Summitry LLC Sells 44,216 Shares of NVIDIA Corporation $NVDA

Key Points

• Summitry LLC reduced its NVIDIA stake by 22.8% in the second quarter, selling 44,216 shares and retaining 149,946 shares valued at approximately $30 million. Institutional investors collectively own 65.27% of the company.
• Wall Street remains broadly bullish on NVIDIA, with 50 analysts rating the stock a Buy, two issuing Strong Buy ratings, and a consensus price target of $324.83.
• NVIDIA reported quarterly earnings and revenue above analyst expectations, with revenue up 105.9% year over year. The company also declared a $0.25 quarterly dividend and authorized an $80 billion share-repurchase program.

Summitry LLC trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,946 shares of the computer hardware maker's stock after selling 44,216 shares during the period. Summitry LLC's holdings in NVIDIA were worth $30,003,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Greenbush Financial Group LLC boosted its holdings in shares of NVIDIA by 2.3% during the 2nd quarter. Greenbush Financial Group LLC now owns 27,010 shares of the computer hardware maker's stock valued at $5,404,000 after buying an additional 607 shares in the last quarter. TriaGen Wealth Management LLC grew its position in shares of NVIDIA by 23.4% in the 2nd quarter. TriaGen Wealth Management LLC now owns 49,597 shares of the computer hardware maker's stock worth $9,924,000 after buying an additional 9,412 shares during the period. Sculati Wealth Management LLC increased its stake in shares of NVIDIA by 1.4% in the 2nd quarter. Sculati Wealth Management LLC now owns 11,671 shares of the computer hardware maker's stock worth $2,367,000 after acquiring an additional 161 shares in the last quarter. Leslie Global Wealth LLC lifted its position in NVIDIA by 2.7% during the 2nd quarter. Leslie Global Wealth LLC now owns 11,759 shares of the computer hardware maker's stock valued at $2,353,000 after acquiring an additional 311 shares during the period. Finally, Legacy Advisory Services LLC boosted its stake in NVIDIA by 2.3% during the second quarter. Legacy Advisory Services LLC now owns 3,162 shares of the computer hardware maker's stock worth $633,000 after acquiring an additional 72 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NVDA shares. Barclays reaffirmed an "overweight" rating on shares of NVIDIA in a research note on Thursday, May 21st. Royal Bank Of Canada boosted their price target on NVIDIA from $300.00 to $330.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. CICC Research upped their price target on NVIDIA from $240.60 to $268.30 and gave the stock an "outperform" rating in a research note on Friday, May 22nd. Susquehanna reaffirmed a "positive" rating and set a $275.00 price objective (up from $250.00) on shares of NVIDIA in a research report on Tuesday, May 12th. Finally, Robert W. Baird set a $500.00 target price on NVIDIA and gave the stock an "outperform" rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $324.83.

NVIDIA Trading Down 2.0%

Shares of NASDAQ:NVDA opened at $225.73 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $236.54. The company has a market cap of $5.44 trillion, a P/E ratio of 28.54, a PEG ratio of 1.81 and a beta of 2.22. The stock's fifty day moving average price is $211.83 and its 200-day moving average price is $202.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. The business had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.NVIDIA's revenue was up 105.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. Sell-side analysts expect that NVIDIA Corporation will post 9.1 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's payout ratio is presently 12.64%.

NVIDIA declared that its board has authorized a share repurchase plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA continues to benefit from exceptional AI infrastructure demand. Recent analysis highlighted $96.2 billion in quarterly revenue, 106% year-over-year growth, strong data-center momentum and management’s expectation for approximately 70% revenue growth in fiscal 2028. Blackwell, networking and the upcoming Vera Rubin platform provide additional product catalysts. Nvidia's Earnings Staircase Keeps The Momentum Rolling
• Positive Sentiment: CEO Jensen Huang reinforced the investment case by describing NVIDIA’s computing hardware as durable, rentable and capable of generating revenue for customers even as chips age. Continued rental demand for older H100 systems supports the resale and utilization value of NVIDIA’s installed base. Jensen Huang Calls Nvidia Chips a Revenue-Generating Asset
• Positive Sentiment: Customer and ecosystem news remains supportive: NVIDIA-backed Firmus signed a multiyear computing-capacity agreement with OpenAI, while Quantum Cyber announced an eight-GPU NVIDIA A100 cluster for autonomous defense and drone applications. These announcements indicate expanding use of NVIDIA hardware beyond traditional hyperscale deployments. Nvidia-backed Firmus Signs Deal With OpenAI
• Neutral Sentiment: NVIDIA’s approximately $12.9 billion acquisition of Hugging Face is viewed as a way to deepen its software and developer ecosystem, but investors are watching whether the open-source community embraces the platform under NVIDIA ownership and whether the deal produces adequate returns.
• Neutral Sentiment: Supplier activity points to sustained demand but also rising execution and financing requirements. Wistron announced a $1.5 billion share sale to fund materials and capacity, illustrating the capital intensity of the AI-server buildout without directly changing NVIDIA’s earnings outlook.
• Negative Sentiment: Director Mark Stevens sold 1,022,239 NVIDIA shares for approximately $235.6 million across September 3–4, reducing his direct ownership by roughly one-third across the reported transactions. Although insider sales do not necessarily signal deteriorating fundamentals, the size of the sales can weigh on sentiment.
• Negative Sentiment: The stock’s pullback reflects profit-taking after three sessions of gains and weaker risk appetite linked to higher oil prices and renewed Middle East tensions. Investors also continue to debate competition from custom AI chips, data-center opposition, customer concentration and whether AI spending can justify NVIDIA’s multitrillion-dollar valuation.

Insider Buying and Selling

In related news, Director Mark Stevens sold 885,000 shares of the firm's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the sale, the director owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Teter sold 30,000 shares of NVIDIA stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $217.88, for a total transaction of $6,536,400.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at approximately $585,587,360.80. This trade represents a 1.10% decrease in their position. 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. In the last 90 days, insiders have sold 2,585,740 shares of company stock worth $571,015,527. 3.94% of the stock is owned by insiders.

About NVIDIA

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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