New England Investment & Retirement Group Inc. purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, Holdings Channel reports. The institutional investor purchased 1,635 shares of the computer hardware maker’s stock, valued at approximately $236,000.

A number of other hedge funds have also bought and sold shares of the stock. Quadrant Capital Group LLC increased its stake in NVIDIA Corporation by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock valued at $105,000 after buying an additional 157 shares during the last quarter. TB Alternative Assets Ltd. acquired a new stake in NVIDIA Corporation during the second quarter valued at about $116,000. Proficio Capital Partners LLC increased its stake in NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after buying an additional 547 shares during the last quarter. Coconut Grove Bank increased its stake in NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock valued at $132,000 after buying an additional 1,060 shares during the last quarter. Finally, Founders Capital Management increased its stake in NVIDIA Corporation by 25.0% in the second quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock valued at $145,000 after buying an additional 200 shares during the last quarter. 68.91% of the stock is owned by institutional investors and hedge funds.

Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at 170.30 on Wednesday. The stock has a market cap of $101.33 billion, a price-to-earnings ratio of 57.17 and a beta of 1.24. The firm has a 50-day moving average price of $158.02 and a 200 day moving average price of $125.12. NVIDIA Corporation has a 52 week low of $57.32 and a 52 week high of $174.56.

NVIDIA Corporation (NASDAQ:NVDA) last issued its 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. The company had revenue of $1.94 billion for 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 quarterly revenue was up 48.7% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. On average, analysts forecast that NVIDIA Corporation will post $3.10 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/08/09/new-england-investment-retirement-group-inc-takes-position-in-nvidia-corporation-nasdaqnvda.html.

Several analysts recently issued reports on the stock. Vetr raised shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $117.19 price target for the company in a research report on Thursday, May 4th. Stifel Nicolaus lifted their price target on shares of NVIDIA Corporation from $90.00 to $93.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. Rosenblatt Securities reissued a “buy” rating and issued a $140.00 price target on shares of NVIDIA Corporation in a research report on Friday, May 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a $175.00 price target on shares of NVIDIA Corporation in a research report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of NVIDIA Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have given a buy rating and three have given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $136.24.

In other NVIDIA Corporation news, Director Harvey C. Jones sold 145,520 shares of NVIDIA Corporation stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $159.31, for a total value of $23,182,791.20. Following the sale, the director now owns 30,762 shares of the company’s stock, valued at approximately $4,900,694.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 100,000 shares of NVIDIA Corporation stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $150.29, for a total value of $15,029,000.00. Following the completion of the sale, the director now directly owns 30,762 shares in the company, valued at approximately $4,623,220.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 622,282 shares of company stock worth $93,304,082. Corporate insiders own 5.17% of the company’s stock.

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.

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.