Whittier Trust Co. of Nevada Inc. lowered its stake in NVIDIA Corporation (NASDAQ:NVDA) by 8.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,465 shares of the computer hardware maker’s stock after selling 1,005 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in NVIDIA Corporation were worth $1,513,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in 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. Proficio Capital Partners LLC raised its stake in 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 raised its stake in 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. Founders Capital Management raised its stake in 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. Finally, TrimTabs Asset Management LLC raised its stake in NVIDIA Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the computer hardware maker’s stock valued at $174,000 after buying an additional 752 shares during the period. 68.79% of the stock is currently owned by institutional investors.
Shares of NVIDIA Corporation (NVDA) traded up 0.44% during midday trading on Friday, reaching $167.21. The company’s stock had a trading volume of 14,727,353 shares. NVIDIA Corporation has a 12 month low of $57.31 and a 12 month high of $170.07. The company’s 50-day moving average price is $156.80 and its 200-day moving average price is $124.22. The company has a market cap of $99.49 billion, a PE ratio of 55.55 and a beta of 1.24.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.16. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. NVIDIA Corporation’s revenue for the quarter was up 48.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. On average, equities analysts anticipate that NVIDIA Corporation will post $3.10 EPS for the current fiscal year.
Several analysts have recently issued reports on NVDA shares. Vetr lowered NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $111.03 target price on the stock. in a report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $130.00 price objective on shares of NVIDIA Corporation in a research report on Friday, April 14th. Royal Bank Of Canada restated a “buy” rating and set a $130.00 price objective on shares of NVIDIA Corporation in a research report on Tuesday, May 2nd. B. Riley restated a “buy” rating and set a $135.00 price objective on shares of NVIDIA Corporation in a research report on Monday, May 8th. Finally, UBS AG restated a “buy” rating and set a $132.00 price objective on shares of NVIDIA Corporation in a research report on Monday, April 10th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $134.48.
In other news, Director Harvey C. Jones sold 145,520 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $159.31, for a total transaction of $23,182,791.20. Following the completion of the transaction, the director now owns 30,762 shares in the company, valued at $4,900,694.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 50,000 shares of the firm’s 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. In the last 90 days, insiders have sold 622,282 shares of company stock valued at $93,304,082. 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.
Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
