Focus Financial Network Inc. Sells 23,393 Shares of NVIDIA Corporation $NVDA

Key Points

• Focus Financial Network reduced its NVIDIA position by 23,393 shares, or 1.4%. It still held 1.6 million shares worth approximately $319.9 million, with NVIDIA representing 9.9% of its portfolio.
• NVIDIA reported quarterly EPS of $1.87 and revenue of $81.61 billion, exceeding analyst expectations, while revenue increased 85.2% year over year. The company also authorized an $80 billion share-repurchase program.
• Analyst sentiment remains bullish, with a consensus “Buy” rating and $305.94 price target, but investors face risks from China-related export restrictions, elevated earnings expectations, and growing competition in AI chips.

Focus Financial Network Inc. trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,598,701 shares of the computer hardware maker's stock after selling 23,393 shares during the period. NVIDIA comprises about 9.9% of Focus Financial Network Inc.'s portfolio, making the stock its largest holding. Focus Financial Network Inc.'s holdings in NVIDIA were worth $319,884,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Lifetime Wealth Management P.C. purchased a new position in NVIDIA during the fourth quarter worth about $26,000. Longview Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the first quarter valued at $27,000. Longfellow Investment Management Co. LLC raised its stake in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after acquiring an additional 67 shares in the last quarter. Phillip James Consulting Co. purchased a new stake in shares of NVIDIA in the 1st quarter valued at approximately $40,000. Finally, Inspire Investing LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $217.56 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The firm has a market cap of $5.26 trillion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 0.44 and a beta of 2.23. The firm's fifty day moving average price is $207.04 and its 200 day moving average price is $199.23. NVIDIA Corporation has a 1-year low of $164.07 and a 1-year high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping the consensus estimate of $1.76 by $0.11. The company had revenue of $81.61 billion during the quarter, compared to analysts' expectations of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business's revenue was up 85.2% on a year-over-year basis. During the same quarter last year, the business earned $0.81 EPS. On average, sell-side analysts expect that NVIDIA Corporation will post 8.59 EPS for the current year.

NVIDIA declared that its Board of Directors has authorized a share buyback program on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, Director John Dabiri sold 625 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the transaction, the director directly owned 14,163 shares of the company's stock, valued at approximately $3,030,882. This represents a 4.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 885,000 shares of the firm's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the sale, the director directly owned 5,207,271 shares of the company's stock, valued at $1,094,412,146.07. This represents a 14.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,901,125 shares of company stock valued at $410,583,015 over the last ninety days. Corporate insiders own 3.94% of the company's stock.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Potential China revenue boost: Reports indicate small shipments of NVIDIA’s H200 processors have reached mainland China, with ByteDance and Tencent reportedly receiving units. However, Beijing may restrict how the chips are used. Nvidia H200 chips reach China in small shipments
• Positive Sentiment: Analyst support remains strong: Stifel reaffirmed a Buy rating and a $282 target ahead of NVIDIA’s August 26 earnings report, while Bank of America reportedly sees substantial upside based on the company’s valuation and free-cash-flow potential. Analyst updates Nvidia stock price ahead of earnings
• Positive Sentiment: Supply-chain checks support the AI buildout: Stifel pointed to signals from Foxconn and Super Micro as evidence that demand for NVIDIA systems remains healthy heading into the company’s results. NVIDIA is also expanding its role by connecting Nordic GPU customers with available data-center capacity. What Foxconn and Super Micro are telling us about the AI boom
• Neutral Sentiment: Mercor investment under consideration: NVIDIA is reportedly discussing an investment in AI data-labeling provider Mercor at a valuation of about $20 billion. The deal could strengthen NVIDIA’s broader AI ecosystem, but its size and terms remain unknown. Nvidia weighs investment in Mercor
• Negative Sentiment: China uncertainty remains a key overhang: U.S. efforts to close loopholes allowing Chinese firms to access NVIDIA computing power through overseas data centers could limit sales, while any H200 shipments appear restricted and relatively small. U.S. export controls and Nvidia chips
• Negative Sentiment: The earnings bar is high: Investors are looking beyond a routine quarterly beat and want higher forward guidance, sustained data-center growth, strong Blackwell demand, and healthy margins. This creates volatility ahead of the August 26 report. NVIDIA earnings expectations and AI demand
• Negative Sentiment: Competition and concentration risks are intensifying: Investors are questioning whether custom chips, rivals such as AMD and Broadcom, and newer AI-chip startups could eventually pressure NVIDIA’s dominant position. Michael Burry discusses competition for Nvidia

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent analyst reports. TD Cowen reaffirmed a "buy" rating on shares of NVIDIA in a report on Tuesday. Stifel Nicolaus set a $282.00 target price on NVIDIA and gave the stock a "buy" rating in a research report on Thursday, May 21st. Craig Hallum boosted their target price on NVIDIA from $245.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, May 21st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $325.00 price target on shares of NVIDIA in a report on Thursday, May 21st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of NVIDIA in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $305.94.

NVIDIA Company Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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