Comerica Bank Has $703.31 Million Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Comerica Bank cut its NVIDIA stake by 7.4% in the fourth quarter, selling 300,887 shares but still holding 3.77 million shares worth about $703.3 million. NVIDIA remains Comerica’s fifth-largest position and makes up roughly 2.8% of its portfolio.
• NVIDIA posted a strong quarterly update, with EPS of $1.87 versus estimates of $1.76 and revenue of $81.62 billion versus expectations of $78.42 billion. Revenue surged 85.2% year over year, and the company also guided analysts to expect continued growth.
• The company’s board approved an $80 billion share buyback and NVIDIA also declared a quarterly dividend, reinforcing management’s confidence in future cash generation. Wall Street remains broadly bullish, with the stock carrying an average “Buy” rating and a target price around $279.06.

Comerica Bank trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,771,095 shares of the computer hardware maker's stock after selling 300,887 shares during the quarter. NVIDIA comprises approximately 2.8% of Comerica Bank's holdings, making the stock its 5th biggest position. Comerica Bank's holdings in NVIDIA were worth $703,309,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Longfellow Investment Management Co. LLC lifted its stake in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after buying an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new stake in NVIDIA in the 2nd quarter worth $40,000. Sellwood Investment Partners LLC bought a new stake in NVIDIA during the third quarter valued at about $50,000. Networth Advisors LLC bought a new stake in NVIDIA during the fourth quarter valued at about $51,000. Finally, EDENTREE ASSET MANAGEMENT Ltd purchased a new position in shares of NVIDIA in the second quarter valued at about $54,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 1.3%

Shares of NVDA opened at $223.47 on Thursday. The company's fifty day moving average is $194.82 and its 200 day moving average is $188.75. 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 $5.41 trillion, a PE ratio of 45.61, a P/E/G ratio of 0.69 and a beta of 2.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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 net margin of 55.60% and a return on equity of 97.37%. The business had revenue of $81.62 billion during the quarter, compared to analyst estimates of $78.42 billion. During the same quarter last year, the business earned $0.81 earnings per share. NVIDIA's quarterly revenue was up 85.2% compared to the same quarter last year. Sell-side analysts expect that NVIDIA Corporation will post 7.85 earnings per share for the current fiscal year.

NVIDIA declared that its board has approved a stock repurchase program on Wednesday, May 20th that permits the company to buyback $80.00 billion in shares. This buyback authorization permits the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 0.82%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 221,682 shares of the firm's stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $173.68, for a total value of $38,501,729.76. Following the completion of the sale, the director directly owned 7,399,771 shares of the company's stock, valued at $1,285,192,227.28. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 3,004 shares of NVIDIA stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $184.90, for a total value of $555,439.60. Following the completion of the transaction, the director owned 14,788 shares of the company's stock, valued at approximately $2,734,301.20. This trade represents a 16.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 906,336 shares of company stock worth $162,802,518 in the last quarter. Company insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NVDA. Susquehanna reiterated a "positive" rating and set a $275.00 target price (up from $250.00) on shares of NVIDIA in a research report on Tuesday, May 12th. The Goldman Sachs Group reissued a "buy" rating on shares of NVIDIA in a report on Wednesday. New Street Research dropped their price target on NVIDIA from $307.00 to $275.00 and set a "buy" rating for the company in a research note on Tuesday, March 31st. Oppenheimer reaffirmed an "outperform" rating and set a $265.00 price objective on shares of NVIDIA in a report on Thursday, February 26th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of NVIDIA in a research report on Friday, April 10th. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $279.06.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA delivered another huge beat-and-raise quarter, with record revenue, strong EPS growth, and data-center results that underline its dominance in AI infrastructure.
• Positive Sentiment: The company authorized an additional $80 billion share buyback and raised its quarterly dividend from $0.01 to $0.25 per share, signaling confidence in future cash generation and returning more capital to shareholders.
• Positive Sentiment: Analysts and commentators highlighted broad AI demand, strong Blackwell ramp-up, and continued operating leverage, which support the bullish case for NVIDIA stock.
• Neutral Sentiment: NVIDIA said its outlook does not assume any Data Center compute revenue from China, leaving a meaningful source of potential upside or downside depending on trade and licensing developments.
• Neutral Sentiment: Management is also transitioning to a new reporting framework focused on Data Center and Edge Computing, which should better reflect growth drivers but may make comparisons harder in the near term.
• Negative Sentiment: Despite the strong results, articles noted rising competition from custom chips at companies like Amazon and Alphabet, plus ongoing uncertainty around China shipments, which could temper enthusiasm if growth slows.

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.

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