ERn Financial LLC Lowers Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• ERn Financial LLC significantly reduced its holdings in NVIDIA Corporation by 62.4% during the second quarter, now owning 16,099 shares valued at approximately $2.54 million.
• NVIDIA's share price opened at $188.32, with a 1-year high of $195.62 and a low of $86.62, reflecting strong performance in the market.
• The company reported $1.05 earnings per share (EPS) for the last quarter, surpassing analysts' estimates and showing a 55.6% year-over-year revenue growth.

ERn Financial LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 62.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,099 shares of the computer hardware maker's stock after selling 26,680 shares during the quarter. ERn Financial LLC's holdings in NVIDIA were worth $2,543,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Brighton Jones LLC grew its stake in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after acquiring an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after purchasing an additional 22,929 shares during the period. Highview Capital Management LLC DE grew its stake in NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC increased its holdings in NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after purchasing an additional 11,900 shares during the period. Finally, Freedom Financial Partners LLC raised its position in NVIDIA by 2.1% in the 1st quarter. Freedom Financial Partners LLC now owns 6,490 shares of the computer hardware maker's stock valued at $703,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $188.32 on Tuesday. The stock's 50-day moving average is $179.32 and its two-hundred day moving average is $151.57. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The firm has a market cap of $4.58 trillion, a price-to-earnings ratio of 53.65, a PEG ratio of 1.32 and a beta of 2.12.

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

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

NVDA has been the subject of a number of analyst reports. Wall Street Zen downgraded NVIDIA from a "buy" rating to a "hold" rating in a research report on Saturday. Evercore ISI boosted their price target on shares of NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. JPMorgan Chase & Co. reissued a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a research report on Friday, September 19th. Benchmark lifted their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Barclays reissued an "overweight" rating and issued a $240.00 target price (up previously from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $213.37.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the transaction, the chief financial officer directly owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $190.20, for a total transaction of $14,265,000.00. Following the completion of the sale, the chief executive officer directly owned 70,558,203 shares of the company's stock, valued at $13,420,170,210.60. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,753,937 shares of company stock valued at $665,807,776. 4.17% of the stock is owned by insiders.

About NVIDIA

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

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