NVIDIA Corporation $NVDA Stock Position Decreased by Keyvantage Wealth LLC

Keyvantage Wealth LLC trimmed its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,734 shares of the computer hardware maker's stock after selling 1,987 shares during the period. NVIDIA accounts for about 1.2% of Keyvantage Wealth LLC's investment portfolio, making the stock its 21st largest position. Keyvantage Wealth LLC's holdings in NVIDIA were worth $2,464,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. one8zero8 LLC grew its holdings in NVIDIA by 1.5% in the 1st quarter. one8zero8 LLC now owns 26,871 shares of the computer hardware maker's stock valued at $2,912,000 after buying an additional 393 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in NVIDIA by 3.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,103,510 shares of the computer hardware maker's stock valued at $1,636,918,000 after buying an additional 498,510 shares in the last quarter. Cornerstone Advisory LLC boosted its stake in NVIDIA by 33.6% in the 1st quarter. Cornerstone Advisory LLC now owns 73,559 shares of the computer hardware maker's stock valued at $8,352,000 after buying an additional 18,485 shares in the last quarter. Spectrum Wealth Counsel LLC boosted its stake in NVIDIA by 0.7% in the 1st quarter. Spectrum Wealth Counsel LLC now owns 84,240 shares of the computer hardware maker's stock valued at $9,130,000 after buying an additional 619 shares in the last quarter. Finally, Kapitalo Investimentos Ltda raised its position in NVIDIA by 1,204.2% in the 1st quarter. Kapitalo Investimentos Ltda now owns 11,973 shares of the computer hardware maker's stock valued at $1,298,000 after purchasing an additional 11,055 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research report on Monday. UBS Group upped their price objective on NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, August 21st. DA Davidson increased their price target on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Robert W. Baird upped their price objective on NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Rosenblatt Securities upped their price objective on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $194.31.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,912,440 shares of company stock valued at $902,886,782. Insiders own 4.17% of the company's stock.

NVIDIA Trading Up 1.0%

Shares of NVDA opened at $179.81 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The firm has a market cap of $4.39 trillion, a price-to-earnings ratio of 58.00, a PEG ratio of 1.56 and a beta of 2.14. The business's fifty day moving average is $168.05 and its 200-day moving average is $137.81.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's revenue was up 69.2% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed 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. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is currently 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.

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