PNC Financial Services Group Inc. Purchases 364,427 Shares of NVIDIA Corporation $NVDA

Posted by Brian Himes on Aug 3rd, 2026

PNC Financial Services Group Inc. boosted its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 3.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,057,975 shares of the computer hardware maker’s stock after acquiring an additional 364,427 shares during the period. NVIDIA comprises approximately 1.1% of PNC Financial Services Group Inc.’s holdings, making the stock its 8th biggest holding. PNC Financial Services Group Inc.’s holdings in NVIDIA were worth $1,928,511,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Oslo Pensjonsforsikring AS purchased a new position in shares of NVIDIA during the 1st quarter worth about $13,502,000. HORAN Wealth LLC grew its holdings in NVIDIA by 3.4% in the first quarter. HORAN Wealth LLC now owns 54,359 shares of the computer hardware maker’s stock valued at $9,814,000 after purchasing an additional 1,762 shares during the period. DJE Kapital AG grew its holdings in NVIDIA by 124.9% in the first quarter. DJE Kapital AG now owns 1,549,464 shares of the computer hardware maker’s stock valued at $261,695,000 after purchasing an additional 860,642 shares during the period. Burling Wealth Partners LLC increased its position in NVIDIA by 2.3% during the first quarter. Burling Wealth Partners LLC now owns 145,493 shares of the computer hardware maker’s stock worth $25,374,000 after purchasing an additional 3,277 shares during the last quarter. Finally, Andra AP fonden increased its position in NVIDIA by 68.4% during the first quarter. Andra AP fonden now owns 3,522,798 shares of the computer hardware maker’s stock worth $614,376,000 after purchasing an additional 1,430,621 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on NVDA. KeyCorp reiterated an “overweight” rating and issued a $330.00 price target (up from $310.00) on shares of NVIDIA in a report on Tuesday, July 14th. New Street Research dropped their price objective on NVIDIA from $343.00 to $340.00 in a report on Thursday, May 21st. Wall Street Zen lowered NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Seaport Research Partners lifted their target price on NVIDIA from $140.00 to $180.00 and gave the company a “sell” rating in a report on Thursday, May 21st. Finally, Bank of America reiterated a “buy” rating and issued a $350.00 target price (up from $320.00) 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 given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $304.26.

View Our Latest Analysis on NVDA

Insider Transactions at NVIDIA

In related news, Director John Dabiri sold 625 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the sale, the director directly owned 14,163 shares of the company’s stock, valued at approximately $3,030,882. This trade represents a 4.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the sale, the director directly owned 5,207,271 shares in the company, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,901,125 shares of company stock valued at $410,583,015. Corporate insiders own 3.94% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $200.75 on Monday. The firm has a market cap of $4.86 trillion, a P/E ratio of 30.74, a price-to-earnings-growth ratio of 0.39 and a beta of 2.23. 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 Corporation has a 1 year low of $164.07 and a 1 year high of $236.54. The stock has a 50-day simple moving average of $205.41 and a 200-day simple moving average of $196.20.

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 $81.61 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. On average, equities analysts predict that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, June 4th. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA’s dividend payout ratio is presently 15.31%.

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 outstanding shares. This repurchase authorization allows the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Amazon supports demand outlook: Amazon raised its capital-expenditure forecast and downplayed competition between its custom AI chips and NVIDIA’s processors. The update reassured investors that hyperscaler spending remains a significant growth driver for NVIDIA. Nvidia Stock Rises. Thank Amazon.
Positive Sentiment: Additional large-scale chip demand: Chinese AI company Moonshot reportedly has an Alibaba computing agreement involving approximately 20,000 NVIDIA chips. Although the arrangement is indirect, it highlights continued demand for NVIDIA’s accelerators across AI platforms. Moonshot has Nvidia chip cluster from Alibaba computing deal
Positive Sentiment: Sector-wide investor support: Semiconductor ETFs attracted substantial new money as chip stocks rallied following strong technology earnings, providing a favorable backdrop for NVIDIA. Analysts also remain broadly bullish, with reported median price targets well above the current trading level and positive earnings-estimate revisions. Semiconductor ETFs Draw Cash This Week as Chip Stocks Rally
Neutral Sentiment: Upcoming earnings catalyst: NVIDIA will report fiscal second-quarter 2027 results on August 26. Investors will focus on revenue growth, forward guidance and whether hyperscaler AI spending is translating into sustained orders. The company’s latest reported quarter showed $81.6 billion in revenue, up 85% year over year, and earnings above consensus.
Negative Sentiment: Financing concerns remain: Investors continue to debate whether AI infrastructure expansion relies too heavily on leveraged or “circular” financing arrangements. Credit-market hedging activity and discussion of a potential financing backstop tied to an OpenAI data-center project could limit valuation expansion. NVIDIA Stock Is Still Up, But $250 Billion AI Risk Has Spooked The Debt Market
Negative Sentiment: Bearish positioning and selling: Investor Michael Burry reportedly expanded bearish bets against NVIDIA, while recent insider and institutional selling adds a secondary source of caution. These transactions do not necessarily indicate deteriorating fundamentals but may contribute to volatility.

About NVIDIA

(Free Report)

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.