Equitable Trust Co. Increases Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Equitable Trust Co. increased its NVIDIA stake by 13% in the fourth quarter, buying 17,178 additional shares and bringing its total holdings to 149,170 shares worth about $27.8 million.
• NVIDIA reported strong quarterly results, with earnings per share of $1.87 and revenue of $81.62 billion, both beating analyst expectations. Revenue also jumped 85.2% year over year.
• The company boosted shareholder returns by raising its quarterly dividend to $0.25 per share from $0.01 and authorized an $80 billion share repurchase program, signaling confidence in its outlook.

Equitable Trust Co. lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,170 shares of the computer hardware maker's stock after buying an additional 17,178 shares during the quarter. NVIDIA accounts for 1.2% of Equitable Trust Co.'s portfolio, making the stock its 16th biggest holding. Equitable Trust Co.'s holdings in NVIDIA were worth $27,820,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. State Street Corp raised its holdings in NVIDIA by 1.0% during the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock worth $154,556,803,000 after purchasing an additional 9,554,857 shares during the last quarter. Geode Capital Management LLC raised its holdings in NVIDIA by 1.5% during the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock worth $91,150,170,000 after purchasing an additional 8,521,936 shares during the last quarter. Norges Bank acquired a new position in NVIDIA during the second quarter worth $51,386,863,000. Legal & General Group Plc raised its holdings in NVIDIA by 1.5% during the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock worth $33,808,862,000 after purchasing an additional 2,609,560 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in NVIDIA by 16.1% during the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock worth $30,855,564,000 after purchasing an additional 22,896,705 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Down 1.5%

Shares of NVIDIA stock opened at $211.14 on Friday. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. The business's 50 day simple moving average is $199.28 and its 200-day simple moving average is $189.70. The stock has a market capitalization of $5.11 trillion, a price-to-earnings ratio of 32.33, a PEG ratio of 0.52 and a beta of 2.25. NVIDIA Corporation has a twelve month low of $132.92 and a twelve month high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.11. The business had revenue of $81.62 billion during the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business's revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. Equities research analysts forecast that NVIDIA Corporation will post 8.04 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.25 per share. This is a positive change 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%. The ex-dividend date is Thursday, June 4th. NVIDIA's dividend payout ratio is presently 0.61%.

NVIDIA announced that its board has authorized a share repurchase program on Wednesday, May 20th that permits the company to buyback $80.00 billion in outstanding 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 an indication that the company's leadership believes its shares are undervalued.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Investors are looking ahead to next week’s Computex conference, which could provide a fresh catalyst for NVIDIA’s AI-chip leadership and keep sentiment constructive around the stock. Why Nvidia stock is up around 1% today
• Positive Sentiment: Analysts and commentators continue to point to NVIDIA as the main winner from the AI server boom, with strong demand for its chips, Blackwell products, and broader data-center ecosystem. Jim Cramer names Nvidia as the winner behind Dell rally
• Positive Sentiment: News that NVIDIA is investing heavily in photonics, with billions directed toward next-generation data-center connectivity, suggests the company is trying to extend its AI leadership beyond GPUs into the next bottlenecks in AI infrastructure. Nvidia is investing billions into this emerging technology that could change the AI industry
• Positive Sentiment: Truist raised its price target on NVDA to $307 and kept a Buy rating, reinforcing the view that the company’s strong quarterly results and growth outlook remain intact. NVIDIA Corporation (NVDA) Stock Update: Truist Raises Target to $307 Following Strong Quarter
• Neutral Sentiment: CEO Jensen Huang’s reported advisory-board role at Tsinghua University keeps NVIDIA visible in China-related tech circles, but it is more of a corporate-profile headline than a direct earnings driver. Nvidia chief Jensen Huang to join board of Beijing's Tsinghua University, FT reports
• Negative Sentiment: Director John Dabiri sold 625 shares under a pre-arranged 10b5-1 trading plan, which is routine but can still add to investor caution when the stock is already expensive and volatile. SEC filing for John Dabiri transaction
• Negative Sentiment: Several articles highlight concerns that NVIDIA’s valuation is stretched and that the stock may be struggling to extend gains after a huge AI-driven run, which can weigh on near-term trading. Nvidia And The Reality Of Paying For Perfection

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of analyst reports. Raymond James Financial reissued a "strong-buy" rating and issued a $330.00 price target on shares of NVIDIA in a report on Thursday, May 21st. New Street Research cut their price target on NVIDIA from $343.00 to $340.00 in a report on Thursday, May 21st. DA Davidson boosted their price target on NVIDIA from $250.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, May 18th. UBS Group boosted their price target on NVIDIA from $275.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Finally, Oppenheimer reissued an "outperform" rating and issued a $265.00 price target on shares of NVIDIA in a report on Thursday, February 26th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, NVIDIA currently has an average rating of "Buy" and an average price target of $305.38.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 221,682 shares of the firm's stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the transaction, the director directly owned 7,399,771 shares in the company, valued at $1,285,192,227.28. This trade represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 300,000 shares of the firm's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total value of $54,675,000.00. Following the transaction, the executive vice president owned 3,018,547 shares in the company, valued at approximately $550,130,190.75. This trade represents a 9.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 906,961 shares of company stock valued at $162,936,268 in the last ninety days. Company insiders own 3.94% of the company's stock.

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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