WFG Advisors LP boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 64.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,598 shares of the computer hardware maker’s stock after acquiring an additional 626 shares during the quarter. WFG Advisors LP’s holdings in NVIDIA Corporation were worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thompson Davis & CO. Inc. raised its position in NVIDIA Corporation by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares in the last quarter. Family Firm Inc. raised its position in NVIDIA Corporation by 0.7% during the second quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock worth $284,000 after acquiring an additional 13 shares in the last quarter. Appleton Partners Inc. MA raised its position in NVIDIA Corporation by 1.2% during the second quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock worth $372,000 after acquiring an additional 30 shares in the last quarter. Carnegie Capital Asset Management LLC raised its position in NVIDIA Corporation by 0.4% during the second quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock worth $1,212,000 after acquiring an additional 30 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its position in NVIDIA Corporation by 1.8% during the second quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock worth $271,000 after acquiring an additional 33 shares in the last quarter. 65.79% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on NVDA. Mizuho reaffirmed a “positive” rating and set a $220.00 price target (up from $180.00) on shares of NVIDIA Corporation in a research report on Monday. Needham & Company LLC upped their price target on shares of NVIDIA Corporation from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Bank of America Corporation set a $210.00 price target on shares of NVIDIA Corporation and gave the stock a “buy” rating in a research report on Thursday, October 12th. Royal Bank Of Canada upped their price target on shares of NVIDIA Corporation from $205.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 12th. Finally, B. Riley reiterated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA Corporation in a report on Tuesday, October 10th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $160.31.

NVIDIA Corporation (NASDAQ:NVDA) traded down 1.10% during midday trading on Thursday, hitting $195.40. The stock had a trading volume of 3,993,834 shares. The company’s 50 day moving average price is $179.00 and its 200-day moving average price is $150.54. NVIDIA Corporation has a 52-week low of $66.30 and a 52-week high of $195.74. The stock has a market cap of $117.24 billion, a PE ratio of 56.20 and a beta of 1.28.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Analysts forecast that NVIDIA Corporation will post $3.63 EPS for the current fiscal year.

In related news, EVP Debora Shoquist sold 33,498 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $189.24, for a total transaction of $6,339,161.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark L. Perry sold 16,281 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $162.24, for a total value of $2,641,429.44. Following the transaction, the director now owns 48,069 shares in the company, valued at $7,798,714.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 452,784 shares of company stock valued at $81,437,724. Corporate insiders own 5.82% of the company’s stock.

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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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