Legacy Financial Advisors Inc. Sells 292 Shares of NVIDIA Corporation $NVDA

Legacy Financial Advisors Inc. cut its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,845 shares of the computer hardware maker’s stock after selling 292 shares during the period. NVIDIA accounts for 1.8% of Legacy Financial Advisors Inc.’s portfolio, making the stock its 14th largest holding. Legacy Financial Advisors Inc.’s holdings in NVIDIA were worth $11,038,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. increased its stake in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock worth $9,610,000 after purchasing an additional 864 shares in the last quarter. Centerpoint Advisory Group lifted its position in NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after purchasing an additional 943 shares during the last quarter. GSB Wealth Management LLC lifted its position in NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after purchasing an additional 1,043 shares during the last quarter. Variant Private Wealth LLC lifted its position in NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after purchasing an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc lifted its position in NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after purchasing an additional 1,265 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $177.33 on Thursday. The firm has a market cap of $4.31 trillion, a PE ratio of 50.52, a PEG ratio of 1.24 and a beta of 2.10. The firm has a fifty day moving average of $173.69 and a 200 day moving average of $140.91. 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 one year low of $86.62 and a one year high of $184.48.

NVIDIA (NASDAQ:NVDA) last issued its quarterly 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 company had revenue of $46.74 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend 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 presently 1.14%.

Insiders Place Their Bets

In other news, Director Dawn E. Hudson sold 18,000 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director owned 368,887 shares of the company’s stock, valued at $63,448,564. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the sale, the chief executive officer directly owned 72,398,366 shares of the company’s stock, valued at $12,286,726,693.86. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,832,755 shares of company stock valued at $619,935,680 in the last ninety days. Insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NVDA. Robert W. Baird raised their target price on shares of NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Wolfe Research raised their target price on shares of NVIDIA from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Rosenblatt Securities raised their target price on shares of NVIDIA from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, August 27th. Finally, Phillip Securities raised shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $207.42.

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.