TrinityBridge Ltd Buys 85,102 Shares of NVIDIA Corporation $NVDA

Key Points

• TrinityBridge increased its NVIDIA stake by 22.6% in the second quarter, purchasing 85,102 additional shares for a total of 462,177 shares valued at approximately $92.3 million.
• NVIDIA maintains strong institutional support, with institutions and hedge funds owning 65.27% of its shares. Analysts largely remain bullish, giving the stock a consensus “Buy” rating and an average price target of $321.89.
• The company reported quarterly earnings and revenue above expectations and authorized a major share-repurchase program, while insiders sold roughly $399.5 million of stock during the last quarter.

TrinityBridge Ltd grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 462,177 shares of the computer hardware maker's stock after buying an additional 85,102 shares during the period. NVIDIA makes up 2.5% of TrinityBridge Ltd's portfolio, making the stock its 14th biggest position. TrinityBridge Ltd's holdings in NVIDIA were worth $92,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Bernicke Wealth Management Ltd. grew its stake in NVIDIA by 1.0% in the second quarter. Bernicke Wealth Management Ltd. now owns 54,769 shares of the computer hardware maker's stock valued at $10,959,000 after acquiring an additional 549 shares during the period. Silvant Capital Management LLC raised its position in shares of NVIDIA by 1.9% during the second quarter. Silvant Capital Management LLC now owns 2,174,219 shares of the computer hardware maker's stock worth $435,040,000 after purchasing an additional 40,560 shares during the period. Impax Asset Management Group plc grew its position in shares of NVIDIA by 2.2% in the 2nd quarter. Impax Asset Management Group plc now owns 3,722,756 shares of the computer hardware maker's stock valued at $744,886,000 after purchasing an additional 81,671 shares during the period. KilterHowling LLC grew its position in shares of NVIDIA by 2.6% in the 2nd quarter. KilterHowling LLC now owns 8,185 shares of the computer hardware maker's stock valued at $1,638,000 after purchasing an additional 211 shares during the period. Finally, Kilter Group LLC increased its stake in NVIDIA by 5.9% during the 2nd quarter. Kilter Group LLC now owns 8,795 shares of the computer hardware maker's stock worth $1,760,000 after purchasing an additional 491 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Morgan Stanley set a $230.00 target price on shares of NVIDIA in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of NVIDIA from $280.00 to $320.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Rosenblatt Securities restated a "buy" rating and set a $390.00 price objective on shares of NVIDIA in a report on Tuesday, September 29th. Wall Street Zen cut shares of NVIDIA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 26th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $300.00 target price on shares of NVIDIA in a research note on Friday, September 4th. Four analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $321.89.

NVIDIA Stock Up 2.1%

NVDA stock opened at $238.90 on Tuesday. 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 business has a 50 day moving average price of $219.59 and a two-hundred day moving average price of $208.05. The company has a market cap of $5.76 trillion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 1.81 and a beta of 2.22. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $240.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly 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. The firm had revenue of $96.22 billion for 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%.The business's quarterly 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. Analysts anticipate that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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

Key Headlines Impacting 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

Insider Activity

In related news, Director Mark A. 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 completion of the sale, the director directly owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares of the company's stock, valued at $598,810,648. The trade was a 1.12% 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 a total of 1,766,118 shares of company stock valued at $399,450,353 in the last quarter. 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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