Summit Financial Strategies Inc. Buys 69 Shares of NVIDIA Corporation $NVDA

Summit Financial Strategies Inc. boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,637 shares of the computer hardware maker’s stock after buying an additional 69 shares during the quarter. Summit Financial Strategies Inc.’s holdings in NVIDIA were worth $1,839,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Pachira Investments Inc. raised its stake in shares of NVIDIA by 1.0% during the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock worth $1,019,000 after acquiring an additional 63 shares in the last quarter. HFG Wealth Management LLC increased its holdings in NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock worth $328,000 after buying an additional 68 shares during the period. Hidden Cove Wealth Management LLC increased its stake in shares of NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock worth $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 second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock worth $861,000 after buying an additional 70 shares in the last quarter. Finally, Guided Capital Wealth Management LLC boosted its holdings in NVIDIA by 0.3% during the second quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker’s stock worth $4,401,000 after buying an additional 70 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the sale, the chief executive officer directly owned 73,523,225 shares in the company, valued at $13,098,897,766. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the 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 transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,753,937 shares of company stock worth $665,807,776. Insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent analyst reports. KeyCorp reaffirmed an “overweight” rating and set a $250.00 price objective (up from $230.00) on shares of NVIDIA in a report on Tuesday, September 30th. BNP Paribas raised shares of NVIDIA to a “hold” rating in a research note on Friday, August 1st. The Goldman Sachs Group set a $210.00 price target on shares of NVIDIA and gave the company a “buy” rating in a research note on Monday, October 6th. 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 note on Wednesday, September 17th. Finally, Wells Fargo & Company boosted their price target on shares of NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 11th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $213.37.

NVIDIA Stock Up 2.8%

NVDA stock opened at $188.32 on Tuesday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62. The stock has a market capitalization of $4.58 trillion, a PE ratio of 53.65, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. 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 company has a fifty day moving average of $179.32 and a 200-day moving average of $151.57.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating 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 firm had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter last year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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