NVIDIA Corporation $NVDA Stock Holdings Lessened by Keybank National Association OH

Key Points

• Keybank National Association OH trimmed its NVIDIA stake by 1.7% in the fourth quarter, selling 91,817 shares. It still held 5.33 million shares valued at about $994.4 million, making NVDA its fourth-largest holding.
• NVIDIA reported a record quarter with EPS of $1.87, beating estimates, and revenue of $81.62 billion, up 85.2% from a year earlier. The company also posted record data center sales and gave strong guidance.
• Management signaled confidence by raising the quarterly dividend from $0.01 to $0.25 and approving an $80 billion stock buyback. Meanwhile, analysts remain broadly bullish, with multiple price target hikes and a consensus rating of “Buy.”

Keybank National Association OH reduced its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,331,643 shares of the computer hardware maker's stock after selling 91,817 shares during the quarter. NVIDIA comprises approximately 3.6% of Keybank National Association OH's portfolio, making the stock its 4th biggest holding. Keybank National Association OH's holdings in NVIDIA were worth $994,352,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in NVIDIA by 1.0% during the second quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock worth $154,556,803,000 after buying an additional 9,554,857 shares during the period. Geode Capital Management LLC lifted its position in NVIDIA by 1.5% during the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock worth $91,150,170,000 after buying an additional 8,521,936 shares during the period. Norges Bank purchased a new position in NVIDIA during the second quarter worth about $51,386,863,000. Legal & General Group Plc lifted its position in NVIDIA by 1.5% during the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock worth $33,808,862,000 after buying an additional 2,609,560 shares during the period. Finally, Capital Research Global Investors lifted its position in NVIDIA by 16.1% during the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock worth $30,855,564,000 after buying an additional 22,896,705 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Susquehanna restated a "positive" rating and set a $275.00 price target (up from $250.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Daiwa Securities Group upped their price target on NVIDIA from $215.00 to $255.00 and gave the stock an "outperform" rating in a research note on Friday. UBS Group upped their price target on NVIDIA from $275.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday. Citic Securities upped their price target on NVIDIA from $242.00 to $315.00 and gave the stock a "buy" rating in a research note on Friday. Finally, BTIG Research assumed coverage on NVIDIA in a research note on Wednesday, April 15th. They set a "buy" rating for the company. Four analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Buy" and an average target price of $303.27.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA delivered a record quarter with massive revenue growth, strong guidance, and record data center sales. The Tech Download: What you might have missed in Nvidia's earnings — a $200 billion opportunity and edge computing
• Positive Sentiment: The company raised its dividend sharply and approved an $80 billion buyback, signaling confidence in future cash generation. Nvidia Just Raised Its Dividend By 2,400% -- and That Wasn't Even the Biggest News From Its Earnings Report
• Positive Sentiment: Wall Street remains broadly bullish, with multiple analysts raising price targets after earnings. Nvidia stock continues to struggle after earnings, but analysts remain firmly bullish
• Neutral Sentiment: Despite the strong report, the market seems to be digesting the results rather than rewarding them, suggesting investors may think the bar was already very high. Nvidia Stock Misses Out on Friday's Rally. Here's How Much Traders See It Moving Next Week
• Negative Sentiment: Some investors remain worried about valuation, competition, and the possibility that AI spending growth could slow from current extreme levels. Why Nvidia Stock Is Barely Moving After Earnings Crushed Expectations

NVIDIA Price Performance

NVDA stock opened at $215.33 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.24 and a current ratio of 3.44. NVIDIA Corporation has a 1 year low of $129.16 and a 1 year high of $236.54. The firm has a market cap of $5.21 trillion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 0.68 and a beta of 2.25. The stock has a 50-day simple moving average of $196.10 and a 200-day simple moving average of $189.06.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business had revenue of $81.62 billion during the quarter, compared to analyst estimates of $78.42 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The company's revenue for the quarter was up 85.2% compared to the same quarter last year. On average, equities analysts predict that NVIDIA Corporation will post 7.88 earnings per share for the current fiscal year.

NVIDIA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.25 per share. This is a boost from NVIDIA's previous quarterly dividend of $0.01. The ex-dividend date is Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA's payout ratio is 0.82%.

NVIDIA declared that its Board of Directors has approved a stock repurchase program on Wednesday, May 20th that permits the company to repurchase $80.00 billion in shares. This repurchase authorization permits the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

Insider Activity

In other NVIDIA news, EVP Ajay K. Puri sold 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $182.25, for a total transaction of $54,675,000.00. Following the completion of the sale, the executive vice president owned 3,018,547 shares in the company, valued at $550,130,190.75. This trade represents a 9.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 221,682 shares of the firm's stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $173.68, for a total value of $38,501,729.76. Following the sale, the director owned 7,399,771 shares of the company's stock, valued at approximately $1,285,192,227.28. This trade represents a 2.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 906,336 shares of company stock worth $162,802,518 over the last quarter. Corporate insiders own 4.17% of the company's stock.

NVIDIA Profile

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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