Cim LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,737 shares of the computer hardware maker’s stock after selling 534 shares during the period. Cim LLC’s holdings in NVIDIA were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC grew its stake in shares of NVIDIA by 160.9% in the third quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock worth $35,001,000 after acquiring an additional 120,734 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of NVIDIA by 1.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 829,595 shares of the computer hardware maker’s stock worth $148,307,000 after purchasing an additional 9,565 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of NVIDIA by 3.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock worth $345,473,000 after purchasing an additional 71,458 shares during the last quarter. Spectrum Management Group Inc. purchased a new stake in shares of NVIDIA during the 3rd quarter worth $383,000. Finally, Coastline Trust Co purchased a new stake in shares of NVIDIA during the 3rd quarter worth $871,000. Institutional investors and hedge funds own 63.41% of the company’s stock.

Shares of NVIDIA Corporation (NASDAQ NVDA) traded up $5.76 on Tuesday, reaching $239.45. 6,440,000 shares of the company’s stock traded hands, compared to its average volume of 12,150,000. The company has a quick ratio of 7.42, a current ratio of 8.26 and a debt-to-equity ratio of 0.31. NVIDIA Corporation has a one year low of $95.17 and a one year high of $239.66. The firm has a market capitalization of $145,110.00, a price-to-earnings ratio of 59.86, a P/E/G ratio of 5.36 and a beta of 1.18.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.39. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. sell-side analysts predict that NVIDIA Corporation will post 4.19 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on NVDA shares. Oppenheimer reaffirmed a “hold” rating on shares of NVIDIA in a research report on Sunday, November 5th. Bank of America reissued a “buy” rating and issued a $275.00 price target (up from $251.00) on shares of NVIDIA in a research report on Friday. B. Riley reissued a “buy” rating and issued a $270.00 price target on shares of NVIDIA in a research report on Monday, January 8th. Jefferies Group boosted their price target on shares of NVIDIA from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Barclays boosted their price target on shares of NVIDIA from $200.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $193.29.

In related news, CFO Colette Kress sold 171 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 1,029 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $214.10, for a total transaction of $220,308.90. Following the transaction, the director now directly owns 1,029 shares in the company, valued at approximately $220,308.90. The disclosure for this sale can be found here. Insiders have sold 19,858 shares of company stock worth $4,227,384 over the last 90 days. 5.17% of the stock is currently owned by company insiders.

WARNING: “Cim LLC Reduces Position in NVIDIA Corporation (NVDA)” was first posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.dailypolitical.com/2018/01/23/cim-llc-reduces-position-in-nvidia-corporation-nvda.html.

NVIDIA 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.

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 (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.