Fifth Third Bancorp Sells 141,972 Shares of NVIDIA Corporation $NVDA

Key Points

• Fifth Third Bancorp trimmed its NVIDIA stake by 1.4% in the fourth quarter, selling 141,972 shares, but the stock still remained its largest holding at 5.8% of the portfolio. The fund ended the period with 9.85 million shares valued at about $1.84 billion.
• NVIDIA reported a strong quarter, with $1.87 EPS and $81.62 billion in revenue, both ahead of Wall Street estimates. Revenue jumped 85.2% year over year, underscoring continued momentum in its AI and data center businesses.
• The company boosted shareholder returns by increasing its quarterly dividend from $0.01 to $0.25 and authorizing an $80 billion share buyback. Analysts also remain broadly bullish, with a consensus rating of “Buy” and an average target price of $303.27.

Fifth Third Bancorp reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,850,597 shares of the computer hardware maker's stock after selling 141,972 shares during the period. NVIDIA comprises about 5.8% of Fifth Third Bancorp's holdings, making the stock its largest position. Fifth Third Bancorp's holdings in NVIDIA were worth $1,837,136,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NVDA. Longfellow Investment Management Co. LLC increased its position in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after purchasing an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new position in NVIDIA in the 2nd quarter worth about $40,000. Sellwood Investment Partners LLC acquired a new position in NVIDIA in the 3rd quarter worth about $50,000. Networth Advisors LLC acquired a new position in NVIDIA in the 4th quarter worth about $51,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new position in NVIDIA in the 2nd quarter worth about $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA News Summary

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 Price Performance

NVIDIA stock opened at $215.33 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 3.24. The company has a market capitalization of $5.21 trillion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 0.67 and a beta of 2.25. NVIDIA Corporation has a one year low of $129.16 and a one year high of $236.54. The business has a 50 day simple moving average of $196.10 and a 200 day simple moving average of $188.93.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping the consensus estimate of $1.76 by $0.11. The business had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.NVIDIA's revenue was up 85.2% on a year-over-year basis. During the same quarter last year, the company earned $0.81 EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 7.98 EPS for the current fiscal year.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be paid a $0.25 dividend. This is an increase from NVIDIA's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA's payout ratio is 0.61%.

NVIDIA declared that its board has authorized a stock buyback program on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have weighed in on NVDA shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $325.00 target price on shares of NVIDIA in a research report on Thursday. DZ Bank reaffirmed a "buy" rating on shares of NVIDIA in a research report on Thursday. Seaport Research Partners upped their target price on NVIDIA from $140.00 to $180.00 and gave the stock a "sell" rating in a research report on Thursday. Bank of America reissued a "buy" rating and set a $350.00 price objective (up from $320.00) on shares of NVIDIA in a report on Thursday. Finally, Barclays reissued an "overweight" rating on shares of NVIDIA in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $303.27.

Insider Buying and Selling

In other news, Director Aarti S. Shah sold 19,000 shares of NVIDIA stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $176.71, for a total value of $3,357,490.00. Following the completion of the sale, the director directly owned 36,007 shares of the company's stock, valued at approximately $6,362,796.97. This trade represents a 34.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 300,000 shares of the firm's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total value of $54,675,000.00. Following the completion of the transaction, the executive vice president owned 3,018,547 shares in the company, valued at $550,130,190.75. This represents a 9.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 906,336 shares of company stock worth $162,802,518. 4.17% of the stock is currently owned by company insiders.

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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