Loomis Sayles & Co. L P cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 35.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,597 shares of the computer hardware maker’s stock after selling 3,141 shares during the period. Loomis Sayles & Co. L P’s holdings in NVIDIA Corporation were worth $610,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Edgewood Management LLC boosted its position in NVIDIA Corporation by 21.9% in the first quarter. Edgewood Management LLC now owns 5,987,970 shares of the computer hardware maker’s stock valued at $652,270,000 after buying an additional 1,074,303 shares in the last quarter. Ameriprise Financial Inc. boosted its position in NVIDIA Corporation by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 5,257,325 shares of the computer hardware maker’s stock valued at $572,695,000 after buying an additional 1,672,231 shares in the last quarter. Norges Bank purchased a new position in NVIDIA Corporation during the fourth quarter valued at $526,137,000. Wellington Management Group LLP boosted its position in NVIDIA Corporation by 499.0% in the first quarter. Wellington Management Group LLP now owns 4,104,980 shares of the computer hardware maker’s stock valued at $447,156,000 after buying an additional 3,419,701 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in NVIDIA Corporation by 12.1% in the first quarter. Legal & General Group Plc now owns 2,700,123 shares of the computer hardware maker’s stock valued at $294,124,000 after buying an additional 291,472 shares in the last quarter. 68.84% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Corporation (NASDAQ:NVDA) traded up 1.64% on Friday, hitting $164.39. The stock had a trading volume of 12,832,079 shares. The stock’s 50-day moving average is $155.89 and its 200-day moving average is $122.68. The company has a market cap of $97.81 billion, a P/E ratio of 55.18 and a beta of 1.23. NVIDIA Corporation has a 52-week low of $55.38 and a 52-week high of $169.93.
NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. NVIDIA Corporation’s revenue was up 48.7% on a year-over-year basis. Analysts expect that NVIDIA Corporation will post $3.10 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This news story was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/07/28/nvidia-corporation-nvda-shares-sold-by-loomis-sayles-co-l-p-updated-updated-updated.html.
Several research analysts have recently weighed in on NVDA shares. Vetr raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $174.03 price objective for the company in a research report on Monday, June 12th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $130.00 price objective on shares of NVIDIA Corporation in a research report on Friday, April 14th. Canaccord Genuity reaffirmed a “buy” rating on shares of NVIDIA Corporation in a research report on Saturday, June 3rd. Wells Fargo & Company reiterated an “underperform” rating and set a $75.00 target price (up previously from $68.00) on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Finally, Zacks Investment Research lowered NVIDIA Corporation from a “hold” rating to a “sell” rating in a report on Thursday, April 13th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $134.48.
In other NVIDIA Corporation news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $150.29, for a total value of $15,029,000.00. Following the sale, the director now owns 30,762 shares in the company, valued at $4,623,220.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Harvey C. Jones sold 50,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $150.84, for a total transaction of $7,542,000.00. Following the completion of the sale, the director now owns 30,762 shares in the company, valued at approximately $4,640,140.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 622,282 shares of company stock valued at $93,304,082. 5.82% of the stock is owned by insiders.
About NVIDIA Corporation
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.
Receive News & Ratings for NVIDIA Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA Corporation and related companies with MarketBeat.com's FREE daily email newsletter.