NVIDIA Corporation $NVDA Stake Lowered by Keybank National Association OH

Key Points

• Keybank National Association OH trimmed its NVIDIA stake by 1.0% in the first quarter, but it still held 5.28 million shares worth about $920.6 million, making NVDA its fifth-largest position.
• NVIDIA continues to have strong institutional and analyst support, with institutions owning 65.27% of the stock and Wall Street consensus remaining a Buy with an average price target of $303.84.
• The company reported another strong quarter, with EPS of $1.87 and revenue of $81.61 billion, plus a major capital return move: a higher quarterly dividend and an $80 billion share repurchase authorization.

Keybank National Association OH cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,278,699 shares of the computer hardware maker's stock after selling 52,944 shares during the quarter. NVIDIA comprises approximately 3.4% of Keybank National Association OH's portfolio, making the stock its 5th biggest position. Keybank National Association OH's holdings in NVIDIA were worth $920,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NVDA. Norges Bank bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $62,244,133,000. J. Stern & Co. LLP lifted its position in NVIDIA by 13,709.1% in the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock valued at $23,454,297,000 after acquiring an additional 124,849,603 shares in the last quarter. Cardano Risk Management B.V. lifted its position in NVIDIA by 896.4% in the 4th quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker's stock valued at $14,570,119,000 after acquiring an additional 70,283,539 shares in the last quarter. Capital Research Global Investors boosted its stake in NVIDIA by 16.1% during the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock valued at $30,855,564,000 after purchasing an additional 22,896,705 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its stake in NVIDIA by 15,496.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker's stock valued at $3,454,534,000 after purchasing an additional 21,725,326 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Truist Financial lifted their price objective on NVIDIA from $287.00 to $307.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Wall Street Zen downgraded shares of NVIDIA from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 4th. HSBC reiterated a "buy" rating and issued a $325.00 price target (up from $295.00) on shares of NVIDIA in a research note on Tuesday, May 19th. Rosenblatt Securities reissued a "buy" rating and set a $325.00 price objective on shares of NVIDIA in a report on Thursday, May 21st. Finally, Daiwa Securities Group increased their price objective on shares of NVIDIA from $215.00 to $255.00 and gave the company an "outperform" rating in a research report on Friday, May 22nd. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Buy" and an average target price of $303.84.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded up $8.18 during midday trading on Friday, hitting $210.96. 148,048,515 shares of the company's stock traded hands, compared to its average volume of 131,546,280. The firm has a fifty day moving average of $209.48 and a 200 day moving average of $194.42. NVIDIA Corporation has a 1 year low of $162.02 and a 1 year high of $236.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The stock has a market capitalization of $5.11 trillion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 0.46 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company had revenue of $81.61 billion during the quarter, compared to analyst estimates of $78.42 billion. During the same period in the previous year, the business posted $0.81 earnings per share. The firm's quarterly revenue was up 85.2% compared to the same quarter last year. On average, analysts forecast that NVIDIA Corporation will post 8.8 earnings per share for the current year.

NVIDIA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were issued a dividend of $0.25 per share. This is a boost from NVIDIA's previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 4th. NVIDIA's dividend payout ratio is presently 15.31%.

NVIDIA declared that its board has authorized a share repurchase plan on Wednesday, May 20th that permits the company to buyback $80.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analysts and commentators said NVDA’s lower valuation and dominant position in AI spending could make recent weakness a buying opportunity, with Bank of America and others highlighting strong long-term upside.
• Positive Sentiment: Reuters reported that Nvidia supplier King Yuan Electronics plans to invest up to $1.4 billion in a U.S. facility, reinforcing the scale of the AI hardware supply chain and ongoing buildout around NVIDIA. Article Title
• Positive Sentiment: NVIDIA also announced a partnership with Fervo to launch an EGS-Twin geothermal platform, adding another AI-related ecosystem collaboration that investors may view as supportive of future growth. Article Title
• Positive Sentiment: Coverage around Nvidia’s strong Q1 results and the company’s upbeat revenue guidance near $91 billion for the next quarter continues to underline that AI demand is still running hot.
• Neutral Sentiment: Media and trading activity around NVDA remains elevated, including options-flow commentary, “most watched” stock chatter, and repeated articles on its AI leadership, which can keep the shares volatile but do not change fundamentals on their own.
• Negative Sentiment: Some reports noted pressure from customers and competitors building in-house AI chips, and there was also discussion of a possible delay to NVIDIA’s next-gen Kyber rack-scale architecture, both of which could raise investor concerns about future margins and timing.

Insiders Place Their Bets

In related news, Director John Dabiri sold 625 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total value of $133,750.00. Following the completion of the sale, the director directly owned 14,163 shares of the company's stock, valued at approximately $3,030,882. This represents a 4.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the transaction, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. This represents a 11.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,901,125 shares of company stock worth $410,583,015 over the last quarter. 3.94% of the stock is currently owned by corporate insiders.

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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