NVIDIA Corporation $NVDA Shares Sold by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors LLC has reduced its stake in NVIDIA Corporation by 5.3%, selling 25,907 shares in the first quarter, leaving the firm with 466,507 shares valued at approximately $50.56 million.
• NVIDIA reported a quarterly EPS of $1.05, exceeding expectations, with revenues of $46.74 billion, marking a year-over-year increase of 55.6%.
• The company announced a quarterly dividend of $0.01, reflecting a 0.0% yield, with the next payout scheduled for October 2nd.

Frank Rimerman Advisors LLC reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 466,507 shares of the computer hardware maker's stock after selling 25,907 shares during the quarter. NVIDIA accounts for 4.0% of Frank Rimerman Advisors LLC's portfolio, making the stock its 5th largest position. Frank Rimerman Advisors LLC's holdings in NVIDIA were worth $50,560,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. increased its position in NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after acquiring an additional 864 shares during the period. Centerpoint Advisory Group increased its position in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after acquiring an additional 943 shares during the period. GSB Wealth Management LLC increased its position in NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after acquiring an additional 1,043 shares during the period. Variant Private Wealth LLC increased its position in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after acquiring an additional 3,206 shares during the period. Finally, Financial Perspectives Inc increased its position in NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after acquiring an additional 1,265 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVDA has been the topic of several research analyst reports. Wedbush reiterated an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Mizuho lifted their price target on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Robert W. Baird lifted their price target on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Finally, UBS Group lifted their price target on NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Four 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 given a Sell rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $207.42.

NVIDIA Price Performance

Shares of NVDA traded up $1.29 during trading hours on Monday, hitting $168.31. 161,369,820 shares of the company were exchanged, compared to its average volume of 172,462,880. The company has a market capitalization of $4.09 trillion, a PE ratio of 47.95, a PEG ratio of 1.21 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. The firm has a fifty day simple moving average of $172.94 and a 200-day simple moving average of $140.44. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analyst estimates 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 last year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Insider Buying and Selling at NVIDIA

In other news, Director Dawn E. Hudson sold 18,000 shares of the firm'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 completion of the sale, the director owned 368,887 shares of the company's stock, valued at $63,448,564. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $169.71, for a total value of $12,728,250.00. Following the completion of the sale, the chief executive officer directly owned 72,398,366 shares of the company's stock, valued at approximately $12,286,726,693.86. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,832,755 shares of company stock valued at $619,935,680. Corporate insiders own 4.17% of the company's stock.

About NVIDIA

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.