OLD National Bancorp IN Has $20.60 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• OLD National Bancorp IN increased its NVIDIA stake by 7.6% in the first quarter, buying 8,365 more shares and bringing its total holding to 118,099 shares worth about $20.6 million.
• NVIDIA posted strong quarterly results, with earnings of $1.87 per share versus estimates of $1.76 and revenue of $81.61 billion, up 85.2% year over year.
• The company recently raised its dividend to $0.25 per share and its board authorized an $80 billion share repurchase program, signaling confidence in the stock and cash generation.

OLD National Bancorp IN increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 118,099 shares of the computer hardware maker's stock after purchasing an additional 8,365 shares during the period. OLD National Bancorp IN's holdings in NVIDIA were worth $20,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Brighton Jones LLC raised its position in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after buying an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG grew its stake in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after acquiring an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE increased its holdings in shares of NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after purchasing an additional 3,653 shares during the period. Hudson Value Partners LLC increased its holdings in shares of NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after purchasing an additional 11,900 shares during the period. Finally, Wealth Group Ltd. lifted its position in shares of NVIDIA by 15.7% in the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock worth $715,000 after purchasing an additional 896 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA opened at $197.58 on Thursday. The company's fifty day moving average is $210.48 and its two-hundred day moving average is $193.36. The firm has a market capitalization of $4.78 trillion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 0.44 and a beta of 2.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. NVIDIA Corporation has a 52-week low of $152.97 and a 52-week high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business had revenue of $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. During the same period last year, the business earned $0.81 earnings per share. The firm's revenue for the quarter was up 85.2% compared to the same quarter last year. Equities research analysts forecast that NVIDIA Corporation will post 8.69 EPS for the current year.

NVIDIA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were given a dividend of $0.25 per share. This is a boost 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 presently 15.31%.

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

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA expanded its AI ecosystem with a sovereign-AI partnership with Palantir to deploy secure AI models for government and infrastructure customers, reinforcing demand for its GPUs and software stack. Article Title
• Positive Sentiment: Reuters reported that Valar Atomics is partnering with NVIDIA on a small Utah data center aimed at showing how AI infrastructure can conserve water, highlighting another real-world use case for NVIDIA’s data-center technology. Article Title
• Positive Sentiment: Several reports pointed to continued bullish long-term catalysts, including robotics, edge AI, and ongoing hyperscaler capex, suggesting NVIDIA remains central to the AI buildout even amid a short-term pullback. Article Title
• Neutral Sentiment: Analyst commentary and valuation-focused articles remain constructive overall, with multiple firms reiterating positive ratings and raising earnings estimates, but these views are being offset by near-term concerns about stretched valuations and sector rotation. Article Title
• Negative Sentiment: Bearish technical commentary warns that NVIDIA could drift lower in the short term, with some traders eyeing a move toward $165 if support breaks. Article Title
• Negative Sentiment: Michael Burry disclosed short bets against NVIDIA and other chip stocks, adding to concerns that the semiconductor group may be overextended after its big run. Article Title

Wall Street Analyst Weigh In

A number of brokerages recently commented on NVDA. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Tuesday, June 2nd. Morgan Stanley set a $288.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a report on Thursday, May 21st. Susquehanna reaffirmed a "positive" rating and issued a $275.00 price target (up from $250.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Stifel Nicolaus set a $282.00 price objective on NVIDIA and gave the stock a "buy" rating in a report on Thursday, May 21st. Finally, UBS Group lifted their price objective on NVIDIA from $275.00 to $280.00 and gave the company a "buy" rating in a research report 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 given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $303.84.

Insider Activity at NVIDIA

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 completion of the transaction, the director owned 116,135 shares in the company, valued at approximately $25,053,803.55. This represents a 11.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the sale, the director owned 14,163 shares in the company, valued at approximately $3,030,882. This trade represents a 4.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,901,125 shares of company stock worth $410,583,015. 3.94% of the stock is owned by corporate insiders.

NVIDIA 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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