VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 5,180,598 Shares of NVIDIA Corporation $NVDA

Key Points

• Virginia Retirement Systems purchased 5.18 million NVIDIA shares worth approximately $1.04 billion, making NVDA its largest portfolio position at about 6.2%. Institutional investors and hedge funds collectively own 65.27% of NVIDIA.
• NVIDIA reported stronger-than-expected quarterly results, with $2.22 in earnings per share and $96.22 billion in revenue, up 105.9% year over year. The company also authorized a $150 billion share-repurchase program and announced a quarterly dividend.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $321.47 price target, although concerns about AI infrastructure funding, semiconductor-sector pressure and NVIDIA’s elevated valuation could increase volatility.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,180,598 shares of the computer hardware maker's stock, valued at approximately $1,036,586,000. NVIDIA makes up about 6.2% of VIRGINIA RETIREMENT SYSTEMS ET Al's investment portfolio, making the stock its biggest position.

Several other institutional investors and hedge funds have also modified their holdings of NVDA. Longview Financial Advisors Inc. bought a new position in NVIDIA during the first quarter valued at about $27,000. Montgomery Financial Services LLC acquired a new stake in shares of NVIDIA in the second quarter worth about $28,000. Langley Wealth Management LLC bought a new stake in shares of NVIDIA during the 2nd quarter worth about $34,000. Phillip James Consulting Co. bought a new stake in shares of NVIDIA during the 1st quarter worth about $40,000. Finally, Bard Associates Inc. increased its holdings in shares of NVIDIA by 8,866.7% during the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock valued at $54,000 after acquiring an additional 266 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Down 4.4%

Shares of NASDAQ:NVDA opened at $212.21 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. The stock's 50-day moving average is $222.86 and its 200-day moving average is $212.57. The company has a market cap of $5.11 trillion, a P/E ratio of 26.83, a P/E/G ratio of 1.71 and a beta of 2.22. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $243.37.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 96.04% and a net margin of 63.66%. The business had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. The firm's revenue was up 105.9% compared to the same quarter last year. Equities research analysts predict that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA announced that its Board of Directors has authorized a share repurchase plan on Monday, September 28th that authorizes the company to repurchase $150.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to buy up to 2.8% of its stock through open market purchases. Share repurchase plans are usually a sign that the company's board believes its stock is 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 issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA's dividend payout ratio (DPR) is 12.64%.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the transaction, the chief financial officer directly owned 765,103 shares of the company's stock, valued at $167,595,812.15. The trade was a 4.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy Teter sold 30,460 shares of the company's stock in a transaction that occurred on 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 approximately $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. 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 have sold a total of 1,766,118 shares of company stock valued at $399,450,353 in the last three months. Company insiders own 3.94% of the company's stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: AI infrastructure demand remains robust. CEO Jensen Huang said neocloud demand is “off the charts,” while Super Micro’s significantly higher revenue outlook and SpaceX’s plans to add substantial computing capacity provided evidence that customers continue expanding AI infrastructure. Nvidia CEO Jensen Huang says neocloud demand is off the charts but capital is scarce
• Positive Sentiment: GTC Berlin expanded NVIDIA’s addressable market. The company introduced DSX POD modular Vera Rubin AI factories, designed to reduce deployment timelines from roughly six months to as little as 14 days. Its DSX platform also targets up to 30% lower power consumption and near-zero cooling-water usage, potentially easing customers’ power and permitting constraints. NVIDIA introduces DSX POD AI factories
• Positive Sentiment: Platform expansion supports the long-term bull case. New partnerships involving AI-agent security, robotics, autonomous vehicles, telecom networks, quantum-computing interfaces and industrial AI reinforce NVIDIA’s strategy of selling a broader full-stack computing ecosystem rather than only GPUs.
• Neutral Sentiment: Quantum news is strategically relevant but not yet a material earnings driver. Quantum X Labs reported improved error-correction results using NVIDIA CUDA-Q, illustrating ecosystem adoption, although the announcement does not provide meaningful near-term revenue information for NVIDIA.
• Negative Sentiment: Investors are questioning AI-spending sustainability and financing. Concerns that hyperscalers, neoclouds and other customers may struggle to fund massive data-center buildouts are weighing on the entire AI trade. Rising-rate risk adds pressure to high-growth technology valuations.
• Negative Sentiment: Semiconductor-sector pressure compounded the decline. Chip stocks weakened after Lam Research cited supply-chain constraints, while broader technology indexes also fell. NVIDIA’s high valuation and upcoming earnings raise the risk of a “sell-the-news” reaction even if results exceed expectations.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NVDA shares. Needham & Company LLC reissued a "buy" rating and issued a $300.00 price objective on shares of NVIDIA in a research note on Wednesday. Piper Sandler initiated coverage on NVIDIA in a report on Wednesday, September 9th. They issued an "overweight" rating and a $300.00 target price for the company. Sanford C. Bernstein reaffirmed a "buy" rating on shares of NVIDIA in a research report on Monday, September 21st. DA Davidson reiterated a "buy" rating and set a $300.00 price target on shares of NVIDIA in a report on Thursday, August 27th. Finally, Daiwa Securities Group dropped their price target on shares of NVIDIA from $255.00 to $245.00 and set an "outperform" rating on the stock in a research report on Thursday, September 17th. Five research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $321.47.

NVIDIA Company Profile

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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