Covenant Partners LLC Sells 3,400 Shares of NVIDIA Corporation $NVDA

Covenant Partners LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 11.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,274 shares of the computer hardware maker’s stock after selling 3,400 shares during the quarter. NVIDIA makes up about 1.4% of Covenant Partners LLC’s investment portfolio, making the stock its 9th largest holding. Covenant Partners LLC’s holdings in NVIDIA were worth $4,902,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. Axis Wealth Partners LLC boosted its stake in NVIDIA by 21.7% during the 3rd quarter. Axis Wealth Partners LLC now owns 5,184 shares of the computer hardware maker’s stock valued at $967,000 after acquiring an additional 924 shares during the last quarter. Deltec Asset Management LLC raised its stake in shares of NVIDIA by 4.3% in the 3rd quarter. Deltec Asset Management LLC now owns 168,320 shares of the computer hardware maker’s stock valued at $31,405,000 after purchasing an additional 6,978 shares in the last quarter. Cedar Mountain Advisors LLC lifted its position in shares of NVIDIA by 24.4% during the third quarter. Cedar Mountain Advisors LLC now owns 4,256 shares of the computer hardware maker’s stock worth $794,000 after purchasing an additional 835 shares during the last quarter. Solidarity Wealth LLC grew its stake in NVIDIA by 26.2% in the third quarter. Solidarity Wealth LLC now owns 20,454 shares of the computer hardware maker’s stock worth $3,817,000 after purchasing an additional 4,246 shares in the last quarter. Finally, Trilogy Capital Inc. increased its holdings in NVIDIA by 3.1% in the third quarter. Trilogy Capital Inc. now owns 71,738 shares of the computer hardware maker’s stock valued at $13,385,000 after buying an additional 2,154 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $181.73, for a total value of $63,605,500.00. Following the completion of the sale, the director owned 7,049,803 shares of the company’s stock, valued at $1,281,160,699.19. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $177.33, for a total transaction of $44,332,500.00. Following the transaction, the director directly owned 6,933,280 shares in the company, valued at approximately $1,229,478,542.40. The trade was a 3.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,611,474 shares of company stock worth $293,285,232 in the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on NVDA shares. BNP Paribas Exane increased their target price on NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. DA Davidson restated a “buy” rating and set a $250.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. Citigroup reiterated a “buy” rating on shares of NVIDIA in a research note on Monday, December 29th. Melius Research increased their target price on shares of NVIDIA from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Arete Research lifted their price target on shares of NVIDIA from $244.00 to $261.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $263.41.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Nvidia agreed to a $2 billion strategic investment in CoreWeave to accelerate a multi‑GW AI data‑center build‑out — a direct vote of confidence in demand for Nvidia GPUs and software, and a move that helps secure deployment capacity for future GPU sales. Nvidia invests $2 billion in CoreWeave
• Positive Sentiment: Nvidia released open‑source AI weather models — boosts its software/ecosystem positioning, increases GPU utilization cases, and reinforces the company’s role beyond hardware into model and platform leadership. Nvidia unveils AI models for weather forecasts
• Positive Sentiment: Industry and analyst commentary remain supportive (including views that Nvidia is becoming TSMC’s largest customer), reinforcing the growth narrative tied to AI training demand and helping underpin multiples. Nvidia set to supplant Apple as TSMC’s top customer
• Neutral Sentiment: Microsoft’s Maia 200 launch (a cost‑efficient inference accelerator) could reduce some hyperscaler spend on third‑party inference hardware over time, but it mainly targets inference while Nvidia remains dominant for training — competitive dynamics are evolving but not yet decisive. Microsoft’s Maia 200: The Profit Engine AI Needs
• Neutral Sentiment: Broader tech earnings and macro events (Magnificent 7 reports, Fed meeting) are creating short‑term volatility that could swing NVDA intraday; these are market‑level catalysts rather than company‑specific. Magnificent 7 earnings season kicks off
• Negative Sentiment: Insider selling: an NVDA executive recently sold roughly $36M of stock, which can be read as a near‑term negative signal for sentiment even if not unusual among executives. Insider selling: NVIDIA EVP sells stock
• Negative Sentiment: Competitive pressure is increasing as hyperscalers (Microsoft, Google, AWS) push their own silicon and software stacks — this is a medium‑term risk to Nvidia’s premium pricing on certain inference workloads. Microsoft rolls out next generation of its AI chips

NVIDIA Trading Up 1.1%

Shares of NASDAQ:NVDA opened at $188.52 on Wednesday. The company has a market cap of $4.58 trillion, a PE ratio of 46.78, a P/E/G ratio of 0.91 and a beta of 2.31. The company’s 50-day moving average price is $183.52 and its 200 day moving average price is $182.14. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Thursday, December 4th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is presently 0.99%.

NVIDIA Company Profile

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.