DekaBank Deutsche Girozentrale Cuts Stake in NVIDIA Corporation (NASDAQ:NVDA)

DekaBank Deutsche Girozentrale decreased its position in NVIDIA Corporation (NASDAQ:NVDA) by 4.4% during the second quarter, Holdings Channel reports. The firm owned 185,666 shares of the computer hardware maker’s stock after selling 8,554 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NVIDIA Corporation were worth $27,436,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in NVDA. Vanguard Group Inc. raised its position in shares of NVIDIA Corporation by 7.4% in the first quarter. Vanguard Group Inc. now owns 37,580,211 shares of the computer hardware maker’s stock worth $4,093,612,000 after buying an additional 2,597,209 shares during the period. Edgewood Management LLC raised its position in shares of 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 worth $652,270,000 after buying an additional 1,074,303 shares during the period. Janus Capital Management LLC raised its position in shares of NVIDIA Corporation by 20.0% in the first quarter. Janus Capital Management LLC now owns 5,368,881 shares of the computer hardware maker’s stock worth $584,832,000 after buying an additional 895,591 shares during the period. Ameriprise Financial Inc. raised its position in shares of 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 worth $572,695,000 after buying an additional 1,672,231 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of 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 worth $447,156,000 after buying an additional 3,419,701 shares during the period. 68.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of NVIDIA Corporation (NVDA) opened at 164.74 on Friday. The company has a market capitalization of $98.02 billion, a PE ratio of 55.30 and a beta of 1.24. The company’s 50-day moving average price is $159.56 and its 200-day moving average price is $127.02. NVIDIA Corporation has a 1-year low of $57.32 and a 1-year high of $174.56.

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

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NVDA has been the topic of a number of research reports. BMO Capital Markets reaffirmed an “underperform” rating and set a $85.00 target price on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Bank of America Corporation reaffirmed a “buy” rating and set a $185.00 target price on shares of NVIDIA Corporation in a research report on Wednesday, June 21st. Roth Capital reaffirmed a “neutral” rating on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Zacks Investment Research raised shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price on the stock in a research report on Tuesday, July 11th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $145.00 target price on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company’s stock. NVIDIA Corporation has an average rating of “Hold” and an average price target of $140.98.

In other NVIDIA Corporation news, EVP Ajay K. Puri sold 81,931 shares of NVIDIA Corporation stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $139.90, for a total value of $11,462,146.90. Following the completion of the sale, the executive vice president now directly owns 564,696 shares in the company, valued at $79,000,970.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Byron sold 25,507 shares of NVIDIA Corporation stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $137.09, for a total value 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 $22,305,365.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 572,282 shares of company stock valued at $86,830,082. 5.82% of the stock is currently owned by corporate insiders.

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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