Kissinger Financial Services LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 28.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,051 shares of the computer hardware maker’s stock after selling 2,737 shares during the period. Kissinger Financial Services LLC’s holdings in NVIDIA Corporation were worth $1,019,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Greenwich Wealth Management LLC boosted its stake in shares of NVIDIA Corporation by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 55,437 shares of the computer hardware maker’s stock valued at $6,039,000 after buying an additional 357 shares during the last quarter. Columbus Circle Investors bought a new stake in shares of NVIDIA Corporation during the first quarter worth $8,530,000. Ameriprise Financial Inc. boosted its stake 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 last quarter. Menora Mivtachim Holdings LTD. bought a new stake in shares of NVIDIA Corporation during the first quarter worth $17,244,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of NVIDIA Corporation by 6.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 308,211 shares of the computer hardware maker’s stock worth $33,573,000 after buying an additional 19,245 shares during the last quarter. 68.84% of the stock is owned by institutional investors.
NVIDIA Corporation (NASDAQ:NVDA) opened at 166.15 on Tuesday. The firm has a market cap of $98.86 billion, a price-to-earnings ratio of 55.77 and a beta of 1.23. The firm’s 50 day moving average is $154.46 and its 200-day moving average is $121.62. NVIDIA Corporation has a 12 month low of $55.38 and a 12 month high of $168.78.
NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.16. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The company’s revenue was up 48.7% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share. On average, equities analysts forecast that NVIDIA Corporation will post $3.09 EPS for the current year.
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NVDA has been the topic of a number of research reports. B. Riley reiterated a “buy” rating and set a $135.00 price target on shares of NVIDIA Corporation in a research report on Monday, March 27th. Macquarie began coverage on NVIDIA Corporation in a research note on Thursday, March 30th. They set a “neutral” rating and a $110.00 price target for the company. Pacific Crest lowered NVIDIA Corporation from a “sector weight” rating to an “underweight” rating and increased their price target for the company from $34.40 to $105.15 in a research note on Tuesday, April 4th. Vetr raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $117.98 price target for the company in a research note on Tuesday, April 4th. Finally, Canaccord Genuity cut their price objective on NVIDIA Corporation from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, April 5th. 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 given a strong buy rating to the company. NVIDIA Corporation has an average rating of “Hold” and a consensus target price of $134.48.
In related news, Director Persis Drell sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $130.02, for a total transaction of $325,050.00. Following the completion of the transaction, the director now owns 24,652 shares of the company’s stock, valued at $3,205,253.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $164.53, for a total transaction of $8,226,500.00. The disclosure for this sale can be found here. Insiders sold 622,282 shares of company stock valued at $93,304,082 in the last quarter. Corporate insiders own 5.17% 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.
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