Empower Advisory Group LLC Sells 322,022 Shares of NVIDIA Corporation $NVDA

Key Points

• Empower Advisory Group LLC reduced its holdings in NVIDIA Corporation by 11.6%, owning 2,458,500 shares valued at approximately $266.45 million as of its latest SEC filing.
• NVIDIA reported $1.05 earnings per share for the quarter, surpassing analyst expectations, and the company's revenue increased 55.6% year-on-year to $46.74 billion.
• The company has recently announced a quarterly dividend of $0.01 per share, with a payout ratio of 1.14% and a dividend yield of 0.0%.

Empower Advisory Group LLC lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,458,500 shares of the computer hardware maker's stock after selling 322,022 shares during the period. NVIDIA makes up 0.9% of Empower Advisory Group LLC's investment portfolio, making the stock its 24th largest position. Empower Advisory Group LLC's holdings in NVIDIA were worth $266,452,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NVDA. High Note Wealth LLC increased its stake in shares of NVIDIA by 0.5% in the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock worth $1,937,000 after acquiring an additional 91 shares during the last quarter. Kelly Financial Services LLC increased its stake in shares of NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock worth $513,000 after acquiring an additional 94 shares during the last quarter. Next Capital Management LLC increased its stake in shares of NVIDIA by 0.8% in the first quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock worth $1,364,000 after acquiring an additional 94 shares during the last quarter. Mendel Capital Management LLC increased its stake in shares of NVIDIA by 0.8% in the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock worth $1,287,000 after acquiring an additional 96 shares during the last quarter. Finally, Affiance Financial LLC increased its position in NVIDIA by 0.7% during the first quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker's stock worth $1,479,000 after buying an additional 97 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded down $4.64 during midday trading on Friday, hitting $167.02. The company's stock had a trading volume of 223,875,375 shares, compared to its average volume of 167,410,624. The stock has a market capitalization of $4.06 trillion, a price-to-earnings ratio of 47.58, a PEG ratio of 1.25 and a beta of 2.10. The stock's 50 day simple moving average is $172.73 and its 200 day simple moving average is $140.20. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total value of $12,723,750.00. Following the completion of the sale, the chief executive officer owned 72,698,366 shares in the company, valued at approximately $12,333,277,791.90. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director owned 368,887 shares of the company's stock, valued at approximately $63,448,564. The trade was a 4.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,872,755 shares of company stock valued at $764,283,330. 4.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NVDA shares. DA Davidson increased their target price on shares of NVIDIA from $135.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Morgan Stanley increased their target price on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Craig Hallum increased their target price on shares of NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Wedbush reissued an "outperform" rating and set a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and set a $215.00 target price on shares of NVIDIA in a research report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $207.69.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.