NVIDIA Corporation $NVDA Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 6.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 59,350 shares of the computer hardware maker’s stock after buying an additional 3,637 shares during the quarter. Sound Income Strategies LLC’s holdings in NVIDIA were worth $9,377,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 2nd quarter valued at about $55,000. Kathleen S. Wright Associates Inc. grew its stake in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. Westend Capital Management LLC grew its stake in NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after purchasing an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the 1st quarter valued at about $51,000. Finally, Bruce G. Allen Investments LLC grew its stake in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the transaction, the chief executive officer owned 73,523,225 shares of the company’s stock, valued at $13,098,897,766. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,801,587 shares of company stock valued at $673,950,484 over the last quarter. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Performance

Shares of NVDA stock opened at $183.16 on Monday. The business’s 50 day moving average is $179.16 and its two-hundred day moving average is $151.02. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62. The company has a market capitalization of $4.45 trillion, a P/E ratio of 52.18, a P/E/G ratio of 1.32 and a beta of 2.12. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The business’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was 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%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NVDA shares. Phillip Securities upgraded NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 14th. Barclays reaffirmed an “overweight” rating and set a $240.00 target price (up from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a report on Tuesday, September 23rd. The Goldman Sachs Group set a $210.00 target price on NVIDIA and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, Bank of America raised their target price on NVIDIA from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $212.84.

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.