Bbva Compass Bancshares Inc. bought a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, Holdings Channel reports. The firm bought 2,373 shares of the computer hardware maker’s stock, valued at approximately $343,000.

Other institutional investors have also recently bought and sold shares of the company. Arete Wealth Advisors LLC raised its position in NVIDIA Corporation by 0.3% in the first quarter. Arete Wealth Advisors LLC now owns 2,884 shares of the computer hardware maker’s stock valued at $314,000 after buying an additional 10 shares during the last quarter. Appleton Partners Inc. MA raised its position in NVIDIA Corporation by 1.2% in the second quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock valued at $372,000 after buying an additional 30 shares during the last quarter. Miles Capital Inc. raised its position in NVIDIA Corporation by 1.1% in the first quarter. Miles Capital Inc. now owns 3,919 shares of the computer hardware maker’s stock valued at $427,000 after buying an additional 41 shares during the last quarter. Broderick Brian C raised its position in NVIDIA Corporation by 0.4% in the second quarter. Broderick Brian C now owns 13,806 shares of the computer hardware maker’s stock valued at $1,996,000 after buying an additional 52 shares during the last quarter. Finally, Savant Capital LLC raised its position in NVIDIA Corporation by 2.7% in the first quarter. Savant Capital LLC now owns 2,270 shares of the computer hardware maker’s stock valued at $247,000 after buying an additional 60 shares during the last quarter. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Corporation (NASDAQ NVDA) opened at 170.30 on Wednesday. The company’s 50-day moving average price is $158.02 and its 200 day moving average price is $125.12. The firm has a market capitalization of $101.33 billion, a PE ratio of 57.17 and a beta of 1.24. NVIDIA Corporation has a one year low of $57.32 and a one year high of $174.56.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.16. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The firm’s quarterly revenue was up 48.7% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. On average, analysts forecast that NVIDIA Corporation will post $3.10 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Bbva Compass Bancshares Inc. Buys New Stake in NVIDIA Corporation (NASDAQ:NVDA)” was posted by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/09/bbva-compass-bancshares-inc-buys-new-stake-in-nvidia-corporation-nasdaqnvda.html.

Several research firms recently issued reports on NVDA. UBS AG reissued a “buy” rating and set a $132.00 target price on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. B. Riley reissued a “buy” rating and set a $135.00 target price on shares of NVIDIA Corporation in a research note on Monday, May 8th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $165.00 target price (up previously from $130.00) on shares of NVIDIA Corporation in a research note on Monday, May 15th. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of NVIDIA Corporation in a research note on Monday, July 3rd. Finally, BidaskClub raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $136.24.

In other NVIDIA Corporation 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 transaction, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $4,623,220.98. The sale was disclosed in a filing with the SEC, which is accessible 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 ninety days, insiders have sold 622,282 shares of company stock valued at $93,304,082. 5.17% of the stock is currently owned by corporate 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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA).

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

Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.