Fifth Third Wealth Advisors LLC Has $93.87 Million Stake in NVIDIA Corporation $NVDA

Fifth Third Wealth Advisors LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,127 shares of the computer hardware maker’s stock after acquiring an additional 25,449 shares during the period. NVIDIA makes up approximately 3.9% of Fifth Third Wealth Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Fifth Third Wealth Advisors LLC’s holdings in NVIDIA were worth $93,866,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Natural Investments LLC boosted its holdings in shares of NVIDIA by 9.0% in the second quarter. Natural Investments LLC now owns 120,006 shares of the computer hardware maker’s stock valued at $18,959,000 after acquiring an additional 9,933 shares in the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of NVIDIA by 6.1% in the second quarter. Richardson Financial Services Inc. now owns 24,071 shares of the computer hardware maker’s stock valued at $3,692,000 after acquiring an additional 1,382 shares in the last quarter. IRON Financial LLC boosted its holdings in shares of NVIDIA by 3.8% in the second quarter. IRON Financial LLC now owns 15,598 shares of the computer hardware maker’s stock valued at $2,464,000 after acquiring an additional 572 shares in the last quarter. One Degree Advisors Inc boosted its holdings in shares of NVIDIA by 161.6% in the second quarter. One Degree Advisors Inc now owns 5,669 shares of the computer hardware maker’s stock valued at $895,000 after acquiring an additional 3,502 shares in the last quarter. Finally, Avion Wealth boosted its holdings in shares of NVIDIA by 24.7% in the second quarter. Avion Wealth now owns 8,827 shares of the computer hardware maker’s stock valued at $1,395,000 after acquiring an additional 1,750 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,578,937 shares of company stock valued at $641,069,346. 4.17% of the stock is currently owned by insiders.

NVIDIA Trading Down 0.2%

Shares of NVDA stock opened at $202.46 on Monday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The firm’s fifty day simple moving average is $181.84 and its 200 day simple moving average is $160.05. The firm has a market capitalization of $4.92 trillion, a P/E ratio of 57.68, a price-to-earnings-growth ratio of 1.49 and a beta of 2.12. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business’s revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.

Analysts Set New Price Targets

A number of analysts recently weighed in on NVDA shares. Bank of America raised their target price on shares of NVIDIA from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Citigroup reissued a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of NVIDIA in a research report on Tuesday, September 30th. TD Cowen lifted their target price on shares of NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Evercore ISI set a $261.00 price objective on shares of NVIDIA and gave the stock an “outperform” rating in a research note on Wednesday. Finally, UBS Group set a $235.00 price objective on shares of NVIDIA and gave the stock a “buy” rating in a research note on Wednesday. Five analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $230.13.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.