NVIDIA Corporation $NVDA is Everhart Financial Group Inc.'s 10th Largest Position

Everhart Financial Group Inc. trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,854 shares of the computer hardware maker's stock after selling 10,003 shares during the period. NVIDIA makes up about 3.1% of Everhart Financial Group Inc.'s portfolio, making the stock its 10th biggest position. Everhart Financial Group Inc.'s holdings in NVIDIA were worth $48,193,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NVDA. Sax Wealth Advisors LLC increased its stake in shares of NVIDIA by 11.5% in the second quarter. Sax Wealth Advisors LLC now owns 106,898 shares of the computer hardware maker's stock worth $21,389,000 after acquiring an additional 10,985 shares during the period. Oliver Luxxe Assets LLC raised its holdings in shares of NVIDIA by 8.1% during the second quarter. Oliver Luxxe Assets LLC now owns 2,667 shares of the computer hardware maker's stock worth $534,000 after purchasing an additional 200 shares during the last quarter. Everpar Advisors LLC raised its holdings in shares of NVIDIA by 5.2% during the second quarter. Everpar Advisors LLC now owns 77,449 shares of the computer hardware maker's stock worth $15,497,000 after purchasing an additional 3,857 shares during the last quarter. Chemistry Wealth Management LLC lifted its position in NVIDIA by 1.7% during the second quarter. Chemistry Wealth Management LLC now owns 17,401 shares of the computer hardware maker's stock valued at $3,482,000 after purchasing an additional 297 shares during the period. Finally, Avity Investment Management Inc. lifted its position in NVIDIA by 0.4% during the second quarter. Avity Investment Management Inc. now owns 294,605 shares of the computer hardware maker's stock valued at $58,948,000 after purchasing an additional 1,259 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 2.3%

Shares of NASDAQ:NVDA opened at $219.74 on Wednesday. The business's 50 day moving average price is $206.70 and its 200-day moving average price is $199.05. NVIDIA Corporation has a 1 year low of $164.07 and a 1 year high of $236.54. The firm has a market capitalization of $5.32 trillion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 0.44 and a beta of 2.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85.

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 analysts' consensus estimates of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business had revenue of $81.61 billion during the quarter, compared to analysts' expectations of $78.42 billion. During the same quarter in the previous year, the company earned $0.81 earnings per share. The company's quarterly revenue was up 85.2% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

NVIDIA declared that its board has authorized a stock repurchase plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Zacks Research raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. Craig Hallum boosted their price objective on NVIDIA from $245.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, May 21st. Susquehanna restated a "positive" rating and issued a $275.00 target price (up from $250.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Rosenblatt Securities reaffirmed a "buy" rating and set a $325.00 target price on shares of NVIDIA in a report on Thursday, May 21st. Finally, BMO Capital Markets reiterated a "buy" rating on shares of NVIDIA in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $305.94.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Bank of America argued that NVIDIA’s shares offer a compelling valuation relative to free cash flow and could have as much as 55% upside, partly because expanded buybacks may improve shareholder returns. Here's the case for Nvidia's stock to climb 55% from here, according to BofA
• Positive Sentiment: NVIDIA’s agreement to support financing for OpenAI’s Ohio data center could help secure up to 8 gigawatts of future AI-compute capacity. The company is also investing $1.5 billion in SB Energy and is expected to be the campus’s exclusive AI-compute provider, potentially expanding long-term demand for its systems. Nvidia backs financing for OpenAI data center in Ohio
• Positive Sentiment: Analysts and investors continue to describe NVIDIA as a central “chokepoint” in AI infrastructure. Wall Street’s average price target implies substantial potential upside, while demand for GPUs remains strong even as custom AI chips gain traction. Wall Street Analysts Think Nvidia Could Surge
• Neutral Sentiment: Investors are focused on NVIDIA’s upcoming earnings and, more importantly, its forward guidance. Strong data-center growth, Blackwell demand, gross margins near 75%, and commentary on next-generation Rubin products will determine whether estimates move higher. Nvidia's Q2 Preview
• Negative Sentiment: The Ohio project and NVIDIA’s broader plan to help arrange as much as $500 billion in AI infrastructure financing are raising concerns about circular financing, credit exposure, and whether customers can support the resulting spending. Higher Treasury yields further pressured high-growth technology valuations. Nvidia's AI moat is shifting from chips to capital
• Negative Sentiment: Some investors favor Micron because of surging high-bandwidth-memory demand and a lower valuation, while comparisons with AMD and Broadcom highlight intensifying competition from custom AI silicon. NVIDIA’s large Intel investment and divided hedge-fund positioning also add to uncertainty. NVIDIA vs. Micron

Insider Activity

In other NVIDIA news, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the sale, the director owned 14,163 shares of the company's stock, valued at $3,030,882. The trade was a 4.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 company'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 owned 5,207,271 shares of the company's stock, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,901,125 shares of company stock worth $410,583,015 over the last quarter. 3.94% of the stock is currently owned by corporate insiders.

About NVIDIA

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source