Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 13.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,769,941 shares of the computer hardware maker’s stock after purchasing an additional 209,122 shares during the quarter. NVIDIA makes up about 2.9% of Harel Insurance Investments & Financial Services Ltd.’s portfolio, making the stock its 8th largest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in NVIDIA were worth $330,084,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Liberty Atlantic Advisors LLC bought a new stake in NVIDIA during the 4th quarter valued at approximately $989,000. Christine Messmer PC bought a new stake in NVIDIA during the 4th quarter valued at approximately $4,872,000. Milestone Asset Management Group LLC boosted its stake in NVIDIA by 22.5% during the 4th quarter. Milestone Asset Management Group LLC now owns 19,145 shares of the computer hardware maker’s stock valued at $3,571,000 after purchasing an additional 3,515 shares during the period. Alta Wealth Advisors LLC boosted its stake in NVIDIA by 4.0% during the 4th quarter. Alta Wealth Advisors LLC now owns 73,913 shares of the computer hardware maker’s stock valued at $13,785,000 after purchasing an additional 2,840 shares during the period. Finally, Nordwand Advisors LLC boosted its stake in NVIDIA by 15.0% during the 4th quarter. Nordwand Advisors LLC now owns 23,323 shares of the computer hardware maker’s stock valued at $4,350,000 after purchasing an additional 3,036 shares during the period. Institutional investors own 65.27% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on NVDA. Citic Securities increased their target price on NVIDIA from $242.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Zacks Research downgraded NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. President Capital increased their target price on NVIDIA from $280.00 to $295.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Melius Research set a $400.00 target price on NVIDIA in a research note on Thursday, May 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $270.00 price target (up from $240.00) on shares of NVIDIA in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $305.38.
Insider Buying and Selling at NVIDIA
In related news, Director John Dabiri sold 625 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the sale, the director directly owned 14,163 shares in the company, valued at $3,030,882. This represents a 4.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Aarti S. Shah sold 19,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $176.71, for a total value of $3,357,490.00. Following the sale, the director owned 36,007 shares in the company, valued at approximately $6,362,796.97. This trade represents a 34.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 906,961 shares of company stock worth $162,936,268 over the last 90 days. Company insiders own 3.94% of the company’s stock.
NVIDIA News Roundup
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
NVIDIA Trading Down 1.5%
Shares of NVDA opened at $211.14 on Friday. NVIDIA Corporation has a 1 year low of $132.92 and a 1 year high of $236.54. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $199.28 and a 200-day simple moving average of $189.70. The stock has a market cap of $5.11 trillion, a PE ratio of 32.33, a PEG ratio of 0.52 and a beta of 2.25.
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The business had revenue of $81.62 billion during the quarter, compared to analysts’ expectations of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.NVIDIA’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 8.04 EPS for the current fiscal year.
NVIDIA Increases Dividend
The firm 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 is Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA’s dividend payout ratio is currently 0.61%.
NVIDIA announced that its board has approved a share buyback program on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are 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.
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