Sound Income Strategies LLC Buys 3,637 Shares of NVIDIA Corporation $NVDA

Key Points

• Sound Income Strategies LLC increased its stake in NVIDIA Corporation by 6.5% in Q2, owning 59,350 shares valued at $9.38 million after purchasing an additional 3,637 shares.
• Significant insider selling occurred, with Director Mark A. Stevens offloading 350,000 shares worth approximately $61.7 million and Director Harvey C. Jones selling 250,000 shares for about $44.1 million.
• NVIDIA's quarterly earnings topped estimates, reporting $46.74 billion in revenue and $1.05 EPS, a 55.6% increase year-over-year.

Sound Income Strategies LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 59,350 shares of the computer hardware maker's stock after purchasing an additional 3,637 shares during the quarter. Sound Income Strategies LLC's holdings in NVIDIA were worth $9,377,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pachira Investments Inc. boosted its holdings in NVIDIA by 1.0% during the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after acquiring an additional 63 shares during the period. HFG Wealth Management LLC boosted its holdings in NVIDIA by 3.4% during the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after acquiring an additional 68 shares during the period. Hidden Cove Wealth Management LLC boosted its holdings in NVIDIA by 0.3% during the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock valued at $3,757,000 after acquiring an additional 69 shares during the period. Burkett Financial Services LLC boosted its holdings 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 acquiring an additional 70 shares during the period. Finally, Guided Capital Wealth Management LLC boosted its holdings in NVIDIA by 0.3% during the 2nd quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock valued at $4,401,000 after acquiring an additional 70 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction dated 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 directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,801,587 shares of company stock valued at $673,950,484. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Mizuho boosted their price objective on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Stifel Nicolaus upped their target price on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a report on Monday, August 25th. Wolfe Research upped their target price on NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. Craig Hallum upped their target price on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, Wall Street Zen cut NVIDIA from a "buy" rating to a "hold" rating in a report on Saturday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $212.84.

NVIDIA Trading Down 4.9%

NVDA opened at $183.16 on Monday. The firm has a market cap of $4.45 trillion, a price-to-earnings ratio of 52.18, a PEG ratio of 1.32 and a beta of 2.12. 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 Corporation has a 12 month low of $86.62 and a 12 month high of $195.62. The stock has a fifty day moving average price of $179.16 and a 200-day moving average price of $151.02.

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, topping the consensus estimate of $1.01 by $0.04. The firm 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%.The business's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

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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