NVIDIA Corporation $NVDA Shares Sold by Peak Financial Advisors LLC

Key Points

• Peak Financial Advisors LLC significantly reduced its stake in NVIDIA by 90%, selling 27,351 shares and leaving them with only 3,047 shares valued at approximately $481,000.
• NVIDIA reported a strong quarterly earnings result, with $1.05 earnings per share and revenues of $46.74 billion, surpassing analysts' expectations.
• Multiple analysts have set high price targets for NVIDIA, with some raising their targets up to $250.00, indicating a market optimistic about the company's growth trajectory.

Peak Financial Advisors LLC cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 90.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,047 shares of the computer hardware maker's stock after selling 27,351 shares during the period. Peak Financial Advisors LLC's holdings in NVIDIA were worth $481,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Copia Wealth Management acquired a new position in shares of NVIDIA in the fourth quarter worth about $50,000. Kathleen S. Wright Associates Inc. raised its position in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the 1st quarter valued at approximately $51,000. Bruce G. Allen Investments LLC boosted its stake in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. grew its position in shares of NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after buying an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the topic of several recent analyst reports. Morgan Stanley upped their price target on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. New Street Research boosted their target price on shares of NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Robert W. Baird increased their price target on shares of NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. Evercore ISI lifted their price target on NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Finally, Wolfe Research upped their price objective on NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $208.47.

Insider Buying and Selling

In other NVIDIA news, Director Stephen C. Neal sold 28,000 shares of NVIDIA stock in a transaction on Friday, September 12th. The stock was sold at an average price of $177.58, for a total transaction of $4,972,240.00. Following the sale, the director owned 143,410 shares of the company's stock, valued at $25,466,747.80. The trade was a 16.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,164,341 shares of company stock valued at $706,280,810 in the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA traded up $6.94 during midday trading on Monday, reaching $183.61. 268,372,112 shares of the company traded hands, compared to its average volume of 180,339,776. The firm has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 52.31, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The company has a fifty day moving average price of $176.12 and a 200 day moving average price of $144.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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. The company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

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.