KAMES CAPITAL plc cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 14.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 112,136 shares of the computer hardware maker’s stock after selling 19,389 shares during the period. KAMES CAPITAL plc’s holdings in NVIDIA Corporation were worth $16,204,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in NVDA. Wellington Management Group LLP increased its position in shares of NVIDIA Corporation by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock worth $447,156,000 after buying an additional 3,419,701 shares during the period. Vanguard Group Inc. increased its position in shares of NVIDIA Corporation by 7.4% in the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock worth $4,093,612,000 after buying an additional 2,597,209 shares during the period. Ameriprise Financial Inc. increased its position in shares of NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock worth $572,695,000 after buying an additional 1,672,231 shares during the period. Winslow Capital Management LLC acquired a new position in shares of NVIDIA Corporation during the first quarter worth about $126,231,000. Finally, WINTON GROUP Ltd increased its position in shares of NVIDIA Corporation by 290.5% in the first quarter. WINTON GROUP Ltd now owns 1,552,770 shares of the computer hardware maker’s stock worth $106,396,000 after buying an additional 1,155,115 shares during the period. 68.83% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Corporation (NASDAQ NVDA) opened at 167.50 on Friday. The firm has a market capitalization of $99.66 billion, a price-to-earnings ratio of 56.23 and a beta of 1.23. The company’s 50-day moving average price is $153.14 and its 200 day moving average price is $120.55. NVIDIA Corporation has a 52-week low of $53.02 and a 52-week high of $168.50.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.16. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The firm’s revenue was up 48.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. Equities analysts predict that NVIDIA Corporation will post $3.09 earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on NVDA shares. Vetr raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 price target for the company in a report on Monday, June 12th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $130.00 price objective on shares of NVIDIA Corporation in a report on Friday, April 14th. Canaccord Genuity reissued a “buy” rating on shares of NVIDIA Corporation in a report on Saturday, June 3rd. Wells Fargo & Company reissued an “underperform” rating and issued a $75.00 price objective (up from $68.00) on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Finally, Zacks Investment Research downgraded NVIDIA Corporation from a “hold” rating to a “sell” rating in a report on Thursday, April 13th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $133.80.
In other NVIDIA Corporation news, Director Persis Drell sold 2,500 shares of NVIDIA Corporation stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $130.02, for a total value of $325,050.00. Following the sale, the director now owns 24,652 shares of the company’s stock, valued at approximately $3,205,253.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $129.48, for a total value of $6,474,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 622,282 shares of company stock worth $93,304,082 in the last ninety days. 5.82% of the stock is currently owned by company insiders.
About NVIDIA Corporation
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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