BTC Capital Management Inc. cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 9,857 shares of the computer hardware maker’s stock after selling 224 shares during the period. BTC Capital Management Inc.’s holdings in NVIDIA Corporation were worth $1,422,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NVDA. TB Alternative Assets Ltd. bought a new stake in NVIDIA Corporation during the second quarter valued at about $116,000. Proficio Capital Partners LLC raised 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 in the last quarter. Founders Capital Management raised 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 in the last quarter. Quadrant Capital Group LLC raised 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 in the last quarter. Finally, Coconut Grove Bank raised 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 in the last quarter. Institutional investors own 68.91% of the company’s stock.

NVIDIA Corporation (NVDA) opened at 164.74 on Friday. The firm has a market cap of $98.02 billion, a PE ratio of 55.30 and a beta of 1.24. The stock has a 50 day moving average of $159.56 and a 200 day moving average of $127.02. NVIDIA Corporation has a 12-month low of $57.32 and a 12-month high of $174.56.

NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.69 by $0.32. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.96 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The company’s quarterly revenue was up 56.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post $3.10 EPS for the current fiscal year.

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Several research firms have issued reports on NVDA. B. Riley restated a “buy” rating and issued a $135.00 price target on shares of NVIDIA Corporation in a research report on Monday, May 8th. UBS AG reiterated a “buy” rating and set a $132.00 target price on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Barclays PLC lifted their target price on shares of NVIDIA Corporation to $140.00 and gave the company an “equal weight” rating in a research report on Friday. Needham & Company LLC reiterated a “buy” rating on shares of NVIDIA Corporation in a research report on Friday. Finally, Loop Capital reiterated a “buy” rating and set a $181.00 target price on shares of NVIDIA Corporation in a research report on Friday. Six analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $140.98.

In other news, insider Michael Byron sold 25,507 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $137.09, for a total transaction of $3,496,754.63. Following the completion of the sale, the insider now owns 162,706 shares of the company’s stock, valued at approximately $22,305,365.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Persis Drell sold 2,500 shares of the firm’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 approximately $3,205,253.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 572,282 shares of company stock valued at $86,830,082. Insiders own 5.82% of the company’s stock.

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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