Thoroughbred Financial Services LLC Lowers Holdings in NVIDIA Corporation $NVDA

Key Points

• Thoroughbred Financial Services LLC reduced its holdings in NVIDIA Corporation by 16.8%, owning 606,090 shares worth approximately $65.69 million.
• Despite the reduction by Thoroughbred Financial Services, other institutional investors have shown increasing interest in NVIDIA, with Kathleen S. Wright Associates Inc. boosting their position by 169.3%.
• NVIDIA reported $1.05 earnings per share for the latest quarter, surpassing consensus estimates, and set its guidance for fiscal year Q3 2026 at a projected EPS of 2.77.

Thoroughbred Financial Services LLC reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 16.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 606,090 shares of the computer hardware maker's stock after selling 122,405 shares during the quarter. NVIDIA accounts for 4.1% of Thoroughbred Financial Services LLC's holdings, making the stock its 2nd biggest position. Thoroughbred Financial Services LLC's holdings in NVIDIA were worth $65,688,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Kathleen S. Wright Associates Inc. raised its holdings in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the period. Copia Wealth Management purchased a new position in NVIDIA during the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Finally, LSV Asset Management purchased a new position in NVIDIA during the fourth quarter valued at approximately $54,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

Shares of NVIDIA stock traded down $4.64 on Friday, reaching $167.02. The stock had a trading volume of 223,875,375 shares, compared to its average volume of 167,410,624. The business's 50-day moving average price is $172.73 and its two-hundred day moving average price is $140.20. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The stock has a market cap of $4.06 trillion, a P/E ratio of 47.58, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10.

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 firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm 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 $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,872,755 shares of company stock worth $764,283,330. Corporate insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. UBS Group boosted their price objective on shares of NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Benchmark boosted their target price on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, August 27th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $207.69.

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.