Sara Bay Financial Sells 13,203 Shares of NVIDIA Corporation $NVDA

Key Points

• Sara Bay Financial reduced its stake in NVIDIA Corporation by 3.8%, selling 13,203 shares during the second quarter, and now holds a total of 338,092 shares valued at approximately $53.4 million.
• Several institutional investors, including Pachira Investments Inc. and HFG Wealth Management LLC, have increased their stakes in NVIDIA, reflecting ongoing interest in the company.
• NVIDIA's stock price reached a 52-week high of $191.05, with recent analyst upgrades pushing target prices significantly higher, indicating strong market confidence.

Sara Bay Financial lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 338,092 shares of the computer hardware maker's stock after selling 13,203 shares during the quarter. NVIDIA makes up about 19.1% of Sara Bay Financial's holdings, making the stock its biggest position. Sara Bay Financial's holdings in NVIDIA were worth $53,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pachira Investments Inc. raised its holdings in NVIDIA by 1.0% during the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock worth $1,019,000 after purchasing an additional 63 shares in the last quarter. HFG Wealth Management LLC increased its holdings in shares of NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after acquiring an additional 68 shares during the period. Hidden Cove Wealth Management LLC increased its holdings in shares of NVIDIA by 0.3% in the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock valued at $3,757,000 after acquiring an additional 69 shares during the period. Burkett Financial Services LLC increased its holdings in shares of NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after acquiring an additional 70 shares during the period. Finally, Guided Capital Wealth Management LLC increased its holdings in shares of NVIDIA by 0.3% in the 2nd quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock valued at $4,401,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Cowen lifted their target price on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Evercore ISI lifted their target price on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, September 23rd. Mizuho lifted their target price on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Morgan Stanley lifted their target price on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Finally, BNP Paribas raised shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $211.00.

NVIDIA Price Performance

NVIDIA stock opened at $187.62 on Friday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $191.05. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm's 50-day simple moving average is $178.11 and its 200 day simple moving average is $148.36. The firm has a market capitalization of $4.56 trillion, a PE ratio of 53.45, a P/E/G ratio of 1.36 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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 business 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 firm earned $0.68 EPS. The business's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the company's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the transaction, the chief financial officer directly owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. This represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $186.61, for a total transaction of $13,995,750.00. Following the completion of the transaction, the chief executive officer owned 71,083,203 shares in the company, valued at approximately $13,264,836,511.83. This trade represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,097,407 shares of company stock valued at $714,378,504 over the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

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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