Hubbell Strickland Wealth Management LLC Purchases 117 Shares of NVIDIA Corporation $NVDA

Hubbell Strickland Wealth Management LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,416 shares of the computer hardware maker’s stock after acquiring an additional 117 shares during the quarter. NVIDIA accounts for about 0.6% of Hubbell Strickland Wealth Management LLC’s holdings, making the stock its 26th largest position. Hubbell Strickland Wealth Management LLC’s holdings in NVIDIA were worth $1,330,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the 2nd quarter valued at $55,000. Kathleen S. Wright Associates Inc. boosted its position in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. Westend Capital Management LLC increased its stake in NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after acquiring an additional 145 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA in the first quarter worth about $51,000. Finally, Campbell Capital Management Inc. lifted its stake in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after purchasing an additional 590 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. BNP Paribas upgraded NVIDIA to a “hold” rating in a research note on Friday, August 1st. KeyCorp reiterated an “overweight” rating and issued a $250.00 price target (up from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Wolfe Research boosted their target price on shares of NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $220.00 target price (up previously from $205.00) on shares of NVIDIA in a report on Monday, September 29th. Five investment analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $222.23.

NVIDIA Stock Up 1.0%

Shares of NASDAQ NVDA opened at $182.16 on Friday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62. The firm’s 50-day simple moving average is $179.35 and its 200 day simple moving average is $155.20. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.43 trillion, a price-to-earnings ratio of 51.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.12.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total value of $5,014,448.80. Following the transaction, the chief financial officer owned 2,855,762 shares in the company, valued at $518,092,342.04. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $179.91, for a total value of $13,493,250.00. Following the sale, the chief executive officer directly owned 69,958,203 shares of the company’s stock, valued at $12,586,180,301.73. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,801,577 shares of company stock valued at $678,643,875 over the last three months. Insiders own 4.17% of the company’s stock.

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.