Ballew Advisors Inc Acquires 1,117 Shares of NVIDIA Corporation $NVDA

Ballew Advisors Inc lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 13.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,367 shares of the computer hardware maker’s stock after acquiring an additional 1,117 shares during the period. NVIDIA accounts for about 0.9% of Ballew Advisors Inc’s portfolio, making the stock its 25th biggest holding. Ballew Advisors Inc’s holdings in NVIDIA were worth $1,493,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Burkett Financial Services LLC boosted its stake in NVIDIA by 1.3% during the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock valued at $861,000 after buying an additional 70 shares during the last quarter. Elevate Wealth Advisory Inc. boosted its stake in NVIDIA by 1.7% during the first quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker’s stock valued at $500,000 after buying an additional 77 shares during the last quarter. Earnest Partners LLC boosted its stake in NVIDIA by 0.7% during the first quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker’s stock valued at $1,228,000 after buying an additional 81 shares during the last quarter. Retirement Wealth Solutions LLC boosted its stake in NVIDIA by 2.0% during the second quarter. Retirement Wealth Solutions LLC now owns 4,172 shares of the computer hardware maker’s stock valued at $659,000 after buying an additional 81 shares during the last quarter. Finally, High Note Wealth LLC boosted its stake in NVIDIA by 0.5% during the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker’s stock valued at $1,937,000 after buying an additional 91 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the transaction, the director owned 7,749,803 shares of the company’s stock, valued at $1,380,937,396.57. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $157.02, for a total value of $11,776,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,398,225 shares in the company, valued at approximately $11,839,029,289.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,020,022 shares of company stock valued at $677,418,500 over the last quarter. 4.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NVDA shares. Needham & Company LLC reissued a “buy” rating and set a $200.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Wedbush reissued an “outperform” rating and set a $210.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Jefferies Financial Group restated a “buy” rating on shares of NVIDIA in a research report on Friday, September 12th. Phillip Securities upgraded NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. Finally, Craig Hallum upped their price objective on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Four equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $208.47.

NVIDIA Trading Up 0.2%

Shares of NASDAQ NVDA opened at $176.67 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The business’s 50 day moving average price is $175.73 and its 200-day moving average price is $143.44. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a market cap of $4.29 trillion, a price-to-earnings ratio of 50.33, a PEG ratio of 1.27 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. NVIDIA’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

About NVIDIA

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.