Farrow Financial Inc. Sells 4,392 Shares of NVIDIA Corporation $NVDA

Key Points

• Farrow Financial Inc. has reduced its stake in NVIDIA Corporation by 11.5%, selling 4,392 shares, and now holds 33,950 shares worth approximately $3.68 million.
• In the first quarter, several institutional investors, including PARUS FINANCE UK Ltd and Costello Asset Management, significantly increased their positions in NVIDIA, contributing to institutional ownership growing to 65.27%.
• NVIDIA recently reported a $1.05 earnings per share for the last quarter, exceeding analysts' expectations and achieving a revenue of $46.74 billion, marking a 55.6% year-over-year increase.

Farrow Financial Inc. lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,950 shares of the computer hardware maker's stock after selling 4,392 shares during the period. NVIDIA accounts for 2.5% of Farrow Financial Inc.'s holdings, making the stock its 11th biggest position. Farrow Financial Inc.'s holdings in NVIDIA were worth $3,680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. PARUS FINANCE UK Ltd raised its stake in shares of NVIDIA by 10.1% during the 1st quarter. PARUS FINANCE UK Ltd now owns 311,623 shares of the computer hardware maker's stock worth $33,774,000 after purchasing an additional 28,613 shares in the last quarter. Costello Asset Management INC raised its stake in shares of NVIDIA by 1,000.4% during the 1st quarter. Costello Asset Management INC now owns 118,404 shares of the computer hardware maker's stock worth $12,833,000 after purchasing an additional 107,644 shares in the last quarter. Aquire Wealth Advisors LLC raised its stake in shares of NVIDIA by 37.9% during the 1st quarter. Aquire Wealth Advisors LLC now owns 7,532 shares of the computer hardware maker's stock worth $816,000 after purchasing an additional 2,072 shares in the last quarter. BCR Wealth Strategies LLC increased its holdings in shares of NVIDIA by 10.6% during the 1st quarter. BCR Wealth Strategies LLC now owns 3,227 shares of the computer hardware maker's stock worth $349,000 after acquiring an additional 308 shares during the last quarter. Finally, Cary Street Partners Financial LLC increased its holdings in shares of NVIDIA by 5.9% during the 1st quarter. Cary Street Partners Financial LLC now owns 170,675 shares of the computer hardware maker's stock worth $18,498,000 after acquiring an additional 9,535 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $171.66 on Friday. The stock has a fifty day moving average price of $172.55 and a 200-day moving average price of $140.01. The company has a market cap of $4.17 trillion, a price-to-earnings ratio of 48.91, a PEG ratio of 1.24 and a beta of 2.10. 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 fifty-two week low of $86.62 and a fifty-two week high of $184.48.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.01 per share. 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 is currently 1.14%.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the completion of the sale, the chief executive officer directly owned 72,698,366 shares in the company, valued at $12,333,277,791.90. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dawn E. Hudson sold 18,000 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the sale, the director owned 368,887 shares of the company's stock, valued at approximately $63,448,564. This represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,872,755 shares of company stock valued at $764,283,330. 4.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NVDA shares. DA Davidson boosted their target price on NVIDIA from $135.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Craig Hallum boosted their target price on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Jefferies Financial Group boosted their target price on NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Finally, Robert W. Baird boosted their target price on NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average 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.

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