2,709 NVIDIA Corporation $NVDA Shares Acquired by Rehmann Capital Advisory Group

Key Points

• Rehmann Capital Advisory Group increased its NVIDIA stake by 1.8%, buying 2,709 shares to hold 150,653 shares valued at approximately $30.1 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA’s outlook remains broadly positive among analysts, with an average “Buy” rating and an average price target of $321.89, while the company reported quarterly revenue of $96.22 billion, up 105.9% year over year.
• Growth momentum faces financing and competition concerns. New AI-powered products and partnerships with automotive and enterprise customers support demand, but leveraged AI customers, slower-than-expected revenue expectations and potential competing chips remain key risks.

Rehmann Capital Advisory Group raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,653 shares of the computer hardware maker's stock after purchasing an additional 2,709 shares during the period. NVIDIA accounts for approximately 1.3% of Rehmann Capital Advisory Group's holdings, making the stock its 12th biggest position. Rehmann Capital Advisory Group's holdings in NVIDIA were worth $30,127,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NVDA. Jupiter Topco LLC bought a new position in NVIDIA during the second quarter valued at approximately $16,156,076,000. Van ECK Associates Corp grew its holdings in NVIDIA by 34.7% during the 2nd 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 buying an additional 19,522,304 shares in the last quarter. Amundi increased its stake 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 acquiring an additional 12,575,177 shares during the last quarter. SEB Asset Management AB bought a new stake in NVIDIA in the 1st quarter worth approximately $1,692,807,000. Finally, Employees Provident Fund Board bought a new stake in NVIDIA in the 4th quarter worth approximately $1,243,336,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: New RTX Spark laptops expand NVIDIA’s addressable market. Systems from ASUS, Dell, HP, Lenovo, Microsoft and MSI are now available starting at $2,599, combining Blackwell graphics, up to 128GB of memory and local AI capabilities. The launch could create a new consumer and developer revenue stream beyond data centers. NVIDIA RTX Spark PCs Available Today
• Positive Sentiment: Automotive and enterprise adoption continues. Volvo expanded its partnership with NVIDIA for automated-driving systems, while Adobe is integrating NVIDIA technology across Photoshop, Premiere and other creative tools. These agreements support longer-term demand for NVIDIA hardware and software. Volvo Cars expands automated driving partnership
• Positive Sentiment: Supply-chain investment and customer deployments remain strong. Taiwan is reportedly considering as much as $4 billion for Texas industrial parks serving NVIDIA suppliers, and customers continue deploying Blackwell systems. The developments reinforce demand, although they may take time to affect revenue. Taiwan Texas industrial parks
• Neutral Sentiment: NVIDIA is broadening its software and AI-model ecosystem. Paid offerings such as AI Enterprise and Mission Control, along with Nemotron open models and partnerships with AI startups, could make earnings less dependent on hardware. However, the articles provide no near-term financial contribution.
• Negative Sentiment: AI financing concerns are the main pressure. CoreWeave’s debt has reportedly traded at distressed yields, raising questions about whether highly leveraged customers can continue funding data-center expansion. Higher Treasury yields and inflation concerns are also making large AI projects more expensive. CoreWeave financing worries
• Negative Sentiment: Investors are questioning AI growth expectations. OpenAI’s reported $50 billion revenue run rate was below the roughly $68 billion previously anticipated, prompting concern that AI demand may mature more slowly. Microsoft’s development of custom Maia chips also highlights the risk of customers developing alternatives to NVIDIA GPUs. OpenAI revenue expectations
• Negative Sentiment: Reported insider selling adds a sentiment overhang. Recent data showed NVIDIA insiders made numerous sales and no open-market purchases over the past six months, though such transactions may reflect planned diversification rather than a change in business outlook.

Analysts Set New Price Targets

Several analysts have recently issued reports on NVDA shares. President Capital upped their price objective on NVIDIA from $295.00 to $330.00 in a report on Thursday, August 27th. Daiwa Securities Group cut their target price on shares of NVIDIA from $255.00 to $245.00 and set an "outperform" rating for the company in a report on Thursday, September 17th. DA Davidson restated a "buy" rating and issued a $300.00 price target on shares of NVIDIA in a research report on Thursday, August 27th. Stifel Nicolaus set a $315.00 price target on shares of NVIDIA in a research report on Thursday, August 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of NVIDIA from $280.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $321.89.

NVIDIA Trading Down 1.4%

NASDAQ NVDA traded down $3.10 during trading hours on Friday, hitting $214.13. 120,783,023 shares of the company were exchanged, compared to its average volume of 108,333,480. The stock has a 50-day moving average price of $223.20 and a 200 day moving average price of $211.10. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 52 week low of $164.27 and a 52 week high of $243.37. The stock has a market cap of $5.16 trillion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.67 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The business had revenue of $96.22 billion for 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 earnings per share. Analysts forecast that NVIDIA Corporation will post 9.27 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA's payout ratio is currently 12.64%.

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

Insider Activity

In related news, EVP Timothy S. 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 value of $6,786,488.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares in the company, valued at $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,766,118 shares of company stock valued at $399,450,353. 3.94% of the stock is currently owned by insiders.

About NVIDIA

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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