Horizon Investment Services LLC Acquires 21,294 Shares of NVIDIA Corporation $NVDA

Key Points

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Horizon Investment Services LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 114,904 shares of the computer hardware maker's stock after buying an additional 21,294 shares during the period. NVIDIA makes up approximately 6.0% of Horizon Investment Services LLC's holdings, making the stock its biggest holding. Horizon Investment Services LLC's holdings in NVIDIA were worth $12,453,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Edgemoor Investment Advisors Inc. raised its holdings in NVIDIA by 0.8% during the 1st quarter. Edgemoor Investment Advisors Inc. now owns 171,271 shares of the computer hardware maker's stock worth $18,562,000 after buying an additional 1,276 shares during the period. PCA Investment Advisory Services Inc. raised its holdings in NVIDIA by 90.2% during the 1st quarter. PCA Investment Advisory Services Inc. now owns 19,400 shares of the computer hardware maker's stock worth $2,103,000 after buying an additional 9,201 shares during the period. Wealth Dimensions Group Ltd. raised its holdings in NVIDIA by 3.1% during the 1st quarter. Wealth Dimensions Group Ltd. now owns 49,476 shares of the computer hardware maker's stock worth $5,362,000 after buying an additional 1,472 shares during the period. Arcadia Wealth Management LLC raised its holdings in NVIDIA by 9.7% during the 1st quarter. Arcadia Wealth Management LLC now owns 5,727 shares of the computer hardware maker's stock worth $621,000 after buying an additional 508 shares during the period. Finally, Gallacher Capital Management LLC raised its holdings in NVIDIA by 5.6% during the 1st quarter. Gallacher Capital Management LLC now owns 6,943 shares of the computer hardware maker's stock worth $752,000 after buying an additional 366 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the transaction, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the completion of the transaction, the chief executive officer directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,912,440 shares of company stock worth $902,886,782 over the last quarter. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Down 0.3%

Shares of NASDAQ:NVDA traded down $0.5280 during midday trading on Thursday, hitting $174.8720. 95,583,168 shares of the stock were exchanged, compared to its average volume of 240,072,125. The stock has a market capitalization of $4.27 trillion, a price-to-earnings ratio of 56.39, a P/E/G ratio of 1.54 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The business's 50-day moving average price is $166.03 and its 200 day moving average price is $136.50. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The business's revenue for the quarter was up 69.2% on a year-over-year basis. NVIDIA has set its Q2 2026 guidance at EPS. Analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.29%.

Analyst Ratings Changes

NVDA has been the topic of several research analyst reports. Loop Capital raised their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. TD Cowen raised their price target on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday. UBS Group raised their price target on shares of NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday. Rosenblatt Securities raised their target price on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Wells Fargo & Company raised their target price on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $191.78.

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.