Convergence Financial LLC Sells 3,245 Shares of NVIDIA Corporation $NVDA

Convergence Financial LLC trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 4.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 62,437 shares of the computer hardware maker’s stock after selling 3,245 shares during the period. NVIDIA comprises about 1.7% of Convergence Financial LLC’s portfolio, making the stock its 18th largest holding. Convergence Financial LLC’s holdings in NVIDIA were worth $11,645,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Deseret Mutual Benefit Administrators grew its stake in shares of NVIDIA by 6.3% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,710 shares of the computer hardware maker’s stock valued at $319,000 after purchasing an additional 101 shares during the period. Curio Wealth LLC grew its stake in shares of NVIDIA by 125.1% during the 4th quarter. Curio Wealth LLC now owns 2,102 shares of the computer hardware maker’s stock valued at $396,000 after purchasing an additional 1,168 shares during the period. Avise Financial Cooperative Inc. bought a new stake in shares of NVIDIA during the 4th quarter valued at about $416,000. Vista Cima Wealth Management LLC grew its stake in shares of NVIDIA by 135.6% during the 4th quarter. Vista Cima Wealth Management LLC now owns 38,376 shares of the computer hardware maker’s stock valued at $7,157,000 after purchasing an additional 22,088 shares during the period. Finally, Vise Technologies Inc. grew its stake in shares of NVIDIA by 81.6% during the 4th quarter. Vise Technologies Inc. now owns 801,410 shares of the computer hardware maker’s stock valued at $149,463,000 after purchasing an additional 360,083 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the transaction, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. This represents a 11.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 42,650 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $7,459,058.50. Following the completion of the transaction, the chief financial officer owned 881,387 shares of the company’s stock, valued at $154,145,772.43. The trade was a 4.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,622,461 shares of company stock worth $332,629,083 in the last quarter. 3.94% of the stock is currently owned by insiders.

NVIDIA Trading Down 3.7%

Shares of NASDAQ:NVDA opened at $200.42 on Thursday. The stock has a 50 day moving average of $205.64 and a 200 day moving average of $191.06. The company has a market cap of $4.85 trillion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 0.47 and a beta of 2.22. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. NVIDIA Corporation has a 12-month low of $140.85 and a 12-month high of $236.54.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The company had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm’s revenue was up 85.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. As a group, equities research analysts expect that NVIDIA Corporation will post 8.61 EPS for the current year.

NVIDIA declared that its board has authorized a stock buyback program on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be paid a dividend of $0.25 per share. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA’s dividend payout ratio is presently 15.31%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on NVIDIA from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. William Blair restated an “outperform” rating on shares of NVIDIA in a research note on Tuesday, June 2nd. Zacks Research downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Wells Fargo & Company restated an “overweight” rating and set a $315.00 price target (up from $265.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Finally, Mizuho set a $300.00 price target on NVIDIA in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $305.67.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analysts remain broadly bullish, with reports saying NVIDIA’s profit margins look relatively safe through 2030 and Wall Street still sees strong upside from AI demand, Blackwell ramp momentum, and continued data center spending.
• Positive Sentiment: Several articles highlight fresh demand signals for NVIDIA hardware, including OpenAI reportedly considering an Ohio data center deal with Nvidia backing, Apple using NVIDIA GPUs for advanced AI workloads via Google Cloud, and Nebius launching NVIDIA-powered AI initiatives in the UK and Europe.
• Positive Sentiment: Management and supporters are framing the recent pullback as a buying opportunity, with Jensen Huang’s upbeat comments echoed by commentators such as Jim Cramer and multiple bullish stock-picking pieces.
• Positive Sentiment: Company-specific partnerships in South Korea and continued ecosystem expansion suggest NVIDIA remains central to the AI infrastructure buildout, which supports the long-term growth story.
• Neutral Sentiment: Some coverage notes that NVIDIA’s stock is consolidating near technical support after a strong run, which could matter more as a setup for the next move than as a sign of deteriorating fundamentals.
• Negative Sentiment: The main headwind is a broader semiconductor and tech selloff, with NVIDIA falling alongside peers like AMD and Broadcom as markets react to inflation, geopolitical worries, and a general pullback from high-multiple AI names.
• Negative Sentiment: Some articles also raise valuation concerns and point to hedge fund/institutional selling, suggesting investors are becoming more cautious after NVIDIA’s huge multi-year run.

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.