Peak Financial Management Inc. Sells 2,638 Shares of NVIDIA Corporation $NVDA

Key Points

• Peak Financial Management Inc. has reduced its stake in NVIDIA Corporation by 8.3%, now holding 29,069 shares worth approximately $3.15 million, after selling 2,638 shares.
• Insider transactions included a significant sale by Director Mark A. Stevens, who sold 608,248 shares for over $88 million, while NVIDIA also reported a quarterly earnings beat with $1.05 EPS.
• Recent analyst ratings for NVIDIA indicate a strong outlook, with multiple firms upgrading their price targets and the stock currently receiving an average rating of "Moderate Buy."

Peak Financial Management Inc. trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,069 shares of the computer hardware maker's stock after selling 2,638 shares during the period. NVIDIA makes up approximately 0.9% of Peak Financial Management Inc.'s investment portfolio, making the stock its 26th largest position. Peak Financial Management Inc.'s holdings in NVIDIA were worth $3,151,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in NVIDIA by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after buying an additional 3,721,331 shares in the last quarter. Northern Trust Corp grew its stake in NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in NVIDIA by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock worth $26,978,618,000 after buying an additional 20,494,402 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after buying an additional 103,889,872 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of NVIDIA by 6.5% in the 4th quarter. Capital World Investors now owns 140,921,614 shares of the computer hardware maker's stock valued at $18,925,009,000 after purchasing an additional 8,555,411 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, Director Dawn E. Hudson sold 18,000 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the sale, the director directly owned 368,887 shares of the company's stock, valued at $63,448,564. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the sale, the chief executive officer directly owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,907,755 shares of company stock worth $633,253,430 over the last quarter. Company insiders own 4.17% of the company's stock.

NVIDIA Trading Up 0.2%

Shares of NVDA stock traded up $0.41 during trading hours on Friday, hitting $177.58. 84,030,391 shares of the company were exchanged, compared to its average volume of 235,778,656. The firm has a market cap of $4.32 trillion, a P/E ratio of 50.61, a P/E/G ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a 50 day simple moving average of $174.05 and a two-hundred day simple moving average of $141.23.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the firm posted $0.68 EPS. The company's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Morgan Stanley raised their price target on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. TD Cowen raised their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, August 19th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, August 27th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $207.83.

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.