NVIDIA Corporation $NVDA is Burr Financial Services LLC's Largest Position

Key Points

• Burr Financial Services LLC significantly reduced its holdings in NVIDIA Corporation by 65.2% during the second quarter, now owning 156,521 shares worth approximately $24.7 million.
• Several institutional investors have increased their stakes in NVIDIA, including Brighton Jones LLC, which raised its stake by 12.4%, now holding shares valued at around $43.6 million.
• Research analysts have set new price targets for NVIDIA, with TD Cowen raising its target from $140 to $235 while maintaining a "buy" rating on the stock.

Burr Financial Services LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 65.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,521 shares of the computer hardware maker's stock after selling 292,801 shares during the period. NVIDIA makes up approximately 20.8% of Burr Financial Services LLC's investment portfolio, making the stock its biggest position. Burr Financial Services LLC's holdings in NVIDIA were worth $24,729,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NVDA. UBS Group boosted their price objective on shares of NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. DA Davidson upgraded shares of NVIDIA from a "neutral" rating to a "buy" rating and boosted their target price for the company from $195.00 to $210.00 in a report on Thursday, September 11th. Needham & Company LLC restated a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Barclays boosted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. Finally, Stifel Nicolaus boosted their target price on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a report on Monday, August 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $208.47.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $6.94 on Monday, hitting $183.61. 268,372,112 shares of the company traded hands, compared to its average volume of 180,339,776. The firm's 50-day simple moving average is $175.73 and its 200 day simple moving average is $143.85. 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 company has a market cap of $4.46 trillion, a P/E ratio of 52.31, a P/E/G ratio of 1.28 and a beta of 2.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is presently 1.14%.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 297,797 shares of NVIDIA stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the sale, the director owned 7,749,803 shares of the company's stock, valued at approximately $1,380,937,396.57. The trade was a 3.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the sale, the chief executive officer directly owned 71,683,203 shares in the company, valued at $12,646,350,673.26. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,914,341 shares of company stock worth $662,228,310. 4.17% of the stock is currently owned by company insiders.

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.