Edgestream Partners L.P. lessened its stake in NVIDIA Corporation (NASDAQ:NVDA) by 16.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,494 shares of the computer hardware maker’s stock after selling 5,952 shares during the quarter. NVIDIA Corporation accounts for about 2.9% of Edgestream Partners L.P.’s holdings, making the stock its 6th biggest position. Edgestream Partners L.P.’s holdings in NVIDIA Corporation were worth $5,451,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in NVDA. Evercore Wealth Management LLC increased its stake in NVIDIA Corporation by 36.9% in the 2nd quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 206 shares during the period. TB Alternative Assets Ltd. acquired a new position in NVIDIA Corporation in the 2nd quarter valued at approximately $116,000. Proficio Capital Partners LLC increased its stake in NVIDIA Corporation by 186.1% in the 1st quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock valued at $117,000 after buying an additional 547 shares during the period. Thompson Davis & CO. Inc. increased its stake in 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 buying an additional 6 shares during the period. Finally, Hanson McClain Inc. increased its stake in NVIDIA Corporation by 12.7% in the 2nd quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after buying an additional 99 shares during the period. Hedge funds and other institutional investors own 65.59% of the company’s stock.
NVIDIA Corporation (NASDAQ:NVDA) last issued 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 firm 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%. The business’s quarterly revenue was up 56.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share.
NVDA has been the topic of several research reports. BidaskClub lowered shares of NVIDIA Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Bank of America Corporation restated a “buy” rating and set a $185.00 price target on shares of NVIDIA Corporation in a research note on Thursday, July 6th. Jefferies Group LLC lowered shares of NVIDIA Corporation from a “buy” rating to an “underperform” rating and increased their price target for the stock from $140.00 to $180.00 in a research note on Monday, July 10th. Needham & Company LLC restated a “buy” rating and set a $200.00 price target (up previously from $130.00) on shares of NVIDIA Corporation in a research note on Monday, July 10th. Finally, Zacks Investment Research upgraded shares of NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 price target on the stock in a research note on Tuesday, July 11th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $162.12.
In other NVIDIA Corporation news, insider Jen Hsun Huang sold 110,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total transaction of $18,268,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark L. Perry sold 16,281 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 48,069 shares of the company’s stock, valued at approximately $7,798,714.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 452,784 shares of company stock valued at $81,437,724. Insiders own 5.82% of the company’s stock.
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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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