First Foundation Advisors Sells 6,877 Shares of NVIDIA Corporation $NVDA

Key Points

• First Foundation Advisors sold 6,877 shares of NVIDIA Corporation, reducing its stake by 3.3% and leaving it with 202,872 shares valued at approximately $21.99 million.
• Analysts have recently increased their price targets for NVIDIA, with JPMorgan raising it to $215 and Loop Capital to $250, while maintaining a largely positive consensus rating on the stock.
• NVIDIA announced a quarterly dividend of $0.01 payable on October 2nd, which reflects a low payout ratio of 1.14% based on its annualized dividend yield of 0.0%.

First Foundation Advisors decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,872 shares of the computer hardware maker's stock after selling 6,877 shares during the quarter. NVIDIA makes up approximately 0.9% of First Foundation Advisors' portfolio, making the stock its 25th largest position. First Foundation Advisors' holdings in NVIDIA were worth $21,987,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares in the last quarter. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter worth $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the 1st quarter worth $51,000. Bruce G. Allen Investments LLC grew its stake in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new stake in shares of NVIDIA in the 4th quarter worth $54,000. Institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the transaction, the chief executive officer owned 72,848,225 shares in the company, valued at $13,095,196,926. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,736,604 shares of company stock worth $878,806,839. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $5.99 on Monday, reaching $174.18. The stock had a trading volume of 242,604,296 shares, compared to its average volume of 170,230,272. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a market cap of $4.23 trillion, a P/E ratio of 49.62, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The business's 50 day moving average is $170.83 and its two-hundred day moving average is $139.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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 the consensus estimate of $45.65 billion. During the same period in the prior year, the firm posted $0.68 earnings per share. The company's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be 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 is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NVDA. Truist Financial upped their target price on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research note on Thursday. Raymond James Financial increased their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. increased their price target on shares of NVIDIA from $170.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a research report on Wednesday, August 13th. Finally, DA Davidson increased their price target on shares of NVIDIA from $135.00 to $195.00 and gave the company a "neutral" rating in a research report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $207.69.

NVIDIA 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.