Summit Global Investments Cuts Stock Position in NVIDIA Corporation $NVDA

Key Points

• Summit Global Investments cut its NVIDIA stake by 22.4% in the second quarter, selling 35,333 shares. NVIDIA remains the firm’s fourth-largest holding, representing 1.3% of its portfolio and valued at $24.5 million.
• NVIDIA insiders sold 1.74 million shares worth approximately $392.7 million over the past quarter, including major sales by EVP Timothy Teter and director Mark Stevens.
• Wall Street remains broadly bullish, with an average “Buy” rating and a consensus price target of $324.34. NVIDIA’s latest quarterly results exceeded expectations, with revenue up 105.9% year over year to $96.22 billion.

Summit Global Investments lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,669 shares of the computer hardware maker's stock after selling 35,333 shares during the period. NVIDIA makes up 1.3% of Summit Global Investments' investment portfolio, making the stock its 4th biggest holding. Summit Global Investments' holdings in NVIDIA were worth $24,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Lifetime Wealth Management P.C. bought a new stake in NVIDIA during the 4th quarter worth approximately $26,000. Longview Financial Advisors Inc. bought a new position in shares of NVIDIA during the first quarter valued at about $27,000. Phillip James Consulting Co. purchased a new position in shares of NVIDIA in the 1st quarter worth approximately $40,000. Syntax Research Inc. boosted its stake in shares of NVIDIA by 62.5% in the 4th quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock worth $49,000 after buying an additional 100 shares during the last quarter. Finally, Frankly Finances LLC bought a new position in NVIDIA in the 2nd quarter valued at $60,000. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, EVP Timothy Teter sold 30,000 shares of the company's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $217.88, for a total transaction of $6,536,400.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at approximately $585,587,360.80. This represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 stock was 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 $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,735,658 shares of company stock worth $392,663,865. 3.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on NVDA. Tigress Financial reaffirmed a "strong-buy" rating and issued a $425.00 price target (up from $360.00) on shares of NVIDIA in a report on Wednesday, May 27th. Truist Financial raised their target price on NVIDIA from $307.00 to $346.00 and gave the stock a "buy" rating in a research note on Thursday, August 27th. Rothschild & Co Redburn upped their price target on NVIDIA from $300.00 to $325.00 in a research report on Thursday, August 27th. BMO Capital Markets set a $340.00 price target on shares of NVIDIA and gave the stock an "outperform" rating in a report on Thursday, August 20th. Finally, William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Buy" and a consensus target price of $324.34.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: CEO Jensen Huang said NVIDIA expects to sell roughly twice as many chips next year, reinforcing expectations that hyperscaler spending on AI data centers remains strong. The forecast includes demand for GPUs, CPUs, networking equipment and complete server racks. Nvidia Chip Sales Could Double Next Year, CEO Jensen Huang Says
• Positive Sentiment: Analysts and market commentators increasingly view NVIDIA as attractively valued relative to its growth. Its scale, diversified AI exposure, high profitability and lower forward valuation multiple give it an advantage over peers such as Credo, while some estimates suggest revenue growth could remain near 70% in fiscal 2028. Credo vs. NVIDIA After Earnings
• Positive Sentiment: AI infrastructure demand is expanding beyond processors into high-bandwidth memory and optical networking. NVIDIA has identified memory and silicon photonics as potential bottlenecks and has committed capital and purchase agreements involving suppliers such as Coherent and Lumentum, signaling sustained demand throughout its supply chain.
• Positive Sentiment: New ecosystem activity supports NVIDIA’s long-term growth narrative. Cloud partner CoreWeave is deploying next-generation Vera Rubin clusters, while NVIDIA-backed Nscale filed for a U.S. IPO. NVIDIA technology is also being used in autonomous trading systems, quantum-computing research and planned enterprise augmented-reality products.
• Neutral Sentiment: Speculative initiatives, including potential orbital data centers with SpaceX and NVIDIA’s quantum-computing software, could create future demand but are unlikely to materially affect near-term revenue.
• Negative Sentiment: Investors remain alert to competition from Huawei’s planned 2027 Ascend chips, possible AI-spending deceleration, rising memory costs that could pressure gross margins, and the effects of higher interest rates. The stock’s elevated valuation and dependence on continued hyperscaler capital expenditure also leave it sensitive to disappointing guidance.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $222.27 on Monday. 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 stock has a market cap of $5.36 trillion, a PE ratio of 28.10, a PEG ratio of 1.72 and a beta of 2.22. The company's fifty day moving average is $214.66 and its 200 day moving average is $204.44. NVIDIA Corporation has a 52 week low of $164.27 and a 52 week high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The company's quarterly revenue was up 105.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. Research analysts anticipate that NVIDIA Corporation will post 9.25 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued 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 is Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is 12.64%.

NVIDIA Company Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

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