Financial Advisory Partners LLC Sells 2,694 Shares of NVIDIA Corporation $NVDA

Key Points

• Financial Advisory Partners LLC reduced its shares of NVIDIA Corporation by 48.5%, selling 2,694 shares and holding 2,864 shares worth approximately $452,000.
• NVIDIA reported a 55.6% year-over-year increase in quarterly revenue, totaling $46.74 billion, and earnings per share (EPS) of $1.05, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.01 per share, scheduled for payment on October 2nd, reflecting a low annualized yield of 0.0%.

Financial Advisory Partners LLC lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 48.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,864 shares of the computer hardware maker's stock after selling 2,694 shares during the quarter. Financial Advisory Partners LLC's holdings in NVIDIA were worth $452,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of NVDA. Kingstone Capital Partners Texas LLC boosted its stake in NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. Nuveen LLC acquired a new position in shares of NVIDIA during the first quarter valued at $15,089,414,000. Goldman Sachs Group Inc. lifted its stake in shares of NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. GAMMA Investing LLC lifted its stake in shares of NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after acquiring an additional 48,439,859 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Up 2.5%

Shares of NVIDIA stock opened at $186.44 on Wednesday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $187.35. The business has a 50-day moving average of $177.20 and a two-hundred day moving average of $146.90. The company has a market capitalization of $4.53 trillion, a P/E ratio of 53.12, a price-to-earnings-growth ratio of 1.32 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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. The business 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%.NVIDIA's quarterly revenue was up 55.6% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued 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 dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research reports. New Street Research upped their price target on NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, September 12th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Loop Capital upped their price target on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Wedbush reaffirmed an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 price target on shares of NVIDIA in a research note on Wednesday, August 27th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.00.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,022,407 shares of company stock worth $700,382,754. 4.17% of the stock is owned by corporate insiders.

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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