Track market-moving stories before they get noisy

THORChain has a fascinating history. It has processed an awful lot of ex-hack and ex-theft money over the years. The project lied about being decentralized for years. The leader could not appear more suspicious if he tried.

So when Bitget asked THORChain to block some addresses following an attack on Bitget and THORChain refused on technical grounds THORChain was not breaking new ground. What followed was an incredible interview with a so-called "expert" packed wall-to-wall with errors. And some technical commentary that made far more nuanced, less damning and far harder to adjudicate points. This measured commentary was also far less consequential in that the claims were not of any sort of grand illegality. They sat in stark contrast to the high profile interview riddled with problems. And most of the public chatter here is either unreasonably negative on THORChain but short on accuracy, or unreasonably positive on THORChain and also short on accuracy.

We are going to try to untangle this mess. The real story, in our view, has three essential plot points. First up: yes, THORChain was completely centralized and the team lied about this for years. Almost surely crimes were committed, even if only of the generic "unlicensed money transmission" flavour that nobody seems to care about anymore. We will sketch this a little bit below but, really, this is old news and not relevant to current activities. The team put themselves in a bad spot by lying for years.

Second: THORChain is not run by the best imaginable group of software engineers and their procedures and such look a bit sloppy. They also have a long history of security problems and some of the way they deal with their own shortcomings – they absolutely have a solid history of building defective software! – is less than ideal. This is a problem across web3 and in our view the THORChain team are no less competent than their self-described "expert" critics.

And third: the attacks on THORChain's current operation are mostly borne of ignorance, built atop falsehoods and misrepresentations, and fail to recognize that applying the same standards to other projects is to call many many large services outlaw. As we will see, if THORChain's current setup is outlaw then surely a large number of other large projects are too.

So here is a story of people that live in glass houses and seem to want to start a stone-throwing fight.

HistoryFor years THORChain had central admin keys that held pretty much arbitrary control over the platform. We published a relatively detailed technical piece in September 2024 working through much of this. To us this was old news at that time. Many of the code changes linked in that piece date to 2020 and 2021. All of that code was, and remains, public. The team lied in English about decentralization but the code was always out there.

We were not the only people to know about this of course. But it does look like nobody else ever bothered to publish an explanation that a half-technical person could actually follow.

Then in February 2025, shortly before the ByBit hack, THORChain announced it was removing these admin controls. That was an admission of sorts that they had always existed and that many accusations the platform was not decentralized were in fact correct.

Reasonable people can disagree over how long following this change it took for the admin controls to properly disappear. The THORChain network runs in epochs with governance processes that extend far longer than a single block. So this is not exactly like a Bitcoin change. And it is not even like a change to Ethereum staking or finality where 10s or 100s of blocks across minutes to maybe hours are sufficient to be sure the change has fully cleared. But this was initiated in February 2025 and was certainly well finished long before, many months before, 2026 began.

So none of the technical features of THORChain's centralized admin were relevant in September 2026. Claiming these things – which absolutely did exist for years – are relevant in a technical discussion of Bitget's request to THORChain is to admit you do not know what you are talking about. Do these prior bad acts maybe help establish a pattern of dishonesty? Sure. And it is reasonable to question if the team is lying now because the team was lying back then. But it is wrong to take proof of past lies as proof current statements are also untrue.

Current SetupTHORChain as of now is an odd system. It is sometimes accused of being a mixer. But it is not a mixer. It does not do a good job at obfuscating flows. Yes the recordkeeping is a bit messy and things could be more accessible. But all the transactions are visible and nothing like a mixer sits in the mix.

What THORChain actually provides is distance, not obfuscation. THORChain is effective for money laundering for two reasons. First, it allows transactions directly to Bitcoin where flows can then be mixed fairly easily. And second, large exchanges accept deposits from THORChain as clean in ways which frankly baffle us.

We discussed this in the New York Times in November 2025. A huge amount of ETH from the ByBit hack poured straight into THORChain. The hackers swapped to BTC and whoever they were trading with kept depositing those ETH to Binance. Presumably the hackers' trading counterparty was swapping those ETH back to BTC to reload THORChain. And round and round it went. It was easy to see this in real-time.

Binance accepted the ETH deposits from THORChain because...yeah we do not know why. As we told the New York Times "Even a bad — maybe even defective — screening tool would spot" that these were hack proceeds. But THORChain is a "legit" service and web3 does not have a problem with fund provenance from services with bad reputations so long as they are not actually mixers. Or at least that was the case in early 2025. Is it still true? We do not know. THORChain still is not a mixer but maybe some services will stop accepting inflows from there. Who knows.

Anyway, as of now THORChain is as decentralized as many other services. We will go through a bit of that shortly. But first it is worth looking at a few of the technical claims about the current setup that have been made to explore how false they are.

The Confused "Expert"First, we have an "expert" claiming THORChain is a closed-source permissioned project based on this chat excerpt:

https://x.com/tayvano_/status/2105515560935239710Important context here is that Dinosauruss is asserted to be an attacker that eventually joined THORChain as a node operator and successfully attacked the protocol. The chat transcript shows someone struggling to successfully join the network and asking for help on a Discord channel. This was interpreted as follows:

he was unable to churn in actually 😂 😂he tried for weeks and then he had to.......join the discordthats how you have his discord handle and id and know its himhe had to go into discord and share his addresses and info and beg to be let into the super secret room to get the real client codelmao lol hahahahhahahahaWe will take this line-by-line because it is important. The processing of "churn in" is how THORChain rotates node operators. Then we find a claim it took weeks to get the software working so they could churn in. And that they joined some Discord chats to ask for help and in fact some some help.

Finally, the claim is that this user was unable to join the network until they were allowed into a "super secret room" to get "the real client code."

If true that would be a problem. If you can only join a network by getting access to secret source code then it is not an open network. But this claim is not really true. Yes, THORChain has some odd embargo processes around security problems. But let's look at an actual release, v3.18.0, with code published May 9th, where the discussion above occurred just days before this release:

Given the dates this is the upcoming release discussed in the screenshot above.The release shipped as private binary, with the code to build the release made available at latest by May 9th and an expected production release date of May 12th. Does that mean only certain people could see the "security patches" while they were being developed? For at least some of the time yes it sure does. Does that mean less than 100% of development was done in the open? It sure does. But the code was released before production deployment. All code sits on the developers computer for some period of time before it hits the public. What matters is if the code is public before it gets put into production.

It is simply false that having some kind of security embargo policy renders your project closed-source. We need only present the Linux kernel Embargoed hardware issues policy to prove this beyond all doubt. If your definition of open source excludes Linux then your definition is wrong. So security embargoes and limited periods of non-public code development are accepted. This is not even a situation where the code was released post-deployment. Yes it was not available pre-deployment for as long as it could possibly have been available but that is a far cry from a process where one must "beg to be let into the super secret room to get the real client code."

Yes there is a little bit of complexity around the a library that does some of THORChain's internally developed cryptography. A small bit of code is, the team claims temporarily, not open source because it is security-critical and has had a lot of vulnerability problems. As discussed elsewhere in this column there are small closed-source components to many large web3 systems. And given the track record of bad security software development at THORChain the team does not have a lot of good options with respect to their vulnerable cryptography software. We view this as a minor mark against the team and anyway nothing worse than examples provided below. Once the team made the bad decision to roll their own cryptography the die was cast for problems in the general vicinity.

Now, if somebody wants to claim that web3 projects are only entitled to exemptions from various financial regulations when 100% of development is done in public they are certainly welcome to do so. But this is not only a bar far higher than that accepted by the software industry in general – it is a bar that will exclude nearly everything in web3 production use today. The expert we are addressing here works at MetaMask and as we have documented before parts of MetaMask are not open source and have been closed for years while used in production.

GoPlus's Soft Claimsweb3 security firm GoPlus published a piece claiming THORChain has never been strictly decentralized. The first clue this might be a weak argument is the use of "strictly." They did not even decide to lead with some clickbit but already took a soft position. We applaud GoPlus for being honest. And we also want to throw a little shade in their direction for making a noisy entrance without much real content.

The strictest definition of a decentralized protocol we can think of is that it is impossible for anyone to identify a sufficiently large group of participants such that it would be possible to compel the group to make changes to the protocol. In this "strict" sense Bitcoin is not decentralized because we can easily identify enough pool operators to pass 51% of the network and someone could, for example, visit their offices.

Would it be easy to force them to make some changes which are likely bad for Bitcoin? Who knows. But "strictly" can reasonably be interpreted to mean "can we get these changes put through if bring guns to a bunch of pool operators' offices and threaten to shoot them?" And then the answer is "yes." Now this would swap unlicensed money transmission for something a bit harder as the crime of interest but, again, GoPlus said "strictly." If "wrench attacks" are considered a reasonable threat model for securing self-custody then they are surely also a reasonable threat model for strict decentralization.

Most of GoPlus' specific complaints, numbered 2 through 5, all amount to "there is a smallish group that can collude to make arbitrary changes to THORChain." This is true and true of nearly every web3 project. We are not going to debate whether large mining pools render Bitcoin centralized – we are just going to say that using "strictly" as a weasel word here is a sign they know the argument is weak. Every product with a security council has this problem. In some sense everything with a multisig has this problem.

But GoPlus' first claim that "TSS vaults ≠ base-layer consensus" is worth discussing. THORChain uses a different architecture than many bridges and L2s and other things which connect blockchains to other blockchains. The Threshold Signature Scheme (TSS) used by THORChain is odd. Roughly speaking, funds within the THOR ecosystem sit within multisigs where some threshold of "validators" needs to approve outflows. GoPlus claims this is not the same as a "base layer consensus" scheme where the blockchain itself validates individual signatures and all you need to move assets is your own private key on top of a working blockchain. But validators sign blocks as produced, and blocks as produced include user transctions. Without block production transactions do not flow.

For an L1 there is a real difference in form here even if not in function. But for an L2 or a bridge or anything in that general area this is really no different than something like an odd sequencer design. A sole sequencer in an L2 is just a TSS where the threshold is the one sequencer. If you have some more distributed scheme then it is just a TSS where the T is however many parties need to approve a transaction or withdrawal. We will talk about Hyperliquid a bit below but suffice it to say Hyperliquid can be thought of as a dumb TSS too.

Now for an L1 or an L2 or a bridge is there a substantive difference between the validators having the collective ability to block or censor transactions vs a TSS where some quorum of validators need to actively approve (certain kinds of) transactions? If there is a difference it is small. But even acknowledging this is a legitimate question is to acknowledge Arbitrum, base, Hyperliquid, Polygon, Starknet and many many other projects are less decentralized than THORChain. Why? Because participating in the THORChain validation process is less gated than joining a security council or having a team-controlled emergency multisig.

Certainly THORChain is more decentralized than any of those things. There are complaints that THORChain's 100-ish nodes are really operated by only 10s of people. Maybe. Maybe not. Arbitrum froze funds using a 9-of-12 multisig. If your histrionic moaning does not even claim a T below 9 for the TSS yet you defend the Arbitrum action what are you even doing?

If anyone wants to take the position current THORChain is "clearly" an illegal custodial scheme they are arguing a huge swathe of web3 is also outlaw. We have a lot of sympathy for the last point there. A lot of the products named in the preceding paragraph, and others to boot, are in our view obviously illegal custodial schemes. And that can be true with current THORChain sitting on either side of the line. Be careful what you wish for.

ComparisonsThe best two comparisons here to show that current THORChain is not too bad are base and Hyperliquid. Is this a relativist argument? Yes. We are arguing that anyone that wants to paint current THORChain as completely beyond the pale must take the same position with respect to many other projects to reveal themselves to be a hypocrite. We expect the later to be the real explanation. But for now we will just focus on facts.

baseWe first wrote in August 2023 about base looking like a centralized, custodial system. We wrote a follow-up in July 2026 noting that essentially no progress had been made and the project's public comments over the interim 3 years admitted all our claims were true.

base's problem is that Coinbase controls all the levers and all the money. And Coinbase-controlled infrastructure not only holds all the funds in its sole custody and control, but Coinbase has actively rolled back the chain to address problems before and otherwise used its absolute central authority. Industry coverage generally acknowledges base is just a custodial service run by Coinbase with a bit of gratuitous software on top.

And the entire thing is built around a sole sequencer that needs to keep pushing out messages for bridging transactions to Ethereum to work. Yes, there are mechanisms to work around the Coinbase-operated infrastructure. But that infrastructure can also upgrade the code instantly at any time and take all the funds for itself if it wants. Coinbase has more power over base than the THORChain developers do over THORChain. It is not even close.

In THORChain the risk is the TSS does not give you your funds because the T is not met. In base the risk is that Coinbase decides it wants your money. Those are not identical but they sure are fairly similar. THORChain is, in our view, better.

HyperliquidThis one looks remarkably like THORChain only worse and more extreme. Hyperliquid takes the possible issues and oddities with THORChain and replaces them with clearly-out-of-bounds simplifications. To get your money off Hyperliquid one of the designated system validator addresses needs to approve your withdrawal through a two-step process. This is a TSS. And as discussed at that link it is a TSS gated by a permissioned set of validators.

And it gets much worse. THORChain may have some embargo issues and the processes for sharing code may not be ideal. But Hyperliquid is just straight-up closed source. There is no debate on this point: Hyperliquid's code is not available to the public.

THORChain also has some kind of strange on-chain governance processes where parameters can be changed and votes are taken and the like. We are not going to get too deeply into the details here because what really matters for the comparison is that Hyperliquid's on-chain governance is supposed to be mediated by a dispute resolution process. But that process is restricted to the team itself and approved participants. So external parties simply cannot participate at all. Again, THORChain's wonky and not-perfect schemes are clearly more open than Hyperliquid's smoke filled back room. The schemes are not even close.

One of the core complaints about THORChain quoted above, once corrected for clear errors and false statements, is that it is awfully difficult for external parties to follow along and participate because the code is often released with little notice and the system is fiddly to run. Those are real gripes and fair enough. But they are qualitatively different from a system that simply does not allow external participation at all and does not publish source code at all.

DiscussionTHORChain has a long history of misrepresenting how it works and processing funds straight out of hacks and thefts. THORChain has a lot issues. The THORChain team almost surely has open legal liability.

But that does not mean every complaint about THORChain today is accurate or reasonable. And it certainly does not mean current THORChain is a particularly outlaw product. This is not an effort to defend THORChain or apologize for past bad deeds by the team. It is just being honest about what is happening today. Does doing better today excuse past bad conduct? Not really. But again, it is only fair to attack the team for what they actually did not what you dreamed up they are still doing.

When compared against a lot of major, respected, services today current THORChain looks pretty good. This is maybe 50% because THORChain has improved a lot and 50% because a huge fraction of current services are also misrepresenting the degree to which they remain outlaw. Maybe that should be 60/40 or 20/80 or some other mix. Maybe you view the mix differently. But there is clearly a large measure of both components at play here.

Today THORChain and the team behind the project are in kind of a tough spot because of their past behaviour. Admitting you did lots of crimes before but changed the system as a way of defending against allegations you are criming today...that has obvious problems as a defense strategy.

But we really do not see that they have any choice. THORChain's best course of action is to compare the functionality of the system today and in the past to other more-respected systems with similar problems. There are only two ways the THORChain team avoids law enforcement: staying below the radar or looking like they were doing the best they could and hoping the high level plan is not to arrest everybody. If the plan is to arrest everybody they are already screwed. And staying below the radar screen has not been a viable strategy for some time. Our advice to the THORChain team is based on the simple premise that you must play the cards you are dealt.

So honestly and openly describing how THORChain is of a piece with many other web3 products out there is just about all they can do. We hope they make an effort in this direction primarily because – full disclosure here – it will be very amusing to watch people squirm. Will this likely involve making statements about illegal behaviour by other large projects which are generally considered to be good actors? Yes it will. Is that good for "web3" as a whole? Who knows. But the rest of the ecosystem brought this on themselves by accepting funds out of THORChain when it was clearly an outlaw service and then turning around and unfairly attacking it for things it did not do. Game on then it would seem.

Artemis Investment Management LLP reduced its stake in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) by 73.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,367 shares of the data storage provider’s stock after selling 12,043 shares during the quarter. Artemis Investment Management LLP’s holdings in Sandisk were worth $7,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Sandisk in the 2nd quarter worth about $23,408,732,000. Evergreen Quality Fund GP Ltd. purchased a new stake in shares of Sandisk during the 4th quarter valued at about $255,848,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sandisk by 31.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock valued at $825,608,000 after acquiring an additional 828,332 shares during the last quarter. Situational Awareness LP lifted its holdings in shares of Sandisk by 42.4% in the 2nd quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock valued at $5,673,739,000 after acquiring an additional 743,325 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Sandisk in the second quarter worth about $1,621,353,000.

Sandisk Stock Down 4.9% Shares of SNDK stock opened at $1,609.46 on Friday. The firm has a market cap of $232.62 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 0.17 and a beta of 5.23. The company’s 50 day moving average is $1,585.66 and its 200 day moving average is $1,469.83. Sandisk Corporation has a 52-week low of $116.17 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm’s revenue was up 371.6% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts anticipate that Sandisk Corporation will post 208.94 EPS for the current fiscal year. Sandisk declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in outstanding shares. This buyback authorization authorizes the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity In other news, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the transaction, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the transaction, the insider directly owned 25,588 shares in the company, valued at approximately $44,393,644.72. The trade was a 2.29% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 77,899 shares of company stock worth $121,159,122. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In A number of equities analysts recently commented on SNDK shares. Susquehanna dropped their price target on shares of Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating for the company in a research note on Thursday, August 6th. Mizuho increased their price objective on shares of Sandisk from $1,875.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Tuesday. Weiss Ratings raised shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, September 24th. Royal Bank Of Canada raised their price objective on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Finally, BNP Paribas Exane dropped their target price on Sandisk from $1,900.00 to $1,400.00 in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and a consensus target price of $2,120.65.

Check Out Our Latest Stock Report on Sandisk

More Sandisk News Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Mizuho raised its SanDisk price target to $2,050 from $1,875, citing rising demand for storage tied to “agentic AI.” The upgrade reinforces the view that data-center and AI workloads could support sustained demand for SanDisk’s products. Mizuho raises SanDisk price target by $175 on agentic AI demand Positive Sentiment: SanDisk’s bullish case remains tied to strong data-center demand, improving profitability, significant cash generation and a nearly debt-free balance sheet. Analysts also point to longer-term customer contracts and disciplined industry supply as factors that could keep memory pricing elevated. SanDisk is up 1,322% in a year Neutral Sentiment: Some analysts, including Cantor and Mirae Asset, argued that concerns about memory supply and pricing may be exaggerated. However, SanDisk’s extraordinary recent rally has increased investor sensitivity to any signs that earnings growth or margins may be approaching a cyclical peak. Micron, SK Hynix, and SanDisk slide in sync Negative Sentiment: A disappointing preliminary revenue update from Samsung triggered a broader memory-sector selloff, raising concerns that demand, pricing or industry growth may not be as strong as expected. SanDisk fell alongside Micron and SK Hynix as investors reduced exposure to the popular AI-memory trade. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint Negative Sentiment: Higher Treasury yields, rising oil prices and broader profit-taking in semiconductor stocks added to pressure. Investors are also wary that SanDisk’s valuation and expectations now reflect a large portion of the AI-storage opportunity, leaving less room for execution disappointments. Why AMD, Micron, SanDisk, and Nvidia stocks are falling Sandisk Company Profile (Free Report)

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.

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Galvin Gaustad & Stein LLC bought a new stake in SpaceX (NASDAQ:SPCX – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,843 shares of the company’s stock, valued at approximately $2,541,000.

Other institutional investors have also modified their holdings of the company. Grove Bank & Trust purchased a new stake in shares of SpaceX during the third quarter worth approximately $344,000. Wisconsin Wealth Advisors LLC purchased a new position in SpaceX in the 3rd quarter valued at $929,000. Sapient Capital LLC acquired a new position in SpaceX in the 3rd quarter valued at $3,541,000. Atwood & Palmer Inc. raised its position in SpaceX by 239.5% during the 3rd quarter. Atwood & Palmer Inc. now owns 567 shares of the company’s stock worth $86,000 after buying an additional 400 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new position in SpaceX during the 3rd quarter worth $19,385,000.

SpaceX News Roundup Here are the key news stories impacting SpaceX this week:

Positive Sentiment: SpaceX agreed to acquire nationwide 800 MHz low-band spectrum licenses from Grain Management, giving Starlink a path to expand into indoor cellular coverage and compete more directly with AT&T, Verizon and T-Mobile. The deal remains subject to final FCC approval. SpaceX Acquires Nationwide Spectrum Licenses Positive Sentiment: The FCC approved SpaceX’s next-generation Starlink Mobile constellation of up to 15,000 satellites and waived a ground-carrier leasing requirement, strengthening the company’s direct-to-device strategy. FCC Approval for 15,000 Starlink Satellites Positive Sentiment: American Airlines plans to install Starlink internet on more than 1,000 aircraft, adding a substantial commercial customer and supporting recurring connectivity revenue. American Airlines to Add Starlink Neutral Sentiment: Elon Musk said he sees a path for SpaceX to reach a valuation in the “tens of trillions,” a bullish long-term forecast but one that offers no near-term financial guidance. Musk’s SpaceX Valuation Prediction Negative Sentiment: Reports that SpaceX may raise approximately $40 billion in loans and bonds to purchase Nvidia AI chips intensified concerns about leverage, capital allocation and the risk of spending heavily before AI-compute demand and returns are proven. Credit-default swap costs reportedly reached record levels. Apollo and Banks Discuss SpaceX Financing Negative Sentiment: Up to 328.4 million shares are scheduled to become eligible for sale on October 9, creating a potential increase in trading supply and selling pressure. SpaceX Share Unlock Negative Sentiment: Starlink’s India launch remains stalled amid a public dispute with local telecom interests and regulators, delaying access to a major potential market. Starlink India Launch Dispute Analyst Upgrades and Downgrades Several analysts have recently weighed in on SPCX shares. UBS Group reaffirmed a “buy” rating on shares of SpaceX in a report on Tuesday, September 29th. William Blair reissued an “outperform” rating on shares of SpaceX in a report on Friday, September 11th. New Street Research raised SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. Mizuho started coverage on SpaceX in a research report on Tuesday, July 7th. They set an “outperform” rating and a $200.00 target price on the stock. Finally, Cfra started coverage on SpaceX in a research note on Friday, June 12th. They set a “sell” rating and a $115.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $219.77. Check Out Our Latest Research Report on SpaceX

Insider Buying and Selling In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance Shares of SPCX stock opened at $160.57 on Friday. The business’s fifty day moving average price is $143.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The firm has a market capitalization of $2.12 trillion and a PE ratio of -1,784.11. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64.

SpaceX (NASDAQ:SPCX – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. SpaceX’s revenue was up 91.9% on a year-over-year basis. As a group, equities research analysts predict that SpaceX will post 0.09 earnings per share for the current year.

About SpaceX (Free Report)

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.

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Echo45 Advisors LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 21.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,211 shares of the iPhone maker’s stock after selling 2,449 shares during the quarter. Apple comprises 1.4% of Echo45 Advisors LLC’s holdings, making the stock its 23rd biggest position. Echo45 Advisors LLC’s holdings in Apple were worth $2,665,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Beaird Harris Wealth Management LLC lifted its position in Apple by 1.2% during the second quarter. Beaird Harris Wealth Management LLC now owns 26,213 shares of the iPhone maker’s stock worth $7,585,000 after purchasing an additional 314 shares during the period. Operose Advisors LLC increased its holdings in Apple by 0.9% in the 2nd quarter. Operose Advisors LLC now owns 18,605 shares of the iPhone maker’s stock valued at $5,384,000 after buying an additional 165 shares during the period. Mid American Wealth Advisory Group Inc. raised its position in shares of Apple by 34.4% in the 2nd quarter. Mid American Wealth Advisory Group Inc. now owns 4,321 shares of the iPhone maker’s stock valued at $1,250,000 after buying an additional 1,107 shares in the last quarter. Northeast Planning Associates INC. NH boosted its position in shares of Apple by 4.5% during the 2nd quarter. Northeast Planning Associates INC. NH now owns 2,905 shares of the iPhone maker’s stock worth $841,000 after acquiring an additional 125 shares in the last quarter. Finally, Saudi Central Bank increased its stake in Apple by 89.4% in the second quarter. Saudi Central Bank now owns 1,027,683 shares of the iPhone maker’s stock valued at $297,370,000 after acquiring an additional 485,166 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Key Headlines Impacting Apple Here are the key news stories impacting Apple this week:

Positive Sentiment: AI monetization opportunity: Analyst Dan Ives said Apple could become a “toll collector” for consumer AI by leveraging more than 2.5 billion active devices and its Services ecosystem. He sees the opportunity adding as much as $75 per share to Apple’s valuation. Apple Could Be the Toll Collector of Consumer AI Positive Sentiment: Smart-home expansion: Apple is expected to unveil new connected-home products, potentially including a doorbell, thermostat, lock and other accessories developed with LG Electronics, at its October 13 “Welcome Home” event. The initiative could broaden Apple’s hardware and Services opportunity while strengthening HomeKit against Amazon and Google. Apple Smart Home Push Positive Sentiment: M&A leadership change: Apple appointed veteran insider Steve Smith as head of mergers and acquisitions, replacing Adrian Perica, who is moving to the Services division. Investors may view the change as support for a more active acquisition strategy and tighter alignment between dealmaking and Services growth. Apple Names Steve Smith New M&A Chief Positive Sentiment: Tokenized-stock exposure: Securitize launched tokenized versions of Apple and 11 other major U.S. stocks on Solana. The offering could increase visibility for Apple’s shares and reflects broader demand for digital access to large-cap equities, although the direct financial effect on Apple is limited. Securitize Launches Tokenized U.S. Equities Neutral Sentiment: Management is pursuing faster execution: CEO John Ternus is reportedly considering more frequent product releases and fewer management layers. The changes could improve innovation, but commentary also highlights that Siri and Apple’s AI execution remain areas where investors want faster progress. Apple Is Speeding Up, Siri Isn’t Negative Sentiment: Valuation and margin risks: Apple trades at a premium earnings multiple after a strong year-to-date advance. Morgan Stanley lowered its price target to $355 despite raising revenue estimates, citing softer iPhone pricing and higher memory-chip costs. Bank of America also warned that Meta’s AI developments could challenge Apple’s Services ecosystem. Morgan Stanley Is Bullish on Apple With a Catch Negative Sentiment: Insider selling and concentration concerns: Senior Vice President Jennifer Newstead sold 2,399 shares, a relatively small transaction that may nevertheless add to investor caution. Separately, Apple’s huge weighting in the S&P 500 leaves index investors vulnerable if the stock or other mega-cap technology shares retreat. Apple Insider Transaction Filing Insider Buying and Selling In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the company’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $332.01, for a total value of $796,491.99. Following the sale, the senior vice president owned 39,593 shares in the company, valued at approximately $13,145,271.93. The trade was a 5.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Timothy D. Cook sold 191,753 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the sale, the insider directly owned 3,264,168 shares of the company’s stock, valued at approximately $1,086,837,377.28. The trade was a 5.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 279,383 shares of company stock valued at $92,912,517. Company insiders own 0.06% of the company’s stock. Analyst Ratings Changes Several research analysts have commented on the stock. Piper Sandler assumed coverage on shares of Apple in a research report on Monday, August 17th. They set an “overweight” rating for the company. Morgan Stanley set a $355.00 target price on Apple and gave the stock an “overweight” rating in a research note on Thursday, October 1st. CICC Research increased their target price on shares of Apple from $310.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Moffett Nathanson restated a “neutral” rating and issued a $304.00 price target (up from $270.00) on shares of Apple in a research note on Tuesday, September 8th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Apple in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $340.02.

View Our Latest Stock Report on Apple

Apple Trading Up 1.1% AAPL opened at $340.42 on Friday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $345.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a market capitalization of $4.97 trillion, a price-to-earnings ratio of 39.04, a PEG ratio of 2.68 and a beta of 1.07. The company’s 50 day moving average price is $322.06 and its two-hundred day moving average price is $302.76.

Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 EPS. As a group, research analysts predict that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple’s dividend payout ratio is presently 12.39%.

Apple Profile (Free Report)

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple’s services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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Wedmont Private Capital lifted its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 5.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 301,877 shares of the iPhone maker’s stock after purchasing an additional 16,505 shares during the quarter. Apple comprises approximately 2.6% of Wedmont Private Capital’s holdings, making the stock its 10th largest holding. Wedmont Private Capital’s holdings in Apple were worth $95,188,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Berkshire Hathaway Inc purchased a new stake in Apple during the second quarter worth approximately $65,950,297,000. Bank of America Corp DE acquired a new position in shares of Apple during the 2nd quarter valued at $36,986,090,000. Legal & General Group Plc purchased a new stake in Apple during the 2nd quarter worth $30,443,242,000. Nuveen LLC boosted its position in Apple by 3.8% during the 4th quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker’s stock worth $20,389,750,000 after purchasing an additional 2,725,121 shares during the period. Finally, Amundi increased its holdings in Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock valued at $18,547,637,000 after purchasing an additional 13,780,080 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Key Apple News Here are the key news stories impacting Apple this week:

Positive Sentiment: AI monetization opportunity: Analyst Dan Ives said Apple could become a “toll collector” for consumer AI by leveraging more than 2.5 billion active devices and its Services ecosystem. He sees the opportunity adding as much as $75 per share to Apple’s valuation. Apple Could Be the Toll Collector of Consumer AI Positive Sentiment: Smart-home expansion: Apple is expected to unveil new connected-home products, potentially including a doorbell, thermostat, lock and other accessories developed with LG Electronics, at its October 13 “Welcome Home” event. The initiative could broaden Apple’s hardware and Services opportunity while strengthening HomeKit against Amazon and Google. Apple Smart Home Push Positive Sentiment: M&A leadership change: Apple appointed veteran insider Steve Smith as head of mergers and acquisitions, replacing Adrian Perica, who is moving to the Services division. Investors may view the change as support for a more active acquisition strategy and tighter alignment between dealmaking and Services growth. Apple Names Steve Smith New M&A Chief Positive Sentiment: Tokenized-stock exposure: Securitize launched tokenized versions of Apple and 11 other major U.S. stocks on Solana. The offering could increase visibility for Apple’s shares and reflects broader demand for digital access to large-cap equities, although the direct financial effect on Apple is limited. Securitize Launches Tokenized U.S. Equities Neutral Sentiment: Management is pursuing faster execution: CEO John Ternus is reportedly considering more frequent product releases and fewer management layers. The changes could improve innovation, but commentary also highlights that Siri and Apple’s AI execution remain areas where investors want faster progress. Apple Is Speeding Up, Siri Isn’t Negative Sentiment: Valuation and margin risks: Apple trades at a premium earnings multiple after a strong year-to-date advance. Morgan Stanley lowered its price target to $355 despite raising revenue estimates, citing softer iPhone pricing and higher memory-chip costs. Bank of America also warned that Meta’s AI developments could challenge Apple’s Services ecosystem. Morgan Stanley Is Bullish on Apple With a Catch Negative Sentiment: Insider selling and concentration concerns: Senior Vice President Jennifer Newstead sold 2,399 shares, a relatively small transaction that may nevertheless add to investor caution. Separately, Apple’s huge weighting in the S&P 500 leaves index investors vulnerable if the stock or other mega-cap technology shares retreat. Apple Insider Transaction Filing Insider Activity at Apple In other news, SVP Deirdre O’brien sold 46,389 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the sale, the senior vice president owned 136,810 shares of the company’s stock, valued at approximately $45,615,190.20. The trade was a 25.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy Cook sold 191,753 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the completion of the sale, the insider owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. This trade represents a 5.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 279,383 shares of company stock valued at $92,912,517 in the last 90 days. 0.06% of the stock is currently owned by insiders. Wall Street Analyst Weigh In Several research analysts have commented on the company. China Renaissance lowered Apple from a “buy” rating to a “hold” rating and cut their price objective for the company from $329.00 to $280.00 in a research report on Tuesday, August 4th. The Goldman Sachs Group started coverage on Apple in a research report on Monday, August 17th. They issued a “buy” rating for the company. Maxim Group increased their target price on Apple from $350.00 to $380.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wells Fargo & Company reiterated an “overweight” rating and set a $350.00 target price (up from $310.00) on shares of Apple in a report on Friday, July 31st. Finally, Rothschild & Co Redburn set a $400.00 target price on shares of Apple and gave the company a “buy” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.02.

Check Out Our Latest Report on AAPL

Apple Stock Performance Apple stock opened at $340.42 on Friday. The stock has a market cap of $4.97 trillion, a P/E ratio of 39.04, a price-to-earnings-growth ratio of 2.68 and a beta of 1.07. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $322.06 and a 200-day moving average of $302.76. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $345.34.

Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.57 earnings per share. On average, analysts expect that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple’s dividend payout ratio (DPR) is currently 12.39%.

Apple Company Profile (Free Report)

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple’s services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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GAMMA Investing LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,449 shares of the social networking company’s stock after purchasing an additional 7,458 shares during the quarter. Meta Platforms accounts for about 1.5% of GAMMA Investing LLC’s holdings, making the stock its 10th biggest holding. GAMMA Investing LLC’s holdings in Meta Platforms were worth $46,012,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Auto Owners Insurance Co grew its stake in shares of Meta Platforms by 76,587.7% in the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock worth $69,502,379,000 after acquiring an additional 105,154,977 shares in the last quarter. State Street Corp raised its stake in shares of Meta Platforms by 4.0% in the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock valued at $51,841,811,000 after acquiring an additional 3,510,123 shares in the last quarter. Bank of America Corp DE boosted its holdings in Meta Platforms by 14.6% in the first quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company’s stock valued at $12,036,491,000 after purchasing an additional 2,673,494 shares during the period. Invesco Ltd. grew its stake in Meta Platforms by 6.1% during the 4th quarter. Invesco Ltd. now owns 18,200,469 shares of the social networking company’s stock worth $12,013,948,000 after purchasing an additional 1,046,715 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Meta Platforms by 1.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,836,063 shares of the social networking company’s stock worth $7,230,426,000 after purchasing an additional 162,909 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Performance Shares of META opened at $720.89 on Friday. The stock has a 50 day moving average price of $637.74 and a 200 day moving average price of $619.40. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $779.82.

Meta Platforms (NASDAQ:META – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing analysts’ consensus estimates of $7.19 by ($1.01). The company had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The firm’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the previous year, the business posted $7.14 EPS. Research analysts predict that Meta Platforms, Inc. will post 27.94 EPS for the current fiscal year. Meta Platforms Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were paid a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 21st. Meta Platforms’s dividend payout ratio (DPR) is currently 7.91%.

Insider Activity at Meta Platforms In other Meta Platforms news, COO Javier Olivan sold 946 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $728.08, for a total value of $688,763.68. Following the completion of the transaction, the chief operating officer owned 7,878 shares in the company, valued at $5,735,814.24. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Zuckerberg sold 27,474 shares of the firm’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $777.44, for a total value of $21,359,386.56. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 148,222 shares of company stock valued at $101,033,627 over the last ninety days. Insiders own 13.53% of the company’s stock.

Meta Platforms News Summary Here are the key news stories impacting Meta Platforms this week:

Positive Sentiment: Meta’s growing role in the micro-drama market could create a new advertising revenue stream. Short-form serialized shows are expanding beyond China, and the platform is becoming an important distribution channel for this content. Why Meta is winning the micro drama wars Positive Sentiment: Wells Fargo reportedly set a $1,000 price target, citing AI as a potential catalyst, while TD Cowen reaffirmed its “buy” rating with an $865 target. These targets imply analysts see substantial upside if Meta converts AI investment into higher engagement, advertising and commerce revenue. Meta Could Hit $1,000, Says Wells Fargo Positive Sentiment: Meta’s Muse assistant continues to expand, including a new iPad app, and the company is working with Sierra, Shopify, Stripe and Walmart on standards for AI agents to interact with businesses. Successful agentic commerce could eventually provide Meta with transaction-based revenue. Meta’s Muse launches on iPad Neutral Sentiment: President Donald Trump disclosed purchases of as much as $25 million in Meta stock, a headline that may support investor sentiment but does not change the company’s fundamentals. Trump bought up to $25 million in Meta Negative Sentiment: Jefferies found that roughly one-third of tested websites blocked Meta’s Muse agent. Access limitations could delay Meta’s plans to earn transaction fees from AI-powered shopping and other agentic-commerce services. Meta’s Muse AI agent blocked by websites Negative Sentiment: Florida is pursuing restrictions on Meta’s platforms, including a possible ban for users under 14 and limits on infinite scrolling for teenagers. Such rules could reduce engagement, advertising inventory and the effectiveness of Meta’s core products while increasing legal costs. Meta Stock Falls as Florida challenges infinite scroll Negative Sentiment: Investors remain concerned that Meta’s substantial AI data-center spending is consuming cash before returns are clear. Commentary also highlights criticism of CEO Mark Zuckerberg’s AI strategy and the risk that AI infrastructure becomes a prolonged cash-flow drag. Why AI Infrastructure Is Turning Meta and Amazon Into Cash-Flow Sinks Analyst Upgrades and Downgrades META has been the subject of several recent research reports. Citizens Jmp lifted their price objective on Meta Platforms from $770.00 to $885.00 and gave the company a “market outperform” rating in a research note on Thursday, September 24th. Citigroup reaffirmed an “outperform” rating on shares of Meta Platforms in a report on Thursday, September 24th. Loop Capital lifted their price target on shares of Meta Platforms from $740.00 to $955.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Robert W. Baird dropped their price objective on shares of Meta Platforms from $830.00 to $750.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Finally, Canaccord Genuity Group raised their price objective on shares of Meta Platforms from $930.00 to $950.00 and gave the company a “buy” rating in a report on Friday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $791.86.

Check Out Our Latest Report on Meta Platforms

Meta Platforms Profile (Free Report)

Meta Platforms, Inc is a technology company that develops social networking, messaging, virtual and augmented reality, and artificial intelligence products. The company operates a global family of apps that includes Facebook, Instagram, Messenger, WhatsApp and Threads, enabling users to connect, communicate, share content and discover communities.

Meta generates most of its business through digital advertising displayed across its platforms. Its products serve individuals, creators, businesses and organizations in markets around the world, while its advertising tools help businesses reach audiences based on factors such as interests, activity and demographics.

Through its Reality Labs division, Meta develops virtual and augmented reality hardware, software and services, including the Meta Quest line of headsets and related experiences.

Featured Stories Five stocks we like better than Meta Platforms Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push

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Farther Finance Advisors LLC increased its stake in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 22.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,252 shares of the company’s stock after purchasing an additional 36,067 shares during the period. Farther Finance Advisors LLC’s holdings in CocaCola were worth $16,979,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of CocaCola by 1.2% during the fourth quarter. State Street Corp now owns 167,850,330 shares of the company’s stock valued at $11,734,417,000 after acquiring an additional 1,992,327 shares during the last quarter. Bank of America Corp DE raised its stake in CocaCola by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 45,958,636 shares of the company’s stock valued at $3,735,058,000 after purchasing an additional 1,939,673 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in CocaCola by 0.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,354,414 shares of the company’s stock valued at $2,954,523,000 after purchasing an additional 162,097 shares during the last quarter. Wellington Management Group LLP lifted its holdings in CocaCola by 9.2% in the 2nd quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company’s stock valued at $2,361,198,000 after purchasing an additional 2,439,026 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in CocaCola by 6.7% in the 4th quarter. Invesco Ltd. now owns 28,520,214 shares of the company’s stock valued at $1,993,848,000 after purchasing an additional 1,798,371 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth A number of equities research analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of CocaCola from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday. UBS Group set a $104.00 price objective on shares of CocaCola and gave the company a “buy” rating in a research note on Wednesday, July 29th. TD Cowen raised their target price on shares of CocaCola from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $86.00 target price (up from $82.00) on shares of CocaCola in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised CocaCola from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, CocaCola has a consensus rating of “Moderate Buy” and a consensus target price of $95.95.

Get Our Latest Analysis on KO Insider Activity at CocaCola In other news, Chairman James Quincey sold 145,947 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $90.09, for a total transaction of $13,148,365.23. Following the completion of the sale, the chairman directly owned 122,833 shares in the company, valued at $11,066,024.97. This represents a 54.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Bruno Pietracci sold 111,365 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $90.93, for a total value of $10,126,419.45. Following the completion of the transaction, the insider directly owned 41,365 shares in the company, valued at $3,761,319.45. This trade represents a 72.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 926,620 shares of company stock worth $83,075,714. 0.90% of the stock is owned by corporate insiders.

CocaCola Trading Up 2.2% Shares of KO stock opened at $87.73 on Friday. The firm has a market cap of $377.48 billion, a P/E ratio of 26.35, a PEG ratio of 3.34 and a beta of 0.32. CocaCola Company has a 1-year low of $66.00 and a 1-year high of $92.49. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. The firm’s 50-day simple moving average is $88.00 and its 200-day simple moving average is $82.73.

CocaCola (NYSE:KO – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business had revenue of $13.37 billion for the quarter, compared to analysts’ expectations of $13.17 billion. During the same period last year, the company earned $0.87 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, equities analysts forecast that CocaCola Company will post 3.29 EPS for the current year.

CocaCola Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 15th. CocaCola’s dividend payout ratio (DPR) is 63.66%.

More CocaCola News Here are the key news stories impacting CocaCola this week:

Positive Sentiment: Potential Costa Coffee sale: Coca-Cola is reportedly exploring another sale of Costa Coffee. A divestiture could generate cash, simplify the portfolio and allow management to focus on higher-priority beverage businesses, although no transaction has been announced. Coca-Cola looks to sell Costa Coffee again, Semafor reports Positive Sentiment: Healthy volume and guidance trends: Recent coverage highlights approximately 5% volume growth in the second quarter, broader gains across cases sold, pricing and operating margins, and multiple outlook increases. Coca-Cola previously beat earnings expectations, reporting $0.97 in EPS versus a $0.93 consensus estimate and $13.37 billion in revenue versus $13.17 billion expected. Coca-Cola raises its outlook Positive Sentiment: Product innovation: New zero-sugar, prebiotic and flavored soda launches—including banana-vanilla offerings—could support consumer engagement and longer-term growth as preferences shift toward “better-for-you” beverages. Coca-Cola launches new soda products Neutral Sentiment: Defensive appeal remains intact: Coca-Cola continues to attract income-focused investors because of its long dividend history, strong global distribution network and roughly 28.5% net margin. However, comparisons with PepsiCo and other consumer-staples stocks offer no clear new catalyst for KO. Three soda giants pay dividends Negative Sentiment: Valuation and execution risks: Analysts caution that KO trades above its historical average multiple, with a P/E near 26, while its cash-flow-based valuation appears close to fair value. A bearish earnings preview also points to insider selling and limited room for disappointment ahead of results. Coca-Cola Q3 earnings preview CocaCola Company Profile (Free Report)

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and other ready-to-drink products. The company’s best-known brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, Powerade, Minute Maid, fairlife, and Georgia Coffee.

Founded in 1886, the company develops, owns, licenses, markets, and distributes beverage brands through a network of bottling partners, distributors, retailers, and food-service operators.

See Also Five stocks we like better than CocaCola Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO – Free Report).

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Pinnacle Wealth Management Advisory Group LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 16.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 92,464 shares of the e-commerce giant’s stock after buying an additional 12,981 shares during the quarter. Amazon.com makes up 1.3% of Pinnacle Wealth Management Advisory Group LLC’s portfolio, making the stock its 19th largest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in Amazon.com were worth $21,038,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. NorthRock Partners LLC boosted its position in Amazon.com by 1.5% in the 2nd quarter. NorthRock Partners LLC now owns 131,565 shares of the e-commerce giant’s stock valued at $31,357,000 after buying an additional 1,884 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Amazon.com by 18.2% during the second quarter. Integrated Wealth Concepts LLC now owns 622,392 shares of the e-commerce giant’s stock worth $141,885,000 after acquiring an additional 95,821 shares during the last quarter. Community Bank N.A. raised its position in shares of Amazon.com by 1.9% during the second quarter. Community Bank N.A. now owns 48,130 shares of the e-commerce giant’s stock worth $11,471,000 after acquiring an additional 887 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Amazon.com by 3.8% during the second quarter. NewEdge Advisors LLC now owns 2,181,828 shares of the e-commerce giant’s stock valued at $517,620,000 after acquiring an additional 79,751 shares during the period. Finally, Cypress Capital Management LLC WY lifted its stake in shares of Amazon.com by 4.7% during the second quarter. Cypress Capital Management LLC WY now owns 3,577 shares of the e-commerce giant’s stock valued at $853,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of Amazon.com stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the transaction, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This trade represents a 44.97% 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. Over the last 90 days, insiders sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by insiders.

Key Stories Impacting Amazon.com Here are the key news stories impacting Amazon.com this week: Positive Sentiment: Analysts remain broadly bullish on Amazon, citing accelerating AWS growth, expanding AI-services revenue and potential upside from advertising, logistics and other businesses. One report noted that 58 analysts cover the stock without a sell rating. 58 Analysts, Zero Sells: Amazon’s Price Target Is a Rare Consensus Positive Sentiment: Amazon launched three higher-priced Alexa-branded tablets running Android with Google Play access, positioning the devices against Apple and Samsung while expanding Alexa+ and AI monetization opportunities. Amazon launches first Android tablets, raising prices and incorporating Alexa Positive Sentiment: Amazon’s AWS pricing team is using an AI chatbot to automate complex customer-deal analysis, illustrating how the company is applying AI internally to improve productivity and potentially margins. AWS pricing team turns Excel model into an AI chatbot Neutral Sentiment: Amazon is adding two China-to-U.S. air-freight services, which could improve inventory replenishment and peak-season execution, although the financial impact was not disclosed. Amazon launches two new China-to-U.S. air freight options Negative Sentiment: Investors are concerned that planned 2026 capital spending of roughly $220 billion on AI infrastructure could push free cash flow further negative before the investments generate sufficient returns. Rising Treasury yields and oil prices are also pressuring technology valuations. Amazon stock hits rare valuation lows Negative Sentiment: Amazon confirmed another round of reductions affecting fewer than 1,000 employees, primarily in its Stores division. The cuts may support efficiency but also signal restructuring pressure in the core e-commerce business. Amazon makes fresh job cuts, mainly in retail division Negative Sentiment: Amazon is blocking external AI shopping agents such as Meta’s Muse from accessing its marketplace. Critics argue the policy could encourage startups to develop competing shopping platforms and weaken Amazon’s role in agent-driven commerce. Why Amazon is making a big AI mistake Negative Sentiment: An FTC lawsuit alleges Amazon overcharged advertisers by more than $20 billion, adding regulatory and potential financial risks to the company’s advertising business. Amazon.com Price Performance NASDAQ AMZN opened at $254.06 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company has a market capitalization of $2.74 trillion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 2.01 and a beta of 1.45. The firm’s 50 day moving average is $259.01 and its 200-day moving average is $249.79.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 8.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth AMZN has been the topic of several analyst reports. Sanford C. Bernstein restated an “outperform” rating and issued a $320.00 price objective (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. DA Davidson reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. HSBC restated a “buy” rating and set a $310.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Amazon.com in a research report on Monday, August 3rd. Finally, TD Cowen restated a “buy” rating and set a $350.00 price objective on shares of Amazon.com in a report on Monday. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $322.86.

Read Our Latest Research Report on AMZN

Amazon.com Company Profile (Free Report)

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon’s major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

Featured Stories Five stocks we like better than Amazon.com Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push

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Lotus Asset Management LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,393 shares of the e-commerce giant’s stock, valued at approximately $809,000. Amazon.com makes up about 0.7% of Lotus Asset Management LLC’s investment portfolio, making the stock its 17th biggest holding.

A number of other large investors have also recently bought and sold shares of AMZN. Bank of America Corp DE acquired a new position in shares of Amazon.com during the 2nd quarter worth $22,218,775,000. Bank of New York Mellon Corp bought a new stake in Amazon.com during the 2nd quarter worth $16,341,405,000. Amundi increased its holdings in Amazon.com by 3.9% in the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock worth $15,211,393,000 after purchasing an additional 2,421,739 shares in the last quarter. Invesco Ltd. raised its position in Amazon.com by 3.3% in the fourth quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant’s stock valued at $13,757,993,000 after purchasing an additional 1,879,630 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Amazon.com in the 2nd quarter valued at approximately $12,831,376,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades A number of research firms have weighed in on AMZN. HSBC reissued a “buy” rating and set a $310.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Benchmark boosted their target price on Amazon.com from $370.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Tigress Financial reissued a “buy” rating and issued a $385.00 price target (up from $315.00) on shares of Amazon.com in a research report on Tuesday. Bank of America raised their price objective on Amazon.com from $310.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $315.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $322.86.

Read Our Latest Stock Report on AMZN Amazon.com Stock Performance Shares of AMZN stock opened at $254.06 on Friday. The stock has a market capitalization of $2.74 trillion, a P/E ratio of 20.44, a PEG ratio of 2.01 and a beta of 1.45. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $259.01 and its 200 day moving average is $249.79. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business had revenue of $200.61 billion for the quarter, compared to analysts’ expectations of $197.03 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 8.03 earnings per share for the current year.

Insider Activity at Amazon.com In other Amazon.com news, CEO Douglas J. Herrington sold 6,362 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the sale, the chief executive officer directly owned 476,681 shares in the company, valued at $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. 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. Insiders have sold 71,589 shares of company stock valued at $18,580,515 in the last quarter. 8.90% of the stock is currently owned by company insiders.

Key Headlines Impacting Amazon.com Here are the key news stories impacting Amazon.com this week:

Positive Sentiment: Analysts remain broadly bullish on Amazon, citing accelerating AWS growth, expanding AI-services revenue and potential upside from advertising, logistics and other businesses. One report noted that 58 analysts cover the stock without a sell rating. 58 Analysts, Zero Sells: Amazon’s Price Target Is a Rare Consensus Positive Sentiment: Amazon launched three higher-priced Alexa-branded tablets running Android with Google Play access, positioning the devices against Apple and Samsung while expanding Alexa+ and AI monetization opportunities. Amazon launches first Android tablets, raising prices and incorporating Alexa Positive Sentiment: Amazon’s AWS pricing team is using an AI chatbot to automate complex customer-deal analysis, illustrating how the company is applying AI internally to improve productivity and potentially margins. AWS pricing team turns Excel model into an AI chatbot Neutral Sentiment: Amazon is adding two China-to-U.S. air-freight services, which could improve inventory replenishment and peak-season execution, although the financial impact was not disclosed. Amazon launches two new China-to-U.S. air freight options Negative Sentiment: Investors are concerned that planned 2026 capital spending of roughly $220 billion on AI infrastructure could push free cash flow further negative before the investments generate sufficient returns. Rising Treasury yields and oil prices are also pressuring technology valuations. Amazon stock hits rare valuation lows Negative Sentiment: Amazon confirmed another round of reductions affecting fewer than 1,000 employees, primarily in its Stores division. The cuts may support efficiency but also signal restructuring pressure in the core e-commerce business. Amazon makes fresh job cuts, mainly in retail division Negative Sentiment: Amazon is blocking external AI shopping agents such as Meta’s Muse from accessing its marketplace. Critics argue the policy could encourage startups to develop competing shopping platforms and weaken Amazon’s role in agent-driven commerce. Why Amazon is making a big AI mistake Negative Sentiment: An FTC lawsuit alleges Amazon overcharged advertisers by more than $20 billion, adding regulatory and potential financial risks to the company’s advertising business. Amazon.com Profile (Free Report)

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon’s major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

Featured Articles Five stocks we like better than Amazon.com Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

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Texas Capital Bank Wealth Management Services Inc boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,007 shares of the software giant’s stock after purchasing an additional 1,691 shares during the period. Microsoft accounts for about 1.3% of Texas Capital Bank Wealth Management Services Inc’s investment portfolio, making the stock its 11th biggest holding. Texas Capital Bank Wealth Management Services Inc’s holdings in Microsoft were worth $23,503,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MSFT. Auto Owners Insurance Co grew its stake in shares of Microsoft by 56,160.8% in the fourth quarter. Auto Owners Insurance Co now owns 60,116,384 shares of the software giant’s stock valued at $29,073,486,000 after buying an additional 60,009,531 shares in the last quarter. Corient Private Wealth LLC raised its position in Microsoft by 234.5% during the fourth quarter. Corient Private Wealth LLC now owns 17,822,280 shares of the software giant’s stock worth $8,619,211,000 after acquiring an additional 12,493,786 shares in the last quarter. Amundi raised its position in Microsoft by 30.8% during the first quarter. Amundi now owns 41,675,076 shares of the software giant’s stock worth $15,426,862,000 after acquiring an additional 9,814,598 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Microsoft by 64.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 24,264,779 shares of the software giant’s stock valued at $8,982,083,000 after acquiring an additional 9,493,778 shares during the last quarter. Finally, Diamant Asset Management Inc. grew its position in shares of Microsoft by 38,442.1% in the 1st quarter. Diamant Asset Management Inc. now owns 6,810,388 shares of the software giant’s stock valued at $2,521,001,000 after acquiring an additional 6,792,718 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Microsoft News Roundup Here are the key news stories impacting Microsoft this week:

Positive Sentiment: Microsoft expanded its AI relationship with Nvidia and introduced the $2,599 Surface Laptop Ultra, powered by Nvidia’s RTX technology. The device is designed to run AI models and agents locally, potentially strengthening Windows’ role in the emerging “agentic” PC market. Is Microsoft Stock a Buy After Expanding Its Nvidia Partnership? Positive Sentiment: Analysts continue to cite Azure momentum, Copilot demand and Microsoft’s large backlog as evidence that its more than $175 billion AI infrastructure investment could generate sustainable returns. Morgan Stanley reaffirmed a Buy rating with a $600 price target, while other analysts have issued targets as high as $635. Microsoft’s Integrated AI Stack and Enterprise Copilot Flywheel Justify Buy Rating Neutral Sentiment: Microsoft announced that fiscal 2027 first-quarter results will be released after the market closes on October 28. Investors are likely to focus on Azure growth, Copilot adoption, AI capital expenditures, free cash flow and forward guidance. Microsoft Announces Quarterly Earnings Release Date Negative Sentiment: The Labor Department suspended Microsoft from the Permanent Labor Certification program used to help foreign workers obtain U.S. permanent residency, alleging misuse of worker programs. The restriction could raise hiring costs and, over time, make it harder to retain specialized AI talent, although the near-term earnings impact is expected to be limited. U.S. Suspends Microsoft, Adobe From Green-Card Labor Program Negative Sentiment: Investors are increasingly concerned that Microsoft’s valuation is less attractive after its strong run, while heavy AI data-center spending may pressure free cash flow. Reports also questioned the reliability of OpenAI’s annual recurring revenue figures, adding uncertainty around a key AI partner. Oracle, Microsoft Shares Decline as OpenAI’s ARR Is Questioned Negative Sentiment: Italy launched an EU-backed antitrust investigation into Microsoft-owned gaming companies over their use of virtual currencies, creating an additional regulatory overhang for the Xbox business. Italy Launches EU-Backed Probe Into Microsoft-Owned Gaming Companies Insider Transactions at Microsoft In related news, CEO Judson Althoff sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $487.89, for a total value of $4,878,900.00. Following the transaction, the chief executive officer directly owned 100,447 shares in the company, valued at approximately $49,007,086.83. This represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Amy Hood sold 41,674 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $498.27, for a total transaction of $20,764,903.98. Following the transaction, the executive vice president directly owned 533,624 shares in the company, valued at approximately $265,888,830.48. This represents a 7.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 143,009 shares of company stock worth $71,420,699 over the last quarter. 0.03% of the stock is currently owned by corporate insiders. Analyst Upgrades and Downgrades Several research analysts have recently weighed in on MSFT shares. William Blair initiated coverage on shares of Microsoft in a research note on Monday. They set an “outperform” rating on the stock. Evercore upgraded Microsoft from an “underperform” rating to an “outperform” rating in a report on Monday. Piper Sandler boosted their price target on Microsoft from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 30th. CLSA reissued an “outperform” rating on shares of Microsoft in a research report on Thursday, July 30th. Finally, Argus dropped their price objective on Microsoft from $620.00 to $510.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Forty-one investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $578.73.

View Our Latest Stock Report on MSFT

Microsoft Trading Down 1.3% Shares of NASDAQ:MSFT opened at $522.61 on Friday. Microsoft Corporation has a 12-month low of $349.20 and a 12-month high of $553.72. The business has a 50 day moving average of $499.74 and a 200-day moving average of $434.03. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.88 trillion, a PE ratio of 29.10, a P/E/G ratio of 1.70 and a beta of 1.10.

Microsoft (NASDAQ:MSFT – Get Free Report) last announced its earnings results on Wednesday, July 29th. The software giant reported $4.74 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.50. The company had revenue of $90.01 billion for the quarter, compared to analyst estimates of $87.62 billion. Microsoft had a return on equity of 31.98% and a net margin of 40.31%.The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.65 earnings per share. As a group, equities research analysts forecast that Microsoft Corporation will post 19.65 earnings per share for the current year.

Microsoft Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, November 19th. This is a positive change from Microsoft’s previous quarterly dividend of $0.91. Microsoft’s dividend payout ratio (DPR) is 20.27%.

Microsoft Company Profile (Free Report)

Microsoft Corporation is a global technology company that develops software, cloud services, devices, gaming products and business solutions. Founded in 1975 by Bill Gates and Paul Allen, the company is best known for the Windows operating system and Microsoft Office productivity software. Microsoft is headquartered in Redmond, Washington, and serves consumers, businesses, governments and educational institutions worldwide.

Microsoft’s productivity and business offerings include Microsoft 365 applications such as Word, Excel, PowerPoint and Outlook, along with collaboration tools including Teams.

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UNIVEST FINANCIAL Corp raised its stake in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,288 shares of the software giant’s stock after buying an additional 7,239 shares during the quarter. Microsoft makes up approximately 3.4% of UNIVEST FINANCIAL Corp’s investment portfolio, making the stock its 7th largest position. UNIVEST FINANCIAL Corp’s holdings in Microsoft were worth $68,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of MSFT. Frankly Finances LLC acquired a new position in Microsoft in the 2nd quarter valued at about $35,000. Fiduciary Advisors Inc. increased its holdings in shares of Microsoft by 37.4% during the 2nd quarter. Fiduciary Advisors Inc. now owns 125 shares of the software giant’s stock worth $47,000 after buying an additional 34 shares during the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of Microsoft during the 2nd quarter valued at approximately $60,000. Lifetime Wealth Management P.C. acquired a new position in Microsoft in the fourth quarter valued at approximately $101,000. Finally, Glynn Capital Management LLC grew its position in Microsoft by 34.2% in the second quarter. Glynn Capital Management LLC now owns 255 shares of the software giant’s stock worth $95,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft In related news, EVP Takeshi Numoto sold 4,810 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $496.48, for a total transaction of $2,388,068.80. Following the sale, the executive vice president directly owned 42,677 shares of the company’s stock, valued at $21,188,276.96. This represents a 10.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Amy Hood sold 41,674 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $498.27, for a total transaction of $20,764,903.98. Following the sale, the executive vice president owned 533,624 shares in the company, valued at approximately $265,888,830.48. This trade represents a 7.24% decrease in their ownership of the stock. 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. Insiders sold a total of 143,009 shares of company stock worth $71,420,699 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Key Headlines Impacting Microsoft Here are the key news stories impacting Microsoft this week: Positive Sentiment: Microsoft expanded its AI relationship with Nvidia and introduced the $2,599 Surface Laptop Ultra, powered by Nvidia’s RTX technology. The device is designed to run AI models and agents locally, potentially strengthening Windows’ role in the emerging “agentic” PC market. Is Microsoft Stock a Buy After Expanding Its Nvidia Partnership? Positive Sentiment: Analysts continue to cite Azure momentum, Copilot demand and Microsoft’s large backlog as evidence that its more than $175 billion AI infrastructure investment could generate sustainable returns. Morgan Stanley reaffirmed a Buy rating with a $600 price target, while other analysts have issued targets as high as $635. Microsoft’s Integrated AI Stack and Enterprise Copilot Flywheel Justify Buy Rating Neutral Sentiment: Microsoft announced that fiscal 2027 first-quarter results will be released after the market closes on October 28. Investors are likely to focus on Azure growth, Copilot adoption, AI capital expenditures, free cash flow and forward guidance. Microsoft Announces Quarterly Earnings Release Date Negative Sentiment: The Labor Department suspended Microsoft from the Permanent Labor Certification program used to help foreign workers obtain U.S. permanent residency, alleging misuse of worker programs. The restriction could raise hiring costs and, over time, make it harder to retain specialized AI talent, although the near-term earnings impact is expected to be limited. U.S. Suspends Microsoft, Adobe From Green-Card Labor Program Negative Sentiment: Investors are increasingly concerned that Microsoft’s valuation is less attractive after its strong run, while heavy AI data-center spending may pressure free cash flow. Reports also questioned the reliability of OpenAI’s annual recurring revenue figures, adding uncertainty around a key AI partner. Oracle, Microsoft Shares Decline as OpenAI’s ARR Is Questioned Negative Sentiment: Italy launched an EU-backed antitrust investigation into Microsoft-owned gaming companies over their use of virtual currencies, creating an additional regulatory overhang for the Xbox business. Italy Launches EU-Backed Probe Into Microsoft-Owned Gaming Companies Microsoft Trading Down 1.3% Shares of NASDAQ MSFT opened at $522.61 on Friday. Microsoft Corporation has a twelve month low of $349.20 and a twelve month high of $553.72. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $499.74 and a 200-day simple moving average of $434.03. The stock has a market capitalization of $3.88 trillion, a PE ratio of 29.10, a PEG ratio of 1.70 and a beta of 1.10.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its earnings results on Wednesday, July 29th. The software giant reported $4.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.50. Microsoft had a return on equity of 31.98% and a net margin of 40.31%.The firm had revenue of $90.01 billion for the quarter, compared to analyst estimates of $87.62 billion. During the same quarter in the prior year, the company earned $3.65 EPS. Microsoft’s revenue was up 17.7% on a year-over-year basis. On average, equities analysts forecast that Microsoft Corporation will post 19.65 earnings per share for the current year.

Microsoft Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 0.8%. This is a boost from Microsoft’s previous quarterly dividend of $0.91. The ex-dividend date is Thursday, November 19th. Microsoft’s payout ratio is currently 20.27%.

Wall Street Analyst Weigh In Several equities research analysts have issued reports on the company. Mizuho cut their target price on Microsoft from $515.00 to $490.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. William Blair began coverage on Microsoft in a report on Monday. They set an “outperform” rating for the company. Stifel Nicolaus upgraded Microsoft from a “hold” rating to a “buy” rating and increased their price target for the stock from $530.00 to $575.00 in a report on Tuesday, September 22nd. Guggenheim reissued a “buy” rating and set a $586.00 price objective on shares of Microsoft in a research report on Monday, July 27th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $640.00 price objective on shares of Microsoft in a report on Thursday, July 30th. Forty-one investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $578.73.

View Our Latest Stock Report on MSFT

Microsoft Company Profile (Free Report)

Microsoft Corporation is a global technology company that develops software, cloud services, devices, gaming products and business solutions. Founded in 1975 by Bill Gates and Paul Allen, the company is best known for the Windows operating system and Microsoft Office productivity software. Microsoft is headquartered in Redmond, Washington, and serves consumers, businesses, governments and educational institutions worldwide.

Microsoft’s productivity and business offerings include Microsoft 365 applications such as Word, Excel, PowerPoint and Outlook, along with collaboration tools including Teams.

Featured Stories Five stocks we like better than Microsoft Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.

Meeder Advisory Services Inc. lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,135 shares of the software giant’s stock after purchasing an additional 7,479 shares during the quarter. Microsoft makes up about 2.3% of Meeder Advisory Services Inc.’s holdings, making the stock its 7th biggest position. Meeder Advisory Services Inc.’s holdings in Microsoft were worth $63,091,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MSFT. Harborfront Financial Group LLC bought a new stake in Microsoft in the second quarter worth $328,000. Meeder Asset Management Inc. raised its holdings in Microsoft by 5.2% during the second quarter. Meeder Asset Management Inc. now owns 273,833 shares of the software giant’s stock valued at $102,145,000 after buying an additional 13,583 shares in the last quarter. Pension & Wealth Management Advisors Inc. raised its holdings in Microsoft by 4.3% during the second quarter. Pension & Wealth Management Advisors Inc. now owns 6,814 shares of the software giant’s stock valued at $2,542,000 after buying an additional 278 shares in the last quarter. Graney & King LLC lifted its position in shares of Microsoft by 2.0% in the second quarter. Graney & King LLC now owns 1,870 shares of the software giant’s stock worth $698,000 after buying an additional 37 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of Microsoft by 1.8% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 600,539 shares of the software giant’s stock worth $224,013,000 after acquiring an additional 10,905 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

More Microsoft News Here are the key news stories impacting Microsoft this week:

Positive Sentiment: Microsoft expanded its AI relationship with Nvidia and introduced the $2,599 Surface Laptop Ultra, powered by Nvidia’s RTX technology. The device is designed to run AI models and agents locally, potentially strengthening Windows’ role in the emerging “agentic” PC market. Is Microsoft Stock a Buy After Expanding Its Nvidia Partnership? Positive Sentiment: Analysts continue to cite Azure momentum, Copilot demand and Microsoft’s large backlog as evidence that its more than $175 billion AI infrastructure investment could generate sustainable returns. Morgan Stanley reaffirmed a Buy rating with a $600 price target, while other analysts have issued targets as high as $635. Microsoft’s Integrated AI Stack and Enterprise Copilot Flywheel Justify Buy Rating Neutral Sentiment: Microsoft announced that fiscal 2027 first-quarter results will be released after the market closes on October 28. Investors are likely to focus on Azure growth, Copilot adoption, AI capital expenditures, free cash flow and forward guidance. Microsoft Announces Quarterly Earnings Release Date Negative Sentiment: The Labor Department suspended Microsoft from the Permanent Labor Certification program used to help foreign workers obtain U.S. permanent residency, alleging misuse of worker programs. The restriction could raise hiring costs and, over time, make it harder to retain specialized AI talent, although the near-term earnings impact is expected to be limited. U.S. Suspends Microsoft, Adobe From Green-Card Labor Program Negative Sentiment: Investors are increasingly concerned that Microsoft’s valuation is less attractive after its strong run, while heavy AI data-center spending may pressure free cash flow. Reports also questioned the reliability of OpenAI’s annual recurring revenue figures, adding uncertainty around a key AI partner. Oracle, Microsoft Shares Decline as OpenAI’s ARR Is Questioned Negative Sentiment: Italy launched an EU-backed antitrust investigation into Microsoft-owned gaming companies over their use of virtual currencies, creating an additional regulatory overhang for the Xbox business. Italy Launches EU-Backed Probe Into Microsoft-Owned Gaming Companies Microsoft Stock Performance MSFT opened at $522.61 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average price is $499.74 and its two-hundred day moving average price is $434.03. The firm has a market capitalization of $3.88 trillion, a P/E ratio of 29.10, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. Microsoft Corporation has a 12-month low of $349.20 and a 12-month high of $553.72. Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The software giant reported $4.74 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.50. Microsoft had a return on equity of 31.98% and a net margin of 40.31%.The company had revenue of $90.01 billion during the quarter, compared to analyst estimates of $87.62 billion. During the same period in the previous year, the company earned $3.65 earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities analysts forecast that Microsoft Corporation will post 19.65 earnings per share for the current year.

Microsoft Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, November 19th. This is an increase from Microsoft’s previous quarterly dividend of $0.91. Microsoft’s dividend payout ratio is currently 20.27%.

Analysts Set New Price Targets A number of research analysts have recently commented on MSFT shares. Benchmark reissued a “buy” rating on shares of Microsoft in a report on Friday, July 24th. William Blair assumed coverage on Microsoft in a research report on Monday. They set an “outperform” rating for the company. Evercore upgraded Microsoft from an “underperform” rating to an “outperform” rating in a report on Monday. Raymond James Financial lowered shares of Microsoft from a “moderate buy” rating to a “strong sell” rating in a research report on Wednesday, September 23rd. Finally, Tigress Financial boosted their price objective on shares of Microsoft from $680.00 to $690.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Forty-one analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $578.73.

Read Our Latest Research Report on Microsoft

Insider Activity at Microsoft In other Microsoft news, CEO Satya Nadella sold 86,525 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $501.46, for a total value of $43,388,826.50. Following the completion of the sale, the chief executive officer directly owned 486,763 shares of the company’s stock, valued at $244,092,173.98. This represents a 15.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Judson Althoff sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $487.89, for a total transaction of $4,878,900.00. Following the completion of the sale, the chief executive officer owned 100,447 shares in the company, valued at $49,007,086.83. This represents a 9.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 143,009 shares of company stock valued at $71,420,699 in the last 90 days. 0.03% of the stock is owned by company insiders.

About Microsoft (Free Report)

Microsoft Corporation is a global technology company that develops software, cloud services, devices, gaming products and business solutions. Founded in 1975 by Bill Gates and Paul Allen, the company is best known for the Windows operating system and Microsoft Office productivity software. Microsoft is headquartered in Redmond, Washington, and serves consumers, businesses, governments and educational institutions worldwide.

Microsoft’s productivity and business offerings include Microsoft 365 applications such as Word, Excel, PowerPoint and Outlook, along with collaboration tools including Teams.

See Also Five stocks we like better than Microsoft Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.

Occidental Asset Management LLC increased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 43.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,268 shares of the software giant’s stock after purchasing an additional 25,650 shares during the period. Microsoft makes up 3.2% of Occidental Asset Management LLC’s holdings, making the stock its 5th biggest position. Occidental Asset Management LLC’s holdings in Microsoft were worth $31,807,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Auto Owners Insurance Co lifted its holdings in Microsoft by 56,160.8% in the fourth quarter. Auto Owners Insurance Co now owns 60,116,384 shares of the software giant’s stock valued at $29,073,486,000 after acquiring an additional 60,009,531 shares during the period. Amundi increased its holdings in shares of Microsoft by 30.8% during the 1st quarter. Amundi now owns 41,675,076 shares of the software giant’s stock valued at $15,426,862,000 after purchasing an additional 9,814,598 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Microsoft by 10.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 29,323,744 shares of the software giant’s stock valued at $10,852,884,000 after purchasing an additional 2,784,809 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Microsoft by 64.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 24,264,779 shares of the software giant’s stock valued at $8,982,083,000 after purchasing an additional 9,493,778 shares during the period. Finally, Hsbc Holdings PLC grew its position in Microsoft by 7.8% during the fourth quarter. Hsbc Holdings PLC now owns 22,138,798 shares of the software giant’s stock valued at $10,715,379,000 after buying an additional 1,599,412 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Microsoft Here are the key news stories impacting Microsoft this week:

Positive Sentiment: Microsoft expanded its AI relationship with Nvidia and introduced the $2,599 Surface Laptop Ultra, powered by Nvidia’s RTX technology. The device is designed to run AI models and agents locally, potentially strengthening Windows’ role in the emerging “agentic” PC market. Is Microsoft Stock a Buy After Expanding Its Nvidia Partnership? Positive Sentiment: Analysts continue to cite Azure momentum, Copilot demand and Microsoft’s large backlog as evidence that its more than $175 billion AI infrastructure investment could generate sustainable returns. Morgan Stanley reaffirmed a Buy rating with a $600 price target, while other analysts have issued targets as high as $635. Microsoft’s Integrated AI Stack and Enterprise Copilot Flywheel Justify Buy Rating Neutral Sentiment: Microsoft announced that fiscal 2027 first-quarter results will be released after the market closes on October 28. Investors are likely to focus on Azure growth, Copilot adoption, AI capital expenditures, free cash flow and forward guidance. Microsoft Announces Quarterly Earnings Release Date Negative Sentiment: The Labor Department suspended Microsoft from the Permanent Labor Certification program used to help foreign workers obtain U.S. permanent residency, alleging misuse of worker programs. The restriction could raise hiring costs and, over time, make it harder to retain specialized AI talent, although the near-term earnings impact is expected to be limited. U.S. Suspends Microsoft, Adobe From Green-Card Labor Program Negative Sentiment: Investors are increasingly concerned that Microsoft’s valuation is less attractive after its strong run, while heavy AI data-center spending may pressure free cash flow. Reports also questioned the reliability of OpenAI’s annual recurring revenue figures, adding uncertainty around a key AI partner. Oracle, Microsoft Shares Decline as OpenAI’s ARR Is Questioned Negative Sentiment: Italy launched an EU-backed antitrust investigation into Microsoft-owned gaming companies over their use of virtual currencies, creating an additional regulatory overhang for the Xbox business. Italy Launches EU-Backed Probe Into Microsoft-Owned Gaming Companies Analyst Ratings Changes A number of brokerages have weighed in on MSFT. BMO Capital Markets began coverage on shares of Microsoft in a research report on Monday. They issued an “outperform” rating for the company. Oppenheimer lifted their price target on Microsoft from $515.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday, September 22nd. Benchmark reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, July 24th. DA Davidson reiterated a “buy” rating and set a $550.00 price target on shares of Microsoft in a research report on Thursday, July 30th. Finally, Needham & Company LLC began coverage on Microsoft in a report on Wednesday, September 23rd. They issued a “buy” rating on the stock. Forty-one equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $578.73. Read Our Latest Stock Report on MSFT

Microsoft Stock Performance Shares of NASDAQ:MSFT opened at $522.61 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.23 and a quick ratio of 1.22. Microsoft Corporation has a 1 year low of $349.20 and a 1 year high of $553.72. The firm has a market capitalization of $3.88 trillion, a PE ratio of 29.10, a P/E/G ratio of 1.70 and a beta of 1.10. The business’s 50 day moving average price is $499.74 and its 200-day moving average price is $434.03.

Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The software giant reported $4.74 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.50. Microsoft had a return on equity of 31.98% and a net margin of 40.31%.The company had revenue of $90.01 billion for the quarter, compared to analyst estimates of $87.62 billion. During the same quarter last year, the firm posted $3.65 EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, equities research analysts expect that Microsoft Corporation will post 19.65 earnings per share for the current fiscal year.

Microsoft Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a $0.98 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.91. This represents a $3.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 19th. Microsoft’s payout ratio is 20.27%.

Insider Buying and Selling at Microsoft In related news, CEO Satya Nadella sold 86,525 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $501.46, for a total transaction of $43,388,826.50. Following the transaction, the chief executive officer directly owned 486,763 shares in the company, valued at approximately $244,092,173.98. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Takeshi Numoto sold 4,810 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $496.48, for a total transaction of $2,388,068.80. Following the completion of the sale, the executive vice president owned 42,677 shares of the company’s stock, valued at approximately $21,188,276.96. The trade was a 10.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 143,009 shares of company stock valued at $71,420,699. Insiders own 0.03% of the company’s stock.

About Microsoft (Free Report)

Microsoft Corporation is a global technology company that develops software, cloud services, devices, gaming products and business solutions. Founded in 1975 by Bill Gates and Paul Allen, the company is best known for the Windows operating system and Microsoft Office productivity software. Microsoft is headquartered in Redmond, Washington, and serves consumers, businesses, governments and educational institutions worldwide.

Microsoft’s productivity and business offerings include Microsoft 365 applications such as Word, Excel, PowerPoint and Outlook, along with collaboration tools including Teams.

Read More Five stocks we like better than Microsoft Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.

Aegis Wealth Management LLC bought a new position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,422 shares of the software giant’s stock, valued at approximately $1,276,000. Microsoft comprises approximately 0.6% of Aegis Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding.

A number of other large investors also recently bought and sold shares of the stock. UNIVEST FINANCIAL Corp raised its position in Microsoft by 4.1% in the second quarter. UNIVEST FINANCIAL Corp now owns 183,288 shares of the software giant’s stock valued at $68,370,000 after purchasing an additional 7,239 shares during the period. K.J. Harrison & Partners Inc lifted its stake in Microsoft by 25.2% during the 2nd quarter. K.J. Harrison & Partners Inc now owns 42,540 shares of the software giant’s stock worth $15,868,000 after acquiring an additional 8,569 shares in the last quarter. Lee Johnson Capital Management LLC boosted its holdings in Microsoft by 3.8% during the 2nd quarter. Lee Johnson Capital Management LLC now owns 687 shares of the software giant’s stock valued at $256,000 after acquiring an additional 25 shares during the period. Auxano Advisors LLC grew its position in Microsoft by 13.1% in the 2nd quarter. Auxano Advisors LLC now owns 131,823 shares of the software giant’s stock valued at $49,173,000 after acquiring an additional 15,275 shares in the last quarter. Finally, Argyle Capital Partners LLC grew its position in Microsoft by 6.4% in the 2nd quarter. Argyle Capital Partners LLC now owns 11,456 shares of the software giant’s stock valued at $4,273,000 after acquiring an additional 690 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Down 1.3% Microsoft stock opened at $522.61 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.23 and a quick ratio of 1.22. Microsoft Corporation has a 1-year low of $349.20 and a 1-year high of $553.72. The company has a market cap of $3.88 trillion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. The stock’s 50 day moving average price is $499.74 and its 200 day moving average price is $434.03.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The software giant reported $4.74 EPS for the quarter, beating the consensus estimate of $4.24 by $0.50. Microsoft had a net margin of 40.31% and a return on equity of 31.98%. The business had revenue of $90.01 billion for the quarter, compared to analyst estimates of $87.62 billion. During the same period in the prior year, the business earned $3.65 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. On average, sell-side analysts predict that Microsoft Corporation will post 19.65 EPS for the current fiscal year. Microsoft Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 19th. This is an increase from Microsoft’s previous quarterly dividend of $0.91. Microsoft’s dividend payout ratio (DPR) is 20.27%.

Insider Activity In other Microsoft news, CEO Satya Nadella sold 86,525 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $501.46, for a total transaction of $43,388,826.50. Following the sale, the chief executive officer owned 486,763 shares in the company, valued at $244,092,173.98. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Judson Althoff sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $487.89, for a total transaction of $4,878,900.00. Following the completion of the transaction, the chief executive officer owned 100,447 shares in the company, valued at approximately $49,007,086.83. The trade was a 9.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 143,009 shares of company stock valued at $71,420,699. 0.03% of the stock is currently owned by company insiders.

Key Microsoft News Here are the key news stories impacting Microsoft this week:

Positive Sentiment: Microsoft expanded its AI relationship with Nvidia and introduced the $2,599 Surface Laptop Ultra, powered by Nvidia’s RTX technology. The device is designed to run AI models and agents locally, potentially strengthening Windows’ role in the emerging “agentic” PC market. Is Microsoft Stock a Buy After Expanding Its Nvidia Partnership? Positive Sentiment: Analysts continue to cite Azure momentum, Copilot demand and Microsoft’s large backlog as evidence that its more than $175 billion AI infrastructure investment could generate sustainable returns. Morgan Stanley reaffirmed a Buy rating with a $600 price target, while other analysts have issued targets as high as $635. Microsoft’s Integrated AI Stack and Enterprise Copilot Flywheel Justify Buy Rating Neutral Sentiment: Microsoft announced that fiscal 2027 first-quarter results will be released after the market closes on October 28. Investors are likely to focus on Azure growth, Copilot adoption, AI capital expenditures, free cash flow and forward guidance. Microsoft Announces Quarterly Earnings Release Date Negative Sentiment: The Labor Department suspended Microsoft from the Permanent Labor Certification program used to help foreign workers obtain U.S. permanent residency, alleging misuse of worker programs. The restriction could raise hiring costs and, over time, make it harder to retain specialized AI talent, although the near-term earnings impact is expected to be limited. U.S. Suspends Microsoft, Adobe From Green-Card Labor Program Negative Sentiment: Investors are increasingly concerned that Microsoft’s valuation is less attractive after its strong run, while heavy AI data-center spending may pressure free cash flow. Reports also questioned the reliability of OpenAI’s annual recurring revenue figures, adding uncertainty around a key AI partner. Oracle, Microsoft Shares Decline as OpenAI’s ARR Is Questioned Negative Sentiment: Italy launched an EU-backed antitrust investigation into Microsoft-owned gaming companies over their use of virtual currencies, creating an additional regulatory overhang for the Xbox business. Italy Launches EU-Backed Probe Into Microsoft-Owned Gaming Companies Analyst Upgrades and Downgrades MSFT has been the subject of several recent research reports. UBS Group lowered shares of Microsoft from a “buy” rating to a “market perform” rating in a research note on Monday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Microsoft in a research note on Thursday, September 10th. Needham & Company LLC started coverage on shares of Microsoft in a report on Wednesday, September 23rd. They set a “buy” rating for the company. Bank of America increased their price objective on shares of Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. Finally, Stifel Nicolaus upgraded Microsoft from a “hold” rating to a “buy” rating and increased their price objective for the company from $530.00 to $575.00 in a report on Tuesday, September 22nd. Forty-one analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $578.73.

Read Our Latest Stock Report on MSFT

About Microsoft (Free Report)

Microsoft Corporation is a global technology company that develops software, cloud services, devices, gaming products and business solutions. Founded in 1975 by Bill Gates and Paul Allen, the company is best known for the Windows operating system and Microsoft Office productivity software. Microsoft is headquartered in Redmond, Washington, and serves consumers, businesses, governments and educational institutions worldwide.

Microsoft’s productivity and business offerings include Microsoft 365 applications such as Word, Excel, PowerPoint and Outlook, along with collaboration tools including Teams.

Recommended Stories Five stocks we like better than Microsoft Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).

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Polymer Capital Management HK LTD trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 25.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 321,441 shares of the computer hardware maker’s stock after selling 109,679 shares during the period. NVIDIA comprises 3.3% of Polymer Capital Management HK LTD’s holdings, making the stock its 3rd biggest holding. Polymer Capital Management HK LTD’s holdings in NVIDIA were worth $64,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of NVIDIA by 2.1% during the 1st quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker’s stock worth $33,345,453,000 after acquiring an additional 4,019,505 shares during the last quarter. Invesco Ltd. grew its position in NVIDIA by 0.3% in the 4th quarter. Invesco Ltd. now owns 143,239,504 shares of the computer hardware maker’s stock valued at $26,714,167,000 after acquiring an additional 446,178 shares during the last quarter. J. Stern & Co. LLP increased its stake in NVIDIA by 13,709.1% in the fourth quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker’s stock worth $23,454,297,000 after purchasing an additional 124,849,603 shares during the period. Amundi increased its stake in NVIDIA by 10.4% in the first quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock worth $23,329,141,000 after purchasing an additional 12,575,177 shares during the period. Finally, Deutsche Bank AG increased its stake in NVIDIA by 2.3% in the second quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker’s stock worth $18,399,108,000 after purchasing an additional 2,045,101 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance Shares of NVDA opened at $230.48 on Friday. The company has a 50 day moving average price of $222.09 and a 200-day moving average price of $209.29. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. The stock has a market capitalization of $5.55 trillion, a PE ratio of 29.14, a PEG ratio of 1.83 and a beta of 2.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. NVIDIA’s revenue was up 105.9% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. Equities analysts predict that NVIDIA Corporation will post 9.25 earnings per share for the current fiscal year. NVIDIA Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued a $0.25 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. NVIDIA’s dividend payout ratio (DPR) is currently 12.64%.

NVIDIA declared that its Board of Directors has initiated a share repurchase program on Monday, September 28th that permits the company to repurchase $150.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades A number of brokerages have recently issued reports on NVDA. Wall Street Zen lowered shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th. Royal Bank Of Canada raised their price target on shares of NVIDIA from $300.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Oppenheimer set a $315.00 price objective on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday, August 27th. KeyCorp reissued an “overweight” rating and issued a $330.00 price objective on shares of NVIDIA in a research report on Monday, August 24th. Finally, KGI Securities upped their target price on shares of NVIDIA from $335.00 to $345.00 in a research note on Thursday, August 27th. Five analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $321.89.

View Our Latest Analysis on NVDA

NVIDIA News Roundup Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: SpaceX is reportedly seeking approximately $40 billion in debt financing to purchase NVIDIA GPUs, potentially creating a major future order and reinforcing demand for the company’s data-center products. Apollo, banks in talks to finance SpaceX’s $40 billion Nvidia GPU purchase Positive Sentiment: TSMC reported record quarterly revenue of roughly $46.7 billion, up 50% year over year, indicating that demand for advanced AI processors—including NVIDIA’s products—remains robust. Nvidia and AMD fuel a $46.7B TSMC quarter Positive Sentiment: NVIDIA committed $1 billion over five years to U.S. science initiatives spanning artificial intelligence, quantum computing, healthcare and energy security. The investment may strengthen government relationships and expand long-term technology adoption. NVIDIA Commits $1 Billion to Advance US Science Positive Sentiment: BNP Paribas Exane upgraded NVIDIA to “strong buy,” while Microsoft and PC manufacturers unveiled systems using NVIDIA’s RTX Spark chips, supporting expansion into local and personal AI computing. NVIDIA Stock Lifted to Strong-Buy Neutral Sentiment: A large options trade reportedly bets on additional upside, but the signal is speculative and does not change NVIDIA’s underlying earnings outlook. Nvidia Stock Slips. A Big Options Trade Signals Where It Might Go Next Negative Sentiment: OpenAI’s reported annualized revenue of about $50 billion was below a previously circulated $68 billion figure, prompting a selloff across AI stocks and raising questions about the pace of AI monetization. Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report Negative Sentiment: Firmus, an NVIDIA-backed cloud-computing company, abandoned plans for a major Australian IPO, citing market conditions. The failed offering highlights tightening investor appetite for AI infrastructure financing. NVIDIA’s proposed $20 billion Groq transaction also faces a Delaware lawsuit alleging improper deal structuring, adding legal risk. Nvidia-Backed Firmus Scraps Australian IPO Insider Transactions at NVIDIA In related news, CFO Colette Kress sold 34,918 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the sale, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. This represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the firm’s 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 in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,766,118 shares of company stock valued at $399,450,353. Corporate insiders own 3.94% of the company’s stock.

NVIDIA Profile (Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company’s products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

See Also Five stocks we like better than NVIDIA Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).

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Mission Financial Group LLC bought a new position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 9,441 shares of the computer hardware maker’s stock, valued at approximately $1,889,000. NVIDIA makes up approximately 1.6% of Mission Financial Group LLC’s investment portfolio, making the stock its 15th biggest position.

A number of other large investors have also made changes to their positions in NVDA. Lifetime Wealth Management P.C. purchased a new stake in NVIDIA in the 4th quarter valued at $26,000. Longview Financial Advisors Inc. purchased a new position in shares of NVIDIA during the 1st quarter worth $27,000. Langley Wealth Management LLC acquired a new position in shares of NVIDIA during the 2nd quarter valued at about $34,000. Phillip James Consulting Co. acquired a new position in shares of NVIDIA during the 1st quarter valued at about $40,000. Finally, Bard Associates Inc. grew its holdings in shares of NVIDIA by 8,866.7% in the second quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock valued at $54,000 after purchasing an additional 266 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA In other NVIDIA news, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares of the company’s stock, valued at $598,810,648. The trade was a 1.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the sale, the chief financial officer owned 765,103 shares in the company, valued at $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is currently owned by company insiders.

Key NVIDIA News Here are the key news stories impacting NVIDIA this week: Positive Sentiment: SpaceX is reportedly seeking approximately $40 billion in debt financing to purchase NVIDIA GPUs, potentially creating a major future order and reinforcing demand for the company’s data-center products. Apollo, banks in talks to finance SpaceX’s $40 billion Nvidia GPU purchase Positive Sentiment: TSMC reported record quarterly revenue of roughly $46.7 billion, up 50% year over year, indicating that demand for advanced AI processors—including NVIDIA’s products—remains robust. Nvidia and AMD fuel a $46.7B TSMC quarter Positive Sentiment: NVIDIA committed $1 billion over five years to U.S. science initiatives spanning artificial intelligence, quantum computing, healthcare and energy security. The investment may strengthen government relationships and expand long-term technology adoption. NVIDIA Commits $1 Billion to Advance US Science Positive Sentiment: BNP Paribas Exane upgraded NVIDIA to “strong buy,” while Microsoft and PC manufacturers unveiled systems using NVIDIA’s RTX Spark chips, supporting expansion into local and personal AI computing. NVIDIA Stock Lifted to Strong-Buy Neutral Sentiment: A large options trade reportedly bets on additional upside, but the signal is speculative and does not change NVIDIA’s underlying earnings outlook. Nvidia Stock Slips. A Big Options Trade Signals Where It Might Go Next Negative Sentiment: OpenAI’s reported annualized revenue of about $50 billion was below a previously circulated $68 billion figure, prompting a selloff across AI stocks and raising questions about the pace of AI monetization. Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report Negative Sentiment: Firmus, an NVIDIA-backed cloud-computing company, abandoned plans for a major Australian IPO, citing market conditions. The failed offering highlights tightening investor appetite for AI infrastructure financing. NVIDIA’s proposed $20 billion Groq transaction also faces a Delaware lawsuit alleging improper deal structuring, adding legal risk. Nvidia-Backed Firmus Scraps Australian IPO Analysts Set New Price Targets NVDA has been the subject of several recent analyst reports. TD Cowen restated a “buy” rating on shares of NVIDIA in a research report on Tuesday, August 18th. Piper Sandler started coverage on shares of NVIDIA in a report on Wednesday, September 9th. They issued an “overweight” rating and a $300.00 target price on the stock. Benchmark reissued a “buy” rating and issued a $335.00 price target on shares of NVIDIA in a research note on Thursday, August 27th. DZ Bank restated a “buy” rating on shares of NVIDIA in a report on Wednesday, August 26th. Finally, UBS Group set a $300.00 price target on shares of NVIDIA and gave the company a “buy” rating in a research report on Thursday, August 27th. Five analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has assigned 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 $321.89.

View Our Latest Stock Report on NVDA

NVIDIA Price Performance Shares of NVDA opened at $230.48 on Friday. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37. The stock has a market cap of $5.55 trillion, a PE ratio of 29.14, a P/E/G ratio of 1.83 and a beta of 2.22. The firm has a 50-day simple moving average of $222.09 and a two-hundred day simple moving average of $209.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business’s revenue for the quarter was up 105.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 EPS. As a group, analysts forecast that NVIDIA Corporation will post 9.25 EPS for the current year.

NVIDIA announced that its Board of Directors has authorized a stock repurchase program on Monday, September 28th that allows the company to buyback $150.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, September 10th. NVIDIA’s dividend payout ratio is 12.64%.

NVIDIA Profile (Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company’s products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

See Also Five stocks we like better than NVIDIA Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).

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Infrastructure Capital Advisors LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 45.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,806 shares of the computer hardware maker’s stock after acquiring an additional 6,807 shares during the period. Infrastructure Capital Advisors LLC’s holdings in NVIDIA were worth $4,363,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fogel Capital Management Inc. lifted its holdings in shares of NVIDIA by 82.0% in the 2nd quarter. Fogel Capital Management Inc. now owns 19,221 shares of the computer hardware maker’s stock worth $3,846,000 after acquiring an additional 8,662 shares during the last quarter. Castlefield Investment Partners LLP grew its holdings in NVIDIA by 2.1% during the 2nd quarter. Castlefield Investment Partners LLP now owns 62,102 shares of the computer hardware maker’s stock valued at $12,426,000 after purchasing an additional 1,290 shares during the last quarter. Blue Whale Capital LLP raised its position in NVIDIA by 3.0% in the 2nd quarter. Blue Whale Capital LLP now owns 1,624,430 shares of the computer hardware maker’s stock worth $325,032,000 after purchasing an additional 47,606 shares during the period. Covington Investment Advisors Inc. raised its position in NVIDIA by 2.1% in the 2nd quarter. Covington Investment Advisors Inc. now owns 163,112 shares of the computer hardware maker’s stock worth $32,637,000 after purchasing an additional 3,413 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in NVIDIA by 59.9% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,575,211 shares of the computer hardware maker’s stock worth $315,184,000 after purchasing an additional 589,925 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling In other NVIDIA news, Director Mark Stevens sold 622,239 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of the sale, the director owned 2,336,531 shares in the company, valued at $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 34,918 shares of the 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 sale, 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,766,118 shares of company stock valued at $399,450,353 over the last 90 days. Corporate insiders own 3.94% of the company’s stock.

Wall Street Analyst Weigh In Several research analysts have issued reports on the company. BMO Capital Markets set a $340.00 target price on NVIDIA and gave the company an “outperform” rating in a research report on Thursday, August 20th. DA Davidson reiterated a “buy” rating and issued a $300.00 price target on shares of NVIDIA in a report on Thursday, August 27th. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price target on shares of NVIDIA in a research note on Thursday, October 1st. Melius Research set a $420.00 target price on NVIDIA in a research note on Thursday, August 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NVIDIA in a research report on Friday, October 2nd. Five equities research 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $321.89. Read Our Latest Stock Analysis on NVIDIA

NVIDIA Stock Down 2.9% NASDAQ:NVDA opened at $230.48 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $243.37. The company has a 50-day moving average of $222.09 and a 200 day moving average of $209.29. The firm has a market cap of $5.55 trillion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.83 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its 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. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same quarter last year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 105.9% on a year-over-year basis. As a group, research analysts anticipate that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA announced that its board has approved a stock buyback plan on Monday, September 28th that permits the company to buyback $150.00 billion in shares. This buyback authorization permits the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

NVIDIA Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. NVIDIA’s payout ratio is 12.64%.

NVIDIA News Summary Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: SpaceX is reportedly seeking approximately $40 billion in debt financing to purchase NVIDIA GPUs, potentially creating a major future order and reinforcing demand for the company’s data-center products. Apollo, banks in talks to finance SpaceX’s $40 billion Nvidia GPU purchase Positive Sentiment: TSMC reported record quarterly revenue of roughly $46.7 billion, up 50% year over year, indicating that demand for advanced AI processors—including NVIDIA’s products—remains robust. Nvidia and AMD fuel a $46.7B TSMC quarter Positive Sentiment: NVIDIA committed $1 billion over five years to U.S. science initiatives spanning artificial intelligence, quantum computing, healthcare and energy security. The investment may strengthen government relationships and expand long-term technology adoption. NVIDIA Commits $1 Billion to Advance US Science Positive Sentiment: BNP Paribas Exane upgraded NVIDIA to “strong buy,” while Microsoft and PC manufacturers unveiled systems using NVIDIA’s RTX Spark chips, supporting expansion into local and personal AI computing. NVIDIA Stock Lifted to Strong-Buy Neutral Sentiment: A large options trade reportedly bets on additional upside, but the signal is speculative and does not change NVIDIA’s underlying earnings outlook. Nvidia Stock Slips. A Big Options Trade Signals Where It Might Go Next Negative Sentiment: OpenAI’s reported annualized revenue of about $50 billion was below a previously circulated $68 billion figure, prompting a selloff across AI stocks and raising questions about the pace of AI monetization. Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report Negative Sentiment: Firmus, an NVIDIA-backed cloud-computing company, abandoned plans for a major Australian IPO, citing market conditions. The failed offering highlights tightening investor appetite for AI infrastructure financing. NVIDIA’s proposed $20 billion Groq transaction also faces a Delaware lawsuit alleging improper deal structuring, adding legal risk. Nvidia-Backed Firmus Scraps Australian IPO NVIDIA Company Profile (Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company’s products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

Read More Five stocks we like better than NVIDIA Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).

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Allstate Corp lessened its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 17.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,104,410 shares of the computer hardware maker’s stock after selling 237,507 shares during the period. NVIDIA accounts for approximately 2.2% of Allstate Corp’s portfolio, making the stock its 7th largest position. Allstate Corp’s holdings in NVIDIA were worth $220,981,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Boyd Wealth Management LLC boosted its stake in NVIDIA by 273.4% during the 2nd quarter. Boyd Wealth Management LLC now owns 9,145 shares of the computer hardware maker’s stock worth $1,830,000 after purchasing an additional 6,696 shares during the period. Altshuler Shaham Ltd grew its holdings in shares of NVIDIA by 6,451.9% during the first quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker’s stock worth $111,134,000 after buying an additional 627,510 shares during the last quarter. Storen Legacy Partners LLC purchased a new position in shares of NVIDIA during the fourth quarter worth about $1,350,000. Baker Tilly Wealth Management LLC increased its position in NVIDIA by 7.4% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 71,898 shares of the computer hardware maker’s stock valued at $14,386,000 after acquiring an additional 4,958 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in NVIDIA by 3.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,652,420 shares of the computer hardware maker’s stock valued at $4,970,704,000 after acquiring an additional 936,506 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity In other news, EVP Timothy Teter sold 30,460 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares of the company’s stock, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the sale, the director directly owned 2,336,531 shares of the company’s stock, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,766,118 shares of company stock valued at $399,450,353. Company insiders own 3.94% of the company’s stock.

NVIDIA Stock Down 2.9% NVIDIA stock opened at $230.48 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. The stock’s fifty day moving average is $222.09 and its two-hundred day moving average is $209.29. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. The firm has a market capitalization of $5.55 trillion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 1.83 and a beta of 2.22. NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm’s quarterly revenue was up 105.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. Analysts predict that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA announced that its board has initiated a stock buyback program on Monday, September 28th that permits the company to buyback $150.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

NVIDIA Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. NVIDIA’s dividend payout ratio is presently 12.64%.

Wall Street Analysts Forecast Growth NVDA has been the subject of a number of recent research reports. UBS Group set a $300.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Thursday, August 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of NVIDIA in a research report on Thursday, September 10th. China Renaissance boosted their price objective on shares of NVIDIA from $319.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Melius Research set a $420.00 price objective on shares of NVIDIA in a research report on Thursday, August 27th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, August 26th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Buy” and an average target price of $321.89.

Read Our Latest Analysis on NVIDIA

NVIDIA News Summary Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: SpaceX is reportedly seeking approximately $40 billion in debt financing to purchase NVIDIA GPUs, potentially creating a major future order and reinforcing demand for the company’s data-center products. Apollo, banks in talks to finance SpaceX’s $40 billion Nvidia GPU purchase Positive Sentiment: TSMC reported record quarterly revenue of roughly $46.7 billion, up 50% year over year, indicating that demand for advanced AI processors—including NVIDIA’s products—remains robust. Nvidia and AMD fuel a $46.7B TSMC quarter Positive Sentiment: NVIDIA committed $1 billion over five years to U.S. science initiatives spanning artificial intelligence, quantum computing, healthcare and energy security. The investment may strengthen government relationships and expand long-term technology adoption. NVIDIA Commits $1 Billion to Advance US Science Positive Sentiment: BNP Paribas Exane upgraded NVIDIA to “strong buy,” while Microsoft and PC manufacturers unveiled systems using NVIDIA’s RTX Spark chips, supporting expansion into local and personal AI computing. NVIDIA Stock Lifted to Strong-Buy Neutral Sentiment: A large options trade reportedly bets on additional upside, but the signal is speculative and does not change NVIDIA’s underlying earnings outlook. Nvidia Stock Slips. A Big Options Trade Signals Where It Might Go Next Negative Sentiment: OpenAI’s reported annualized revenue of about $50 billion was below a previously circulated $68 billion figure, prompting a selloff across AI stocks and raising questions about the pace of AI monetization. Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report Negative Sentiment: Firmus, an NVIDIA-backed cloud-computing company, abandoned plans for a major Australian IPO, citing market conditions. The failed offering highlights tightening investor appetite for AI infrastructure financing. NVIDIA’s proposed $20 billion Groq transaction also faces a Delaware lawsuit alleging improper deal structuring, adding legal risk. Nvidia-Backed Firmus Scraps Australian IPO NVIDIA Company Profile (Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company’s products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

See Also Five stocks we like better than NVIDIA Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).

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Panview Capital Ltd reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 8.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 257,697 shares of the computer hardware maker’s stock after selling 22,303 shares during the quarter. NVIDIA makes up 9.1% of Panview Capital Ltd’s portfolio, making the stock its 5th biggest holding. Panview Capital Ltd’s holdings in NVIDIA were worth $51,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Bank of America Corp DE boosted its position in shares of NVIDIA by 2.1% in the first quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker’s stock worth $33,345,453,000 after acquiring an additional 4,019,505 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of NVIDIA by 0.3% in the 4th quarter. Invesco Ltd. now owns 143,239,504 shares of the computer hardware maker’s stock valued at $26,714,167,000 after purchasing an additional 446,178 shares during the last quarter. Amundi boosted its holdings in shares of NVIDIA by 10.4% in the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock valued at $23,329,141,000 after purchasing an additional 12,575,177 shares during the last quarter. J. Stern & Co. LLP grew its stake in shares of NVIDIA by 13,709.1% during 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 buying an additional 124,849,603 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of NVIDIA by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker’s stock worth $16,479,126,000 after buying an additional 555,221 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling In other NVIDIA news, EVP Timothy Teter sold 30,460 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the transaction, the executive vice president owned 2,687,660 shares in the company, valued at $598,810,648. The trade was a 1.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the transaction, the chief financial officer directly owned 765,103 shares of the company’s stock, valued at approximately $167,595,812.15. The trade was a 4.36% decrease in their ownership of the stock. 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. Insiders have sold 1,766,118 shares of company stock valued at $399,450,353 in the last quarter. Company insiders own 3.94% of the company’s stock.

NVIDIA News Summary Here are the key news stories impacting NVIDIA this week: Positive Sentiment: SpaceX is reportedly seeking approximately $40 billion in debt financing to purchase NVIDIA GPUs, potentially creating a major future order and reinforcing demand for the company’s data-center products. Apollo, banks in talks to finance SpaceX’s $40 billion Nvidia GPU purchase Positive Sentiment: TSMC reported record quarterly revenue of roughly $46.7 billion, up 50% year over year, indicating that demand for advanced AI processors—including NVIDIA’s products—remains robust. Nvidia and AMD fuel a $46.7B TSMC quarter Positive Sentiment: NVIDIA committed $1 billion over five years to U.S. science initiatives spanning artificial intelligence, quantum computing, healthcare and energy security. The investment may strengthen government relationships and expand long-term technology adoption. NVIDIA Commits $1 Billion to Advance US Science Positive Sentiment: BNP Paribas Exane upgraded NVIDIA to “strong buy,” while Microsoft and PC manufacturers unveiled systems using NVIDIA’s RTX Spark chips, supporting expansion into local and personal AI computing. NVIDIA Stock Lifted to Strong-Buy Neutral Sentiment: A large options trade reportedly bets on additional upside, but the signal is speculative and does not change NVIDIA’s underlying earnings outlook. Nvidia Stock Slips. A Big Options Trade Signals Where It Might Go Next Negative Sentiment: OpenAI’s reported annualized revenue of about $50 billion was below a previously circulated $68 billion figure, prompting a selloff across AI stocks and raising questions about the pace of AI monetization. Nvidia, Oracle, CoreWeave and other AI stocks sink on OpenAI revenue report Negative Sentiment: Firmus, an NVIDIA-backed cloud-computing company, abandoned plans for a major Australian IPO, citing market conditions. The failed offering highlights tightening investor appetite for AI infrastructure financing. NVIDIA’s proposed $20 billion Groq transaction also faces a Delaware lawsuit alleging improper deal structuring, adding legal risk. Nvidia-Backed Firmus Scraps Australian IPO NVIDIA Stock Down 2.9% NASDAQ NVDA opened at $230.48 on Friday. The stock has a market cap of $5.55 trillion, a PE ratio of 29.14, a P/E/G ratio of 1.83 and a beta of 2.22. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. The business has a 50 day moving average price of $222.09 and a two-hundred day moving average price of $209.29. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business’s quarterly revenue was up 105.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. As a group, sell-side analysts predict that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA announced that its Board of Directors has authorized a share repurchase plan on Monday, September 28th that allows the company to buyback $150.00 billion in shares. This buyback authorization allows the computer hardware maker to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

NVIDIA Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, September 10th. NVIDIA’s dividend payout ratio (DPR) is presently 12.64%.

Wall Street Analyst Weigh In NVDA has been the topic of a number of research analyst reports. Zacks Research upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Monday, September 21st. DZ Bank restated a “buy” rating on shares of NVIDIA in a report on Wednesday, August 26th. Phillip Securities lifted their price objective on NVIDIA from $285.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, August 31st. KeyCorp restated an “overweight” rating and issued a $330.00 price target on shares of NVIDIA in a report on Monday, August 24th. Finally, China Renaissance lifted their price target on shares of NVIDIA from $319.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and an average price target of $321.89.

Check Out Our Latest Report on NVIDIA

NVIDIA Profile (Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processing units (GPUs), central processing units (CPUs), networking products and related software. Its technologies are used in artificial intelligence, data centers, scientific and technical computing, gaming, professional visualization, automotive systems and robotics.

The company’s products include GeForce GPUs and gaming software, data center computing platforms, networking solutions, and enterprise software for AI development and deployment.

Featured Articles Five stocks we like better than NVIDIA Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push

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When one of the world's most aggressive builders reportedly moves to borrow billions just to secure a single supplier's hardware, it raises a question worth sitting with: what do they know that the rest of us are still catching up…

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My NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) position grew again this week. My reason showed up Wednesday night, when reports said SpaceX wants to raise $40 billion in debt “to buy more Nvidia chips.” The report is still unconfirmed. Still, when one of the most aggressive builders on the planet talks about borrowing against its future to buy what Nvidia sells, I’m comfortable buying more.

My thesis is simple. Every serious AI builder needs Nvidia’s full stack, and now they are borrowing to get it. SpaceX AI already ranks among the lead partners receiving Vera CPU shipments, alongside OCI and AWS. A $40 billion loan aimed at Nvidia hardware tells me that customer wants far more.

Three Data Points Behind Every Purchase First, growth keeps speeding up. Revenue for Nvidia’s fiscal second quarter hit $96.22 billion, up 105.8% from a year earlier, and Data Center revenue rose 117% to $89.02 billion. Guidance for this quarter calls for $108.0 billion. Management expects growth of about 70% in fiscal 2028, and it says real demand runs “much higher” than what supply can cover.

Second, each new platform makes more. Nvidia puts its revenue opportunity per gigawatt at roughly $18 billion for Hopper, $25 billion for Blackwell and $40 billion for Vera Rubin. That gives me a second set of 40 billion reasons: every gigawatt SpaceX uses with Vera Rubin carries that much opportunity.

Third, the business throws off cash on a strong balance sheet. Nvidia posts a 55.60% net margin, a 92.21% return on invested capital, with 503x interest coverage. It returned about $26.0 billion to shareholders last quarter and still has about $99.0 billion left under its buyback authorization. The dividend yield is a negligible 0.0175%, so I own Nvidia for compounding, and I collect income elsewhere.

Why My Money Skips AMD Advanced Micro Devices (NASDAQ:AMD) is the obvious alternative, and I have looked hard at it. AMD trades at about 234 times trailing earnings, while Nvidia trades at about 46. AMD’s operating margin sits near 10.7%, against Nvidia’s 60.38%. AMD’s latest quarterly revenue grew a solid 50.1%, but Nvidia grew about twice as fast from a far bigger base. On these numbers, I pay a lower multiple for the faster grower with the higher margins.

Real Risk Hiding in the Financing Debt-funded demand cuts both ways. Nvidia’s supply obligations have increased to $279 billion, its guarantee obligations reach as high as $108.5 billion, and days sales outstanding rose to 60 days from 45. A report on OpenAI’s revenue pushed AI chip stocks lower Thursday, and Nvidia fell 2.94%. If borrowers like SpaceX pull back, those commitments will hurt.

I still own the position because demand exceeds supply. Management expects supply to stay the constraint “at least through the end of fiscal year 28,” and it puts the cloud industry backlog at “greater than 2 trillion.” All of that capacity still has to be powered, cooled, and connected by somebody, and we pulled together seven of those suppliers in a free report here.

What Keeps My Buy Button Active Nvidia expects Vera Rubin to make up about 20% of Data Center revenue this quarter and CPU revenue to more than double in fiscal 28. The next earnings report lands November 17, 2026. The world’s most ambitious builders keep borrowing billions to buy Nvidia, and I will keep putting my own savings to work right beside them.

Contact [email protected] for any questions or corrections.

Netflix bulls keep pointing to a cheap multiple and record buybacks, but the real question is whether those arguments can survive two more quarters of rising content costs and slipping viewer engagement.

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Netflix (NASDAQ:NFLX | NFLX Price Prediction) at $71.57 faces a bearish setup. The stock has fallen 41.06% over the past year, and its next earnings report will show whether that decline is finished.

Netflix runs the world’s largest subscription streaming service, with more than 325M paid memberships. Its ad business is expected to roughly double to about $3B in 2026. Still, the fallen through Warner Bros. deal, slower viewing growth and the close of the Paramount-Warner merger have pushed shares down from $121.43 a year ago.

Ads, Buybacks and a 19x Multiple Give Netflix Bulls a Real Case Netflix trades at a forward P/E of 19 and a PEG ratio of 1.219. Those are low multiples for a company guiding to FY2026 revenue of $51.0B to $51.4B, an operating margin of 31.5% and roughly $12.5B in free cash flow. Management says it reaches under 45% of roughly 800 million addressable households.

Capital returns support the floor. Netflix bought back $4.7B of stock last quarter, its largest quarterly buyback ever, and still has $27.1B of authorization left. Deutsche Bank upgraded the stock to Buy with a $95 target, saying that worries about U.S. viewing dominate strength abroad.

Netflix Is Spending More to Hold Viewers’ Attention Content expense should rise about 10% in 2026, while viewing hours grew only 2% in the first half. Q2 free cash flow fell to $1.53B from $2.27B. Revenue of $12.56B fell just short of the $12.58B estimate.

Growth is also slowing. Q3 guidance calls for 11% FX-neutral revenue growth. Goldman Sachs kept its Buy rating but cut its target to $90, citing softer engagement and competition from YouTube. With a beta of 1.613, the stock tends to swing more than the market when sentiment turns.

Profitability Gives Netflix a Cushion Against Deeper Losses Profitability remains strong for the company. Q2 operating margin reached 33.4%, and revenue grew 13.4%, with gains in all four regions. That profitability limits the downside case. Weak engagement limits the upside case.

The next report is the swing factor. Management forecast Q3 to $12.86B in revenue and diluted EPS of $0.82. A clean beat with faster engagement would favor buyers. Another miss would favor sellers.

Netflix Lags the S&P 500 Badly Despite a $92.55 Target At $71.57, Netflix sits well below the consensus target of $92.55, which means 29.3% upside. Targets are estimates, and they have been falling. Of 51 analysts:

Strong Buy: 7 Buy: 28 Hold: 15 Sell: 1 The stock trades at 22 times trailing earnings. It sits below both its 50-day average of $75.48 and its 200-day average of $83.80. Year to date, Netflix is down 23.67%, while the S&P 500 is up 13.49%. Over one year, the gap is -41.06% versus +14.98%.

Netflix Faces Pressure Until Engagement Turns At $71.57, the bearish case for Netflix centers on engagement.

Optimists highlight the low multiple. A stock’s multiple shrinks for a reason, and in this case the reason is that each content dollar buys less viewing growth. Two of the last four quarters brought EPS misses, including a 15.79% shortfall in Q3 FY25 and an 8.55% miss in Q1 FY26.

The most likely path lower comes over the next two quarters. Live sports and a consolidated Paramount-Warner will compete for viewers, while content costs keep rising faster than viewing hours. Buybacks can hold up per-share results, while engagement remains the core problem.

This view would need to change if engagement growth clearly speeds up and ad revenue reaches its target ahead of plan. Investors who track the stock should watch view hours, ad monetization and free cash flow conversion each quarter.

Netflix is cheaper than it was, but until engagement grows faster than content spending, the discount looks earned.

Contact [email protected] for any questions or corrections.

Overbrook Management Corp cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 17.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,590 shares of the financial services provider’s stock after selling 3,039 shares during the quarter. JPMorgan Chase & Co. comprises 0.8% of Overbrook Management Corp’s portfolio, making the stock its 28th largest position. Overbrook Management Corp’s holdings in JPMorgan Chase & Co. were worth $4,827,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Concorde Asset Management LLC increased its holdings in JPMorgan Chase & Co. by 1.1% in the second quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 29 shares during the last quarter. Elevation Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider’s stock worth $1,006,000 after buying an additional 29 shares during the period. Henrickson Nauta Wealth Advisors Inc. grew its position in shares of JPMorgan Chase & Co. by 0.8% during the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider’s stock worth $1,156,000 after buying an additional 29 shares during the period. Arkansas Financial Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider’s stock valued at $873,000 after acquiring an additional 30 shares during the last quarter. Finally, Flynn Zito Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.1% in the 2nd quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider’s stock valued at $926,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co. In other news, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider directly owned 71,047 shares in the company, valued at $25,066,092.07. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Performance Shares of JPM opened at $331.67 on Friday. The firm has a market cap of $881.63 billion, a P/E ratio of 14.21, a PEG ratio of 1.36 and a beta of 1.02. JPMorgan Chase & Co. has a twelve month low of $279.10 and a twelve month high of $366.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50 day moving average price is $350.75 and its two-hundred day moving average price is $328.64. JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.59 by $0.55. The company had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm’s revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.96 earnings per share. On average, analysts forecast that JPMorgan Chase & Co. will post 24.16 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be paid a $1.65 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $6.60 annualized dividend and a dividend yield of 2.0%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 28.28%.

Key JPMorgan Chase & Co. News Here are the key news stories impacting JPMorgan Chase & Co. this week:

Positive Sentiment: JPMorgan’s 10% dividend increase highlights strong earnings power and capital-generation capacity. The increase appears comfortably supported by the bank’s payout ratio, which may reinforce income-focused investor interest. JPMorgan dividend article Positive Sentiment: TD Cowen initiated coverage with a Hold rating and a $370 price target, implying meaningful potential upside from the reference price. While not an outright bullish recommendation, the target provides a constructive valuation signal. Positive Sentiment: Chase is expanding its business-banking platform with payroll services, creating an additional source of client engagement, fee revenue and cross-selling opportunities. Chase payroll article Neutral Sentiment: Analysts expect solid third-quarter revenue and continued banking momentum, but investors will also be watching expenses, credit provisions, loan growth and net interest income. Strong results could support the shares, while any deterioration could pressure the premium valuation. JPMorgan Q3 earnings preview Neutral Sentiment: JPMorgan appointed Eleni Skoura to lead its Chase business in Germany. The leadership change may support European growth, but it is unlikely to materially affect near-term earnings. JPMorgan Germany leadership article Negative Sentiment: JPMorgan strategists warn that rapidly rising long-term Treasury yields, approaching 6% for the 30-year bond, can weigh on markets and increase pressure on bank valuations, credit conditions and trading activity. Negative Sentiment: Investors remain concerned about elevated operating costs, potential credit deterioration and JPM’s relatively premium valuation ahead of earnings. The bank’s warnings that housing affordability is near financial-crisis lows also point to a weak or “frozen” housing market, a risk for consumer and mortgage-related activity. Wall Street Analysts Forecast Growth Several research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Barclays reiterated an “overweight” rating on shares of JPMorgan Chase & Co. in a report on Tuesday. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday. They set a “hold” rating and a $370.00 price target on the stock. HSBC boosted their price target on shares of JPMorgan Chase & Co. from $369.00 to $377.00 and gave the company a “hold” rating in a report on Monday, September 28th. Finally, Evercore reaffirmed an “outperform” rating and set a $360.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. Fifteen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $362.88.

Get Our Latest Stock Report on JPMorgan Chase & Co.

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JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.

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Strength of results and outlook demonstrate Delta's structural durability in high fuel cost environment

Record September quarter revenue on broad demand strength and healthy yield growth

Expect continued momentum in December quarter with revenue expected to grow approximately 20 percent

Outlook for full-year EPS of $5.10 to $5.60 and free cash flow of approximately $2.5 billion with a double-digit return on invested capital

Strengthening investment-grade balance sheet with plan to pay down more than $2 billion of debt in 2026

, /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial results for the September quarter and provided its outlook for the December quarter and full year 2026. Highlights of the September quarter, including both GAAP and adjusted metrics, are on page five and incorporated here.

"Demand remains strong, supported by consumers' growing preference for experiences and travel, with air travel continuing to be one of the best values in the consumer economy. Against this backdrop, we delivered September quarter pre-tax profit of $1.5 billion, matching last year's performance, and generated $1.9 billion of free cash flow year-to-date. Our resilience reflects the structural durability we've built over many years, enabling us to effectively navigate one of the most elevated fuel environments in recent times. The foundation of that resilience is our people, whose commitment to delivering for our customers continues to set Delta apart," said Ed Bastian, Delta's chief executive officer.

"For the full year, we expect to generate a pre-tax profit of roughly $4.5 billion, absorbing a $6 billion increase in fuel costs. Looking ahead, our focus remains on profitable growth and delivering against our long-term financial framework, including mid-teens margins and returns, durable free cash flow and gross leverage of approximately one times."

September Quarter 2026 GAAP Financial Results

Operating revenue of $20.2 billion Operating income of $1.5 billion with an operating margin of 7.2 percent Pre-tax income of $1.1 billion with a pre-tax margin of 5.3 percent Earnings per share of $1.15 Operating cash flow of $1.7 billion September Quarter 2026 Non-GAAP Financial Results

Operating revenue of $17.6 billion Operating income of $1.7 billion with an operating margin of 9.4 percent Pre-tax income of $1.5 billion with a pre-tax margin of 8.5 percent Earnings per share of $1.72 Operating cash flow of $1.7 billion Financial Guidance1

4Q26

FY 2026

Total Revenue YoY (%)

Approx. 20%

Earnings Per Share

$5.10 - $5.60

Operating Margin

7% - 9%

Free Cash Flow ($B)

Approx. $2.5

Earnings Per Share

$1.15 - $1.65

Gross Leverage2

Approx. 2.2x

Guidance for the December quarter assumes fuel at the forward curve as of October 2, 2026, and includes a refinery benefit of approximately $0.40 per gallon. This results in a projected all-in fuel price for the quarter of approximately $4.25 per gallon.

Revenue Environment and Outlook

"September quarter revenue grew approximately 16 percent over prior year, on flat capacity, driven by broad demand strength and healthy yield growth as we cover higher costs and manage the business for margins," said Joe Esposito, Delta's chief commercial officer.

"Revenue momentum is continuing in the December quarter, with strength across all products and geographies, supporting our outlook for total revenue growth of approximately 20 percent over last year. With seats growing less than 2 percent, including a reduction in Main Cabin seats, our capacity positioning supports another quarter of sequential improvement in unit revenue with progression in both Domestic and International."

Broad demand strength continued in the September quarter: Delta delivered record September quarter total revenue of $17.6 billion, increasing 16 percent over the same period last year. Adjusted total unit revenue (TRASM) grew 15 percent over prior year, accelerating 3 points from the prior quarter. Main cabin unit revenue grew 17 percent over prior year on seats down low-single digits, marking another quarter of sequential progress. Strong revenue performance across all geographies: Domestic unit revenue grew 16 percent year-over-year on strong yields and a load factor that was 1 point higher than last year, reflecting the strength of Delta's brand and a measured approach to capacity. International unit revenue increased 12 percent, with performance led by Latin where unit revenue improved 22 percent over last year. Transatlantic unit revenue growth improved 4 points sequentially to 11 percent year-over-year. Transpacific revenue grew 13 percent over prior year on 8 percent higher capacity, supporting profitable growth through new routes to Asia. Continued momentum in diversified, high-margin revenue streams: Diverse revenue streams accounted for 61 percent of total revenue in the September quarter. Premium revenue grew 18 percent year-over-year with double-digit unit revenue growth driven by yield and load factor on a 6 percent increase in seats. Cargo revenue increased 29 percent year-over-year, with roughly equal growth between volume and yield. MRO revenue grew 28 percent year-over-year, bringing year-to-date revenue to $990 million. Growing member engagement across loyalty ecosystem: Total loyalty revenue grew 18 percent, with SkyMiles member engagement continuing to deepen in the air and beyond the flight. Co-brand card acquisitions and spend both grew double-digits, the eighth consecutive quarter of double-digit growth in cardholder spend. This momentum supported 15 percent growth in American Express remuneration in the quarter, positioning the full year to exceed $9 billion. Travel products and non-air partnership revenue increased 25 percent year-over-year. Corporate sales3 grew double-digits in all sectors: Corporate sales growth was led by the Banking, Technology, and Energy sectors, with particularly strong performance in Boston and Los Angeles. Recent corporate survey results indicate over 90 percent of respondents expect their corporate travel will increase or stay the same in 2027. _______________________________________

1 Non-GAAP measures; Refer to Non-GAAP reconciliations for historical comparison figures

2 Adjusted debt to EBITDAR

3 Corporate travel sales represent the revenue from tickets sold to corporate contracted customers, including tickets for travel during and beyond the referenced time
period

Cost Performance and Outlook

"Delta delivered earnings of $1.72 per share in the September quarter, in line with last year while absorbing more than $500 million of higher fuel costs compared to our guidance in early July. In the December quarter, we expect earnings of $1.15 to $1.65 per share, based on a fuel price of approximately $4.25 per gallon. This positions earnings consistent with last year at the upper end of the range," said Erik Snell, Delta's chief financial officer. 

"The Delta team continues to deliver for our customers, widening our industry lead in on-time performance and achieving record baggage results. September quarter non-fuel unit costs increased 7.3 percent over the prior year on flat capacity, driven primarily by higher crew and revenue-related costs on capacity growth that was several points below our original plan, including nearly one point of impact from summer storms. With slightly higher capacity and continued operational efficiencies, we expect December quarter non-fuel unit cost growth to improve 1 to 2 points sequentially. Looking to next year, we remain on track for low-single-digit unit cost growth as capacity normalizes, operational improvements continue and we lap higher costs in our baseline."

September Quarter 2026 Cost Performance

Operating expense of $18.7 billion and adjusted operating expense of $15.9 billion Adjusted non-fuel costs of $11.1 billion Non-fuel CASM was 14.03¢, an increase of 7.3 percent year-over-year Adjusted fuel expense of $4.1 billion was up 62 percent year-over-year Adjusted fuel price of $3.61 per gallon increased 60 percent year-over-year with a refinery benefit of 13¢ per gallon Fuel efficiency, defined as gallons per 1,000 ASMs, was 14.5 Balance Sheet, Cash and Liquidity

"We generated $463 million of free cash flow in the September quarter. The strength of our cash flow generation allows us to consistently reinvest to compound our advantages while reinforcing our investment grade balance sheet. For the full year, we expect to deliver free cash flow of approximately $2.5 billion and pay down more than $2 billion of debt, positioning us to end the year with gross leverage of approximately 2.2x," Snell said.

Adjusted net debt of $13.4 billion at September quarter end, a reduction of $950 million from the end of 2025 Payments on debt and finance lease obligations for the September quarter of $1.2 billion Adjusted operating cash flow in the September quarter of $1.7 billion, and with gross capital expenditures of $1.4 billion, free cash flow was $463 million Air Traffic Liability ended the quarter at $9.6 billion Liquidity4 of $6.9 billion at quarter-end, including $3.1 billion in undrawn revolver capacity _________________________________

4 Includes cash and cash equivalents, short-term investments and undrawn revolving credit facilities

September Quarter 2026 Highlights

Operations, Network, and Fleet

Led all carriers5 in on-time arrival and departure performance for the quarter. Set a Delta September quarter record6 for Domestic mishandled baggage rate (MBR). Took delivery of 13 aircraft in the quarter, including A350-900, A321neo, and A220-300 aircraft. Announced new international service from Seattle to Tokyo-Narita, Los Angeles to Manila, Austin to Paris-Charles de Gaulle, Detroit to Athens, and Boston to Venice, with flights beginning in 2027, while extending seasonal service on select Transatlantic routes. Expanded position in Los Angeles with announcement of largest-ever schedule, with new and increased service to multiple U.S. destinations. Culture and People

Recognized by customers for the fifth consecutive year with the award for Best Airline Staff Service in North America at the Skytrax World Airline Awards. Accrued nearly $900 million in profit sharing year-to-date toward next February's payout. Named to TIME's America's Best Companies list, the only airline in the top 100. Ranked No. 1 on PEOPLE's Companies That Care list, the only airline recognized. Contributed $100,000 to American Red Cross earthquake relief efforts in Colombia. Established the Chief Data Officer position, welcoming Ramnik Bajaj to advance Delta's data and AI capabilities, accelerate innovation, and enhance decision-making, unlocking new opportunities for Delta. Customer Experience and Loyalty

Announced a strategic relationship with Hyatt, expanding the SkyMiles loyalty ecosystem with another category-leading premium brand. JD Power ranked the Delta SkyMiles Reserve, Platinum, and Gold American Express Cards in the top three, respectively, for airline co-brand card customer satisfaction in 2026. Accelerated co-brand card acquisitions, driven by innovative card offers, such as two round-trip Delta Comfort tickets and Delta's highest-ever introductory mileage offer for new Reserve Card sign-ups. Active SkyMiles member base continued to grow, led by Gen Z and millennials, with outsized growth in focus cities and coastal hubs. Enhanced long-standing partnership with Starbucks with more ways for SkyMiles members to earn rewards. Continued rollout of fast, free Wi-Fi for SkyMiles members across nearly all of Delta's fleet with recent satellite upgrades expected to provide meaningful enhancements to connectivity. Completed rollout of Delta Concierge, our AI-powered digital assistant, to all SkyMiles members. Expanded Delta Sync experiences and offers through new partnerships with DraftKings and Sport 24. Announced a reimagined Delta One wine program featuring a curated selection of wines from Napa Valley and destinations across Delta's global network, supported by Delta's Sky Sommelier program. Environmental Sustainability 

Expanded SAF access through a multi-airport agreement with Shell Aviation. Completed a new SAF blending facility at Flint Hills Resources' Pine Bend Refinery, expanding SAF availability at Delta's second-largest hub in Minneapolis-St. Paul. Joined the launch of the Georgia Sustainable Aviation Fuel (SAF) Coalition as a founding member. Launched a partnership with the National Park Foundation to support conservation across America's national parks. ______________________________________

5 FlightStats preliminary data for Delta flights system wide. All carriers is defined as competitive set (AA, AS, B6, DL, UA, and WN) from July 1 - Sep 30, 2026. On-time performance includes A0, and A14. Departure performance defined as D0

6 Excludes 2020

September Quarter 2026 Results

September quarter results have been adjusted primarily for third-party refinery sales, gains/losses on investments and Monroe hedge results as described in the reconciliations in Note A.

GAAP

$
Change

%
Change

($ in millions except per share and unit costs)

3Q26

3Q25

Operating income

1,454

1,684

(230)

(14) %

Operating margin

7.2 %

10.1 %

       (2.9) pts

(29) %

Pre-tax income

1,074

1,777

(703)

(40) %

Pre-tax margin

5.3 %

10.7 %

       (5.4) pts

(50) %

Net income

756

1,417

(661)

(47) %

Diluted earnings per share

1.15

2.17

(1.02)

(47) %

Operating revenue

20,186

16,673

3,513

21 %

Total revenue per available seat mile (TRASM) (cents)

25.46

21.09

4.37

21 %

Operating expense

18,732

14,989

3,743

25 %

Cost per available seat mile (CASM) (cents)

23.63

18.96

4.67

25 %

Fuel expense

4,351

2,570

1,781

69 %

Average fuel price per gallon

3.80

2.26

1.54

68 %

Operating cash flow

1,713

1,847

(134)

(7) %

Capital expenditures

1,413

1,160

253

22 %

Total debt and finance lease obligations

12,851

14,879

(2,028)

(14) %

Adjusted

$
Change

%
Change

($ in millions except per share and unit costs)

3Q26

3Q25

Operating income

1,662

1,688

(26)

(2) %

Operating margin

9.4 %

11.1 %

       (1.7) pts

(15) %

Pre-tax income

1,497

1,477

20

1 %

Pre-tax margin

8.5 %

9.7 %

       (1.2) pts

(12) %

Net income

1,134

1,114

20

2 %

Diluted earnings per share

1.72

1.70

0.02

1 %

Operating revenue

17,585

15,197

2,388

16 %

TRASM (cents)

22.18

19.22

2.96

15 %

Operating expense

15,924

13,508

2,416

18 %

Non-fuel cost7

11,125

10,339

786

8 %

Non-fuel unit cost (CASM-Ex) (cents)

14.03

13.08

0.95

7.3 %

Fuel expense

4,143

2,565

1,578

62 %

Average fuel price per gallon

3.61

2.25

1.36

60 %

Operating cash flow

1,716

1,816

(100)

(6) %

Free cash flow

463

833

(370)

(44) %

Gross capital expenditures

1,408

1,113

295

27 %

Adjusted net debt

13,350

15,586

(2,236)

(14) %

______________________________________

7 Updated definition excludes aircraft fuel and related taxes, Third-party refinery sales, MRO expense, and profit sharing

About Delta Air Lines Through exceptional service and the power of innovation, Delta Air Lines (NYSE: DAL) never stops looking for ways to make every trip feel tailored to every customer.

There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,500 daily Delta and Delta Connection flights to more than 300 destinations on six continents, connecting people to places and to each other. 

Delta served more than 200 million customers in 2025 – safely, reliably and with industry-leading customer service innovation – and was recognized by Cirium for being the top on-time airline in North America for the fifth consecutive year.

We remain committed to ensuring that the future of travel is connected, personalized and enjoyable. Our people's genuine, enduring motivation is to make every customer feel welcomed and cared for across every point of their journey with us.

Headquartered in Atlanta, Delta operates significant hubs and key markets in Amsterdam, Atlanta, Bogota, Boston, Detroit, Lima, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St. Paul, New York-JFK and LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Santiago (Chile), Sao Paulo, Seattle, Seoul-Incheon and Tokyo.

As the leading global airline, Delta's mission to connect the world creates opportunities, fosters understanding and expands horizons by connecting people and communities to each other and to their own potential.

A founding member of the SkyTeam alliance and powered by innovative and strategic partnerships throughout the world with Aeromexico, Air France-KLM, China Eastern, Korean Air, LATAM, Virgin Atlantic and WestJet, Delta brings more choice and competition to customers worldwide. Delta's premium product line is elevated by its unique partnership with Wheels Up Experience.

Delta is America's most-awarded airline thanks to the dedication, passion and professionalism of its people. In addition to the award from Cirium, Delta has been recognized as the World's Most Admired Airline and one of the Best 100 Companies to Work For according to Fortune; the top carrier for business travelers by Business Travel News; and best U.S. airline by Forbes Travel Guide's Verified Air Travel Awards. In addition, Delta has been named to the Civic 50 by Points of Light as one of the most community minded companies in the U.S.

Forward Looking Statements
Statements made in this press release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments or strategies for the future, should be considered "forward-looking statements" under the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements are not guarantees or promised outcomes and should not be construed as such. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments and strategies reflected in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the possible effects of serious accidents involving our aircraft or aircraft of our airline partners; breaches or lapses in the security of technology systems we use and rely on, which could compromise the data stored within them, as well as failure to comply with evolving global privacy and security regulatory obligations or adequately address increasing customer focus on privacy issues and data security; disruptions in our information technology infrastructure; failure of the technology we use or depend on to perform effectively, including new and emerging technologies; increases in the price of aircraft fuel; extended disruptions in the supply of aircraft fuel, including from Monroe Energy, LLC ("Monroe"), our wholly-owned subsidiary that operates the Trainer refinery; failure to achieve expected results or returns from our commercial relationships with airlines in other parts of the world and the investments we have in certain of those airlines; the effects of a significant disruption in the operations or performance of third parties on which we rely; failure to comply with the financial or other covenants in our financing agreements; labor-related disruptions; the effects on our business of seasonality and other factors beyond our control, such as changes in value in our equity investments, severe weather conditions, natural disasters or other environmental events, including from the impact of climate change; failure or inability of insurance to cover a significant liability at Monroe's refinery; failure to comply with existing and future environmental regulations to which Monroe's refinery operations are subject, including those relating to the discharge of materials into the environment, waste management, pollution prevention measures and greenhouse gas emissions; significant damage to our reputation and brand, including from exposure to significant adverse publicity or inability to achieve certain sustainability goals; our ability to retain senior management and other key employees, and to maintain our company culture; disease outbreaks or other public health threats, and measures implemented to combat them; the effects of terrorist attacks, geopolitical conflict or security events; competitive conditions in the airline industry; extended interruptions or disruptions in service at major airports where we operate; significant problems associated with types of aircraft or engines we operate; the effects of extensive regulatory and legal compliance requirements we are subject to; the impact of laws and regulations governing environmental protection, including but not limited to regulation of hazardous substances, increased regulation to reduce emissions and other risks associated with climate change, and the cost of compliance with more stringent environmental regulations; and unfavorable economic or political conditions in the markets in which we operate or volatility in currency exchange rates.

Additional information concerning risks and uncertainties that could cause differences between actual results and forward-looking statements is contained in our Securities and Exchange Commission (SEC) filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and other filings filed with the SEC from time to time. Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of the date of this press release, and which we undertake no obligation to update except to the extent required by law.

DELTA AIR LINES, INC.

Consolidated Statements of Operations

(Unaudited)

Three Months Ended

Nine Months Ended

September 30,

September 30,

(in millions, except per share data)

2026

2025

$ Change

% Change

2026

2025

$ Change

% Change

Operating Revenue:

Passenger

$      15,534

$      13,506

$        2,028

15 %

$      43,443

$      38,852

$        4,591

12 %

Cargo

301

233

68

29 %

821

654

167

26 %

Other

4,351

2,934

1,417

48 %

11,533

7,855

3,678

47 %

Total operating revenue

20,186

16,673

3,513

21 %

55,797

47,361

8,436

18 %

Operating Expense:

Salaries and related costs

4,822

4,443

379

9 %

14,124

12,928

1,196

9 %

Aircraft fuel and related taxes

4,351

2,570

1,781

69 %

11,202

7,439

3,763

51 %

Refinery expense

2,601

1,476

1,125

76 %

6,346

3,679

2,667

72 %

Contracted services

1,277

1,166

111

10 %

3,729

3,442

287

8 %

Landing fees and other rents

1,021

921

100

11 %

2,912

2,650

262

10 %

Aircraft maintenance materials and outside repairs

662

667

(5)

(1) %

2,059

1,904

155

8 %

Passenger commissions and other selling expenses

703

645

58

9 %

2,019

1,869

150

8 %

Regional carrier expense

680

649

31

5 %

2,001

1,913

88

5 %

Depreciation and amortization

673

614

59

10 %

1,964

1,823

141

8 %

Passenger service

494

485

9

2 %

1,411

1,397

14

1 %

Profit sharing

389

392

(3)

(1) %

882

986

(104)

(11) %

MRO expense

267

212

55

26 %

868

581

287

49 %

Aircraft rent

159

135

24

18 %

469

408

61

15 %

Other

633

614

19

3 %

1,992

1,987

5

— %

Total operating expense

18,732

14,989

3,743

25 %

51,978

43,006

8,972

21 %

Operating Income

1,454

1,684

(230)

(14) %

3,819

4,355

(536)

(12) %

Non-Operating Income/(Expense):

Interest expense, net

(146)

(171)

25

(15) %

(442)

(521)

79

(15) %

Gain/(loss) on investments, net

(218)

311

(529)

NM

(419)

1,007

(1,426)

NM

Gain/(loss) on extinguishment of debt

2

(6)

8

NM

(3)

(26)

23

(88) %

Miscellaneous, net

(18)

(41)

23

(56) %

(87)

(143)

56

(39) %

Total non-operating income/(expense), net

(380)

93

(473)

NM

(951)

317

(1,268)

NM

Income Before Income Taxes

1,074

1,777

(703)

(40) %

2,868

4,672

(1,804)

(39) %

Income Tax Provision

(318)

(360)

42

(12) %

(798)

(886)

88

(10) %

Net Income

$           756

$        1,417

$         (661)

(47) %

$        2,070

$        3,786

$       (1,716)

(45) %

Basic Earnings Per Share

$          1.15

$          2.18

$          3.17

$          5.85

Diluted Earnings Per Share

$          1.15

$          2.17

$          3.15

$          5.80

Basic Weighted Average Shares Outstanding

655

649

654

648

Diluted Weighted Average Shares Outstanding

659

654

657

653

DELTA AIR LINES, INC.

Passenger Revenue

(Unaudited)

Three Months Ended

Nine Months Ended

September 30,

September 30,

(in millions)

2026

2025

$ Change

% Change

2026

2025

$ Change

% Change

Ticket - Premium products

$       6,818

$       5,796

$       1,022

18 %

$     19,100

$     16,402

$       2,698

16 %

Ticket - Main cabin

6,802

6,063

739

12 %

19,058

17,771

1,287

7 %

Loyalty travel awards

1,302

1,108

194

18 %

3,578

3,140

438

14 %

Travel-related services

612

539

73

14 %

1,707

1,539

168

11 %

Passenger revenue

$     15,534

$     13,506

$       2,028

15 %

$     43,443

$     38,852

$       4,591

12 %

DELTA AIR LINES, INC.

Other Revenue

(Unaudited)

Three Months Ended

Nine Months Ended

September 30,

September 30,

(in millions)

2026

2025

$ Change

% Change

2026

2025

$ Change

% Change

Refinery

$       2,601

$       1,476

$       1,125

76 %

$       6,346

$       3,680

$       2,666

72 %

Loyalty and related

1,346

1,129

217

19 %

3,911

3,338

573

17 %

MRO

296

231

65

28 %

990

621

369

59 %

Miscellaneous

108

98

10

10 %

286

216

70

32 %

Other revenue

$       4,351

$       2,934

$       1,417

48 %

$     11,533

$       7,855

$       3,678

47 %

DELTA AIR LINES, INC.

Total Revenue

(Unaudited)

Increase (Decrease)

3Q26 vs 3Q25

Revenue

3Q26 ($M)

Change

Unit Revenue

Yield

Capacity

Domestic

$              10,594

16 %

16 %

15 %

— %

Atlantic

3,317

11 %

11 %

12 %

— %

Latin America

867

14 %

22 %

20 %

(6) %

Pacific

756

13 %

5 %

7 %

8 %

Passenger Revenue

$              15,534

15 %

15 %

14 %

— %

Cargo Revenue

301

29 %

Other Revenue

4,351

48 %

Total Revenue

$              20,186

21 %

21 %

       Third Party Refinery Sales

(2,601)

Total Revenue, adjusted (See Note A)

$              17,585

16 %

15 %

DELTA AIR LINES, INC.

Statistical Summary

(Unaudited)

Three Months Ended

Nine Months Ended

September 30,

September 30,

2026

2025

Change

2026

2025

Change

Revenue passenger miles (millions)

68,133

67,621

1

%

191,369

189,717

1

%

Available seat miles (millions)

79,288

79,054

—

%

227,145

225,099

1

%

Passenger mile yield (cents)

22.80

19.97

14

%

22.70

20.48

11

%

Passenger revenue per available seat mile (cents)

19.59

17.08

15

%

19.13

17.26

11

%

Total revenue per available seat mile (cents)

25.46

21.09

21

%

24.56

21.04

17

%

TRASM, adjusted - see Note A (cents)

22.18

19.22

15

%

21.77

19.41

12

%

Cost per available seat mile (cents)

23.63

18.96

25

%

22.88

19.11

20

%

CASM-Ex  - see Note A (cents)

14.03

13.08

7.3

%

14.39

13.47

7

%

Passenger load factor

86 %

86 %

—

pts

84 %

84 %

—

pts

Fuel gallons consumed (millions)

1,146

1,138

1

%

3,256

3,226

1

%

Average price per fuel gallon

$         3.80

$         2.26

68

%

$         3.44

$         2.31

49

%

Average price per fuel gallon, adjusted - see Note A

$         3.61

$         2.25

60

%

$         3.42

$         2.31

48

%

DELTA AIR LINES, INC.

Consolidated Statements of Cash Flows

(Unaudited)

Three Months Ended

September 30,

(in millions)

2026

2025

Cash Flows From Operating Activities:

Net income

$                    756

$                  1,417

Depreciation and amortization

673

614

(Gain) loss on fair value investments

226

(307)

Changes in air traffic liability

(460)

(728)

Changes in profit sharing

386

392

Changes in balance sheet and other, net

132

459

     Net cash provided by operating activities

1,713

1,847

Cash Flows From Investing Activities:

Property and equipment additions:

Flight equipment, including advance payments

(1,200)

(930)

Ground property and equipment, including technology

(213)

(230)

Acquisition of strategic investments and related

(45)

—

Other, net

155

125

     Net cash used in investing activities

(1,303)

(1,035)

Cash Flows From Financing Activities:

Proceeds from short-term obligations

75

—

Proceeds from long-term obligations

—

217

Payments on debt and finance lease obligations

(1,234)

(459)

Cash dividends

(141)

(122)

Other, net

(1)

(6)

     Net cash used in financing activities

(1,301)

(370)

Net (Decrease)/Increase in Cash, Cash Equivalents and Restricted Cash Equivalents

(891)

442

Cash, cash equivalents and restricted cash equivalents at beginning of period

4,773

3,529

Cash, cash equivalents and restricted cash equivalents at end of period

$                  3,882

$                  3,971

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets to the total of the same
such amounts shown above:

Current assets:

     Cash and cash equivalents

$                  3,787

$                  3,791

     Restricted cash included in prepaid expenses and other

77

97

Other assets:

     Restricted cash included in other noncurrent assets

18

83

Total cash, cash equivalents and restricted cash equivalents

$                  3,882

$                  3,971

DELTA AIR LINES, INC.

Consolidated Balance Sheets

(Unaudited)

September 30,

December 31,

(in millions)

2026

2025

ASSETS

Current Assets:

Cash and cash equivalents

$                          3,787

$                          4,310

Accounts receivable, net

4,325

2,850

Fuel, expendable parts and supplies inventories, net

2,637

1,601

Prepaid expenses and other

2,741

2,207

     Total current assets

13,490

10,968

Noncurrent Assets:

Property and equipment, net

42,206

39,743

Operating lease right-of-use assets

6,120

6,244

Goodwill

9,753

9,753

Identifiable intangibles, net

5,960

5,966

Equity investments

3,824

4,222

Other noncurrent assets

4,695

4,421

     Total noncurrent assets

72,558

70,349

Total assets

$                        86,048

$                        81,317

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:

Current maturities of debt and finance leases

$                          3,324

$                          1,605

Current maturities of operating leases

912

809

Air traffic liability

9,560

7,157

Accounts payable

6,595

5,226

Accrued salaries and related benefits

4,550

4,906

Loyalty program deferred revenue

5,451

4,876

Fuel card obligation

1,100

1,100

Other accrued liabilities

2,083

1,945

     Total current liabilities

33,575

27,624

Noncurrent Liabilities:

Debt and finance leases

9,527

12,507

Noncurrent operating leases

5,072

5,353

Pension, postretirement and related benefits

3,031

3,156

Loyalty program deferred revenue

4,181

4,386

Deferred income taxes, net

4,232

3,444

Other noncurrent liabilities

3,917

3,994

     Total noncurrent liabilities

29,960

32,840

Commitments and Contingencies

Stockholders' Equity:

22,513

20,853

Total liabilities and stockholders' equity

$                        86,048

$                        81,317

Note A: The following tables show reconciliations of non-GAAP financial measures. The reasons Delta uses these measures are described below. Reconciliations may not calculate exactly due to rounding. 

Delta sometimes uses information ("non-GAAP financial measures") that is derived from the Consolidated Financial Statements, but that is not presented in accordance with accounting principles generally accepted in the U.S. ("GAAP"). Under the Securities and Exchange Commission rules, non-GAAP financial measures may be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. The tables below show reconciliations of non-GAAP financial measures used in this release to the most directly comparable GAAP financial measures.

Forward Looking Projections. Delta is not able to reconcile forward looking non-GAAP financial measures without unreasonable effort because the adjusting items such as those used in the reconciliations below will not be known until the end of the period and could be significant.

Adjustments. These reconciliations include certain adjustments to GAAP measures that are made to provide comparability between the reported periods, if applicable, and for the reasons indicated below:

Third-party refinery sales. Refinery sales to third parties, and related expenses, are not related to our airline segment. Excluding these sales therefore provides a more meaningful comparison of our airline operations to the rest of the airline industry.

MTM adjustments and settlements on hedges. Mark-to-market ("MTM") adjustments are defined as fair value changes recorded in periods other than the settlement period. MTM fair value changes are not necessarily indicative of the actual settlement value of the underlying hedge in the contract settlement period, and therefore we remove this impact to allow investors to better understand and analyze our core performance. Settlements represent cash received or paid on hedge contracts closed (i.e., settled) during the applicable period. With respect to hedges related to Monroe's inventory, settlements often occur before the related refinery inventory is sold. Beginning in 2026, settlement gains and losses related to Monroe's inventory that remains on-hand at period end are excluded from our adjusted results. These settlement gains and losses will be reflected in adjusted results during the period the inventory is sold. This change was made to match the timing of expense and revenue recognition and we have similarly adjusted the presentation of reconciliations for prior periods included here.

MTM adjustments on investments. Unrealized MTM gains/losses result from our equity investments that are accounted for at fair value in non-operating expense. The gains/losses are driven by changes in stock prices, foreign currency fluctuations and other valuation techniques for investments in certain companies, particularly those without publicly-traded shares. Adjusting for these gains/losses allows investors to better understand and analyze our core operational performance in the periods shown.

Gain/loss on extinguishment of debt. This adjustment relates to early termination of a portion of our debt. Adjusting for these gains/losses allows investors to better understand and analyze our core operational performance in the periods shown.

Operating Revenue, adjusted and Total Revenue Per Available Seat Mile ("TRASM"), adjusted 

Three Months Ended

3Q26 vs 3Q25
% Change

(in millions)

September 30, 2026

December 31, 2025

September 30, 2025

Operating revenue

$                       20,186

$                       16,003

$                       16,673

Adjusted for:

Third-party refinery sales

(2,601)

(1,397)

(1,476)

Operating revenue, adjusted

$                       17,585

$                       14,606

$                       15,197

16 %

Three Months Ended

3Q26 vs
3Q25 %
Change

2Q26 vs
2Q25 %
Change

September 30,
2026

June 30, 2026

December 31,
2025

September 30,
2025

June 30, 2025

TRASM (cents)

25.46

25.11

21.94

21.09

21.44

Adjusted for:

Third-party refinery sales

(3.28)

(2.66)

(1.92)

(1.87)

(1.47)

TRASM, adjusted

22.18

22.45

20.02

19.22

19.97

15 %

12 %

Nine Months Ended

September 30, 2026

September 30, 2025

TRASM (cents)

24.56

21.04

Adjusted for:

Third-party refinery sales

(2.79)

(1.63)

TRASM, adjusted

21.77

19.41

Pre-Tax Income, Net Income, and Diluted Earnings per Share, adjusted

Three Months Ended

Three Months Ended

September 30, 2026

September 30, 2026

Pre-Tax

Income

Net

Earnings

(in millions, except per share data)

Income

Tax

Income

Per Diluted Share

GAAP

$                 1,074

$                   (318)

$                    756

$                         1.15

Adjusted for:

MTM adjustments on investments

218

MTM adjustments and settlements on hedges

208

Gain on extinguishment of debt

(2)

Non-GAAP

$                 1,497

$                   (363)

$                 1,134

$                         1.72

Three Months Ended

Three Months Ended

December 31, 2025

December 31, 2025

Pre-Tax

Income

Net

Earnings

(in millions, except per share data)

Income

Tax

Income

Per Diluted Share

GAAP

$                 1,513

$                   (294)

$                 1,219

$                         1.86

Adjusted for:

MTM adjustments on investments

(205)

MTM adjustments and settlements on hedges

3

Non-GAAP

$                 1,311

$                   (297)

$                 1,015

$                         1.55

Three Months Ended

Three Months Ended

September 30, 2025

September 30, 2025

Pre-Tax

Income

Net

Earnings

(in millions, except per share data)

Income

Tax

Income

Per Diluted Share

GAAP

$                 1,777

$                   (360)

$                 1,417

$                         2.17

Adjusted for:

MTM adjustments on investments

(311)

MTM adjustments and settlements on hedges

5

Loss on extinguishment of debt

6

Non-GAAP

$                 1,477

$                   (363)

$                 1,114

$                         1.70

Pre-Tax Margin, adjusted

Three Months Ended

September 30, 2026

September 30, 2025

Pre-tax margin

5.3 %

10.7 %

Adjusted for:

Third-party refinery sales

1.1

0.9

MTM adjustments on investments

1.1

(1.9)

MTM adjustments and settlements on hedges

1.0

—

Pre-tax margin, adjusted

8.5 %

9.7 %

Operating Income, adjusted

Three Months Ended

(in millions)

September 30, 2026

September 30, 2025

Operating income

$                         1,454

$                         1,684

Adjusted for:

MTM adjustments and settlements on hedges

208

5

Operating income, adjusted

$                         1,662

$                         1,688

Operating Margin, adjusted

Three Months Ended

September 30, 2026

September 30, 2025

Operating margin

7.2 %

10.1 %

Adjusted for:

Third-party refinery sales

1.2

1.0

MTM adjustments and settlements on hedges

1.0

—

Operating margin, adjusted

9.4 %

11.1 %

Free Cash Flow. We present free cash flow because management believes this metric is helpful to investors to evaluate the company's ability to generate cash that is available for use for debt service or general corporate initiatives. Free cash flow is also used internally as a component of our incentive compensation programs. Free cash flow is defined as net cash from operating activities and net cash from investing activities, adjusted for (i) pension plan contributions, (ii) net cash flows related to certain airport construction projects and other, and (iii) strategic investments and related. These adjustments are made for the following reasons:

Pension plan contributions. Cash flows related to pension funding are included in our GAAP operating activities. We adjust to exclude these contributions to allow investors to understand the cash flows related to our core operations.

Net cash flows related to certain airport construction projects and other. Cash flows related to certain airport construction projects are included in our GAAP operating activities and capital expenditures. We have adjusted for these items, which were primarily funded by cash restricted for airport construction, to provide investors a better understanding of the company's free cash flow and capital expenditures that are core to our operations in the periods shown.

Strategic investments and related. Certain cash flows related to our investments in and related transactions with other airlines and associated companies are included in our GAAP investing activities. We adjust for this activity because it provides a more meaningful comparison to our airline industry peers.

Three Months Ended

(in millions)

September 30, 2026

September 30, 2025

Net cash provided by operating activities

$                         1,713

$                         1,847

Net cash used in investing activities

(1,303)

(1,035)

Adjusted for:

Pension plan contributions

—

6

Net cash flows related to certain airport construction projects and other

9

15

Strategic investments and related

45

—

Free cash flow

$                            463

$                            833

Nine Months Ended

(in millions)

September 30, 2026

Net cash provided by operating activities

$                         5,740

Net cash used in investing activities

(4,078)

Adjusted for:

Pension plan contributions

4

Net cash flows related to certain airport construction projects and other

83

Strategic investments and related

150

Free cash flow

$                         1,900

Operating Cash Flow, adjusted. We present operating cash flow, adjusted because management believes adjusting for the following item provides a more meaningful measure for investors:

Net cash flows related to certain airport construction projects and other. Cash flows related to certain airport construction projects are included in our GAAP operating activities. We adjust for these items, which were primarily funded by cash restricted for airport construction, to provide investors a better understanding of the company's operating cash flow that is core to our operations in the periods shown.

Three Months Ended

(in millions)

September 30, 2026

September 30, 2025

Net cash provided by operating activities

$                         1,713

$                         1,847

Adjusted for:

Net cash flows related to certain airport construction projects and other

3

(31)

Operating cash flow, adjusted

$                         1,716

$                         1,816

Operating revenue, adjusted related to premium products and diverse revenue streams

Three Months Ended

(in millions)

September 30, 2026

Operating revenue

$                    20,186

Adjusted for:

     Third-party refinery sales

(2,601)

Operating revenue, adjusted

$                    17,585

Less: main cabin revenue

(6,802)

Operating revenue, adjusted related to premium products and diverse revenue streams

$                    10,783

Percent of operating revenue, adjusted related to premium products and diverse revenue streams

61 %

Adjusted Non-Fuel Cost and Non-Fuel Unit Cost or Cost per Available Seat Mile, ("CASM-Ex")

We adjust operating expense and CASM for certain items described above, as well as the following items and reasons described below:

Aircraft fuel and related taxes. The volatility in fuel prices impacts the comparability of year-over-year financial performance. The adjustment for aircraft fuel and related taxes allows investors to better understand and analyze our non-fuel costs and year-over-year financial performance.

MRO expense. We adjust for MRO expenses because this adjustment allows investors to better understand and analyze the airline's recurring cost performance and provides a more meaningful comparison of our core operating costs to the airline industry.

Profit sharing. We adjust for profit sharing because this adjustment allows investors to better understand and analyze our recurring cost performance and provides a more meaningful comparison of our core operating costs to the airline industry.

Three Months Ended

(in millions)

September 30, 2026

September 30, 2025

Operating expense

$                       18,732

$                       14,989

Adjusted for:

Aircraft fuel and related taxes

(4,351)

(2,570)

Third-party refinery sales

(2,601)

(1,476)

MRO expense

(267)

(212)

Profit sharing

(389)

(392)

Non-Fuel Cost

$                       11,125

$                       10,339

Three Months Ended

3Q26 vs 3Q25
% Change

September 30, 2026

December 31, 2025

September 30, 2025

CASM (cents)

23.63

19.93

18.96

Adjusted for:

Aircraft fuel and related taxes

(5.49)

(3.26)

(3.25)

Third-party refinery sales

(3.28)

(1.92)

(1.87)

MRO expense

(0.34)

(0.23)

(0.27)

Profit sharing

(0.49)

(0.48)

(0.50)

CASM-Ex

14.03

14.03

13.08

7.3 %

Nine Months Ended

September 30, 2026

September 30, 2025

CASM (cents)

22.88

19.11

Adjusted for:

Aircraft fuel and related taxes

(4.93)

(3.30)

Third-party refinery sales

(2.79)

(1.63)

MRO expense

(0.38)

(0.26)

Profit sharing

(0.39)

(0.44)

CASM-Ex

14.39

13.47

Operating Expense, adjusted

Three Months Ended

(in millions)

September 30, 2026

September 30, 2025

Operating expense

$                       18,732

$                       14,989

Adjusted for:

Third-party refinery sales

(2,601)

(1,476)

MTM adjustments and settlements on hedges

(208)

(5)

Operating expense, adjusted

$                       15,924

$                       13,508

Total fuel expense, adjusted and Average fuel price per gallon, adjusted

Average Price Per Gallon

Three Months Ended

Three Months Ended

September 30,

September 30,

% Change

September 30,

September 30,

% Change

(in millions, except per gallon data)

2026

2025

2026

2025

Total fuel expense

$             4,351

$             2,570

$               3.80

$               2.26

Adjusted for:

MTM adjustments and settlements on hedges

(208)

(5)

(0.18)

(0.01)

Total fuel expense, adjusted

$             4,143

$             2,565

62 %

$               3.61

$               2.25

60 %

Average Price Per Gallon

Nine Months Ended

Nine Months Ended

September 30,

September 30,

% Change

September 30,

September 30,

% Change

(in millions, except per gallon data)

2026

2025

2026

2025

Total fuel expense

$           11,202

$             7,439

$               3.44

$               2.31

Adjusted for:

MTM adjustments and settlements on hedges

(57)

19

(0.02)

0.01

Total fuel expense, adjusted

$           11,144

$             7,457

49 %

$               3.42

$               2.31

48 %

Adjusted Net Debt. We use adjusted gross debt, including fleet operating lease liabilities (comprised of aircraft and engine leases and regional aircraft leases embedded within our capacity purchase agreements) and unfunded pension liabilities (if applicable), in addition to adjusted debt and finance leases, to present estimated financial obligations. We reduce adjusted total debt by cash, cash equivalents, and LGA restricted cash, resulting in adjusted net debt, to present the amount of assets needed to satisfy the debt. Management believes this metric is helpful to investors in assessing the company's overall debt profile.

(in millions)

September 30, 2026

December 31, 2025

September 30, 2025

3Q26 vs 4Q25
$ Change

Debt and finance lease obligations

$                    12,851

$                    14,113

$                    14,879

Plus: sale-leaseback financing liabilities

1,733

1,779

1,793

Plus: unamortized discount/(premium) and debt issue cost, net and other

(9)

(6)

(1)

Adjusted debt and finance lease obligations

$                    14,575

$                    15,885

$                    16,670

Plus: fleet operating lease liabilities

2,580

2,780

2,790

Adjusted gross debt

$                    17,155

$                    18,665

$                    19,460

Less: cash and cash equivalents

(3,787)

(4,310)

(3,791)

Less: LGA restricted cash

(18)

(56)

(83)

Adjusted net debt

$                    13,350

$                    14,300

$                    15,586

$              (950)

Gross Capital Expenditures. We adjust capital expenditures for the following item to determine gross capital expenditures for the reason described below:

Net cash flows related to certain airport construction projects. Cash flows related to certain airport construction projects are included in capital expenditures. We adjust for these items because management believes investors should be informed that a portion of these capital expenditures from airport construction projects are either funded with restricted cash specific to these projects or reimbursed by a third party.

Three Months Ended

(in millions)

September 30, 2026

September 30, 2025

Flight equipment, including advance payments

$                         1,200

$                            930

Ground property and equipment, including technology

213

230

Adjusted for:

Net cash flows related to certain airport construction projects

(5)

(47)

Gross capital expenditures

$                         1,408

$                         1,113

SOURCE Delta Air Lines

Delta Air Lines CEO Ed Bastian said his carrier is weighing whether to go ahead with debuting a flight between Atlanta and Riyadh, Saudi Arabia, after attacks claimed by Iran-backed Houthi rebels have escalated there.

The flights between Riyadh and Delta's biggest hub are scheduled to begin on Oct. 23.

Three people were killed in attacks at Riyadh's King Khalid International Airport as Houthis stepped up strikes in the country, Saudi Arabia's civil aviation authority said.

"Obviously, we were disappointed to see the news this week," Bastian told CNBC in an interview. "Safety is is going to make the call."

He said that the airline will let customers know of its decision soon. German airlines Lufthansa said it was pausing flights into Saudi Arabia through at least Oct. 16, a spokesman told CNBC.

Delta is planning to operate the Atlanta-Riyadh flight daily from Oct. 23 to Oct. 30 before moving to three-times-a-week service. When it announced the route earlier this year, Delta said it would be the first nonstop service between the U.S. and Riyadh operated by a U.S. airline.

Read more CNBC airline newsWhy airfare could rise even more, but airline profits won’tBudget airline king Bill Franke warms to premium upgradesCompanies spurn airlines’ cheapest business class ticketsUnited’s next decision: What to do with all those Boeing 737 Max 10 seats it ordered years agoRecord heat, crowds drive offseason boom in international travel

Farther Finance Advisors LLC raised its holdings in International Business Machines Corporation (NYSE:IBM – Free Report) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,827 shares of the technology company’s stock after purchasing an additional 3,576 shares during the quarter. Farther Finance Advisors LLC’s holdings in International Business Machines were worth $14,917,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of IBM. CoreCap Advisors LLC raised its holdings in shares of International Business Machines by 7.6% during the third quarter. CoreCap Advisors LLC now owns 41,308 shares of the technology company’s stock valued at $9,085,000 after acquiring an additional 2,916 shares during the last quarter. Hamlin Capital Management LLC boosted its stake in shares of International Business Machines by 24.5% in the third quarter. Hamlin Capital Management LLC now owns 241,311 shares of the technology company’s stock worth $53,072,000 after acquiring an additional 47,562 shares during the last quarter. YHB Investment Advisors Inc. increased its position in shares of International Business Machines by 4.3% during the third quarter. YHB Investment Advisors Inc. now owns 4,989 shares of the technology company’s stock worth $1,097,000 after purchasing an additional 207 shares in the last quarter. Gradient Investments LLC raised its stake in International Business Machines by 61.8% in the 3rd quarter. Gradient Investments LLC now owns 82,749 shares of the technology company’s stock valued at $18,199,000 after purchasing an additional 31,592 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in International Business Machines by 3.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 16,155 shares of the technology company’s stock valued at $3,553,000 after purchasing an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Here are the key news stories impacting International Business Machines this week:

Positive Sentiment: Quantum computing milestone: IBM advanced to Stage C, the final phase of DARPA’s Quantum Benchmarking Initiative. Independent experts will test IBM’s hardware, architecture and systems engineering, providing important third-party validation of its roadmap toward a fault-tolerant quantum computer. IBM is targeting 2029 for that milestone. IBM Advances to Stage C of DARPA Quantum Benchmarking Initiative Positive Sentiment: AI and consulting recovery hopes: Coverage argues IBM’s valuation has become more attractive following its recent decline, while a rebound in consulting demand and continued hybrid-cloud and AI adoption could support growth. IBM’s self-hosted “Bob” AI offering also targets customers that require secure, customer-managed infrastructure. IBM’s Valuation is Getting Interesting as AI and Consulting Rebound Positive Sentiment: Enterprise partnerships: IBM launched IBM Ready for SAP Solutions, combining its consulting capabilities with SAP cloud ERP to help midsize companies modernize operations and prepare their data for AI. The offering adds a potential channel for consulting and cloud-related revenue. IBM Teams Up with SAP Neutral Sentiment: Upcoming earnings: IBM will report third-quarter 2026 results on October 21, giving investors a near-term catalyst to assess whether delayed large deals have begun returning and whether AI and consulting growth are improving. IBM Third-Quarter 2026 Results Announcement Negative Sentiment: Execution concerns remain: Analysts highlighted IBM’s recent underperformance and the risk that a slowdown could persist after tens of large deals failed to close on time in the second quarter. Management said customers delayed rather than canceled those deals, but the timing of a recovery remains uncertain. What Happens To IBM Stock If Its Slowdown Lasts? Negative Sentiment: Customer attrition in VMware services: 11:11 Systems acquired select IBM VMware Cloud Service Provider enterprise customers. The transaction may modestly pressure IBM’s managed infrastructure and VMware-related business, although the financial impact was not disclosed. 11:11 Systems Acquires Select IBM VMware Cloud Service Provider Enterprise Customers International Business Machines Stock Up 2.8% NYSE IBM opened at $226.70 on Friday. The business’s fifty day simple moving average is $232.24 and its 200-day simple moving average is $244.09. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. The firm has a market cap of $213.58 billion, a PE ratio of 20.12, a P/E/G ratio of 2.10 and a beta of 0.73. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. International Business Machines (NYSE:IBM – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The firm had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same quarter in the prior year, the firm posted $2.80 earnings per share. International Business Machines’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were paid a $1.69 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $6.76 annualized dividend and a dividend yield of 3.0%. International Business Machines’s dividend payout ratio is 59.98%.

Analyst Ratings Changes Several brokerages have issued reports on IBM. Citic Securities lifted their target price on shares of International Business Machines from $294.00 to $297.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Stifel Nicolaus decreased their price target on shares of International Business Machines from $290.00 to $235.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Oppenheimer lowered shares of International Business Machines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 15th. Barclays cut their price objective on shares of International Business Machines from $288.00 to $262.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $270.00 target price (down from $300.00) on shares of International Business Machines in a research note on Tuesday, July 21st. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.52.

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Insider Activity In other news, SVP Robert Thomas sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the completion of the sale, the senior vice president owned 47,800 shares in the company, valued at $11,009,296. This trade represents a 34.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by corporate insiders.

International Business Machines Profile (Free Report)

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM’s portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.

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