Legacy Financial Strategies LLC Buys 2,142 Shares of NVIDIA Corporation $NVDA

Key Points

• Legacy Financial Strategies LLC increased its stake in NVIDIA Corporation by 4.5%, acquiring an additional 2,142 shares and holding a total of 49,470 shares, valued at approximately $7.82 million.
• Director Harvey C. Jones sold 250,000 shares of NVIDIA for about $44.05 million, while Director Mark A. Stevens sold 350,000 shares for approximately $61.74 million, both resulting in a decrease in their holdings.
• NVIDIA's stock price increased by 0.3%, with a reported quarterly revenue of $46.74 billion, up 55.6% year-over-year, and earnings per share of $1.05, exceeding analysts' expectations.

Legacy Financial Strategies LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 49,470 shares of the computer hardware maker's stock after purchasing an additional 2,142 shares during the period. NVIDIA makes up approximately 1.5% of Legacy Financial Strategies LLC's portfolio, making the stock its 10th biggest holding. Legacy Financial Strategies LLC's holdings in NVIDIA were worth $7,816,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. grew its position in shares of NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after acquiring an additional 864 shares during the period. Centerpoint Advisory Group grew its position in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after acquiring an additional 943 shares during the period. GSB Wealth Management LLC grew its position in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after acquiring an additional 1,043 shares during the period. Variant Private Wealth LLC grew its position in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after acquiring an additional 3,206 shares during the period. Finally, Financial Perspectives Inc lifted its position in shares of NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after acquiring an additional 1,265 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 350,000 shares of the firm'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 directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,176,470 shares of company stock valued at $720,979,162 over the last quarter. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Up 0.3%

Shares of NASDAQ NVDA opened at $178.19 on Friday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.55. The firm's 50 day moving average price is $176.60 and its 200 day moving average price is $145.78. The firm has a market cap of $4.33 trillion, a P/E ratio of 50.77, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA's revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wolfe Research raised their target price on shares of NVIDIA from $220.00 to $230.00 in a research note on Tuesday. JPMorgan Chase & Co. restated a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a research note on Friday, September 19th. Wall Street Zen upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Wedbush restated an "outperform" rating and issued a $210.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Stifel Nicolaus upped their target price on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a report on Monday, August 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $209.82.

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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