Sun Financial Inc Buys Shares of 18,931 NVIDIA Corporation $NVDA

Key Points

• Sun Financial Inc. initiated a new position in NVIDIA during the fourth quarter, buying 18,931 shares worth about $3.53 million. NVIDIA now makes up roughly 2.0% of Sun Financial’s portfolio and is its 10th-largest holding.
• NVIDIA continues to draw strong institutional and analyst support, with Wall Street firms raising targets and maintaining bullish ratings on the company’s AI leadership. MarketBeat notes the stock has an average Buy rating and a consensus target price of about $305.38.
• The company reported another strong quarter, with EPS of $1.87 and revenue of $81.62 billion, both above estimates and up sharply year over year. NVIDIA also authorized an $80 billion share buyback and raised its quarterly dividend to $0.25 per share.

Sun Financial Inc bought a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 18,931 shares of the computer hardware maker's stock, valued at approximately $3,531,000. NVIDIA accounts for approximately 2.0% of Sun Financial Inc's portfolio, making the stock its 10th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Longfellow Investment Management Co. LLC grew its holdings in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after buying an additional 67 shares during the period. Spurstone Advisory Services LLC purchased a new stake in NVIDIA in the 2nd quarter valued at about $40,000. Syntax Research Inc. grew its holdings in NVIDIA by 62.5% in the 4th quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock valued at $49,000 after buying an additional 100 shares during the period. Sellwood Investment Partners LLC purchased a new stake in NVIDIA in the 3rd quarter valued at about $50,000. Finally, Networth Advisors LLC purchased a new stake in NVIDIA in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Key Headlines Impacting 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.

Insider Activity

In related news, CFO Colette Kress sold 42,650 shares of the business's stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $7,459,058.50. Following the transaction, the chief financial officer directly owned 881,387 shares of the company's stock, valued at approximately $154,145,772.43. The trade was a 4.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John Dabiri sold 3,004 shares of the business's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $184.90, for a total value of $555,439.60. Following the transaction, the director directly owned 14,788 shares in the company, valued at $2,734,301.20. This trade represents a 16.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 906,336 shares of company stock worth $162,802,518 in the last ninety days. 3.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the company. BTIG Research assumed coverage on NVIDIA in a report on Wednesday, April 15th. They issued a "buy" rating for the company. Raymond James Financial reiterated a "strong-buy" rating and set a $330.00 target price on shares of NVIDIA in a report on Thursday, May 21st. New Street Research dropped their target price on shares of NVIDIA from $343.00 to $340.00 in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $255.00 target price (up from $220.00) on shares of NVIDIA in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein reissued an "outperform" rating 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 given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $305.38.

NVIDIA Stock Down 1.1%

NVDA opened at $212.60 on Thursday. 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 cap of $5.14 trillion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 0.52 and a beta of 2.25. NVIDIA Corporation has a 1 year low of $132.92 and a 1 year high of $236.54. 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 (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping the consensus estimate of $1.76 by $0.11. The firm had revenue of $81.62 billion for the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.NVIDIA'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 posted $0.81 EPS. Sell-side analysts expect that NVIDIA Corporation will post 8.04 earnings per share for the current year.

NVIDIA declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 20th that allows the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

NVIDIA Increases Dividend

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

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.