Peak Financial Advisors LLC Sells 27,351 Shares of NVIDIA Corporation $NVDA

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 decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 90.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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.

Other institutional investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of NVIDIA by 2.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock worth $22,412,434,000 after buying an additional 5,896,735 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of NVIDIA by 11.4% in 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 during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of NVIDIA by 123.5% in 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 during the last quarter. Nuveen LLC acquired a new stake in shares of NVIDIA in the first quarter worth about $15,089,414,000. Finally, Amundi lifted its position in shares of NVIDIA by 16.0% in the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after buying an additional 18,733,431 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $176.57, for a total value of $13,242,750.00. Following the sale, the chief executive officer directly owned 72,023,366 shares in the company, valued at approximately $12,717,165,734.62. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dawn E. Hudson sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total value of $3,096,000.00. Following the completion of the sale, the director owned 368,887 shares in the company, valued at approximately $63,448,564. This represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,819,522 shares of company stock valued at $642,506,300. 4.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on NVDA. BNP Paribas raised NVIDIA to a "hold" rating in a research report on Friday, August 1st. UBS Group lifted their price objective on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Needham & Company LLC reiterated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Jefferies Financial Group reiterated a "buy" rating on shares of NVIDIA in a research note on Friday, September 12th. Finally, TD Cowen lifted their price objective on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $208.47.

NVIDIA Stock Performance

NVDA traded up $0.43 on Friday, hitting $176.67. 236,580,653 shares of the stock traded hands, compared to its average volume of 177,120,144. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $4.29 trillion, a PE ratio of 50.33, a P/E/G ratio of 1.27 and a beta of 2.10. The business has a fifty day moving average price of $175.73 and a two-hundred day moving average price of $143.44.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $0.68 earnings per share. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business 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. 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 is currently 1.14%.

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.