Lighthouse Wealth Management Inc. Lowers Holdings in NVIDIA Corporation $NVDA

Lighthouse Wealth Management Inc. trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 10.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,819 shares of the computer hardware maker’s stock after selling 1,203 shares during the period. NVIDIA comprises about 1.3% of Lighthouse Wealth Management Inc.’s investment portfolio, making the stock its 14th biggest position. Lighthouse Wealth Management Inc.’s holdings in NVIDIA were worth $1,551,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Pachira Investments Inc. increased its holdings in NVIDIA by 1.0% in the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock valued at $1,019,000 after purchasing an additional 63 shares during the last quarter. HFG Wealth Management LLC lifted its position in shares of NVIDIA by 3.4% during the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock worth $328,000 after purchasing an additional 68 shares during the last quarter. Burkett Financial Services LLC lifted its position in shares of NVIDIA by 1.3% during the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock worth $861,000 after purchasing an additional 70 shares during the last quarter. Guided Capital Wealth Management LLC lifted its position in NVIDIA by 0.3% in the second 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 last quarter. Finally, Luts & Greenleigh Group Inc. increased its stake in NVIDIA by 0.4% in the second quarter. Luts & Greenleigh Group Inc. now owns 19,894 shares of the computer hardware maker’s stock valued at $3,143,000 after purchasing an additional 76 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer directly owned 2,883,402 shares of the company’s stock, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,022,407 shares of company stock worth $700,382,754 over the last quarter. Insiders own 4.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Daiwa Capital Markets upped their target price on shares of NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. DA Davidson raised shares of NVIDIA from a “neutral” rating to a “buy” rating and upped their price target for the stock from $195.00 to $210.00 in a research report on Thursday, September 11th. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Mizuho upped their price target on shares of NVIDIA from $192.00 to $205.00 and gave the stock an “outperform” rating in a research report on Thursday, August 14th. Finally, BNP Paribas raised shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Four analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $211.00.

NVIDIA Trading Up 2.5%

Shares of NVIDIA stock opened at $186.44 on Wednesday. The company’s fifty day moving average price is $177.20 and its two-hundred day moving average price is $146.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $187.35. The firm has a market capitalization of $4.53 trillion, a PE ratio of 53.12, a price-to-earnings-growth ratio of 1.32 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The firm’s quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared 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 of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is 1.14%.

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.