NVIDIA Corporation $NVDA Stock Sold by Primecap Management Co. CA

Key Points

• Primecap Management trimmed its NVIDIA stake by 0.6% in the second quarter, selling 109,050 shares and retaining 17.08 million shares worth approximately $3.42 billion. NVIDIA remains 2.0% of Primecap’s portfolio and its eighth-largest holding.
• Other institutional investors, including the Canada Pension Plan Investment Board, increased their NVIDIA positions, while institutions and hedge funds collectively owned 65.27% of the company.
• Insiders sold $399.5 million of NVIDIA shares over the past 90 days. Meanwhile, the company surpassed quarterly earnings and revenue expectations, authorized a $150 billion share-buyback program, and analysts maintained a consensus “Buy” rating with an average price target of $321.89.

Primecap Management Co. CA trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,079,180 shares of the computer hardware maker's stock after selling 109,050 shares during the quarter. NVIDIA comprises 2.0% of Primecap Management Co. CA's holdings, making the stock its 8th biggest position. Primecap Management Co. CA owned about 0.07% of NVIDIA worth $3,417,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Palisade Capital Management LP lifted its holdings in shares of NVIDIA by 11.3% in the second quarter. Palisade Capital Management LP now owns 282,019 shares of the computer hardware maker's stock valued at $56,429,000 after buying an additional 28,724 shares during the period. Cooper Haims Advisors LLC boosted its stake in NVIDIA by 12.6% during the second quarter. Cooper Haims Advisors LLC now owns 12,877 shares of the computer hardware maker's stock valued at $2,577,000 after buying an additional 1,445 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in NVIDIA by 5.4% during the second quarter. Canada Pension Plan Investment Board now owns 51,428,520 shares of the computer hardware maker's stock valued at $10,290,333,000 after buying an additional 2,642,169 shares in the last quarter. Kapitalo Investimentos Ltda boosted its stake in NVIDIA by 13.0% during the second quarter. Kapitalo Investimentos Ltda now owns 371,034 shares of the computer hardware maker's stock valued at $74,240,000 after buying an additional 42,650 shares in the last quarter. Finally, Castleark Management LLC grew its holdings in NVIDIA by 3.3% during the second quarter. Castleark Management LLC now owns 1,299,605 shares of the computer hardware maker's stock worth $260,038,000 after acquiring an additional 41,593 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mark Stevens sold 622,239 shares of the business's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the transaction, the director directly owned 2,336,531 shares of the company's stock, 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 document filed with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 34,918 shares of the business's stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. The trade was 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 1,766,118 shares of company stock worth $399,450,353 in the last 90 days. Company insiders own 3.94% of the company's stock.

NVIDIA Price Performance

NASDAQ NVDA opened at $229.28 on Friday. 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 1 year low of $164.27 and a 1 year high of $243.37. The company has a market cap of $5.53 trillion, a PE ratio of 28.99, a PEG ratio of 1.77 and a beta of 2.22. The stock's 50-day moving average price is $222.66 and its two-hundred day moving average price is $209.43.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $92.27 billion. During the same period last year, the firm posted $1.05 earnings per share. The firm's quarterly revenue was up 105.9% compared to the same quarter last year. On average, analysts predict that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA declared that its board has authorized a share buyback program on Monday, September 28th that authorizes the company to buy back $150.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Share repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

NVDA has been the topic of several research reports. Piper Sandler began coverage on shares of NVIDIA in a research report on Wednesday, September 9th. They issued an "overweight" rating and a $300.00 price target on the stock. Melius Research set a $420.00 price objective on shares of NVIDIA in a research report on Thursday, August 27th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday. Phillip Securities lifted their price objective on shares of NVIDIA from $285.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, August 31st. Finally, Royal Bank Of Canada boosted their target price on shares of NVIDIA from $300.00 to $330.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $321.89.

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

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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