NVIDIA Corporation $NVDA Shares Bought by Covington Investment Advisors Inc.

Key Points

• Covington Investment Advisors increased its NVIDIA stake by 2.1% in the second quarter, bringing its holdings to 163,112 shares valued at approximately $32.6 million. Institutional investors collectively own 65.27% of NVIDIA.
• Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of $321.89; five analysts rate the stock a Strong Buy and 49 rate it a Buy.
• NVIDIA reported quarterly revenue of $96.22 billion, up 105.9% year over year, and exceeded EPS expectations. The company also authorized a $150 billion share-repurchase program, while insiders sold more than $399 million of stock over the past 90 days.

Covington Investment Advisors Inc. increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,112 shares of the computer hardware maker's stock after buying an additional 3,413 shares during the quarter. NVIDIA comprises 4.2% of Covington Investment Advisors Inc.'s portfolio, making the stock its 5th largest holding. Covington Investment Advisors Inc.'s holdings in NVIDIA were worth $32,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Clal Insurance Enterprises Holdings Ltd grew its stake in NVIDIA by 59.9% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,575,211 shares of the computer hardware maker's stock valued at $315,184,000 after purchasing an additional 589,925 shares in the last quarter. Saranac Partners Ltd raised its holdings in shares of NVIDIA by 359.3% during the 2nd quarter. Saranac Partners Ltd now owns 44,511 shares of the computer hardware maker's stock valued at $8,881,000 after purchasing an additional 34,821 shares in the last quarter. Jericho Financial LLP raised its holdings in shares of NVIDIA by 0.9% during the 2nd quarter. Jericho Financial LLP now owns 45,104 shares of the computer hardware maker's stock valued at $9,025,000 after purchasing an additional 384 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of NVIDIA by 13.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,893,585 shares of the computer hardware maker's stock valued at $1,179,247,000 after purchasing an additional 712,888 shares during the last quarter. Finally, Clarion Wealth Managment Partners LLC lifted its stake in shares of NVIDIA by 4.4% in the 2nd quarter. Clarion Wealth Managment Partners LLC now owns 7,664 shares of the computer hardware maker's stock valued at $1,533,000 after purchasing an additional 324 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on NVDA shares. BMO Capital Markets set a $340.00 price objective on shares of NVIDIA and gave the stock an "outperform" rating in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of NVIDIA in a research report on Monday, August 31st. HSBC increased their target price on shares of NVIDIA from $360.00 to $365.00 in a research note on Thursday, August 27th. Morgan Stanley set a $230.00 price target on NVIDIA in a research note on Friday, October 2nd. Finally, Oppenheimer set a $315.00 price target on NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 27th. Five research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $321.89.

Insiders Place Their Bets

In related 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 transaction, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at $598,810,648. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 business's 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 sale, the chief financial officer owned 765,103 shares of the company's stock, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,766,118 shares of company stock valued at $399,450,353 in the last ninety days. 3.94% of the stock is currently owned by insiders.

NVIDIA Trading Down 2.9%

NVDA opened at $230.48 on Friday. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $243.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. The firm has a market cap of $5.55 trillion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.83 and a beta of 2.22. The firm's fifty day moving average is $222.09 and its two-hundred day moving average is $209.29.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results 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. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The business had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same quarter in the previous year, the business earned $1.05 earnings per share. NVIDIA's quarterly revenue was up 105.9% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. NVIDIA's dividend payout ratio is 12.64%.

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

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: SpaceX is reportedly seeking approximately $40 billion in debt financing to purchase NVIDIA GPUs, potentially creating a major future order and reinforcing demand for the company’s data-center products. Apollo, banks in talks to finance SpaceX's $40 billion Nvidia GPU purchase
• Positive Sentiment: TSMC reported record quarterly revenue of roughly $46.7 billion, up 50% year over year, indicating that demand for advanced AI processors—including NVIDIA’s products—remains robust. Nvidia and AMD fuel a $46.7B TSMC quarter
• Positive Sentiment: NVIDIA committed $1 billion over five years to U.S. science initiatives spanning artificial intelligence, quantum computing, healthcare and energy security. The investment may strengthen government relationships and expand long-term technology adoption. NVIDIA Commits $1 Billion to Advance US Science
• Positive Sentiment: BNP Paribas Exane upgraded NVIDIA to “strong buy,” while Microsoft and PC manufacturers unveiled systems using NVIDIA’s RTX Spark chips, supporting expansion into local and personal AI computing. NVIDIA Stock Lifted to Strong-Buy
• Neutral Sentiment: A large options trade reportedly bets on additional upside, but the signal is speculative and does not change NVIDIA’s underlying earnings outlook. Nvidia Stock Slips. A Big Options Trade Signals Where It Might Go Next
• Negative Sentiment: OpenAI’s reported annualized revenue of about $50 billion was below a previously circulated $68 billion figure, prompting a selloff across AI stocks and raising questions about the pace of AI monetization. Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report
• Negative Sentiment: Firmus, an NVIDIA-backed cloud-computing company, abandoned plans for a major Australian IPO, citing market conditions. The failed offering highlights tightening investor appetite for AI infrastructure financing. NVIDIA’s proposed $20 billion Groq transaction also faces a Delaware lawsuit alleging improper deal structuring, adding legal risk. Nvidia-Backed Firmus Scraps Australian IPO

NVIDIA Company 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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