NVIDIA Corporation $NVDA Stock Sold by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp reduced its NVIDIA position by 2.8%, selling 385,836 shares and retaining 13.2 million shares worth approximately $2.64 billion. NVIDIA remains the bank’s second-largest holding and represents about 4.3% of its portfolio.
• Wall Street remains broadly bullish, with an average “Buy” rating and a consensus price target of $324.14. NVIDIA recently reported quarterly EPS of $2.22 and revenue of $96.22 billion, exceeding analyst expectations, while revenue grew 105.9% year over year.
• Recent insider sales totaled about $399.5 million over three months, including sales by CFO Colette Kress and EVP Timothy Teter under pre-arranged trading plans. Higher Treasury yields and rising memory costs could pressure NVIDIA’s valuation and margins despite strong AI demand.

Fifth Third Bancorp trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,196,025 shares of the computer hardware maker's stock after selling 385,836 shares during the period. NVIDIA comprises approximately 4.3% of Fifth Third Bancorp's investment portfolio, making the stock its 2nd largest holding. Fifth Third Bancorp owned 0.05% of NVIDIA worth $2,640,393,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lifetime Wealth Management P.C. purchased a new position in NVIDIA in the fourth quarter valued at about $26,000. Longview Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the 1st quarter worth approximately $27,000. Phillip James Consulting Co. purchased a new stake in shares of NVIDIA during the 1st quarter worth approximately $40,000. Frankly Finances LLC bought a new stake in shares of NVIDIA in the 2nd quarter worth approximately $60,000. Finally, Horrell Capital Management Inc. raised its holdings in shares of NVIDIA by 38.1% in the 4th quarter. Horrell Capital Management Inc. now owns 373 shares of the computer hardware maker's stock worth $70,000 after purchasing an additional 103 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NVDA shares. Jefferies Financial Group reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, August 26th. President Capital upped their price target on NVIDIA from $295.00 to $330.00 in a research report on Thursday, August 27th. TD Cowen reiterated a "buy" rating on shares of NVIDIA in a research note on Tuesday, August 18th. Raymond James Financial set a $515.00 price objective on NVIDIA and gave the stock a "strong-buy" rating in a report on Thursday, August 27th. Finally, KeyCorp restated an "overweight" rating and issued a $330.00 price objective on shares of NVIDIA in a research note on Monday, August 24th. Four investment analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $324.14.

NVIDIA Trading Down 0.4%

Shares of NVDA opened at $224.58 on Friday. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $236.54. The stock has a market cap of $5.41 trillion, a PE ratio of 28.39, a P/E/G ratio of 1.77 and a beta of 2.22. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. The business's 50-day moving average price is $216.08 and its 200-day moving average price is $205.72.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. NVIDIA's revenue was up 105.9% compared to the same quarter last year. During the same period last year, the business earned $1.05 earnings per share. On average, equities analysts forecast that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is presently 12.64%.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: AI demand remains exceptionally strong. Commentary indicates NVIDIA’s management sees a path to roughly 70% revenue growth in fiscal 2028, well above the approximately 45% previously modeled by analysts. This suggests hyperscaler spending and demand for NVIDIA’s accelerated-computing systems may remain robust for longer than expected. NVIDIA demand growth article
• Positive Sentiment: The Vera Rubin rollout is progressing, with Super Micro Computer reportedly shipping liquid-cooled NVL72 racks for customer deployments. Successful system integration supports NVIDIA’s next-generation sales cycle and reinforces demand for related data-center infrastructure. Vera Rubin shipment article
• Positive Sentiment: Sanford C. Bernstein reaffirmed its “Buy” rating, while other research coverage continues to favor NVIDIA over competing AI-chip stocks because of its faster growth, stronger margins and broader hardware, networking and software ecosystem. NVIDIA versus Marvell analysis
• Neutral Sentiment: NVIDIA’s reported agreement to acquire Hugging Face for nearly $13 billion would expand its access to AI models, developers, datasets and distribution. The strategic benefits could be significant, but the deal’s high price relative to Hugging Face’s reported revenue creates execution and valuation risk. Hugging Face acquisition analysis
• Negative Sentiment: Higher Treasury yields are making expensive technology stocks less attractive and increasing the risk of valuation compression. This macro pressure was the clearest reason for weakness across NVIDIA and other semiconductor shares. Semiconductor stocks and Treasury yields
• Negative Sentiment: Management expects higher memory costs to pressure gross margins, indicating that pricing power is shifting toward memory and optical-networking suppliers. NVIDIA also faces scrutiny from large insider sales, including an approximately $6.8 million Rule 10b5-1 sale by EVP Timothy Teter, although the transaction was prearranged. NVIDIA insider sale

Insider Activity

In related news, CFO Colette Kress sold 34,918 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the sale, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the sale, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at $598,810,648. This represents a 1.12% 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 sold 1,766,118 shares of company stock worth $399,450,353 in the last three months. Corporate insiders own 3.94% of the company's stock.

About NVIDIA

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

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