NVIDIA Corporation (NVDA) Shares Sold by Cigna Investments Inc. New
Cigna Investments Inc. New cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 3.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 22,477 shares of the computer hardware maker’s stock after selling 843 shares during the period. Cigna Investments Inc. New’s holdings in NVIDIA Corporation were worth $3,249,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Quadrant Capital Group LLC raised its stake in shares of 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 in the last quarter. TB Alternative Assets Ltd. bought a new position in shares of NVIDIA Corporation during the second quarter worth $116,000. Proficio Capital Partners LLC raised its position in shares of NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares in the last quarter. Coconut Grove Bank raised its position in shares of NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 1,060 shares in the last quarter. Finally, Founders Capital Management raised its position in shares of NVIDIA Corporation by 25.0% in the second quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock worth $145,000 after buying an additional 200 shares in the last quarter. 68.91% of the stock is currently owned by institutional investors.
NVIDIA Corporation (NASDAQ:NVDA) opened at 172.11 on Thursday. The stock’s 50 day moving average price is $159.41 and its 200-day moving average price is $126.75. The stock has a market cap of $102.41 billion, a PE ratio of 57.77 and a beta of 1.24. NVIDIA Corporation has a 12 month low of $57.31 and a 12 month high of $174.56.
NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. NVIDIA Corporation’s revenue was up 48.7% compared to the same quarter last year. Analysts anticipate that NVIDIA Corporation will post $3.10 EPS for the current fiscal year.
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A number of research firms have weighed in on NVDA. Vetr lowered shares of 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. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $130.00 price target on shares of NVIDIA Corporation in a research report on Friday, April 14th. Royal Bank Of Canada reiterated a “buy” rating and issued a $130.00 target price on shares of NVIDIA Corporation in a report on Tuesday, May 2nd. B. Riley reiterated a “buy” rating and issued a $135.00 target price on shares of NVIDIA Corporation in a report on Monday, May 8th. Finally, UBS AG reissued a “buy” rating and issued a $132.00 price target on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $136.64.
In other NVIDIA Corporation news, Director Persis Drell sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $130.02, for a total transaction of $325,050.00. Following the sale, the director now directly owns 24,652 shares of the company’s stock, valued at $3,205,253.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $164.53, for a total value of $8,226,500.00. The disclosure for this sale can be found here. Insiders have sold 572,282 shares of company stock worth $86,830,082 over the last quarter. 5.82% of the stock is owned by company 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.
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