Beech Hill Advisors Inc. Has $788,000 Position in NVIDIA Corporation (NASDAQ:NVDA)

Beech Hill Advisors Inc. reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,448 shares of the computer hardware maker’s stock after selling 348 shares during the period. Beech Hill Advisors Inc.’s holdings in NVIDIA Corporation were worth $788,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Main Street Research LLC boosted its position in NVIDIA Corporation by 211.6% in the second quarter. Main Street Research LLC now owns 9,266 shares of the computer hardware maker’s stock worth $1,340,000 after buying an additional 6,292 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in NVIDIA Corporation by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 36,900 shares of the computer hardware maker’s stock worth $5,334,000 after buying an additional 700 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in NVIDIA Corporation by 9.1% in the second quarter. Nisa Investment Advisors LLC now owns 162,692 shares of the computer hardware maker’s stock worth $23,513,000 after buying an additional 13,620 shares in the last quarter. Grimes & Company Inc. acquired a new position in NVIDIA Corporation during the second quarter worth about $231,000. Finally, Asset Dedication LLC boosted its position in NVIDIA Corporation by 22.0% in the second quarter. Asset Dedication LLC now owns 3,332 shares of the computer hardware maker’s stock worth $478,000 after buying an additional 601 shares in the last quarter. 68.83% of the stock is owned by institutional investors and hedge funds.

NVIDIA Corporation (NVDA) traded up 0.51% during midday trading on Friday, reaching $168.35. The company had a trading volume of 3,493,617 shares. The stock has a market capitalization of $100.17 billion, a PE ratio of 56.51 and a beta of 1.23. The company has a 50-day moving average of $153.14 and a 200-day moving average of $120.55. NVIDIA Corporation has a 12-month low of $53.02 and a 12-month high of $168.74.

NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. The firm’s quarterly revenue was up 48.7% compared to the same quarter last year. On average, analysts predict that NVIDIA Corporation will post $3.09 EPS for the current fiscal year.

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A number of research firms have issued reports on NVDA. Canaccord Genuity reiterated a “buy” rating and issued a $155.00 target price on shares of NVIDIA Corporation in a research report on Monday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA Corporation in a research report on Thursday, July 13th. SunTrust Banks, Inc. upgraded NVIDIA Corporation from a “hold” rating to a “buy” rating and lifted their target price for the company from $155.88 to $177.00 in a research report on Wednesday, July 12th. Vetr cut NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $174.02 target price on the stock. in a research report on Tuesday, July 11th. Finally, BidaskClub upgraded NVIDIA Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $133.80.

In other news, Director Persis Drell sold 2,500 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $130.02, for a total value of $325,050.00. Following the completion of the transaction, the director now owns 24,652 shares in the company, valued at $3,205,253.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $150.29, for a total value of $15,029,000.00. Following the completion of the transaction, the director now owns 30,762 shares of the company’s stock, valued at approximately $4,623,220.98. The disclosure for this sale can be found here. Insiders sold 622,282 shares of company stock valued at $93,304,082 in the last 90 days. Company insiders own 5.82% of the company’s stock.

NVIDIA Corporation Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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