NVIDIA Corporation $NVDA Stock: New Covenant Trust Company N.A. Raises Holdings

Key Points

• New Covenant Trust Company increased its NVIDIA stake by 13.8% in the third quarter, bringing its holdings to 29,235 shares valued at approximately $6.7 million. Institutional investors and hedge funds collectively own 65.27% of NVIDIA.
• NVIDIA reported strong operating momentum, with quarterly revenue of $96.22 billion—up 105.9% year over year—and EPS of $2.22, exceeding analyst estimates. The board also authorized a $150 billion share-repurchase program.
• Investor sentiment remains broadly positive, with NVIDIA holding an average “Buy” rating and a $321.47 average price target, though risks include insider selling, rising competition, potential margin pressure and regulatory scrutiny of its reported Hugging Face acquisition.

New Covenant Trust Company N.A. boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,235 shares of the computer hardware maker's stock after purchasing an additional 3,552 shares during the period. NVIDIA comprises about 4.5% of New Covenant Trust Company N.A.'s investment portfolio, making the stock its 6th biggest position. New Covenant Trust Company N.A.'s holdings in NVIDIA were worth $6,677,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Montgomery Financial Services LLC acquired a new position in shares of NVIDIA in the 2nd quarter worth approximately $28,000. Longview Financial Advisors Inc. bought a new stake in NVIDIA during the 1st quarter worth approximately $27,000. Phillip James Consulting Co. bought a new stake in NVIDIA during the 1st quarter worth approximately $40,000. Bard Associates Inc. increased 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 valued at $54,000 after purchasing an additional 266 shares in the last quarter. Finally, Frankly Finances LLC acquired a new stake in NVIDIA during the 2nd quarter valued at $60,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Demand indicators remain strong across the AI supply chain. Vertiv reported 61% year-over-year revenue growth, more than doubled organic orders and $4.12 billion in deferred revenue, suggesting hyperscalers are paying to secure power and cooling capacity rather than slowing spending. NVIDIA’s partnership with Vertiv could also shorten data-center deployment timelines. Plugging In: Vertiv Cashes In On AI Demand
• Positive Sentiment: Several reports continue to point to substantial long-term growth. Analysts and commentators highlighted NVIDIA’s projected 70% fiscal 2028 revenue growth, expanding product portfolio, supply-constrained demand and potential customer commitments from companies such as Meta and SpaceX. NVIDIA also released open speech-AI models, broadening its software and ecosystem reach. Nvidia Shareholders Have a Major Reason to Be Bullish
• Neutral Sentiment: NVIDIA is partnering with Eclypsium to secure the hardware layer beneath AI-agent infrastructure. The initiative may strengthen enterprise trust and create additional platform value, although its near-term financial impact is unclear. Eclypsium partners with Nvidia
• Negative Sentiment: The U.S. Department of Justice is examining NVIDIA’s reported $12.9 billion acquisition of Hugging Face, focusing on whether the transaction could give NVIDIA control over an important AI-model and developer distribution channel. Regulatory scrutiny adds uncertainty around the deal and NVIDIA’s broader ecosystem strategy. US DOJ examines Nvidia’s Hugging Face acquisition
• Negative Sentiment: Reports alleging that a suspected Chinese intelligence asset had access to CEO Jensen Huang renewed concerns about China-related chip controls, corporate security and potential government investigations. NVIDIA disputed the underlying diversion allegations, saying they had been investigated and debunked, but the controversy remains an overhang. Nvidia responds to report on Chinese intelligence asset
• Negative Sentiment: Seaport reiterated its Sell rating, citing mounting competition from Google’s custom AI chips and other accelerators. Rising memory costs are also expected to pressure NVIDIA’s gross margin, while investors remain sensitive to the company’s dependence on a concentrated group of hyperscale customers. Seaport reiterates its Sell rating on Nvidia

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 622,239 shares of the business'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 completion of the sale, the director directly owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy S. Teter sold 30,460 shares of the company's stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares in the company, valued at approximately $598,810,648. The trade was a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,766,118 shares of company stock worth $399,450,353 over the last 90 days. Insiders own 3.94% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. DZ Bank reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, August 26th. Raymond James Financial set a $515.00 target price on NVIDIA and gave the company a "strong-buy" rating in a research note on Thursday, August 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $350.00 price target on shares of NVIDIA in a report on Thursday, October 1st. KGI Securities upped their price target on shares of NVIDIA from $335.00 to $345.00 in a research report on Thursday, August 27th. Finally, China Renaissance increased their price objective on shares of NVIDIA from $319.00 to $330.00 and gave the stock a "buy" rating in a report on Monday, August 31st. Five equities 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $321.47.

NVIDIA Stock Down 0.8%

NASDAQ:NVDA opened at $213.66 on Friday. The stock's fifty day moving average price is $221.99 and its two-hundred day moving average price is $204.15. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week 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 company has a market cap of $5.15 trillion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 1.65 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate of $2.09 by $0.13. The company had revenue of $96.22 billion during the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The business's revenue for the quarter was up 105.9% on a year-over-year basis. During the same period last year, the firm earned $1.05 EPS. On average, analysts anticipate that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA declared that its Board of Directors has authorized a stock buyback plan on Monday, September 28th that allows the company to buy back $150 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 2.8% of its shares through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were issued 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%.

About NVIDIA

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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