Macguire Cheswick & Tuttle Investment Counsel LLC Boosts Position in NVIDIA Corporation (NVDA)

Macguire Cheswick & Tuttle Investment Counsel LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 33.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,200 shares of the computer hardware maker’s stock after acquiring an additional 800 shares during the period. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in NVIDIA Corporation were worth $572,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in NVIDIA Corporation by 7.1% in the second quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after buying an additional 2,676,976 shares during the period. Ameriprise Financial Inc. increased its position in NVIDIA Corporation by 8.8% in the second quarter. Ameriprise Financial Inc. now owns 5,720,631 shares of the computer hardware maker’s stock worth $827,110,000 after buying an additional 463,306 shares during the period. Janus Capital Management LLC increased its position in 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. Renaissance Technologies LLC increased its position in NVIDIA Corporation by 19.3% in the second quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after buying an additional 768,200 shares during the period. Finally, Janus Henderson Group PLC increased its position in NVIDIA Corporation by 5,424.4% in the second quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after buying an additional 4,022,728 shares during the period. 65.59% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Corporation (NASDAQ NVDA) traded up 0.685% during trading on Wednesday, hitting $208.226. The company had a trading volume of 5,258,908 shares. The stock has a 50-day moving average of $186.68 and a 200 day moving average of $156.97. NVIDIA Corporation has a one year low of $66.58 and a one year high of $209.97. The company has a market capitalization of $124.94 billion, a price-to-earnings ratio of 59.887 and a beta of 1.28.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion for 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%. The firm’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. Equities analysts forecast that NVIDIA Corporation will post $3.63 EPS for the current fiscal year.

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NVDA has been the topic of several analyst reports. BidaskClub lowered NVIDIA Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Bank of America Corporation reaffirmed a “buy” rating and issued a $185.00 target price on shares of NVIDIA Corporation in a research report on Thursday, July 6th. Jefferies Group LLC lowered NVIDIA Corporation from a “buy” rating to an “underperform” rating and increased their target price for the stock from $140.00 to $180.00 in a research report on Monday, July 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 target price (up from $130.00) on shares of NVIDIA Corporation in a research report on Monday, July 10th. Finally, Zacks Investment Research raised 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. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. NVIDIA Corporation currently has a consensus rating of “Hold” and an average price target of $162.12.

In other NVIDIA Corporation news, Director A Brooke Seawell sold 30,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $170.19, for a total value of $5,105,700.00. Following the sale, the director now owns 16,507 shares of the company’s stock, valued at approximately $2,809,326.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Debora Shoquist sold 33,498 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $189.24, for a total value of $6,339,161.52. The disclosure for this sale can be found here. Insiders have sold 452,784 shares of company stock worth $81,437,724 in the last three months. 5.17% of the stock is currently owned by company 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.

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

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