Charter Trust Co. Takes Position in NVIDIA Corporation (NVDA)

Charter Trust Co. purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 1,431 shares of the computer hardware maker’s stock, valued at approximately $207,000.

A number of other hedge funds also recently modified their holdings of NVDA. Ibex Wealth Advisors boosted its stake in shares of NVIDIA Corporation by 4.1% in the fourth quarter. Ibex Wealth Advisors now owns 28,547 shares of the computer hardware maker’s stock valued at $2,969,000 after buying an additional 1,129 shares during the last quarter. Wealthfront Inc. boosted its stake in shares of NVIDIA Corporation by 14.9% in the fourth quarter. Wealthfront Inc. now owns 20,343 shares of the computer hardware maker’s stock valued at $2,171,000 after buying an additional 2,633 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in shares of NVIDIA Corporation by 6.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,990 shares of the computer hardware maker’s stock valued at $307,000 after buying an additional 175 shares during the last quarter. Pegasus Partners Ltd. boosted its stake in shares of NVIDIA Corporation by 2.4% in the fourth quarter. Pegasus Partners Ltd. now owns 16,305 shares of the computer hardware maker’s stock valued at $1,740,000 after buying an additional 375 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of NVIDIA Corporation by 10.6% in the fourth quarter. Teachers Advisors LLC now owns 1,739,017 shares of the computer hardware maker’s stock valued at $185,623,000 after buying an additional 167,148 shares during the last quarter. Institutional investors own 68.91% of the company’s stock.

Shares of NVIDIA Corporation (NASDAQ NVDA) opened at 172.11 on Thursday. The stock has a 50 day moving average price of $159.04 and a 200 day moving average price of $126.42. The firm has a market capitalization of $102.41 billion, a PE ratio of 57.77 and a beta of 1.24. NVIDIA Corporation has a 12-month low of $57.32 and a 12-month high of $174.56.

NVIDIA Corporation (NASDAQ:NVDA) last released its earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 36.40% and a net margin of 25.95%. The firm’s revenue for the quarter was up 48.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. Analysts predict that NVIDIA Corporation will post $3.10 EPS for the current fiscal year.

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Several analysts have issued reports on the company. Bank of America Corporation restated a “buy” rating on shares of NVIDIA Corporation in a report on Monday. B. Riley restated a “buy” rating and issued a $200.00 target price (up from $135.00) on shares of NVIDIA Corporation in a report on Monday. BidaskClub upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Vetr cut NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $177.02 target price for the company. in a report on Wednesday. Finally, BMO Capital Markets restated an “underperform” rating and issued a $85.00 target price on shares of NVIDIA Corporation in a report on Thursday. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $136.64.

In other news, Director Harvey C. Jones sold 100,000 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the completion of the sale, the director now owns 30,762 shares in the company, valued at approximately $4,623,220.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Byron sold 25,507 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 162,706 shares in the company, valued at $22,305,365.54. 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 90 days. 5.17% of the stock is currently 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.

Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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