O Keefe Stevens Advisory Inc. Cuts Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• O Keefe Stevens Advisory Inc. reduced its stake in NVIDIA Corporation by 0.5%, holding 483,836 shares worth approximately $76.44 million, making it the advisory's largest investment.
• NVIDIA reported Q2 earnings of $1.05 EPS, surpassing analysts' expectations, with revenue of $46.74 billion, a 55.6% increase compared to the previous year.
• Insider sales included CEO Jen Hsun Huang selling 75,000 shares at an average price of $183.38, resulting in a total value of approximately $13.75 million.

O Keefe Stevens Advisory Inc. lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 483,836 shares of the computer hardware maker's stock after selling 2,310 shares during the period. NVIDIA accounts for about 21.5% of O Keefe Stevens Advisory Inc.'s holdings, making the stock its biggest position. O Keefe Stevens Advisory Inc.'s holdings in NVIDIA were worth $76,441,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kathleen S. Wright Associates Inc. increased its position in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA in the first quarter worth $51,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the second quarter worth $55,000. Campbell Capital Management Inc. boosted its holdings in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares during the period. Finally, Luken Investment Analytics LLC boosted its holdings in shares of NVIDIA by 107.0% in the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock worth $67,000 after acquiring an additional 321 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVDA stock opened at $180.28 on Thursday. The firm's 50 day moving average price is $179.34 and its 200-day moving average price is $154.61. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62. The firm has a market cap of $4.38 trillion, a P/E ratio of 51.36, a P/E/G ratio of 1.31 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the prior year, the business posted $0.68 EPS. The business's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio is 1.14%.

Analysts Set New Price Targets

Several research firms recently issued reports on NVDA. Wolfe Research lifted their price objective on NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. UBS Group set a $320.00 price target on NVIDIA in a report on Wednesday, October 15th. Citigroup reaffirmed a "buy" rating and set a $210.00 price objective (up from $200.00) on shares of NVIDIA in a research report on Tuesday, September 30th. HSBC set a $320.00 price objective on NVIDIA and gave the company a "buy" rating in a research report on Wednesday, October 15th. Finally, KeyCorp reissued an "overweight" rating and issued a $250.00 price target (up from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Buy" and a consensus target price of $222.23.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the sale, the chief executive officer directly owned 70,108,203 shares in the company, valued at $12,856,442,266.14. This represents a 0.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 3,753,937 shares of company stock worth $669,548,776. 4.17% of the stock is owned by corporate insiders.

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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