HBW Advisory Services LLC Has $8.23 Million Position in NVIDIA Corporation $NVDA

Key Points

• HBW Advisory Services LLC significantly increased its holdings in NVIDIA Corporation by 63.8% in Q2, now owning 52,102 shares valued at approximately $8.23 million.
• In a recent insider transaction, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock for about $13.24 million, reducing his ownership by 0.10%.
• NVIDIA's quarterly earnings showed a 55.6% increase year-over-year in revenue, with earnings per share surpassing analyst estimates at $1.05.

HBW Advisory Services LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 63.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,102 shares of the computer hardware maker's stock after buying an additional 20,298 shares during the quarter. NVIDIA accounts for approximately 1.0% of HBW Advisory Services LLC's investment portfolio, making the stock its 20th largest position. HBW Advisory Services LLC's holdings in NVIDIA were worth $8,232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Burkett Financial Services LLC increased its position in NVIDIA by 1.3% during the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after purchasing an additional 70 shares during the period. Elevate Wealth Advisory Inc. increased its position in NVIDIA by 1.7% during the 1st quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker's stock valued at $500,000 after purchasing an additional 77 shares during the period. Earnest Partners LLC increased its position in NVIDIA by 0.7% during the 1st quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker's stock valued at $1,228,000 after purchasing an additional 81 shares during the period. High Note Wealth LLC increased its position in NVIDIA by 0.5% during the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock valued at $1,937,000 after purchasing an additional 91 shares during the period. Finally, Kelly Financial Services LLC increased its position in NVIDIA by 2.0% during the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $176.57, for a total value of $13,242,750.00. Following the completion of the sale, the chief executive officer directly owned 72,023,366 shares of the company's stock, valued at approximately $12,717,165,734.62. This represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen C. Neal sold 28,000 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $177.58, for a total value of $4,972,240.00. Following the sale, the director directly owned 143,410 shares of the company's stock, valued at approximately $25,466,747.80. This represents a 16.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,975,304 shares of company stock valued at $665,001,763. 4.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wolfe Research increased 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. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. BNP Paribas upgraded NVIDIA to a "hold" rating in a report on Friday, August 1st. JPMorgan Chase & Co. restated an "overweight" rating and set a $215.00 price target on shares of NVIDIA in a report on Thursday, September 4th. Finally, Jefferies Financial Group increased their price target on NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.83.

NVIDIA Trading Down 1.6%

NASDAQ NVDA opened at $174.88 on Wednesday. The firm has a market capitalization of $4.25 trillion, a P/E ratio of 49.82, a PEG ratio of 1.29 and a beta of 2.10. The business has a fifty day simple moving average of $175.11 and a 200 day simple moving average of $142.40. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. 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 - Get Free Report) last released its quarterly 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. The business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

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.

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