NVIDIA Corporation (NASDAQ:NVDA) Stock Position Boosted by Keystone Wealth Services LLC

Keystone Wealth Services LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,478 shares of the computer hardware maker's stock after buying an additional 2,653 shares during the period. NVIDIA accounts for 2.1% of Keystone Wealth Services LLC's holdings, making the stock its 9th largest holding. Keystone Wealth Services LLC's holdings in NVIDIA were worth $7,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. SC&H Financial Advisors Inc. increased its holdings in NVIDIA by 1.6% during the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock valued at $681,000 after buying an additional 80 shares during the last quarter. DecisionPoint Financial LLC grew its position in shares of NVIDIA by 2.9% during the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after acquiring an additional 80 shares during the period. BCR Wealth Strategies LLC increased its stake in shares of NVIDIA by 3.1% in the 4th quarter. BCR Wealth Strategies LLC now owns 2,919 shares of the computer hardware maker's stock worth $391,000 after purchasing an additional 89 shares in the last quarter. Condor Capital Management raised its holdings in NVIDIA by 3.6% in the 4th quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock worth $344,000 after purchasing an additional 89 shares during the period. Finally, Squire Investment Management Company LLC lifted its position in NVIDIA by 4.0% during the fourth quarter. Squire Investment Management Company LLC now owns 2,360 shares of the computer hardware maker's stock valued at $317,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,044,919 shares of company stock valued at $584,414,209. 4.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. Wedbush restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Needham & Company LLC reissued a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Loop Capital raised their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $176.19.

NVIDIA Trading Up 1.5%

Shares of NASDAQ:NVDA traded up $2.41 during trading on Thursday, hitting $159.66. The company had a trading volume of 74,310,144 shares, compared to its average volume of 267,687,954. The stock has a market cap of $3.90 trillion, a price-to-earnings ratio of 51.51, a price-to-earnings-growth ratio of 1.36 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a fifty day simple moving average of $134.36 and a two-hundred day simple moving average of $127.45. NVIDIA Corporation has a one year low of $86.62 and a one year high of $160.93.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.29%.

NVIDIA 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.