NVIDIA Corporation $NVDA Shares Sold by Convergence Investment Partners LLC

Key Points

• Convergence Investment Partners LLC reduced its stake in NVIDIA Corporation by 30.1%, now holding 79,894 shares valued at approximately $8.66 million.
• NVIDIA's earnings report showed an EPS of $0.81, which missed the expected $0.87 by $0.06, while revenue increased by 69.2% year-over-year.
• Insider selling activity was notable, with EVP Ajay K. Puri selling 168,195 shares, and Director Tench Coxe selling 1,000,000 shares, reducing their ownership in the company.

Convergence Investment Partners LLC decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,894 shares of the computer hardware maker's stock after selling 34,385 shares during the quarter. NVIDIA makes up about 2.4% of Convergence Investment Partners LLC's portfolio, making the stock its biggest holding. Convergence Investment Partners LLC's holdings in NVIDIA were worth $8,659,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NVDA. Condor Capital Management increased its position in shares of NVIDIA by 3.6% during the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock valued at $344,000 after purchasing an additional 89 shares during the period. High Note Wealth LLC increased its position in shares of NVIDIA by 0.5% during the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock valued at $1,937,000 after purchasing an additional 91 shares during the period. Kelly Financial Services LLC increased its position in shares of NVIDIA by 2.0% during the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after purchasing an additional 94 shares during the period. Next Capital Management LLC increased its position in shares of NVIDIA by 0.8% during the 1st quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock valued at $1,364,000 after purchasing an additional 94 shares during the period. Finally, Mendel Capital Management LLC increased its position in shares of NVIDIA by 0.8% during the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock valued at $1,287,000 after purchasing an additional 96 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NVDA opened at $175.40 on Thursday. The stock has a market cap of $4.28 trillion, a price-to-earnings ratio of 56.58, a PEG ratio of 1.54 and a beta of 2.14. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $166.03 and a 200 day moving average price of $136.50.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the business posted $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. NVIDIA has set its Q2 2026 guidance at EPS. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Wall Street Analyst Weigh In

NVDA has been the subject of several research reports. Morgan Stanley reissued an "overweight" rating and set a $206.00 price objective (up from $200.00) on shares of NVIDIA in a research note on Monday. Wedbush reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. TD Cowen raised their price objective on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday. Truist Financial raised their price objective on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, Oppenheimer raised their price objective on NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $189.97.

Insider Buying and Selling

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,912,440 shares of company stock valued at $902,886,782 in the last three months. 4.17% of the stock is currently owned by corporate insiders.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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