Bluestein R H & Co. Acquires 1,700 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Bluestein R H & Co. increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 23.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,900 shares of the computer hardware maker’s stock after buying an additional 1,700 shares during the period. Bluestein R H & Co.’s holdings in NVIDIA Corporation were worth $969,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NVDA. 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 worth $105,000 after buying an additional 157 shares during the period. 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 worth $132,000 after buying an additional 1,060 shares during the period. TrimTabs Asset Management LLC raised its stake in NVIDIA Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the computer hardware maker’s stock worth $174,000 after buying an additional 752 shares during the period. State of Alaska Department of Revenue bought a new stake in NVIDIA Corporation during the first quarter worth approximately $182,000. Finally, Greenleaf Trust bought a new stake in NVIDIA Corporation during the first quarter worth approximately $203,000. Hedge funds and other institutional investors own 68.84% of the company’s stock.

NVIDIA Corporation (NVDA) traded up 1.64% during mid-day trading on Friday, hitting $164.39. The company had a trading volume of 12,833,737 shares. The stock has a 50 day moving average price of $156.02 and a 200-day moving average price of $123.09. NVIDIA Corporation has a 1-year low of $55.38 and a 1-year high of $169.93. The stock has a market capitalization of $97.81 billion, a PE ratio of 55.18 and a beta of 1.23.

NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.16. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The business’s revenue was up 48.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. On average, analysts forecast that NVIDIA Corporation will post $3.10 earnings per share for the current year.

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A number of brokerages have recently issued reports on NVDA. UBS AG reissued a “buy” rating and issued a $132.00 price objective on shares of NVIDIA Corporation in a research note on Monday, April 10th. B. Riley reissued a “buy” rating and issued a $135.00 price objective on shares of NVIDIA Corporation in a research note on Monday, May 8th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $165.00 price objective (up from $130.00) on shares of NVIDIA Corporation in a research note on Monday, May 15th. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of NVIDIA Corporation in a research note on Monday, July 3rd. Finally, Barclays PLC reissued an “equal weight” rating and issued a $105.00 price objective (up from $90.00) on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company. NVIDIA Corporation has a consensus rating of “Hold” and an average price target of $134.48.

In related news, Director A Brooke Seawell sold 3,107 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $140.00, for a total transaction of $434,980.00. Following the transaction, the director now directly owns 5,165 shares in the company, valued at approximately $723,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $129.48, for a total transaction of $6,474,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 622,282 shares of company stock worth $93,304,082 over the last 90 days. Corporate 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.

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

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