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

Peak Financial Advisors LLC cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 90.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 large investors have also recently bought and sold shares of the stock. Nuveen LLC bought a new stake in shares of NVIDIA during the first quarter worth $15,089,414,000. Goldman Sachs Group Inc. raised its position in shares of NVIDIA by 123.5% during 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 purchasing an additional 103,889,872 shares during the period. GAMMA Investing LLC raised its position in shares of NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock worth $3,864,026,000 after buying an additional 23,948,733 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in NVIDIA in the fourth quarter valued at approximately $2,987,733,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Up 3.5%

Shares of NVDA stock opened at $176.24 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The business’s fifty day moving average is $175.50 and its 200 day moving average is $143.02. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The company has a market capitalization of $4.28 trillion, a PE ratio of 50.21, a price-to-earnings-growth ratio of 1.23 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue 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 anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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 issued a $0.01 dividend. The ex-dividend date is 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 Activity at NVIDIA

In related news, Director Mark A. Stevens sold 297,797 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the transaction, the director owned 7,749,803 shares in the company, valued at $1,380,937,396.57. The trade was a 3.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay K. Puri sold 168,195 shares of the business’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,819,522 shares of company stock worth $642,506,300 in the last 90 days. Company insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Truist Financial raised their price objective on NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Loop Capital boosted their price objective on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $225.00 price target (up previously from $185.00) on shares of NVIDIA in a research report on Thursday, August 28th. Mizuho upped their target price on NVIDIA from $192.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company upped their price target on NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, August 11th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $208.47.

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.