QRG Capital Management Inc. Buys 167,849 Shares of NVIDIA Corporation $NVDA

Key Points

• QRG Capital Management increased its NVIDIA stake by 5.3% in the fourth quarter, buying 167,849 shares and bringing its total holdings to 3.31 million shares worth about $618.1 million. NVIDIA is now the firm’s largest position, representing 6.9% of its portfolio.
• NVIDIA continues to attract heavy institutional interest, with major investors such as State Street, Geode Capital, Norges Bank, and others adding to positions. Overall, institutional investors and hedge funds own 65.27% of the company’s stock.
• The company reported strong quarterly results, beating earnings and revenue expectations, while analysts largely remain bullish with an average Buy rating and an average target price of $305.38. NVIDIA also raised its dividend and authorized an $80 billion share buyback, signaling confidence in its outlook.

QRG Capital Management Inc. grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,314,091 shares of the computer hardware maker's stock after purchasing an additional 167,849 shares during the period. NVIDIA makes up 6.9% of QRG Capital Management Inc.'s investment portfolio, making the stock its biggest holding. QRG Capital Management Inc.'s holdings in NVIDIA were worth $618,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of NVIDIA by 1.0% in the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock worth $154,556,803,000 after acquiring an additional 9,554,857 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of NVIDIA by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock worth $91,150,170,000 after acquiring an additional 8,521,936 shares during the last quarter. Norges Bank acquired a new stake in shares of NVIDIA in the 2nd quarter worth about $51,386,863,000. Legal & General Group Plc raised its holdings in shares of NVIDIA by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock worth $33,808,862,000 after acquiring an additional 2,609,560 shares during the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of NVIDIA by 16.1% in the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock worth $30,855,564,000 after acquiring an additional 22,896,705 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Wall Street turned more constructive, with Tigress Financial raising its price target on NVIDIA to $425 and maintaining a strong-buy rating, while other firms reiterated bullish views on the company’s AI leadership.
• Positive Sentiment: Multiple reports highlighted NVIDIA’s blockbuster quarterly results, including strong data center revenue growth and management commentary that demand for Blackwell, networking, and broader AI infrastructure remains robust.
• Positive Sentiment: Jensen Huang reiterated that NVIDIA is positioned to benefit from the massive build-out of AI factories, and several articles noted the company’s expanding role across cloud, enterprise, and sovereign AI spending.
• Positive Sentiment: NVIDIA’s announced plan to spend heavily in Taiwan, including a new campus and deeper supply-chain investment, was viewed as a vote of confidence in its manufacturing ecosystem and AI demand outlook.
• Neutral Sentiment: Commentary from analysts and media outlets continued to frame NVIDIA as the central winner of the AI buildout, but some articles argued that much of that optimism may already be reflected in the stock price.
• Negative Sentiment: Bearish notes focused on valuation risk, with several pieces warning that NVIDIA is no longer cheap after its big run and that the market may be pricing in very strong future growth already.
• Negative Sentiment: One Reuters report said Taiwan authorities are investigating alleged smuggling of NVIDIA chips to China via Japan, which could add to geopolitical and export-control concerns around the company’s supply chain and China exposure.
• Negative Sentiment: Some investors also remain cautious because insider selling, crowded positioning, and recent pullbacks suggest the stock may be vulnerable to short-term profit-taking despite the strong fundamentals.

Analyst Ratings Changes

A number of research firms recently weighed in on NVDA. Cantor Fitzgerald restated an "overweight" rating and issued a $350.00 target price on shares of NVIDIA in a report on Thursday, May 21st. DA Davidson upped their target price on shares of NVIDIA from $250.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $255.00 target price (up from $220.00) on shares of NVIDIA in a report on Thursday, May 21st. Tigress Financial restated a "strong-buy" rating and issued a $425.00 target price (up from $360.00) on shares of NVIDIA in a report on Wednesday. Finally, Evercore restated an "outperform" rating and issued a $413.00 target price (up from $352.00) on shares of NVIDIA in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, NVIDIA has an average rating of "Buy" and an average target price of $305.38.

Insider Activity

In related news, CFO Colette Kress sold 42,650 shares of the firm's stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $7,459,058.50. Following the completion of the transaction, the chief financial officer directly owned 881,387 shares of the company's stock, valued at approximately $154,145,772.43. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total transaction of $54,675,000.00. Following the completion of the transaction, the executive vice president directly owned 3,018,547 shares of the company's stock, valued at approximately $550,130,190.75. This trade represents a 9.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 906,336 shares of company stock worth $162,802,518. 3.94% of the stock is owned by insiders.

NVIDIA Stock Down 1.1%

NVIDIA stock opened at $212.60 on Thursday. NVIDIA Corporation has a twelve month low of $132.92 and a twelve month high of $236.54. The firm has a 50 day moving average price of $198.02 and a 200-day moving average price of $189.36. The company has a market capitalization of $5.14 trillion, a P/E ratio of 32.56, a P/E/G ratio of 0.52 and a beta of 2.25. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04.

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, beating analysts' consensus estimates of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. During the same period in the prior year, the firm earned $0.81 EPS. The company's revenue was up 85.2% compared to the same quarter last year. As a group, equities analysts predict that NVIDIA Corporation will post 8.04 EPS for the current year.

NVIDIA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from NVIDIA's previous quarterly dividend of $0.01. NVIDIA's payout ratio is currently 0.61%.

NVIDIA declared that its board has approved a stock buyback program on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

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.

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.