Fifth Third Wealth Advisors LLC Has $110.70 Million Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Fifth Third Wealth Advisors LLC increased its NVIDIA stake by 2.5% in the first quarter, buying 15,256 more shares and bringing its total to 634,730 shares worth about $110.7 million. NVIDIA is now the firm’s third-largest holding, making up roughly 3.7% of its portfolio.
• Wall Street remains broadly bullish on NVIDIA, with recent analyst price targets ranging from $255 to $325 and a consensus rating of Buy. MarketBeat notes an average target price of $303.84, supported by 48 Buy ratings and 3 Strong Buy ratings.
• NVIDIA continues to show strong operating momentum, reporting earnings and revenue above estimates in its latest quarter and raising its quarterly dividend from $0.01 to $0.25 per share. The company also authorized an $80 billion share repurchase plan, signaling management confidence in the stock.

Fifth Third Wealth Advisors LLC raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 634,730 shares of the computer hardware maker's stock after buying an additional 15,256 shares during the period. NVIDIA comprises approximately 3.7% of Fifth Third Wealth Advisors LLC's holdings, making the stock its 3rd largest position. Fifth Third Wealth Advisors LLC's holdings in NVIDIA were worth $110,697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Diversified Enterprises LLC lifted its position in NVIDIA by 44.2% during the fourth quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker's stock valued at $23,798,000 after purchasing an additional 39,129 shares in the last quarter. ASR Vermogensbeheer N.V. grew its holdings in NVIDIA by 1.8% during the fourth quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker's stock valued at $591,086,000 after purchasing an additional 54,877 shares during the period. PMG Family Office LLC purchased a new stake in NVIDIA in the third quarter worth about $2,150,000. Storen Legacy Partners LLC purchased a new stake in NVIDIA in the fourth quarter worth about $1,350,000. Finally, Weaver Capital Management LLC raised its stake in shares of NVIDIA by 5.5% in the fourth quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker's stock worth $15,893,000 after buying an additional 4,439 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NVDA shares. Craig Hallum lifted their price objective on NVIDIA from $245.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. HSBC reissued a "buy" rating and issued a $325.00 target price (up from $295.00) on shares of NVIDIA in a report on Tuesday, May 19th. Daiwa Securities Group lifted their price target on shares of NVIDIA from $215.00 to $255.00 and gave the company an "outperform" rating in a report on Friday, May 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price target on shares of NVIDIA in a research report on Tuesday, June 2nd. Finally, Royal Bank Of Canada set a $280.00 price objective on shares of NVIDIA in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $303.84.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Palantir announced a new AI partnership with NVIDIA, reinforcing NVDA’s role as the core enabler of government and enterprise AI deployments. Palantir and Nvidia Bring Open AI Models Inside U.S. Government Systems
• Positive Sentiment: Australia’s Firmus Technologies struck an AI access deal with NVIDIA, another sign that smaller AI firms are leaning on NVDA’s ecosystem to secure compute capacity. Australia's Firmus Technologies strikes AI access deal with Nvidia
• Positive Sentiment: Bernstein reaffirmed its buy rating on NVIDIA, while broader commentary noted that most analysts remain bullish on the stock despite recent cooling. NVIDIA had its "buy" rating reaffirmed by Sanford C. Bernstein.
• Neutral Sentiment: Articles highlighted NVIDIA’s expanding AI infrastructure push, including partnerships aimed at giving smaller companies more affordable access to Nvidia-powered computing. Nvidia's AI Infrastructure Push Gets Bigger
• Neutral Sentiment: Some reports also warned of risks around chip export controls and AI sentiment, including a probe into alleged NVIDIA chip smuggling and broader talk of an AI valuation pullback, which may keep volatility elevated. Super Micro Plunges 8% as Taiwan Raids Its Offices in NVIDIA AI Chip Smuggling Probe

NVIDIA Stock Up 1.3%

NASDAQ NVDA opened at $194.97 on Tuesday. The stock's 50 day moving average is $210.60 and its 200 day moving average is $193.13. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. NVIDIA Corporation has a 12 month low of $151.49 and a 12 month high of $236.54. The stock has a market cap of $4.72 trillion, a PE ratio of 29.86, a P/E/G ratio of 0.43 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.11. The business had revenue of $81.61 billion during the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company's revenue was up 85.2% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. Research analysts predict that NVIDIA Corporation will post 8.69 EPS for the current fiscal year.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were given 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 was Thursday, June 4th. NVIDIA's dividend payout ratio (DPR) is currently 15.31%.

NVIDIA declared that its Board of Directors has approved a share repurchase plan 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 plans are typically an indication that the company's management believes its shares are undervalued.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total value of $133,750.00. Following the sale, the director directly owned 14,163 shares in the company, valued at approximately $3,030,882. The trade was a 4.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 885,000 shares of the business's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the sale, the director owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,901,125 shares of company stock valued at $410,583,015. Corporate insiders own 3.94% of the company's stock.

About NVIDIA

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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