Berkshire Asset Management LLC PA Takes $236,000 Position in NVIDIA Corporation (NVDA)

Berkshire Asset Management LLC PA bought a new stake in NVIDIA Corporation (NASDAQ:NVDA) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,318 shares of the computer hardware maker’s stock, valued at approximately $236,000.

Several other hedge funds have also modified their holdings of the business. Thompson Davis & CO. Inc. boosted its holdings in shares of NVIDIA Corporation by 0.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after purchasing an additional 6 shares in the last quarter. Family Firm Inc. boosted its holdings in shares of NVIDIA Corporation by 0.7% in the 2nd quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock valued at $284,000 after purchasing an additional 13 shares in the last quarter. Appleton Partners Inc. MA boosted its holdings in shares of NVIDIA Corporation by 1.2% in the 2nd quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock valued at $372,000 after purchasing an additional 30 shares in the last quarter. Carnegie Capital Asset Management LLC boosted its holdings in shares of NVIDIA Corporation by 0.4% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock valued at $1,212,000 after purchasing an additional 30 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its holdings in shares of NVIDIA Corporation by 1.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock valued at $271,000 after purchasing an additional 33 shares in the last quarter. 65.59% of the stock is currently owned by hedge funds and other institutional investors.

In other NVIDIA Corporation news, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jen Hsun Huang sold 110,000 shares of NVIDIA Corporation stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $166.08, for a total transaction of $18,268,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 452,784 shares of company stock worth $81,437,724. 5.82% of the stock is owned by corporate insiders.

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NVIDIA Corporation (NASDAQ:NVDA) last released its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company earned $0.53 EPS. NVIDIA Corporation’s revenue for the quarter was up 56.2% on a year-over-year basis.

NVDA has been the topic of a number of research analyst reports. BidaskClub downgraded NVIDIA Corporation from a “buy” rating to a “hold” rating in a 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 report on Thursday, July 6th. Jefferies Group LLC downgraded NVIDIA Corporation from a “buy” rating to an “underperform” rating and raised their price objective for the company from $140.00 to $180.00 in a report on Monday, July 10th. Needham & Company LLC reissued a “buy” rating and set a $200.00 price objective (up previously from $130.00) on shares of NVIDIA Corporation in a 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 price objective on the stock in a report on Tuesday, July 11th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $162.12.

NVIDIA Corporation 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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