Lake Hills Wealth Management LLC Buys Shares of 5,334 NVIDIA Corporation $NVDA

Key Points

• Lake Hills Wealth Management LLC acquired 5,334 shares of NVIDIA Corporation, valued at approximately $843,000, making it the firm's 25th largest holding.
• Insiders, including CEO Jensen Huang, sold significant shares totaling over $740 million recently, with Huang shedding 75,000 shares and director Mark A. Stevens selling 350,000 shares.
• NVIDIA reported earnings of $1.05 per share for the latest quarter, surpassing analysts' estimates, with a notable year-over-year revenue increase of 55.6%.

Lake Hills Wealth Management LLC bought a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,334 shares of the computer hardware maker's stock, valued at approximately $843,000. NVIDIA comprises 0.5% of Lake Hills Wealth Management LLC's investment portfolio, making the stock its 25th biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of NVDA. Brighton Jones LLC boosted its holdings in NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after purchasing an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE raised its stake in shares of NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after acquiring an additional 3,653 shares during the period. Hudson Value Partners LLC lifted its holdings in shares of NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in shares of NVIDIA by 1.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 737,749 shares of the computer hardware maker's stock worth $99,072,000 after purchasing an additional 13,700 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the transaction, the chief executive officer owned 74,873,225 shares in the company, valued at approximately $12,212,571,729.75. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,302,450 shares of company stock worth $740,755,443. Corporate insiders own 4.17% of the company's stock.

NVIDIA Trading Down 0.8%

Shares of NASDAQ:NVDA opened at $176.97 on Thursday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.55. The company's 50 day moving average is $176.39 and its two-hundred day moving average is $144.81. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.30 trillion, a PE ratio of 50.42, a P/E/G ratio of 1.29 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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 net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the prior year, the firm posted $0.68 EPS. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business 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 $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 dividend payout ratio is presently 1.14%.

Analyst Ratings Changes

A number of research firms recently weighed in on NVDA. Needham & Company LLC reaffirmed a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Truist Financial increased their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Raymond James Financial increased their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Robert W. Baird increased their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. Finally, Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.76.

NVIDIA Company 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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