Fifth Third Bancorp trimmed its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,850,597 shares of the computer hardware maker’s stock after selling 141,972 shares during the period. NVIDIA makes up approximately 5.8% of Fifth Third Bancorp’s investment portfolio, making the stock its largest holding. Fifth Third Bancorp’s holdings in NVIDIA were worth $1,837,136,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of NVDA. Danske Bank A S increased its position in shares of NVIDIA by 3.8% in the fourth quarter. Danske Bank A S now owns 17,698,054 shares of the computer hardware maker’s stock valued at $3,300,687,000 after acquiring an additional 652,749 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab increased its position in shares of NVIDIA by 5.0% in the fourth quarter. Danica Pension Livsforsikringsaktieselskab now owns 2,805,727 shares of the computer hardware maker’s stock valued at $523,268,000 after acquiring an additional 133,192 shares during the last quarter. Mutual Advisors LLC increased its position in shares of NVIDIA by 2.3% in the fourth quarter. Mutual Advisors LLC now owns 347,535 shares of the computer hardware maker’s stock valued at $64,815,000 after acquiring an additional 7,819 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $143,000. Finally, Uptick Partners LLC increased its position in shares of NVIDIA by 3.5% in the fourth quarter. Uptick Partners LLC now owns 18,697 shares of the computer hardware maker’s stock valued at $3,487,000 after acquiring an additional 630 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.
Insider Activity
In other NVIDIA news, Director Aarti S. Shah sold 19,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the completion of the sale, the director directly owned 36,007 shares in the company, valued at $6,362,796.97. This represents a 34.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 20,000 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $3,497,800.00. Following the sale, the chief financial officer owned 83,060 shares of the company’s stock, valued at $14,526,363.40. The trade was a 19.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 906,336 shares of company stock valued at $162,802,518. Corporate insiders own 4.17% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Report on NVIDIA
NVIDIA Price Performance
NASDAQ NVDA opened at $215.33 on Monday. The business has a fifty day moving average price of $196.10 and a two-hundred day moving average price of $188.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 3.24. NVIDIA Corporation has a fifty-two week low of $129.16 and a fifty-two week high of $236.54. The stock has a market capitalization of $5.21 trillion, a PE ratio of 32.98, a PEG ratio of 0.67 and a beta of 2.25.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm had revenue of $81.62 billion during the quarter, compared to analysts’ expectations of $78.42 billion. During the same period in the prior year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 85.2% on a year-over-year basis. Equities analysts expect that NVIDIA Corporation will post 7.98 earnings per share for the current fiscal year.
NVIDIA announced that its board has authorized a stock repurchase program on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.
NVIDIA Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, June 4th. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA’s dividend payout ratio is currently 0.61%.
Key NVIDIA News
Here are the key news stories impacting NVIDIA this week:
- Positive Sentiment: NVIDIA delivered a record quarter with massive revenue growth, strong guidance, and record data center sales. The Tech Download: What you might have missed in Nvidia’s earnings — a $200 billion opportunity and edge computing
- Positive Sentiment: The company raised its dividend sharply and approved an $80 billion buyback, signaling confidence in future cash generation. Nvidia Just Raised Its Dividend By 2,400% — and That Wasn’t Even the Biggest News From Its Earnings Report
- Positive Sentiment: Wall Street remains broadly bullish, with multiple analysts raising price targets after earnings. Nvidia stock continues to struggle after earnings, but analysts remain firmly bullish
- Neutral Sentiment: Despite the strong report, the market seems to be digesting the results rather than rewarding them, suggesting investors may think the bar was already very high. Nvidia Stock Misses Out on Friday’s Rally. Here’s How Much Traders See It Moving Next Week
- Negative Sentiment: Some investors remain worried about valuation, competition, and the possibility that AI spending growth could slow from current extreme levels. Why Nvidia Stock Is Barely Moving After Earnings Crushed Expectations
NVIDIA 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.
Further Reading
- Five stocks we like better than NVIDIA
- The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
- 3 Rare Earth Stocks That Win No Matter What China Does Next
- Amylyx Stock: Why the Full Pipeline Story Matters
- Palantir and Dell Build an AI OS for the Paranoid
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.
