Convergence Financial LLC Boosts Stock Holdings in NVIDIA Corporation $NVDA

Convergence Financial LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 93.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,689 shares of the computer hardware maker's stock after purchasing an additional 54,480 shares during the quarter. NVIDIA comprises 1.8% of Convergence Financial LLC's portfolio, making the stock its 9th largest position. Convergence Financial LLC's holdings in NVIDIA were worth $22,548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. TBH Global Asset Management LLC increased its position in shares of NVIDIA by 1.3% during the second quarter. TBH Global Asset Management LLC now owns 21,019 shares of the computer hardware maker's stock valued at $4,206,000 after acquiring an additional 273 shares in the last quarter. Triton Wealth Management PLLC lifted its position in NVIDIA by 4.3% in the 2nd quarter. Triton Wealth Management PLLC now owns 58,058 shares of the computer hardware maker's stock valued at $11,851,000 after acquiring an additional 2,399 shares in the last quarter. Bridgewater Advisors Inc. lifted its position in NVIDIA by 1.0% in the 2nd quarter. Bridgewater Advisors Inc. now owns 128,408 shares of the computer hardware maker's stock valued at $26,534,000 after acquiring an additional 1,230 shares in the last quarter. SFE Investment Counsel increased its holdings in shares of NVIDIA by 1.9% in the 2nd quarter. SFE Investment Counsel now owns 138,995 shares of the computer hardware maker's stock worth $27,812,000 after purchasing an additional 2,610 shares in the last quarter. Finally, Affinity Investment Advisors LLC raised its stake in shares of NVIDIA by 3.3% in the second quarter. Affinity Investment Advisors LLC now owns 15,784 shares of the computer hardware maker's stock worth $3,158,000 after purchasing an additional 509 shares during the last quarter. 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: Elon Musk said xAI’s Colossus 2 data center could more than double its NVIDIA chip count by year-end. The facility reportedly already uses 110,000 GB200 and 440,000 GB300 GPUs, reinforcing expectations for large hyperscaler and AI-lab orders. xAI Colossus 2 chip deployment article
• Positive Sentiment: Industry commentary indicates NVIDIA GPU demand is so strong that even poorly built cloud infrastructure can attract customers at healthy margins. This supports the view that AI compute demand still exceeds available supply. NVIDIA GPU demand article
• Positive Sentiment: RMX Industries placed an order for NVIDIA H200 GPU systems through Technologent, providing another example of demand for NVIDIA’s data-center products. Super Micro’s shipment of Vera Rubin NVL72 racks also signals that next-generation systems are reaching customers. RMX H200 purchase order article
• Positive Sentiment: Analysts continue to favor NVIDIA over competing AI-chip names such as Micron and Marvell, citing broader AI exposure, stronger margins and higher returns on equity. Bullish coverage also points to a potential Vera Rubin volume ramp and substantial cloud infrastructure backlogs. Micron versus NVIDIA analysis
• Neutral Sentiment: Extended U.S.-China trade discussions may eventually improve NVIDIA’s China opportunity, but export restrictions remain unresolved. The stock is also testing important technical levels after a strong recent advance. NVIDIA technical and China outlook article
• Negative Sentiment: EVP Timothy Teter sold approximately $6.8 million of NVIDIA shares under a pre-arranged Rule 10b5-1 plan. The sale was only about 1.1% of his holdings and does not indicate a fundamental change, but it may weigh on sentiment alongside broader reports of insider profit-taking. NVIDIA insider sale article
• Negative Sentiment: Higher memory costs are expected to pressure NVIDIA’s gross margins, while rising Treasury yields could compress the valuation of high-growth technology stocks. Investors are therefore balancing exceptional AI demand against increasing supply-chain costs and macroeconomic risk.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction that occurred 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 sale, the executive vice president owned 2,687,660 shares of the company's stock, valued at $598,810,648. The trade was a 1.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the transaction, the chief financial officer owned 765,103 shares of the company's stock, valued at $167,595,812.15. This represents a 4.36% 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 in the last quarter. 3.94% of the stock is owned by corporate insiders.

NVIDIA Stock Up 0.2%

Shares of NVDA stock opened at $225.07 on Friday. The company's fifty day simple moving average is $216.52 and its two-hundred day simple moving average is $205.86. 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 $5.42 trillion, a P/E ratio of 28.45, a PEG ratio of 1.73 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.

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 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 during the quarter, compared to analyst estimates of $92.27 billion. During the same quarter last year, the business posted $1.05 earnings per share. The business's quarterly revenue was up 105.9% compared to the same quarter last year. Analysts predict that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders 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 yield of 0.4%. The ex-dividend date is Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is currently 12.64%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NVDA. Royal Bank Of Canada increased their price objective on NVIDIA from $300.00 to $330.00 and gave the company an "outperform" rating in a research report on Thursday, August 27th. Melius Research set a $420.00 price target on NVIDIA in a research note on Thursday, August 27th. TD Cowen reiterated a "buy" rating on shares of NVIDIA in a research note on Tuesday, August 18th. Rosenblatt Securities reiterated a "buy" rating and set a $390.00 target price on shares of NVIDIA in a research report on Friday, September 4th. Finally, Morgan Stanley set a $300.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Four equities research analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $324.14.

About NVIDIA

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

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