NVIDIA Corporation $NVDA Shares Sold by Focus Financial Network Inc.

Key Points

• Focus Financial Network Inc. has reduced its stake in NVIDIA Corporation by 12.5%, selling 237,146 shares during the second quarter, while still making it the firm's largest position, accounting for about 10.4% of its holdings.
• NVIDIA reported an earnings per share of $1.05, surpassing analysts' expectations, and has seen a 55.6% year-over-year increase in revenue, totaling $46.74 billion for the quarter.
• Several analysts have raised their price targets for NVIDIA, with Daiwa Capital Markets setting a new target of $205.00 and KeyCorp adjusting theirs to $230.00, reflecting strong analyst sentiment towards the stock.

Focus Financial Network Inc. lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,659,989 shares of the computer hardware maker's stock after selling 237,146 shares during the quarter. NVIDIA makes up approximately 10.4% of Focus Financial Network Inc.'s holdings, making the stock its largest position. Focus Financial Network Inc.'s holdings in NVIDIA were worth $262,280,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. HFG Wealth Management LLC raised its position in shares of NVIDIA by 3.4% during the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock worth $328,000 after purchasing an additional 68 shares during the period. Burkett Financial Services LLC raised its position in shares of NVIDIA by 1.3% during the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock worth $861,000 after purchasing an additional 70 shares during the period. Elevate Wealth Advisory Inc. raised its position in shares of NVIDIA by 1.7% during the first quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker's stock worth $500,000 after purchasing an additional 77 shares during the period. Ehrlich Financial Group raised its position in shares of NVIDIA by 2.4% during the second quarter. Ehrlich Financial Group now owns 3,354 shares of the computer hardware maker's stock worth $530,000 after purchasing an additional 80 shares during the period. Finally, Earnest Partners LLC raised its position in shares of NVIDIA by 0.7% during the first quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker's stock worth $1,228,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

NVDA opened at $176.97 on Thursday. The firm has a market capitalization of $4.30 trillion, a P/E ratio of 50.42, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. The stock's 50 day moving average price is $176.39 and its two-hundred day moving average price is $144.81. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the firm posted $0.68 EPS. The company's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,302,450 shares of company stock worth $740,755,443 in the last 90 days. 4.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NVDA shares. Daiwa Capital Markets increased their price objective on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 17th. KeyCorp reaffirmed an "overweight" rating and issued a $230.00 target price (up from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Wedbush reaffirmed an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Barclays reaffirmed an "overweight" rating on shares of NVIDIA in a research report on Monday. Finally, Citigroup lowered their price objective on NVIDIA from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, September 8th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $208.76.

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.

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