Wesbanco Bank Inc. Raises Position in NVIDIA Corporation $NVDA

Wesbanco Bank Inc. increased its position in NVIDIA Corporation (NASDAQ:NVDA) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 499,357 shares of the computer hardware maker’s stock after buying an additional 26,545 shares during the period. NVIDIA accounts for about 2.4% of Wesbanco Bank Inc.’s investment portfolio, making the stock its 7th biggest position. Wesbanco Bank Inc.’s holdings in NVIDIA were worth $87,088,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after acquiring an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after purchasing an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE raised its stake in NVIDIA by 6.7% during the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC lifted its position in NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. lifted its position in NVIDIA by 15.7% during the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after purchasing an additional 896 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction that occurred 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 owned 14,163 shares of the company’s stock, valued at approximately $3,030,882. The trade was a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the sale, the director owned 116,135 shares of the company’s stock, valued at $25,053,803.55. The trade was a 11.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,901,125 shares of company stock worth $410,583,015 in the last three months. Corporate insiders own 3.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NVDA. William Blair restated an “outperform” rating on shares of NVIDIA in a report on Tuesday, June 2nd. Daiwa Securities Group increased their price target on shares of NVIDIA from $215.00 to $255.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Citigroup initiated coverage on NVIDIA in a research report on Wednesday, April 15th. They issued a “buy” rating for the company. JPMorgan Chase & Co. upped their price objective on NVIDIA from $265.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen raised NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, NVIDIA currently has an average rating of “Buy” and an average target price of $303.84.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA unveiled a new revenue-sharing model that lets fast-growing AI startups access compute power in exchange for a slice of future profits, which could expand NVDA’s customer base and create a new recurring monetization stream. Article Title
• Positive Sentiment: Multiple pieces highlighted fresh AI partnerships and infrastructure wins, including NVIDIA’s role in sovereign AI efforts with Palantir, AI-RAN validation with Amdocs, Supermicro and 1Finity, and a new data center collaboration with Valar Atomics, reinforcing demand for NVDA’s AI hardware and software ecosystem. Article Title
• Positive Sentiment: Analyst commentary remained broadly supportive, with reports citing “buy the dip” interest, consensus Buy ratings, and bullish price targets that suggest investors still see upside despite the recent pullback. Article Title
• Neutral Sentiment: Coverage also focused on NVIDIA’s growing exposure to robotics, edge AI, and blackwell infrastructure deals, which supports the long-term growth story but is unlikely to move the stock sharply on its own in the near term. Article Title
• Negative Sentiment: Several articles pointed to continued weakness, with NVDA extending its recent pullback as investors took profits from semiconductors, while technical commentary warned the stock could remain range-bound or even retest lower levels near $165. Article Title
• Negative Sentiment: Bearish takes from high-profile investors and commentators, including Michael Burry’s renewed short thesis on AI chips and concerns about valuation/digestion risk, added to the pressure on sentiment around NVIDIA shares. Article Title

NVIDIA Stock Down 1.4%

NASDAQ:NVDA opened at $194.83 on Friday. NVIDIA Corporation has a twelve month low of $157.34 and a twelve month high of $236.54. The company has a market cap of $4.71 trillion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 0.44 and a beta of 2.21. The stock has a fifty day simple moving average of $210.37 and a 200-day simple moving average of $193.50. 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 (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The firm had revenue of $81.61 billion during the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business’s revenue was up 85.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 earnings per share. Analysts anticipate that NVIDIA Corporation will post 8.69 EPS for the current year.

NVIDIA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were given a $0.25 dividend. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA’s dividend payout ratio is presently 15.31%.

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

NVIDIA Company 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.