Keystone Wealth Services LLC Cuts Position in NVIDIA Corporation $NVDA

Key Points

• Keystone Wealth Services LLC reduced its position in NVIDIA Corporation by 2.7% in Q2, holding 68,598 shares valued at approximately $10.8 million, which represents 2.6% of their portfolio.
• NVIDIA's latest earnings report showed an EPS of $1.05, surpassing expectations, with revenue reaching $46.74 billion, up 55.6% year-over-year.
• The company recently announced a quarterly dividend of $0.01 per share, signaling a payout ratio of 1.14% despite a modest annualized dividend of $0.04.

Keystone Wealth Services LLC decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 68,598 shares of the computer hardware maker's stock after selling 1,880 shares during the period. NVIDIA comprises 2.6% of Keystone Wealth Services LLC's portfolio, making the stock its 6th biggest position. Keystone Wealth Services LLC's holdings in NVIDIA were worth $10,838,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Copia Wealth Management bought a new stake in NVIDIA during the fourth quarter worth about $50,000. Kathleen S. Wright Associates Inc. raised its stake in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC raised its stake in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. raised its stake in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In related news, Director Stephen C. Neal sold 28,000 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $177.58, for a total transaction of $4,972,240.00. Following the sale, the director owned 143,410 shares in the company, valued at $25,466,747.80. The trade was a 16.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 297,797 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the sale, the director owned 7,749,803 shares in the company, valued at $1,380,937,396.57. This represents a 3.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,109,874 shares of company stock worth $698,280,697 over the last three months. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

NVIDIA stock opened at $183.61 on Tuesday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.55. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The business's 50-day moving average price is $176.12 and its two-hundred day moving average price is $144.35. The stock has a market cap of $4.46 trillion, a PE ratio of 52.31, a P/E/G ratio of 1.28 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's payout ratio is presently 1.14%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NVDA shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Rosenblatt Securities increased their price objective on shares of NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Daiwa Capital Markets increased their price objective on shares of NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research report on Wednesday, September 17th. Oppenheimer reissued an "outperform" rating and issued a $225.00 price target (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Finally, TD Cowen increased their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $208.47.

About NVIDIA

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.

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