Y Intercept Hong Kong Ltd Buys Shares of 129,840 NVIDIA Corporation $NVDA

Y Intercept Hong Kong Ltd bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 129,840 shares of the computer hardware maker’s stock, valued at approximately $25,980,000. NVIDIA makes up approximately 0.5% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 13th largest holding.

Other hedge funds also recently modified their holdings of the company. Lifetime Wealth Management P.C. acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $26,000. Longview Financial Advisors Inc. bought a new stake in NVIDIA during the first quarter worth approximately $27,000. Longfellow Investment Management Co. LLC grew its position in NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares during the last quarter. Phillip James Consulting Co. bought a new position in shares of NVIDIA in the first quarter valued at $40,000. Finally, Inspire Investing LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at $44,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent research reports. Oppenheimer set a $265.00 target price on NVIDIA in a report on Thursday, August 20th. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research note on Tuesday, June 2nd. Morgan Stanley reissued an “overweight” rating on shares of NVIDIA in a research report on Tuesday, August 11th. BNP Paribas Exane upped their price target on shares of NVIDIA from $270.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $300.00 price objective (up from $275.00) on shares of NVIDIA in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $308.46.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s launch of the Groq 3 LPX into full production strengthens its inference-AI portfolio. The accelerator reportedly achieved 3,400 output tokens per second in benchmarking, while Nebius plans to become its first AI-cloud customer. NVIDIA Groq 3 LPX production announcement
• Positive Sentiment: The new Jetson Orin Nano 2 robotics computer delivers twice the inference performance of its predecessor at the same size and uses 40% less power, expanding NVIDIA’s opportunity in edge AI, robotics and autonomous systems. Jetson Orin Nano 2 announcement
• Positive Sentiment: Wall Street expects another exceptionally strong quarter, with consensus revenue near $92 billion and approximately 95% year-over-year growth. Analysts including Raymond James, Rosenblatt, KeyBanc and Cantor Fitzgerald maintained bullish ratings and price targets ranging from $325 to $352. NVIDIA growth and Rubin earnings preview
• Neutral Sentiment: Options markets imply an unusually large post-earnings move, estimated at roughly 5.4% or approximately $280 billion in market value. Investors are focused on Rubin shipment growth, margins, hyperscaler demand, supply constraints and management’s forward guidance. NVIDIA options-implied earnings move
• Negative Sentiment: Despite strong expected results, NVIDIA entered earnings after a seven-session losing streak and is testing technical support. Investors increasingly worry that a simple earnings beat may already be priced in, particularly because the stock has often declined after prior beats. NVIDIA tests support ahead of earnings
• Negative Sentiment: Reports of potential 15% or greater price increases for next-generation AI servers could create customer resistance and give competing chips or custom silicon an opening. Concerns also persist around hyperscalers’ heavy capital spending, NVIDIA’s AI investments and financing arrangements, and possible competition from startups such as Etched and Cerebras. NVIDIA hyperscaler dependence
• Negative Sentiment: Taiwanese authorities indicted individuals, including employees linked to NVIDIA and Super Micro, over alleged illegal AI-server exports to China, adding regulatory and geopolitical risk. Taiwan AI-server export investigation

NVIDIA Stock Up 2.2%

NVIDIA stock opened at $213.05 on Wednesday. The firm has a market cap of $5.16 trillion, a PE ratio of 32.63, a P/E/G ratio of 0.41 and a beta of 2.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The firm’s 50 day moving average price is $207.50 and its two-hundred day moving average price is $200.09. NVIDIA Corporation has a twelve month low of $164.07 and a twelve month high of $236.54.

NVIDIA declared that its Board of Directors has approved a stock buyback program on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 885,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the sale, the director directly owned 5,207,271 shares of the company’s stock, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,900,500 shares of company stock valued at $410,449,265. 3.94% of the stock is owned by corporate insiders.

NVIDIA Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.