NVIDIA Corporation $NVDA Shares Sold by Congress Asset Management Co.

Key Points

• Congress Asset Management cut its NVIDIA stake by 2.2%, selling 56,518 shares and retaining 2.57 million shares worth approximately $587.3 million. NVIDIA remains the fund’s second-largest holding and represents about 3.7% of its portfolio.
• NVIDIA insiders sold 1.77 million shares valued at roughly $399.5 million over the past 90 days, including sales by CFO Colette Kress and EVP Timothy Teter under pre-arranged Rule 10b5-1 plans.
• Analyst sentiment remains strongly positive: the stock has a consensus “Buy” rating and an average price target of $321.47. NVIDIA also reported quarterly revenue of $96.22 billion, up 105.9% year over year, and authorized a $150 billion share-repurchase program.

Congress Asset Management Co. lowered its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,571,429 shares of the computer hardware maker's stock after selling 56,518 shares during the period. NVIDIA accounts for approximately 3.7% of Congress Asset Management Co.'s holdings, making the stock its 2nd biggest holding. Congress Asset Management Co.'s holdings in NVIDIA were worth $587,263,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NVDA. Montgomery Financial Services LLC acquired a new stake in NVIDIA during the second quarter valued at approximately $28,000. Longview Financial Advisors Inc. bought a new position in NVIDIA during the 1st quarter worth approximately $27,000. Phillip James Consulting Co. bought a new position in NVIDIA during the 1st quarter worth approximately $40,000. Bard Associates Inc. lifted its holdings in NVIDIA by 8,866.7% during the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock worth $54,000 after buying an additional 266 shares during the last quarter. Finally, Frankly Finances LLC acquired a new position in shares of NVIDIA in the 2nd quarter worth approximately $60,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 34,918 shares of the business's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy Teter sold 30,460 shares of the company's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the transaction, the executive vice president owned 2,687,660 shares of the company's stock, valued at approximately $598,810,648. This trade represents a 1.12% 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 sold 1,766,118 shares of company stock valued at $399,450,353 in the last ninety days. Company insiders own 3.94% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of several research analyst reports. Needham & Company LLC restated a "buy" rating and set a $300.00 price objective on shares of NVIDIA in a research note on Wednesday, October 21st. HSBC boosted their target price on shares of NVIDIA from $360.00 to $365.00 in a research note on Thursday, August 27th. Rothschild & Co Redburn increased their target price on shares of NVIDIA from $300.00 to $325.00 in a report on Thursday, August 27th. Phillip Securities increased their target price on shares of NVIDIA from $285.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, August 31st. Finally, Piper Sandler assumed coverage on shares of NVIDIA in a research report on Wednesday, September 9th. They issued an "overweight" rating and a $300.00 price target on the stock. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $321.47.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA plans to invest $3 billion in Meta’s equity offering while expanding collaboration on Meta’s Muse AI models. Meta also intends to deploy more NVIDIA Vera Rubin systems, Vera CPUs, Spectrum-X networking and BlueField-4 technology. The deal strengthens NVIDIA’s relationship with one of its largest customers and could support future infrastructure sales. Nvidia to invest $3 billion in Meta as tech giants deepen AI partnership
• Positive Sentiment: Oracle and NVIDIA expanded the availability of Vera Rubin NVL72 systems and Vera CPUs on Oracle Cloud Infrastructure, with additional Rubin systems planned. Broader cloud availability may accelerate customer adoption and reinforce NVIDIA’s position in AI training and inference. NVIDIA and Oracle Expand NVIDIA Vera Rubin
• Positive Sentiment: Anthropic’s IPO filing disclosed large, long-term computing commitments with Amazon, Alphabet and other providers. The spending supports the broader AI infrastructure market, where NVIDIA remains a major merchant-GPU supplier, although some demand may be served by custom chips. Anthropic's IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Partners including CoreWeave, NTT DATA and Schneider Electric continue expanding data-center and AI-factory deployments using NVIDIA systems, providing additional evidence of sustained demand across cloud, enterprise and industrial applications. NVIDIA Omniverse DSX Blueprint AI Factory Pilot
• Neutral Sentiment: Analysts and investors continue to debate NVIDIA’s valuation after its pullback from the record high. Strong revenue growth and high profitability support the long-term case, but expectations remain elevated.
• Negative Sentiment: Anthropic’s filing highlights its ability to use multiple AI-chip providers. A broader multichip strategy could weaken NVIDIA’s pricing power over time, particularly as custom accelerators from hyperscalers and Broadcom gain traction. Anthropic's worst nightmare may be lurking inside Anthropic's IPO filing
• Negative Sentiment: NVIDIA’s China AI-chip shipments reportedly fell 44% in the first half of 2026 as Huawei gains ground and supply constraints complicate deliveries. Export restrictions and geopolitical risk remain meaningful headwinds.
• Negative Sentiment: Potentially higher advanced-packaging and wafer costs at TSMC could pressure NVIDIA’s margins, while tighter credit markets may slow data-center construction and reduce GPU orders from financially weaker operators.

NVIDIA Stock Performance

NVDA stock opened at $217.94 on Wednesday. The stock has a market capitalization of $5.25 trillion, a price-to-earnings ratio of 27.55 and a beta of 2.22. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $243.37. The stock's fifty day moving average is $222.15 and its two-hundred day moving average is $203.85.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. The firm's revenue was up 105.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS. As a group, analysts predict that NVIDIA Corporation will post 9.30 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has initiated a share repurchase program on Monday, September 28th that allows the company to repurchase $150 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 2.8% of its stock through open market purchases. Share repurchase programs are usually an indication that the company's board believes its shares are undervalued.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a $0.25 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA's dividend payout ratio (DPR) is currently 12.64%.

NVIDIA Company Profile

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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