Fifth Third Bancorp Boosts Stake in NVIDIA Corporation $NVDA

Fifth Third Bancorp grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 37.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 13,581,861 shares of the computer hardware maker’s stock after acquiring an additional 3,731,264 shares during the period. NVIDIA accounts for about 4.3% of Fifth Third Bancorp’s portfolio, making the stock its largest position. Fifth Third Bancorp’s holdings in NVIDIA were worth $2,368,677,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Spectrum Financial Alliance Ltd LLC boosted its stake in NVIDIA by 3.8% in the 1st quarter. Spectrum Financial Alliance Ltd LLC now owns 1,395 shares of the computer hardware maker’s stock worth $243,000 after purchasing an additional 51 shares during the period. Presidio Capital Management LLC raised its position in shares of NVIDIA by 0.4% during the fourth quarter. Presidio Capital Management LLC now owns 15,137 shares of the computer hardware maker’s stock valued at $2,823,000 after buying an additional 53 shares during the last quarter. LMG Wealth Partners LLC lifted its holdings in shares of NVIDIA by 0.7% in the fourth quarter. LMG Wealth Partners LLC now owns 7,649 shares of the computer hardware maker’s stock worth $1,427,000 after buying an additional 53 shares in the last quarter. Vision Financial Markets LLC lifted its holdings in shares of NVIDIA by 1.2% in the third quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock worth $866,000 after buying an additional 53 shares in the last quarter. Finally, JGP Global Gestao de Recursos Ltda. boosted its position in shares of NVIDIA by 2.3% during the fourth quarter. JGP Global Gestao de Recursos Ltda. now owns 2,402 shares of the computer hardware maker’s stock worth $448,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA and the Naval Postgraduate School said NVIDIA donated a supercomputer using its latest chips to a nonprofit tied to the institution, highlighting expanding adoption of its AI hardware in U.S. defense and research. Reuters: Nvidia donates supercomputer to U.S. military university
• Positive Sentiment: Bank of America said NVIDIA’s Vera CPU launch is intensifying the AI server CPU battle and kept a Buy rating with a $350 target, suggesting the company could expand beyond GPUs into a larger share of AI infrastructure spending. Yahoo Finance: BofA sees server CPU TAM hitting $170bn by 2030 as NVIDIA takes on AMD
• Positive Sentiment: Several articles highlighted NVIDIA as a beneficiary of the broader AI capex cycle, with bullish takes pointing to cheaper AI models, sovereign AI demand, and continued chip spending that could support long-term growth. Zacks: Can NVIDIA’s Sovereign AI Push Unlock New Revenue Streams Now?
• Positive Sentiment: NVIDIA also gained support from market momentum and technical traders, with reports that the stock cleared an early buy trigger ahead of Alphabet earnings and that the semiconductor rebound is being treated as a positioning reset, not a collapse in demand. Investor’s Business Daily: Nvidia Hits Buy Trigger With Alphabet Earnings Due

Analyst Ratings Changes

NVDA has been the topic of a number of research reports. Tigress Financial reiterated a “strong-buy” rating and issued a $425.00 price target (up from $360.00) on shares of NVIDIA in a report on Wednesday, May 27th. Barclays reissued an “overweight” rating on shares of NVIDIA in a report on Thursday, May 21st. Citic Securities raised their price objective on NVIDIA from $242.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Citigroup assumed coverage on NVIDIA in a report on Wednesday, April 15th. They issued a “buy” rating on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $270.00 target price on shares of NVIDIA in a research report on Tuesday, June 2nd. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $304.26.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares of the company’s stock, valued at $25,053,803.55. The trade was a 11.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 625 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the transaction, the director owned 14,163 shares in the company, valued at $3,030,882. This represents a 4.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,901,125 shares of company stock worth $410,583,015. Insiders own 3.94% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $212.06 on Thursday. NVIDIA Corporation has a 52-week low of $164.07 and a 52-week high of $236.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The firm has a market capitalization of $5.13 trillion, a P/E ratio of 32.47, a P/E/G ratio of 0.40 and a beta of 2.21. The stock has a 50 day moving average price of $208.76 and a 200 day moving average price of $195.59.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating 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 company had revenue of $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. During the same quarter in the prior year, the company posted $0.81 EPS. NVIDIA’s quarterly revenue was up 85.2% on a year-over-year basis. As a group, sell-side analysts predict that NVIDIA Corporation will post 8.79 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were issued a $0.25 dividend. The ex-dividend date was Thursday, June 4th. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA’s dividend payout ratio (DPR) is currently 15.31%.

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.