Keystone Financial Services LLC Has $1.13 Million Stake in NVIDIA Corporation (NASDAQ:NVDA)

Keystone Financial Services LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 37.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,425 shares of the computer hardware maker's stock after buying an additional 2,827 shares during the quarter. NVIDIA comprises approximately 1.0% of Keystone Financial Services LLC's holdings, making the stock its 22nd biggest position. Keystone Financial Services LLC's holdings in NVIDIA were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NVDA. Libra Wealth LLC lifted its stake in NVIDIA by 0.7% in the 1st quarter. Libra Wealth LLC now owns 56,348 shares of the computer hardware maker's stock valued at $6,107,000 after purchasing an additional 385 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in shares of NVIDIA by 4.6% in the first quarter. Koshinski Asset Management Inc. now owns 120,570 shares of the computer hardware maker's stock valued at $13,067,000 after buying an additional 5,250 shares during the last quarter. J.Safra Asset Management Corp lifted its position in shares of NVIDIA by 9.2% in the first quarter. J.Safra Asset Management Corp now owns 49,246 shares of the computer hardware maker's stock valued at $5,337,000 after buying an additional 4,143 shares during the last quarter. Morton Brown Family Wealth LLC lifted its position in shares of NVIDIA by 17.6% in the first quarter. Morton Brown Family Wealth LLC now owns 3,870 shares of the computer hardware maker's stock valued at $419,000 after buying an additional 580 shares during the last quarter. Finally, G&S Capital LLC lifted its position in shares of NVIDIA by 19.9% in the first quarter. G&S Capital LLC now owns 29,607 shares of the computer hardware maker's stock valued at $3,209,000 after buying an additional 4,914 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on NVDA. Raymond James Financial raised their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Morgan Stanley reissued an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Needham & Company LLC increased their price objective on shares of NVIDIA from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Rosenblatt Securities increased their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-three have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.22.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,264,800 shares of company stock worth $786,735,503 in the last 90 days. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Up 1.9%

NASDAQ NVDA traded up $3.25 during trading hours on Monday, reaching $176.75. The company's stock had a trading volume of 139,407,827 shares, compared to its average volume of 155,064,304. The firm has a fifty day simple moving average of $151.77 and a 200-day simple moving average of $131.09. The stock has a market cap of $4.31 trillion, a P/E ratio of 57.02, a P/E/G ratio of 1.53 and a beta of 2.13. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $177.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. Equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.02%. NVIDIA's payout ratio is 1.29%.

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.