Principal Financial Group Inc. Raises Stock Position in NVIDIA Corporation $NVDA

Principal Financial Group Inc. lifted its position in NVIDIA Corporation (NASDAQ:NVDA) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 38,551,197 shares of the computer hardware maker’s stock after purchasing an additional 1,251,321 shares during the period. NVIDIA comprises approximately 3.7% of Principal Financial Group Inc.’s portfolio, making the stock its biggest holding. Principal Financial Group Inc.’s holdings in NVIDIA were worth $7,189,801,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Fulcrum Wealth Advisors LLC bought a new position in shares of NVIDIA in the fourth quarter worth approximately $6,590,000. Allegheny Financial Group grew its holdings in shares of NVIDIA by 7.0% in the fourth quarter. Allegheny Financial Group now owns 12,721 shares of the computer hardware maker’s stock worth $2,373,000 after purchasing an additional 829 shares during the last quarter. QRG Capital Management Inc. lifted its stake in NVIDIA by 5.3% in the fourth quarter. QRG Capital Management Inc. now owns 3,314,091 shares of the computer hardware maker’s stock worth $618,078,000 after acquiring an additional 167,849 shares during the period. Hidden Cove Wealth Management LLC lifted its stake in NVIDIA by 6.4% in the fourth quarter. Hidden Cove Wealth Management LLC now owns 25,871 shares of the computer hardware maker’s stock worth $4,825,000 after acquiring an additional 1,545 shares during the period. Finally, Ascent Wealth Partners LLC lifted its stake in NVIDIA by 0.4% in the fourth quarter. Ascent Wealth Partners LLC now owns 63,050 shares of the computer hardware maker’s stock worth $11,759,000 after acquiring an additional 270 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research analyst reports. Stifel Nicolaus set a $282.00 price target on NVIDIA and gave the stock a “buy” rating in a research note on Thursday, May 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $315.00 price target (up from $265.00) on shares of NVIDIA in a research note on Tuesday, May 12th. BTIG Research initiated coverage on NVIDIA in a research note on Wednesday, April 15th. They issued a “buy” rating for the company. Fundamental Research set a $218.00 price target on NVIDIA in a research note on Thursday, February 26th. Finally, Tigress Financial reaffirmed a “strong-buy” rating and issued a $425.00 price target (up from $360.00) on shares of NVIDIA in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $305.38.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Wall Street analysts remain constructive after earnings, with Truist raising its price target to $307 and Tigress Financial lifting its target to $425, citing NVIDIA’s dominant position in AI hardware and strong growth outlook.
• Positive Sentiment: Management’s Taiwan expansion plan is reinforcing the long-term AI demand story. NVIDIA said it plans to spend about $150 billion a year in Taiwan and build a new headquarters there, underscoring confidence in the supply chain and future production capacity.
• Positive Sentiment: Recent commentary continues to frame NVIDIA as a key beneficiary of the AI infrastructure buildout, with articles pointing to ongoing shortages in memory, networking, and power as evidence that demand for NVIDIA’s Blackwell systems remains very strong.
• Neutral Sentiment: Several articles highlight Jensen Huang’s growing influence and visibility, including reports that he may join the advisory board of Tsinghua University and that he is now among the world’s richest people. These are notable but not direct stock catalysts.
• Neutral Sentiment: A number of pieces focus on broader AI ecosystem developments, including Groq’s fundraising, IREN’s Blackwell purchase, and other semiconductor names benefiting from the AI trade. These reinforce sector momentum but are mostly indirect for NVDA.
• Negative Sentiment: Some investors are worried NVIDIA’s valuation has become stretched and that the AI trade may be crowded, with bearish commentary warning that a lot of good news may already be priced in.
• Negative Sentiment: There are also geopolitical and regulatory concerns, including reports of possible NVIDIA chip smuggling to China via Japan, which could revive scrutiny around export controls and China exposure.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 3,004 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $184.90, for a total transaction of $555,439.60. Following the completion of the transaction, the director owned 14,788 shares of the company’s stock, valued at approximately $2,734,301.20. This trade represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 221,682 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $173.68, for a total value of $38,501,729.76. Following the transaction, the director directly owned 7,399,771 shares of the company’s stock, valued at $1,285,192,227.28. This represents a 2.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 906,336 shares of company stock valued at $162,802,518. Company insiders own 3.94% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $214.25 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. The firm has a market capitalization of $5.18 trillion, a P/E ratio of 32.81, a P/E/G ratio of 0.51 and a beta of 2.25. The business has a fifty day simple moving average of $198.67 and a two-hundred day simple moving average of $189.55. NVIDIA Corporation has a 12 month low of $132.92 and a 12 month high of $236.54.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating the consensus estimate of $1.76 by $0.11. The business had revenue of $81.62 billion during 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%.The company’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 earnings per share. On average, equities analysts forecast that NVIDIA Corporation will post 8.04 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.25 per share. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 4th. NVIDIA’s payout ratio is 0.61%.

NVIDIA declared that its Board of Directors has initiated a share buyback program on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

NVIDIA 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.