NVIDIA Corporation $NVDA Shares Sold by Fulton Bank N.A.

Key Points

• Fulton Bank N.A. trimmed its NVIDIA stake by 1.8% in the first quarter, but still held 335,359 shares valued at about $58.5 million, making NVIDIA its 10th-largest holding.
• NVIDIA reported a strong latest quarter, with EPS of $1.87 beating estimates and revenue of $81.61 billion topping forecasts, while revenue rose 85.2% year over year.
• The company also announced a massive $80 billion share buyback and boosted its quarterly dividend to $0.25 per share from $0.01, signaling confidence in its financial position.

Fulton Bank N.A. cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 335,359 shares of the computer hardware maker's stock after selling 6,164 shares during the quarter. NVIDIA accounts for about 2.1% of Fulton Bank N.A.'s portfolio, making the stock its 10th biggest holding. Fulton Bank N.A.'s holdings in NVIDIA were worth $58,487,000 at the end of the most recent reporting period.

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

NVIDIA Stock Performance

Shares of NVDA opened at $202.78 on Friday. The stock's 50-day simple moving average is $209.45 and its 200 day simple moving average is $194.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. NVIDIA Corporation has a 52-week low of $161.61 and a 52-week high of $236.54. The stock has a market capitalization of $4.91 trillion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 0.45 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates 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%. NVIDIA's revenue was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS. Research analysts forecast that NVIDIA Corporation will post 8.79 EPS for the current fiscal year.

NVIDIA announced that its Board of Directors has authorized a stock buyback plan on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in shares. This repurchase authorization authorizes the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

NVIDIA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, June 4th. This is a positive change from NVIDIA's previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA's payout ratio is presently 15.31%.

Insiders Place Their Bets

In other news, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the transaction, the director owned 116,135 shares of the company's stock, valued at $25,053,803.55. This represents a 11.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 885,000 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the transaction, the director directly owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This represents a 14.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,901,125 shares of company stock valued at $410,583,015 in the last quarter. Corporate insiders own 3.94% of the company's stock.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Bank of America and other analysts reiterated bullish views, saying NVIDIA still dominates AI infrastructure spending and that the current valuation looks attractive after the recent selloff. Nvidia backed by Bank of America as analysts see AI leadership supporting further growth
• Positive Sentiment: Research from SemiAnalysis suggested NVIDIA could beat Wall Street expectations on data center revenue, reinforcing the view that AI demand remains stronger than many investors fear. Wall Street’s Most Watched Researcher Just Predicted NVIDIA Will Crush Earnings. Will the Stock Rally?
• Positive Sentiment: NVIDIA announced or was highlighted in several AI product and ecosystem updates, including Hugging Face LeRobot integration and new NIM microservices, which help support its long-term platform story. NVIDIA (NVDA) Integrates Isaac AI Tools into Hugging Face LeRobot
• Neutral Sentiment: Reports that China may allow limited purchases of NVIDIA H200 chips could modestly improve sentiment, but supply appears tightly capped, limiting the near-term impact. China plans to let top AI firms buy limited amount of Nvidia H200 chips, the Information reports
• Neutral Sentiment: Several articles argued NVIDIA is trading at a lower valuation than usual, which may attract value buyers, but the same decline also reflects investor concerns about competition, margins, and delays in next-gen infrastructure. Nvidia's stock trades at a juicy discount, according to BofA
• Negative Sentiment: Some coverage pointed to slower momentum in the stock versus other AI and semiconductor names, plus concerns about rising competition and a broader rotation away from NVIDIA into other parts of the AI supply chain. Nvidia stock continues to struggle even as AI peers soar: buy, sell, or hold?
• Negative Sentiment: Reuters also reported that France’s competition probe into NVIDIA is nearing an end, keeping regulatory overhang in focus. French competition authority's Nvidia probe nearing end

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Truist Financial lifted their price objective on NVIDIA from $287.00 to $307.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. President Capital raised their price objective on shares of NVIDIA from $280.00 to $295.00 and gave the company a "buy" rating in a research note on Thursday, May 21st. Itau BBA Securities cut their target price on NVIDIA from $256.00 to $218.00 in a research report on Wednesday, June 24th. Royal Bank Of Canada set a $280.00 price objective on shares of NVIDIA in a research report on Thursday, May 21st. Finally, Evercore reaffirmed an "outperform" rating and set a $413.00 target price (up from $352.00) on shares of NVIDIA in a research report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $303.84.

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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