Brave Asset Management Inc. Has $1.71 Million Position in NVIDIA Corporation (NASDAQ:NVDA)

Brave Asset Management Inc. boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 17.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,810 shares of the computer hardware maker’s stock after buying an additional 1,729 shares during the period. Brave Asset Management Inc.’s holdings in NVIDIA Corporation were worth $1,707,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NVDA. Quadrant Capital Group LLC increased its position in shares of NVIDIA Corporation by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock valued at $105,000 after buying an additional 157 shares during the period. TB Alternative Assets Ltd. purchased a new position in shares of NVIDIA Corporation during the second quarter valued at about $116,000. Proficio Capital Partners LLC increased its position in shares of NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after buying an additional 547 shares during the period. Coconut Grove Bank increased its position in shares of NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock valued at $132,000 after buying an additional 1,060 shares during the period. Finally, Founders Capital Management increased its position in shares of NVIDIA Corporation by 25.0% in the second quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock valued at $145,000 after buying an additional 200 shares during the period. 68.79% of the stock is owned by institutional investors.

Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at 167.21 on Friday. NVIDIA Corporation has a 52 week low of $55.66 and a 52 week high of $170.07. The company has a market cap of $99.49 billion, a PE ratio of 56.13 and a beta of 1.24. The company has a 50 day moving average price of $156.80 and a 200 day moving average price of $124.22.

NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results 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 for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the firm earned $0.46 EPS. NVIDIA Corporation’s revenue for the quarter was up 48.7% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Corporation will post $3.10 earnings per share for the current year.

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NVDA has been the subject of several analyst reports. Vetr downgraded shares of NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $111.03 price target for the company. in a report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $130.00 price target on shares of NVIDIA Corporation in a report on Friday, April 14th. Royal Bank Of Canada reissued a “buy” rating and set a $130.00 price target on shares of NVIDIA Corporation in a report on Tuesday, May 2nd. B. Riley reissued a “buy” rating and set a $135.00 price target on shares of NVIDIA Corporation in a report on Monday, May 8th. Finally, UBS AG reissued a “buy” rating and set a $132.00 price target on shares of NVIDIA Corporation in a report on Monday, April 10th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $134.48.

In other NVIDIA Corporation news, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 30,762 shares in the company, valued at $4,623,220.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tench Coxe sold 50,000 shares of the firm’s stock in a transaction that occurred on 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. In the last three months, insiders sold 622,282 shares of company stock worth $93,304,082. 5.82% of the stock is owned by insiders.

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.