9,373 NVIDIA Corporation $NVDA Shares Acquired by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group increased its NVIDIA position by 9,373 shares, bringing its holdings to 1.66 million shares valued at approximately $331.2 million. NVIDIA now represents about 4% of the firm’s portfolio, while institutional investors own 65.27% of the stock.
• NVIDIA reported strong quarterly results, with revenue rising 105.9% year over year to $96.22 billion and earnings exceeding analyst expectations. Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $324.14.
• The company authorized an additional $150 billion share-repurchase program, signaling confidence in its cash generation and valuation. However, investors continue to face risks from a potential slowdown in AI infrastructure spending, competitive alternative chips and rising memory and networking costs.

Citizens Financial Group Inc. RI grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,655,059 shares of the computer hardware maker's stock after purchasing an additional 9,373 shares during the period. NVIDIA makes up approximately 4.0% of Citizens Financial Group Inc. RI's investment portfolio, making the stock its 4th biggest position. Citizens Financial Group Inc. RI's holdings in NVIDIA were worth $331,161,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NVDA. Cornerstone Advisors LLC increased its holdings in shares of NVIDIA by 9.4% in the 2nd quarter. Cornerstone Advisors LLC now owns 1,181,889 shares of the computer hardware maker's stock worth $236,484,000 after buying an additional 101,589 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of NVIDIA by 26.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 11,950 shares of the computer hardware maker's stock valued at $2,391,000 after acquiring an additional 2,516 shares during the last quarter. Aegis Wealth Management LLC bought a new position in shares of NVIDIA in the 2nd quarter valued at about $1,868,000. UNIVEST FINANCIAL Corp grew its position in NVIDIA by 4.5% in the second quarter. UNIVEST FINANCIAL Corp now owns 330,307 shares of the computer hardware maker's stock worth $66,091,000 after acquiring an additional 14,092 shares in the last quarter. Finally, Argyle Capital Partners LLC grew its position in NVIDIA by 8.3% in the second quarter. Argyle Capital Partners LLC now owns 13,586 shares of the computer hardware maker's stock worth $2,718,000 after acquiring an additional 1,036 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA authorized an additional $150 billion for share repurchases, raising total remaining authorization to approximately $235 billion through fiscal 2028. The move signals management’s confidence in the company’s cash generation and suggests it views the stock as attractively valued. Stock Market Today, Sept. 30: Nvidia Authorizes $150B Buyback, Lifting Total to $235B
• Positive Sentiment: The latest bullish case centers on sustained AI spending. NVIDIA’s data-center revenue reportedly surged 117% year over year to $89 billion, while management continues to forecast substantial growth despite the company’s enormous scale. Analysts cited valuation, hyperscaler capital expenditures and the company’s full-stack AI platform as potential upside drivers. Nvidia's Demand Outlook Still Supports The Bull Case
• Positive Sentiment: Political and regulatory developments were also favorable. President Donald Trump reportedly supported industry self-regulation at a White House AI meeting attended by CEO Jensen Huang, reducing near-term concerns that stricter rules could slow AI deployment. NVIDIA’s new AI safety platform could further support demand for inference, monitoring and networking infrastructure. Nvidia Was the Big Winner of Trump's AI Lunch, Here's Why
• Positive Sentiment: NVIDIA’s reported agreement to acquire Hugging Face for nearly $13 billion would expand its reach into open-source models, developer tools, datasets and AI distribution. The company is also investing in AI infrastructure partners, reinforcing its broader ecosystem strategy beyond GPUs. Nvidia just spent nearly $13 billion on something other than GPUs
• Neutral Sentiment: Softer-than-expected inflation helped support growth-oriented technology shares by reducing immediate expectations for additional Federal Reserve rate increases. However, higher interest rates remain a key valuation risk for AI-linked stocks. Why is Nvidia stock rising on Wednesday?
• Negative Sentiment: Risks remain around an AI spending slowdown, particularly if hyperscalers reduce capital expenditures. DeepSeek’s work with Huawei on software for alternative AI chips could also challenge NVIDIA’s software moat, while rising memory and networking costs may pressure gross margins. Investor Michael Burry’s reported bearish options position adds to skepticism, although it has not changed the company’s fundamental outlook. If AI Capex Cracks, Nvidia Could Feel It Before Meta Does

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Zacks Research upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Monday, September 21st. Stifel Nicolaus set a $315.00 price objective on NVIDIA in a research report on Thursday, August 27th. Jefferies Financial Group reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday, August 26th. Benchmark restated a "buy" rating and issued a $335.00 price target on shares of NVIDIA in a report on Thursday, August 27th. Finally, Evercore set a $465.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 27th. Four research analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $324.14.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 622,239 shares of the firm's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the sale, the director directly owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. This trade represents a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction that occurred on Monday, September 21st. The shares were 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 represents a 1.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,766,118 shares of company stock worth $399,450,353 over the last three months. Company insiders own 3.94% of the company's stock.

NVIDIA Trading Up 0.5%

Shares of NASDAQ:NVDA opened at $228.38 on Thursday. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $236.54. The stock has a market cap of $5.50 trillion, a price-to-earnings ratio of 28.87, a PEG ratio of 1.76 and a beta of 2.22. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $217.76 and a 200-day moving average price of $206.94.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The firm had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. NVIDIA's revenue for the quarter was up 105.9% on a year-over-year basis. Equities analysts predict that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is 12.64%.

NVIDIA declared that its board has authorized a share repurchase plan on Monday, September 28th that permits the company to repurchase $150.00 billion in shares. This repurchase authorization permits the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

NVIDIA Profile

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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