NVIDIA Corporation $NVDA Holdings Cut by O Keefe Stevens Advisory Inc.

Key Points

• O Keefe Stevens Advisory cut its NVIDIA stake by 2.4%, selling 8,515 shares and retaining 352,864 shares worth approximately $80.6 million. NVIDIA remains the firm’s largest holding and represents 16.9% of its portfolio.
• Analyst sentiment remains strongly bullish: NVIDIA has a consensus “Buy” rating and a $321.47 average price target, while recent targets were raised by Citigroup, Truist Financial and HSBC.
• NVIDIA reported quarterly revenue of $96.22 billion, up 105.9% year over year, and exceeded earnings expectations. The company also authorized a $150 billion share-repurchase program, although shares recently traded down 4.2% and insiders sold substantial holdings.

O Keefe Stevens Advisory Inc. trimmed its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 352,864 shares of the computer hardware maker's stock after selling 8,515 shares during the quarter. NVIDIA accounts for 16.9% of O Keefe Stevens Advisory Inc.'s portfolio, making the stock its biggest holding. O Keefe Stevens Advisory Inc.'s holdings in NVIDIA were worth $80,587,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Montgomery Financial Services LLC bought a new stake in shares of NVIDIA during the second quarter valued at approximately $28,000. Langley Wealth Management LLC bought a new position in NVIDIA in the 2nd quarter valued at approximately $34,000. Phillip James Consulting Co. bought a new position in NVIDIA in the 1st quarter valued at approximately $40,000. Bard Associates Inc. lifted its position in NVIDIA by 8,866.7% in the 2nd quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker's stock valued at $54,000 after acquiring an additional 266 shares in the last quarter. Finally, Frankly Finances LLC purchased a new stake in NVIDIA during the 2nd quarter valued at $60,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on NVDA. Citigroup reissued a "buy" rating and issued a $315.00 target price (up from $300.00) on shares of NVIDIA in a report on Thursday, August 27th. Raymond James Financial set a $515.00 price objective on NVIDIA and gave the stock a "strong-buy" rating in a report on Thursday, August 27th. Truist Financial boosted their target price on NVIDIA from $307.00 to $346.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. BMO Capital Markets set a $340.00 target price on shares of NVIDIA and gave the company an "outperform" rating in a research note on Thursday, August 20th. Finally, HSBC upped their target price on shares of NVIDIA from $360.00 to $365.00 in a research note on Thursday, August 27th. Five analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Buy" and a consensus target price of $321.47.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
• Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
• Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

NVIDIA Trading Down 4.2%

Shares of NVDA stock opened at $204.64 on Friday. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $243.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. The company has a market cap of $4.93 trillion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.57 and a beta of 2.22. The firm has a fifty day moving average price of $221.74 and a 200-day moving average price of $204.24.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The business had revenue of $96.22 billion for the quarter, compared to analysts' expectations of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The business's quarterly revenue was up 105.9% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share. As a group, equities analysts predict that NVIDIA Corporation will post 9.30 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA's dividend payout ratio (DPR) is 12.64%.

NVIDIA declared that its Board of Directors has initiated a stock buyback program on Monday, September 28th that allows the company to buy back $150 billion in shares. This buyback authorization allows the computer hardware maker to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 622,239 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the sale, the director directly owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. This represents a 21.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 34,918 shares of the company's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the transaction, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. This trade represents a 4.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In 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.

NVIDIA Profile

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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