Hayden Royal LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,819 shares of the computer hardware maker’s stock, valued at approximately $302,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Sunbelt Securities Inc. boosted its position in shares of NVIDIA by 64.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 4,815 shares of the computer hardware maker’s stock worth $791,000 after purchasing an additional 1,879 shares during the period. Sandy Spring Bank boosted its position in NVIDIA by 2.9% in the 2nd quarter. Sandy Spring Bank now owns 16,092 shares of the computer hardware maker’s stock valued at $2,642,000 after buying an additional 455 shares during the period. Hall Laurie J Trustee boosted its position in NVIDIA by 8.7% in the 2nd quarter. Hall Laurie J Trustee now owns 7,135 shares of the computer hardware maker’s stock valued at $1,171,000 after buying an additional 570 shares during the period. Advisory Services Network LLC boosted its position in NVIDIA by 11.0% in the 2nd quarter. Advisory Services Network LLC now owns 11,380 shares of the computer hardware maker’s stock valued at $1,869,000 after buying an additional 1,131 shares during the period. Finally, Coastal Investment Advisors Inc. boosted its position in NVIDIA by 234.0% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 13,816 shares of the computer hardware maker’s stock valued at $2,262,000 after buying an additional 9,680 shares during the period. Institutional investors and hedge funds own 67.54% of the company’s stock.
In other NVIDIA news, Director Harvey C. Jones sold 100,000 shares of NVIDIA stock in a transaction on Monday, June 17th. The shares were sold at an average price of $145.10, for a total value of $14,510,000.00. Following the transaction, the director now directly owns 32,983 shares in the company, valued at $4,785,833.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Persis Drell sold 2,500 shares of NVIDIA stock in a transaction on Monday, July 15th. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Following the completion of the transaction, the director now owns 20,684 shares in the company, valued at $3,450,091.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,736 shares of company stock worth $15,293,726. 4.64% of the stock is currently owned by company insiders.
NASDAQ NVDA opened at $156.05 on Wednesday. The company has a current ratio of 8.98, a quick ratio of 7.78 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $93.90 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 3.95 and a beta of 2.07. NVIDIA Co. has a one year low of $124.46 and a one year high of $292.76. The company has a fifty day simple moving average of $164.05.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, May 16th. The computer hardware maker reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. NVIDIA’s quarterly revenue was down 30.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 earnings per share. Research analysts anticipate that NVIDIA Co. will post 4.16 EPS for the current year.
NVDA has been the subject of several recent research reports. Zacks Investment Research cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Cascend Securities raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Thursday, July 11th. Royal Bank of Canada decreased their price target on shares of NVIDIA from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday. Summit Insights cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $158.57 price target for the company. in a research report on Friday, May 17th. Finally, Sanford C. Bernstein set a $150.00 price target on shares of NVIDIA and gave the company a “hold” rating in a research report on Wednesday, June 26th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-six have given a buy rating to the company’s stock. NVIDIA presently has a consensus rating of “Buy” and an average target price of $194.07.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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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