Schwab Charles Investment Management Inc. raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 5.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,861,037 shares of the computer hardware maker’s stock after buying an additional 90,536 shares during the period. Schwab Charles Investment Management Inc.’s holdings in NVIDIA Corporation were worth $269,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NVDA. Quadrant Capital Group LLC boosted its position 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 worth $105,000 after buying an additional 157 shares in the last quarter. TB Alternative Assets Ltd. acquired a new position in shares of NVIDIA Corporation during the second quarter worth approximately $116,000. Proficio Capital Partners LLC boosted 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 boosted 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 boosted 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. Hedge funds and other institutional investors own 68.91% of the company’s stock.

NVIDIA Corporation (NASDAQ:NVDA) opened at 172.11 on Thursday. The company has a market cap of $102.41 billion, a PE ratio of 57.77 and a beta of 1.24. NVIDIA Corporation has a 1-year low of $57.32 and a 1-year high of $174.56. The firm’s 50-day moving average is $159.41 and its 200 day moving average is $126.75.

NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.16. The firm had revenue of $1.94 billion for 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%. NVIDIA Corporation’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Analysts predict that NVIDIA Corporation will post $3.10 earnings per share for the current fiscal year.

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A number of research analysts have commented on NVDA shares. Vetr cut shares of NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $111.03 price target for the company. in a research note on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $130.00 target price on shares of NVIDIA Corporation in a research note 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 research note on Tuesday, May 2nd. B. Riley reiterated a “buy” rating and issued a $135.00 target price on shares of NVIDIA Corporation in a research note on Monday, May 8th. Finally, UBS AG reiterated a “buy” rating and issued a $132.00 target price on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $136.64.

In other news, Director Persis Drell sold 2,500 shares of the company’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 completion of the transaction, the director now directly owns 24,652 shares of the company’s stock, valued at approximately $3,205,253.04. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Harvey C. Jones sold 100,000 shares of the company’s 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 transaction, the director now directly owns 30,762 shares of the company’s stock, valued at $4,623,220.98. 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 three months. 5.82% 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.

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

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