NVIDIA Corporation $NVDA Stake Boosted by Lifelong Wealth Advisors Inc.

Key Points

• Lifelong Wealth Advisors Inc. increased its stake in NVIDIA Corporation by 47.9% in the second quarter, owning 5,220 shares worth approximately $825,000.
• NVIDIA's stock price has risen by 3.9%, with the company reporting a 55.6% year-over-year increase in revenue, totaling $46.74 billion for the latest quarter.
• Recent analyst reports indicate a strong outlook for NVIDIA, with price targets reaching as high as $245 and a consensus rating of "Moderate Buy".

Lifelong Wealth Advisors Inc. grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 47.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,220 shares of the computer hardware maker's stock after acquiring an additional 1,691 shares during the period. Lifelong Wealth Advisors Inc.'s holdings in NVIDIA were worth $825,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Copia Wealth Management bought a new stake in NVIDIA in the fourth quarter worth $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA in the first quarter worth $51,000. Bruce G. Allen Investments LLC boosted its holdings in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. boosted its stake in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 3.9%

Shares of NASDAQ NVDA opened at $183.61 on Tuesday. The stock has a market cap of $4.46 trillion, a PE ratio of 52.31, a PEG ratio of 1.28 and a beta of 2.10. The business has a fifty day moving average of $176.12 and a two-hundred day moving average of $144.35. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.55. 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 issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (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 company had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period last year, the business earned $0.68 earnings per share. The business's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 297,797 shares of NVIDIA stock in a transaction on Friday, September 12th. The shares were sold at an average price of $178.19, for a total value of $53,064,447.43. Following the completion of the transaction, the director owned 7,749,803 shares of the company's stock, valued at approximately $1,380,937,396.57. The trade was a 3.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,109,874 shares of company stock worth $698,280,697. 4.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on NVDA. Craig Hallum upped their price target on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $240.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Wolfe Research upped their price objective on shares of NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Barclays reaffirmed an "overweight" rating on shares of NVIDIA in a report on Monday. Finally, Wall Street Zen upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $208.47.

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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