Keystone Financial Group Inc. Purchases 1,421 Shares of NVIDIA Corporation $NVDA

Keystone Financial Group Inc. grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 63.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,666 shares of the computer hardware maker's stock after acquiring an additional 1,421 shares during the quarter. Keystone Financial Group Inc.'s holdings in NVIDIA were worth $632,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC raised its holdings in NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after buying an additional 382,231,120 shares during the period. Nuveen LLC purchased a new stake in NVIDIA during the 1st quarter valued at $15,089,414,000. Goldman Sachs Group Inc. raised its holdings in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after buying an additional 103,889,872 shares during the period. Assenagon Asset Management S.A. raised its holdings in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after buying an additional 23,948,733 shares during the period. Finally, Amundi raised its holdings in NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock valued at $13,826,199,000 after buying an additional 18,733,431 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the sale, the chief executive officer owned 70,108,203 shares of the company's stock, valued at $12,856,442,266.14. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 3,828,937 shares of company stock worth $682,264,276 over the last 90 days. 4.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Craig Hallum increased their price target on NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, August 28th. DA Davidson upgraded NVIDIA from a "neutral" rating to a "buy" rating and increased their price target for the company from $195.00 to $210.00 in a report on Thursday, September 11th. Robert W. Baird increased their target price on NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday, August 25th. New Street Research increased their target price on NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, Wedbush reiterated an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $222.23.

NVIDIA Price Performance

NVDA opened at $182.64 on Tuesday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The business's fifty day simple moving average is $179.41 and its 200-day simple moving average is $154.25. The company has a market capitalization of $4.44 trillion, a price-to-earnings ratio of 52.03, a PEG ratio of 1.32 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the company earned $0.68 earnings per share. The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.