.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping the consensus estimate of $2.09 by $0.13. The firm 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 company's quarterly revenue was up 105.9% compared to the same quarter last year. During the same period last year, the company posted $1.05 EPS. Research analysts anticipate that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA Announces Dividend

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

NVIDIA announced that its Board of Directors has authorized a stock buyback program on Monday, September 28th that permits the company to repurchase $150.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts recently commented on NVDA shares. Benchmark reiterated a "buy" rating and issued a $335.00 target price on shares of NVIDIA in a research report on Thursday, August 27th. HSBC upped their price target on shares of NVIDIA from $360.00 to $365.00 in a research report on Thursday, August 27th. Zacks Research upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Monday, September 21st. Daiwa Securities Group lowered their target price on NVIDIA from $255.00 to $245.00 and set an "outperform" rating for the company in a research note on Thursday, September 17th. Finally, UBS Group set a $300.00 target price on NVIDIA and gave the company a "buy" rating in a report on Thursday, August 27th. Four analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, NVIDIA currently has a consensus rating of "Buy" and a consensus price target of $321.89.

Insiders Place Their Bets

In other NVIDIA news, EVP Timothy S. Teter sold 30,460 shares of the company's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares in the company, valued at approximately $598,810,648. This represents a 1.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the transaction, the chief financial officer directly owned 765,103 shares of the company's stock, valued at $167,595,812.15. This represents a 4.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,766,118 shares of company stock worth $399,450,353 over the last three months. Company insiders own 3.94% of the company's stock.

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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