NVIDIA Corporation $NVDA Shares Newly Acquired by Tenet Wealth Partners LLC

Tenet Wealth Partners LLC acquired a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 16,330 shares of the computer hardware maker’s stock, valued at approximately $3,209,000. NVIDIA accounts for approximately 2.4% of Tenet Wealth Partners LLC’s holdings, making the stock its 8th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Jupiter Topco LLC acquired a new position in shares of NVIDIA in the second quarter worth $16,156,076,000. Van ECK Associates Corp grew its stake in NVIDIA by 34.7% in the second quarter. Van ECK Associates Corp now owns 75,849,721 shares of the computer hardware maker’s stock valued at $15,176,771,000 after purchasing an additional 19,522,304 shares in the last quarter. Amundi increased its position in NVIDIA by 10.4% in the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock worth $23,329,141,000 after purchasing an additional 12,575,177 shares during the last quarter. Nykredit A S acquired a new position in NVIDIA in the 2nd quarter worth about $2,315,956,000. Finally, SEB Asset Management AB acquired a new position in NVIDIA in the 1st quarter worth about $1,692,807,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Reportedly, ByteDance, Alibaba and Tencent have placed more than $35 billion in NVIDIA chip orders. The agreement could reopen a significant Chinese market, although the arrangement reportedly includes the U.S. government receiving 15% of Chinese sales. NVIDIA China chip orders
• Positive Sentiment: OpenAI is reportedly raising approximately $30 billion, while NVIDIA has agreed to guarantee up to $105 billion of obligations tied to an Ohio data-center campus OpenAI will lease. The deal could support substantial future demand for NVIDIA systems, but also increases NVIDIA’s exposure to customer financing. OpenAI fundraising and NVIDIA
• Positive Sentiment: Anthropic is reportedly discussing an expansion that could take its Nscale commitment to roughly $90 billion, potentially benefiting NVIDIA as a leading supplier of AI infrastructure. Anthropic Nscale expansion
• Positive Sentiment: NVIDIA announced German partnerships, investments in AI startups and a broader European AI initiative approaching $10 billion, strengthening its position in sovereign and industrial AI. NVIDIA German AI investments
• Positive Sentiment: A record 104-qubit fault-tolerant quantum simulation on Europe’s JUPITER supercomputer demonstrated NVIDIA’s CUDA-Q, cuQuantum and accelerated-computing capabilities, expanding its longer-term technology opportunity beyond AI. NVIDIA quantum simulation
• Neutral Sentiment: Amazon is reportedly receiving billions of dollars of NVIDIA GB300 systems, but some racks are being stored because data centers lack sufficient power. This confirms demand while highlighting deployment bottlenecks. Amazon NVIDIA GPU systems
• Negative Sentiment: Google’s open-source TorchTPU and Amazon’s TorchNeuron initiatives are designed to make competing AI chips easier to use, threatening NVIDIA’s CUDA software moat and long-term pricing power. Google and Amazon challenge NVIDIA CUDA
• Negative Sentiment: Investors remain concerned that heavily indebted neocloud customers, including CoreWeave, may struggle with higher borrowing costs. NVIDIA’s guarantees and investment relationships increase fears that AI infrastructure spending could involve circular or financially fragile demand. Why NVIDIA needs CoreWeave
• Negative Sentiment: Broad semiconductor selling, fading momentum in the AI trade and hedge-fund technology reductions are weighing on NVDA’s near-term performance despite continued strong chip demand. Chip stocks decline

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NVDA shares. JPMorgan Chase & Co. lifted their price target on NVIDIA from $280.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a report on Monday, September 21st. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research report on Friday, October 9th. Weiss Ratings upgraded shares of NVIDIA from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday. Finally, Truist Financial boosted their target price on shares of NVIDIA from $307.00 to $346.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Five research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and a consensus price target of $321.47.

NVIDIA Trading Down 0.3%

Shares of NVDA stock opened at $216.47 on Wednesday. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $243.37. The firm’s fifty day simple moving average is $223.17 and its 200 day simple moving average is $212.01. The firm has a market capitalization of $5.22 trillion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 1.67 and a beta of 2.22. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion during 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 last year, the company earned $1.05 EPS. As a group, sell-side analysts predict that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were given a $0.25 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA’s payout ratio is 12.64%.

NVIDIA announced that its board has approved a share repurchase program on Monday, September 28th that allows the company to repurchase $150.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to purchase up to 2.8% of its stock through open market purchases. Share buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Timothy Teter sold 30,460 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares of the company’s stock, valued at $598,810,648. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of NVIDIA 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 transaction, the director directly owned 2,336,531 shares of the company’s stock, valued at $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,766,118 shares of company stock worth $399,450,353 in the last three months. Insiders own 3.94% of the company’s stock.

NVIDIA 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.