NVIDIA Corporation $NVDA Holdings Increased by Bank of America Corp DE

Key Points

• Bank of America increased its NVIDIA stake by 2.1% in the first quarter to 191.2 million shares, making NVIDIA its largest holding and representing about 0.79% of the company. Institutional investors collectively own 65.27% of NVIDIA.
• Analysts remain broadly bullish, with 48 Buy, three Strong Buy, and two Hold ratings and a consensus price target of $304.26. NVIDIA also exceeded quarterly earnings and revenue expectations, reporting $1.87 in EPS and $81.61 billion in revenue.
• NVIDIA raised its quarterly dividend to $0.25 per share and authorized an $80 billion share-repurchase program. Meanwhile, insiders sold about 1.9 million shares worth $410.6 million over the past 90 days, including a large sale by director Mark A. Stevens.

Bank of America Corp DE lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,200,989 shares of the computer hardware maker's stock after acquiring an additional 4,019,505 shares during the period. NVIDIA accounts for approximately 2.4% of Bank of America Corp DE's holdings, making the stock its biggest holding. Bank of America Corp DE owned 0.79% of NVIDIA worth $33,345,453,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NVDA. Lifetime Wealth Management P.C. purchased a new position in shares of NVIDIA during the 4th quarter worth about $26,000. Longview Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the first quarter worth approximately $27,000. Longfellow Investment Management Co. LLC raised its holdings in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after buying an additional 67 shares during the period. Phillip James Consulting Co. bought a new stake in shares of NVIDIA during the 1st quarter worth approximately $40,000. Finally, Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA during the second quarter worth $40,000. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. HSBC reiterated a "buy" rating and set a $325.00 price objective (up from $295.00) on shares of NVIDIA in a report on Tuesday, May 19th. Itau BBA Securities cut their price target on NVIDIA from $256.00 to $218.00 in a research note on Wednesday, June 24th. Wolfe Research restated an "outperform" rating and issued a $275.00 price objective on shares of NVIDIA in a report on Thursday, May 21st. Stifel Nicolaus set a $282.00 price target on shares of NVIDIA and gave the company a "buy" rating in a report on Thursday, May 21st. Finally, William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Tuesday, June 2nd. Three 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's stock. According to MarketBeat, NVIDIA has an average rating of "Buy" and a consensus target price of $304.26.

Insider Activity at NVIDIA

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

NVIDIA Price Performance

Shares of NVDA opened at $223.96 on Monday. The company has a market cap of $5.42 trillion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 0.44 and a beta of 2.23. NVIDIA Corporation has a twelve month low of $164.07 and a twelve month high of $236.54. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $205.66 and a two-hundred day moving average of $197.27.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. The business had revenue of $81.61 billion for 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 business's revenue for the quarter was up 85.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 earnings per share. As a group, analysts predict that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were paid a dividend of $0.25 per share. This is a positive change from NVIDIA's previous quarterly dividend of $0.01. The ex-dividend date was Thursday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.4%. NVIDIA's dividend payout ratio (DPR) is presently 15.31%.

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

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Reports that SpaceX plans to deploy NVIDIA’s next-generation AI hardware across terrestrial and orbital computing infrastructure reinforced expectations for another major customer and expanded demand for NVIDIA systems. Time to Buy Nvidia or SpaceX Stock After Their AI Partnership?
• Positive Sentiment: Strong spending by hyperscalers, demand for AI data-center capacity, and NVIDIA-backed projects such as Firmus’ $2 billion fundraising in Australia and Asia-Pacific supported the view that AI infrastructure investment remains robust. Firmus nearly doubles valuation to over $10.5 billion
• Positive Sentiment: Analyst and market commentary highlighted NVIDIA’s leadership in sovereign AI, with one report estimating a 92% share, while investors continued to describe the company as evolving from a GPU supplier into a broader AI infrastructure platform. What’s Going On With NVIDIA Stock Friday?
• Positive Sentiment: Recent commentary pointed to accelerating AI demand, strong cash flow and valuation support, with the median analyst price target reported at $308.50 versus recent trading levels. Should You Buy NVIDIA Stock After Its 11% Rally in a Month?
• Neutral Sentiment: NVIDIA’s rally has lifted the stock roughly 12% over five sessions, increasing focus on the upcoming earnings report. Analysts remain constructive, but some traders are pausing because near-term catalysts may be limited after the sharp advance. Two reasons why Nvidia's stock saw its biggest weekly surge
• Negative Sentiment: AMD’s acquisition of AI-inference chip startup Taalas could strengthen its competitive position and create a longer-term challenge to NVIDIA, although initial investor commentary suggested the deal does not immediately close NVIDIA’s AI gap. AMD Is Buying Its Way Deeper Into AI Inference
• Negative Sentiment: QuiverQuant data showed 45 NVIDIA insider sales and no insider purchases during the past six months, a potential caution signal as the stock trades near its highs. NVIDIA Stock Opinions on AI Market Position

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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