Rollins Financial Advisors LLC Sells 21,467 Shares of NVIDIA Corporation $NVDA

Key Points

• Rollins Financial Advisors LLC reduced its stake in NVIDIA Corporation by 30.9%, selling 21,467 shares and maintaining 47,988 shares in total, which represent about 0.9% of its investment portfolio.
• NVIDIA's stock recently showed an increase of 0.4%, with its market cap reaching $4.32 trillion, and has reported a net margin of 52.41% for the latest quarter.
• The company declared a quarterly dividend of $0.01, with a payout ratio of 1.14%, set to be paid out to shareholders of record.

Rollins Financial Advisors LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,988 shares of the computer hardware maker's stock after selling 21,467 shares during the quarter. NVIDIA comprises about 0.9% of Rollins Financial Advisors LLC's investment portfolio, making the stock its 22nd largest holding. Rollins Financial Advisors LLC's holdings in NVIDIA were worth $5,201,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NVDA. Kathleen S. Wright Associates Inc. increased its position in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the period. Copia Wealth Management bought a new position in NVIDIA in the 4th quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its holdings in NVIDIA by 198.2% in 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 period. Finally, Campbell Capital Management Inc. increased its holdings in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after buying an additional 590 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Up 0.4%

NASDAQ:NVDA opened at $177.82 on Monday. The firm's 50 day simple moving average is $174.42 and its 200 day simple moving average is $141.80. 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 one year low of $86.62 and a one year high of $184.48. The company has a market cap of $4.32 trillion, a PE ratio of 50.66, a P/E/G ratio of 1.29 and a beta of 2.10.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is 1.14%.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 608,248 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total transaction of $88,354,104.48. Following the transaction, the director owned 8,247,600 shares in the company, valued at $1,198,046,376. The trade was a 6.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,907,755 shares of company stock worth $633,253,430. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NVDA shares. Benchmark raised their target price on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Citigroup decreased their target price on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, September 8th. Barclays raised their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. The Goldman Sachs Group reissued a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, August 27th. Finally, Mizuho raised their price target on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $207.83.

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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