Arizona State Retirement System boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 147,516 shares of the computer hardware maker’s stock after buying an additional 1,700 shares during the period. Arizona State Retirement System’s holdings in NVIDIA Corporation were worth $21,325,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its position 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 worth $105,000 after buying an additional 157 shares during the period. Regentatlantic Capital LLC boosted its position in NVIDIA Corporation by 2.8% in the first quarter. Regentatlantic Capital LLC now owns 5,946 shares of the computer hardware maker’s stock worth $648,000 after buying an additional 160 shares during the period. Capstone Asset Management Co. boosted its position in NVIDIA Corporation by 1.8% in the first quarter. Capstone Asset Management Co. now owns 57,718 shares of the computer hardware maker’s stock worth $6,287,000 after buying an additional 1,016 shares during the period. Private Trust Co. NA purchased a new position in NVIDIA Corporation during the first quarter worth approximately $304,000. Finally, Atria Investments LLC boosted its position in NVIDIA Corporation by 180.5% in the first quarter. Atria Investments LLC now owns 7,605 shares of the computer hardware maker’s stock worth $828,000 after buying an additional 4,894 shares during the period. Institutional investors own 68.91% of the company’s stock.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at 164.74 on Friday. NVIDIA Corporation has a 52-week low of $57.32 and a 52-week high of $174.56. The stock’s 50 day moving average is $159.56 and its 200-day moving average is $127.02. The firm has a market capitalization of $98.02 billion, a P/E ratio of 55.30 and a beta of 1.24.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The business’s revenue was up 56.2% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. On average, equities analysts forecast that NVIDIA Corporation will post $3.10 earnings per share for the current fiscal year.
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A number of research analysts have commented on NVDA shares. Zacks Investment Research cut NVIDIA Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $130.00 price target on shares of NVIDIA Corporation in a research note on Friday, April 14th. BMO Capital Markets restated an “underperform” rating and set a $85.00 price target on shares of NVIDIA Corporation in a research note on Monday, April 17th. Vetr cut NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $111.03 price target on the stock. in a research note on Tuesday, April 18th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $130.00 price target on shares of NVIDIA Corporation in a research note on Tuesday, May 2nd. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. NVIDIA Corporation presently has a consensus rating of “Hold” and a consensus target price of $140.98.
In related news, insider Michael Byron sold 25,507 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $137.09, for a total transaction of $3,496,754.63. Following the completion of the sale, the insider now directly owns 162,706 shares of the company’s stock, valued at $22,305,365.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 3,107 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $140.00, for a total transaction of $434,980.00. Following the sale, the director now directly owns 5,165 shares of the company’s stock, valued at $723,100. The disclosure for this sale can be found here. Insiders sold 572,282 shares of company stock valued at $86,830,082 over the last quarter. Insiders own 5.82% of the company’s stock.
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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