NVIDIA Corporation $NVDA is Sumitomo Mitsui DS Asset Management Company Ltd’s Largest Position

Sumitomo Mitsui DS Asset Management Company Ltd decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 4,116,258 shares of the computer hardware maker’s stock after selling 21,490 shares during the quarter. NVIDIA makes up 6.0% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in NVIDIA were worth $767,682,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in NVDA. Norges Bank purchased a new position in NVIDIA in the second quarter worth approximately $51,386,863,000. Capital Research Global Investors lifted its stake in NVIDIA by 16.1% in the third 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. Laurel Wealth Advisors LLC lifted its stake in NVIDIA by 15,496.1% in the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock worth $3,454,534,000 after acquiring an additional 21,725,326 shares during the last quarter. Danske Bank A S purchased a new position in NVIDIA in the third quarter worth approximately $3,180,313,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in NVIDIA by 25.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 71,720,593 shares of the computer hardware maker’s stock worth $13,381,628,000 after acquiring an additional 14,358,048 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Investors are looking ahead to next week’s Computex conference, which could provide a fresh catalyst for NVIDIA’s AI-chip leadership and keep sentiment constructive around the stock. Why Nvidia stock is up around 1% today
• Positive Sentiment: Analysts and commentators continue to point to NVIDIA as the main winner from the AI server boom, with strong demand for its chips, Blackwell products, and broader data-center ecosystem. Jim Cramer names Nvidia as the winner behind Dell rally
• Positive Sentiment: News that NVIDIA is investing heavily in photonics, with billions directed toward next-generation data-center connectivity, suggests the company is trying to extend its AI leadership beyond GPUs into the next bottlenecks in AI infrastructure. Nvidia is investing billions into this emerging technology that could change the AI industry
• Positive Sentiment: Truist raised its price target on NVDA to $307 and kept a Buy rating, reinforcing the view that the company’s strong quarterly results and growth outlook remain intact. NVIDIA Corporation (NVDA) Stock Update: Truist Raises Target to $307 Following Strong Quarter
• Neutral Sentiment: CEO Jensen Huang’s reported advisory-board role at Tsinghua University keeps NVIDIA visible in China-related tech circles, but it is more of a corporate-profile headline than a direct earnings driver. Nvidia chief Jensen Huang to join board of Beijing’s Tsinghua University, FT reports
• Negative Sentiment: Director John Dabiri sold 625 shares under a pre-arranged 10b5-1 trading plan, which is routine but can still add to investor caution when the stock is already expensive and volatile. SEC filing for John Dabiri transaction
• Negative Sentiment: Several articles highlight concerns that NVIDIA’s valuation is stretched and that the stock may be struggling to extend gains after a huge AI-driven run, which can weigh on near-term trading. Nvidia And The Reality Of Paying For Perfection

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Bank of America reiterated a “buy” rating and issued a $350.00 price target (up from $320.00) on shares of NVIDIA in a research note on Thursday, May 21st. Craig Hallum lifted their price target on shares of NVIDIA from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. CICC Research lifted their price target on shares of NVIDIA from $240.60 to $268.30 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 price target on shares of NVIDIA in a research note on Thursday, May 21st. Finally, Wedbush raised their price objective on shares of NVIDIA from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $305.38.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 42,650 shares of NVIDIA stock in a transaction 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 transaction, the chief financial officer directly owned 881,387 shares of the company’s stock, valued at $154,145,772.43. The trade was a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ajay K. Puri sold 300,000 shares of NVIDIA stock in a transaction on Wednesday, March 18th. The shares were 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 in the company, valued at $550,130,190.75. The trade was a 9.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 906,961 shares of company stock worth $162,936,268. Corporate insiders own 3.94% of the company’s stock.

NVIDIA Stock Down 1.5%

NVDA stock opened at $211.14 on Friday. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. NVIDIA Corporation has a twelve month low of $132.92 and a twelve month high of $236.54. The company’s 50 day moving average is $199.28 and its two-hundred day moving average is $189.70. The stock has a market cap of $5.11 trillion, a P/E ratio of 32.33, a PEG ratio of 0.52 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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. The company had revenue of $81.62 billion for the quarter, compared to analysts’ expectations of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. Research analysts expect that NVIDIA Corporation will post 8.04 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Thursday, June 4th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s dividend payout ratio is presently 0.61%.

NVIDIA declared that its Board of Directors has approved a share repurchase 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 purchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

About NVIDIA

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.