NVIDIA Corporation (NVDA) Position Maintained by Planning Alternatives Ltd. ADV
Planning Alternatives Ltd. ADV maintained its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, Holdings Channel reports. The fund owned 2,424 shares of the computer hardware maker’s stock at the end of the second quarter. Planning Alternatives Ltd. ADV’s holdings in NVIDIA Corporation were worth $350,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. CENTRAL TRUST Co increased its stake in shares of NVIDIA Corporation by 6.3% in the first quarter. CENTRAL TRUST Co now owns 7,056 shares of the computer hardware maker’s stock worth $769,000 after buying an additional 416 shares during the last quarter. Fulton Bank N.A. bought a new stake in shares of NVIDIA Corporation during the first quarter worth approximately $326,000. Catawba Capital Management VA bought a new stake in shares of NVIDIA Corporation during the first quarter worth approximately $218,000. Raymond James Trust N.A. increased its stake in shares of NVIDIA Corporation by 20.3% in the first quarter. Raymond James Trust N.A. now owns 12,806 shares of the computer hardware maker’s stock worth $1,395,000 after buying an additional 2,160 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its stake in shares of NVIDIA Corporation by 4.8% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 130,796 shares of the computer hardware maker’s stock worth $14,248,000 after buying an additional 6,036 shares during the last quarter. Hedge funds and other institutional investors own 68.91% of the company’s stock.
NVIDIA Corporation (NVDA) opened at 172.35 on Tuesday. NVIDIA Corporation has a 12-month low of $57.31 and a 12-month high of $172.37. The company has a 50-day moving average price of $156.80 and a 200-day moving average price of $124.22. The stock has a market capitalization of $102.55 billion, a price-to-earnings ratio of 57.85 and a beta of 1.24.
NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm earned $0.46 EPS. The firm’s quarterly revenue was up 48.7% compared to the same quarter last year. On average, equities research analysts forecast that NVIDIA Corporation will post $3.10 earnings per share for the current year.
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A number of analysts have recently commented on NVDA shares. UBS AG restated a “buy” rating and issued a $132.00 target price on shares of NVIDIA Corporation in a research note on Monday, April 10th. Zacks Investment Research downgraded 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 issued a $130.00 target price on shares of NVIDIA Corporation in a research note on Friday, April 14th. BMO Capital Markets restated an “underperform” rating and issued a $85.00 target price on shares of NVIDIA Corporation in a research note on Monday, April 17th. Finally, Vetr downgraded NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $111.03 target price on the stock. in a research note on Tuesday, April 18th. 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 assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $136.24.
In related news, Director A Brooke Seawell sold 3,107 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $140.00, for a total value of $434,980.00. Following the completion of the sale, the director now directly owns 5,165 shares in the company, valued at approximately $723,100. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Tench Coxe sold 50,000 shares of the stock in a transaction on 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. Over the last quarter, insiders sold 622,282 shares of company stock valued at $93,304,082. 5.17% of the stock is owned by insiders.
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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