13,566 NVIDIA Corporation $NVDA Shares Purchased by Keebeck Wealth Management

Key Points

• Keebeck Wealth Management increased its NVIDIA stake by 11%, purchasing 13,566 shares to reach 136,521 shares valued at approximately $27.3 million. Institutional investors collectively own 65.27% of NVIDIA.
• NVIDIA insiders sold approximately 1.77 million shares worth $399.5 million during the latest quarter, including major sales by Director Mark Stevens and EVP Timothy Teter.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $321.89 price target. NVIDIA also reported better-than-expected quarterly earnings and authorized a $150 billion share-repurchase program.

Keebeck Wealth Management lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 136,521 shares of the computer hardware maker's stock after purchasing an additional 13,566 shares during the period. NVIDIA accounts for about 2.7% of Keebeck Wealth Management's investment portfolio, making the stock its 5th biggest position. Keebeck Wealth Management's holdings in NVIDIA were worth $27,317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Thoroughbred Financial Services LLC raised its stake in NVIDIA by 0.8% in the second quarter. Thoroughbred Financial Services LLC now owns 515,426 shares of the computer hardware maker's stock worth $103,131,000 after buying an additional 4,117 shares in the last quarter. Blue Capital Inc. boosted its position in NVIDIA by 6.3% during the 2nd quarter. Blue Capital Inc. now owns 11,615 shares of the computer hardware maker's stock valued at $2,324,000 after acquiring an additional 689 shares in the last quarter. Keating Financial Advisory Services Inc. boosted its position in NVIDIA by 2.1% during the 2nd quarter. Keating Financial Advisory Services Inc. now owns 159,579 shares of the computer hardware maker's stock valued at $31,930,000 after acquiring an additional 3,300 shares in the last quarter. Alaska Wealth Advisors LLC increased its holdings in shares of NVIDIA by 21.5% in the 2nd quarter. Alaska Wealth Advisors LLC now owns 12,603 shares of the computer hardware maker's stock valued at $2,522,000 after acquiring an additional 2,226 shares during the period. Finally, Beckerman Institutional LLC purchased a new position in shares of NVIDIA in the 2nd quarter valued at $1,503,000. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 622,239 shares of the firm's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the transaction, the director owned 2,336,531 shares in the company, valued at $541,187,310.22. This trade represents a 21.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the sale, the executive vice president directly owned 2,687,660 shares of the company's stock, valued at approximately $598,810,648. This represents a 1.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,766,118 shares of company stock valued at $399,450,353. Insiders own 3.94% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective on NVIDIA from $300.00 to $330.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Raymond James Financial set a $515.00 target price on NVIDIA and gave the company a "strong-buy" rating in a research note on Thursday, August 27th. Itau BBA Securities reduced their target price on shares of NVIDIA from $256.00 to $218.00 in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of NVIDIA in a research report on Monday, August 31st. Finally, Evercore set a $465.00 price target on shares of NVIDIA and gave the company an "outperform" rating in a report on Thursday, August 27th. Four equities research analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, NVIDIA has a consensus rating of "Buy" and a consensus target price of $321.89.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $238.90 on Tuesday. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $240.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. The company has a market cap of $5.76 trillion, a PE ratio of 30.20, a P/E/G ratio of 1.81 and a beta of 2.22. The business has a 50-day simple moving average of $219.59 and a two-hundred day simple moving average of $208.05.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. NVIDIA's revenue was up 105.9% on a year-over-year basis. During the same period last year, the firm posted $1.05 EPS. As a group, equities analysts expect that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Monday, September 28th that permits the company to repurchase $150.00 billion in shares. This repurchase authorization permits the computer hardware maker to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. NVIDIA's dividend payout ratio (DPR) is currently 12.64%.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Strong supplier data reinforced AI demand. Foxconn reported its strongest-ever monthly revenue, helped by accelerating demand for AI servers that use NVIDIA systems. The report gave investors a near-term signal that hyperscaler and data-center spending remains robust. Why is Nvidia stock rising today?
• Positive Sentiment: Large Rubin GPU orders highlighted future growth. AM Intelligence announced firm orders for 20,000 NVIDIA Rubin GPUs for AI factories in India and Malaysia, supporting expectations for continued demand as customers expand beyond current-generation systems. AM Intelligence Expands NVIDIA Vera Rubin AI Factory Buildout
• Positive Sentiment: Analysts and technical signals remained bullish. Coverage pointed to NVIDIA’s central role in frontier AI, robotics and physical AI, while some analysts argued that its forward valuation remains reasonable relative to projected earnings growth. NVIDIA also led IBD’s list of top-performing stocks. The case for Nvidia's stock to march even higher
• Positive Sentiment: Capital-return and ecosystem catalysts added support. NVIDIA’s total share-buyback authorization was reported at $235 billion, and investments in AI startups such as Reflection AI could strengthen its software and developer ecosystem. AI stocks announce major buybacks

NVIDIA Company Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company's products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.