NVIDIA Corporation $NVDA Stock Sold by Polymer Capital Management HK LTD

Key Points

• Polymer Capital Management HK Ltd. cut its NVIDIA stake by 25.4% in the second quarter, selling 109,679 shares and retaining 321,441 shares worth approximately $64.3 million. NVIDIA remains the fund’s third-largest holding and represents 3.3% of its portfolio.
• NVIDIA reported quarterly EPS of $2.22 and revenue of $96.22 billion, exceeding analyst estimates, while revenue grew 105.9% year over year. The stock opened at $230.48, near its 52-week high of $243.37.
• The company authorized a $150 billion share-repurchase program, while analysts maintained an overall “Buy” consensus with an average price target of $321.89. Institutional investors own 65.27% of NVIDIA, although insiders sold substantial shares during the past three months.

Polymer Capital Management HK LTD trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 25.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 321,441 shares of the computer hardware maker's stock after selling 109,679 shares during the period. NVIDIA comprises 3.3% of Polymer Capital Management HK LTD's holdings, making the stock its 3rd biggest holding. Polymer Capital Management HK LTD's holdings in NVIDIA were worth $64,317,000 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. Bank of America Corp DE lifted its stake 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 worth $33,345,453,000 after acquiring an additional 4,019,505 shares during the last quarter. Invesco Ltd. grew its position in NVIDIA by 0.3% in the 4th quarter. Invesco Ltd. now owns 143,239,504 shares of the computer hardware maker's stock valued at $26,714,167,000 after acquiring an additional 446,178 shares during the last quarter. J. Stern & Co. LLP increased its stake in NVIDIA by 13,709.1% in the fourth quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock worth $23,454,297,000 after purchasing an additional 124,849,603 shares during the period. Amundi increased its stake in NVIDIA by 10.4% in the first quarter. Amundi now owns 133,768,018 shares of the computer hardware maker's stock worth $23,329,141,000 after purchasing an additional 12,575,177 shares during the period. Finally, Deutsche Bank AG increased its stake in NVIDIA by 2.3% in the second quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker's stock worth $18,399,108,000 after purchasing an additional 2,045,101 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NVDA opened at $230.48 on Friday. The company has a 50 day moving average price of $222.09 and a 200-day moving average price of $209.29. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. The stock has a market capitalization of $5.55 trillion, a PE ratio of 29.14, a PEG ratio of 1.83 and a beta of 2.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59.

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 (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. NVIDIA's revenue was up 105.9% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. Equities analysts predict that NVIDIA Corporation will post 9.25 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued a $0.25 dividend. The ex-dividend date 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 declared that its Board of Directors has initiated a share repurchase 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 reacquire up to 2.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NVDA. Wall Street Zen lowered shares of NVIDIA from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 26th. Royal Bank Of Canada raised their price target on shares of NVIDIA from $300.00 to $330.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Oppenheimer set a $315.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 27th. KeyCorp reissued an "overweight" rating and issued a $330.00 price objective on shares of NVIDIA in a research report on Monday, August 24th. Finally, KGI Securities upped their target price on shares of NVIDIA from $335.00 to $345.00 in a research note on Thursday, August 27th. Five analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $321.89.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: SpaceX is reportedly seeking approximately $40 billion in debt financing to purchase NVIDIA GPUs, potentially creating a major future order and reinforcing demand for the company’s data-center products. Apollo, banks in talks to finance SpaceX's $40 billion Nvidia GPU purchase
• Positive Sentiment: TSMC reported record quarterly revenue of roughly $46.7 billion, up 50% year over year, indicating that demand for advanced AI processors—including NVIDIA’s products—remains robust. Nvidia and AMD fuel a $46.7B TSMC quarter
• Positive Sentiment: NVIDIA committed $1 billion over five years to U.S. science initiatives spanning artificial intelligence, quantum computing, healthcare and energy security. The investment may strengthen government relationships and expand long-term technology adoption. NVIDIA Commits $1 Billion to Advance US Science
• Positive Sentiment: BNP Paribas Exane upgraded NVIDIA to “strong buy,” while Microsoft and PC manufacturers unveiled systems using NVIDIA’s RTX Spark chips, supporting expansion into local and personal AI computing. NVIDIA Stock Lifted to Strong-Buy
• Neutral Sentiment: A large options trade reportedly bets on additional upside, but the signal is speculative and does not change NVIDIA’s underlying earnings outlook. Nvidia Stock Slips. A Big Options Trade Signals Where It Might Go Next
• Negative Sentiment: OpenAI’s reported annualized revenue of about $50 billion was below a previously circulated $68 billion figure, prompting a selloff across AI stocks and raising questions about the pace of AI monetization. Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report
• Negative Sentiment: Firmus, an NVIDIA-backed cloud-computing company, abandoned plans for a major Australian IPO, citing market conditions. The failed offering highlights tightening investor appetite for AI infrastructure financing. NVIDIA’s proposed $20 billion Groq transaction also faces a Delaware lawsuit alleging improper deal structuring, adding legal risk. Nvidia-Backed Firmus Scraps Australian IPO

Insider Transactions at NVIDIA

In related news, 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 completion of the sale, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. This represents a 4.36% decrease in their position. The sale was disclosed in a document filed 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 the firm's 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,766,118 shares of company stock valued at $399,450,353. Corporate 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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