Traynor Capital Management Inc. raised its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 15.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,923 shares of the computer hardware maker’s stock after buying an additional 1,470 shares during the quarter. NVIDIA Corporation makes up approximately 0.9% of Traynor Capital Management Inc.’s holdings, making the stock its 26th largest holding. Traynor Capital Management Inc.’s holdings in NVIDIA Corporation were worth $1,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. Janus Henderson Group PLC grew its holdings in NVIDIA Corporation by 5,424.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock valued at $592,244,000 after buying an additional 4,022,728 shares during the period. Vanguard Group Inc. grew its holdings in NVIDIA Corporation by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock valued at $5,819,579,000 after buying an additional 2,676,976 shares during the period. Jackson Square Partners LLC purchased a new stake in NVIDIA Corporation in the 2nd quarter valued at about $229,323,000. Winslow Capital Management LLC purchased a new stake in NVIDIA Corporation in the 1st quarter valued at about $126,231,000. Finally, Edgewood Management LLC grew its holdings in NVIDIA Corporation by 21.9% in the 1st 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 during the period. Institutional investors own 65.59% of the company’s stock.
NVIDIA Corporation (NVDA) traded up 1.1992% on Tuesday, hitting $206.2845. The stock had a trading volume of 4,730,625 shares. The firm has a market cap of $123.77 billion, a P/E ratio of 59.3283 and a beta of 1.28. NVIDIA Corporation has a 1-year low of $66.58 and a 1-year high of $207.49. The firm’s 50-day moving average price is $185.63 and its 200-day moving average price is $156.60.
NVIDIA Corporation (NASDAQ:NVDA) last posted its 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 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 39.59% and a net margin of 27.41%. NVIDIA Corporation’s revenue was up 56.2% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. On average, equities research analysts predict that NVIDIA Corporation will post $3.63 earnings per share for the current year.
In other NVIDIA Corporation news, Director Mark L. Perry sold 16,281 shares of NVIDIA Corporation 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 completion of the transaction, the director now owns 48,069 shares in the company, valued at approximately $7,798,714.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction on Monday, September 18th. The shares were sold at an average price of $189.62, for a total value of $9,481,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 452,784 shares of company stock valued at $81,437,724 in the last 90 days. 5.17% of the stock is owned by corporate insiders.
NVDA has been the subject of several recent analyst reports. Mizuho restated a “buy” rating and issued a $170.00 price target on shares of NVIDIA Corporation in a report on Friday, July 21st. Canaccord Genuity restated a “buy” rating and issued a $155.00 price target on shares of NVIDIA Corporation in a report on Monday, July 17th. SunTrust Banks, Inc. upgraded NVIDIA Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $155.88 to $177.00 in a report on Wednesday, July 12th. Vetr cut NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $174.02 price target for the company. in a report on Tuesday, July 11th. Finally, BidaskClub upgraded NVIDIA Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. 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 currently has a consensus rating of “Hold” and an average target price of $162.12.
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.
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