Fi3 FINANCIAL ADVISORS LLC Cuts Position in NVIDIA Corporation $NVDA

Key Points

• Fi3 FINANCIAL ADVISORS LLC reduced its holdings in NVIDIA Corporation by 6.0%, ultimately owning 32,194 shares worth approximately $3.49 million.
• Insider selling occurred with Director Tench Coxe offloading 1,000,000 shares for about $142.8 million, resulting in a 3.61% decrease in their position.
• Analysts have favorable views on NVIDIA, with multiple firms raising their price targets, indicating strong investor confidence in the company's future performance.

Fi3 FINANCIAL ADVISORS LLC lowered its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,194 shares of the computer hardware maker's stock after selling 2,040 shares during the quarter. NVIDIA comprises 1.4% of Fi3 FINANCIAL ADVISORS LLC's portfolio, making the stock its 15th largest position. Fi3 FINANCIAL ADVISORS LLC's holdings in NVIDIA were worth $3,489,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted 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 valued at $43,631,000 after purchasing an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in shares of 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 boosted its stake in shares of NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after purchasing an additional 3,653 shares during the period. Hudson Value Partners LLC boosted its stake in shares of NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after purchasing an additional 11,900 shares during the period. Finally, Selway Asset Management purchased a new stake in shares of NVIDIA during the fourth quarter worth about $269,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,872,755 shares of company stock worth $764,283,330. 4.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of analyst reports. Jefferies Financial Group lifted their target price on NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Craig Hallum raised their price objective on NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. UBS Group raised their price objective on NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. TD Cowen raised their price objective on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, August 19th. Finally, Needham & Company LLC restated a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.69.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $167.02 on Friday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm's 50-day moving average price is $172.73 and its two-hundred day moving average price is $140.20. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The stock has a market capitalization of $4.06 trillion, a P/E ratio of 47.58, a P/E/G ratio of 1.25 and a beta of 2.10.

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

NVIDIA Dividend Announcement

The business 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. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.

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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