Summit Place Financial Advisors LLC reduced its NVIDIA shareholding by 11.3% during Q3, offloading 6,420 shares to end the period with 50,533 shares. Despite the sale, NVIDIA remained the fund’s largest position, representing 4.4% of its total assets. At quarter-end, Summit Place’s stake was valued at $9.43 million according to the latest SEC Form 13F filing.

Fourteen research firms have raised price targets on NVIDIA in recent months, with Citic Securities lifting its target from $237 to $242, and President Capital increasing its to $245. Overall, 51 analysts cover the company: four rate it as a Strong Buy, 47 as a Buy and two as Hold. The consensus target indicates upside potential of roughly 40% from current levels and underpins a unanimous Buy consensus.

In its latest quarter, NVIDIA posted revenue growth of 62.5% year-over-year, driven by data center sales that grew by more than 70%. GAAP net margin exceeded 50%, while return on equity approached 100%, underscoring exceptional profitability. Management forecast current-year adjusted EPS of approximately 2.77 and reiterated capital allocation plans, including a quarterly dividend and continued share repurchases to return capital to shareholders.