Cambridge Investment Research Advisors Inc. boosted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 145.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 91,606 shares of the computer hardware maker’s stock after buying an additional 54,231 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in NVIDIA Corporation were worth $9,979,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Greenwich Wealth Management LLC raised its stake in NVIDIA Corporation by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 55,437 shares of the computer hardware maker’s stock valued at $6,039,000 after buying an additional 357 shares during the period. Columbus Circle Investors purchased a new stake in shares of NVIDIA Corporation during the first quarter worth approximately $8,530,000.
Ameriprise Financial Inc. raised its stake 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 last quarter. Menora Mivtachim Holdings LTD. purchased a new stake in shares of NVIDIA Corporation during the first quarter worth approximately $17,244,000. Finally, Koch Industries Inc. bought a new position in NVIDIA Corporation during the first quarter worth approximately $634,000. Hedge funds and other institutional investors own 70.08% of the company’s stock.
Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up 2.69% during trading on Friday, hitting $164.95. 23,548,708 shares of the company traded hands. The stock has a market cap of $98.15 billion, a price-to-earnings ratio of 55.37 and a beta of 1.23. NVIDIA Corporation has a one year low of $49.22 and a one year high of $168.50. The firm has a 50 day moving average price of $145.38 and a 200-day moving average price of $115.28. NVIDIA Corporation also was the target of unusually large options trading activity on Thursday. Traders bought 87,386 put options on the stock. This represents an increase of 102% compared to the average daily volume of 43,185 put options.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.66 by $0.16. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The firm’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. Analysts predict that NVIDIA Corporation will post $3.09 EPS for the current year.
Several research firms have recently commented on NVDA. BMO Capital Markets restated an “underperform” rating and set a $85.00 price objective on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Bank of America Corporation reissued a “buy” rating and issued a $185.00 price objective 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 upgraded NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price on the stock in a research note on Tuesday.
Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up 2.69% during trading on Friday, hitting $164.95. 23,548,708 shares of the company traded hands. The stock has a market cap of $98.15 billion, a price-to-earnings ratio of 55.37 and a beta of 1.23. NVIDIA Corporation has a one year low of $49.22 and a one year high of $168.50. The firm has a 50 day moving average price of $145.38 and a 200-day moving average price of $115.28. NVIDIA Corporation also was the target of unusually large options trading activity on Thursday. Traders bought 87,386 put options on the stock. This represents an increase of 102% compared to the average daily volume of 43,185 put options.
NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.66 by $0.16. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The firm’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. Analysts predict that NVIDIA Corporation will post $3.09 EPS for the current year.
Several research firms have recently commented on NVDA. BMO Capital Markets restated an “underperform” rating and set a $85.00 price objective on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Bank of America Corporation reissued a “buy” rating and issued a $185.00 price objective 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 upgraded NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price on the stock in a research note on Tuesday.
Finally, Citigroup Inc. reiterated a “buy” rating and set a $145.00 price objective 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 assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $132.85.
In other NVIDIA Corporation news, Director Harvey C. Jones sold 100,000 shares of NVIDIA Corporation stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $150.29, for a total value of $15,029,000.00. Following the completion of the sale, the director now directly owns 30,762 shares in the company, valued at $4,623,220.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available here.
In other NVIDIA Corporation news, Director Harvey C. Jones sold 100,000 shares of NVIDIA Corporation stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $150.29, for a total value of $15,029,000.00. Following the completion of the sale, the director now directly owns 30,762 shares in the company, valued at $4,623,220.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available here.
Also, Director Harvey C. Jones sold 50,000 shares of NVIDIA Corporation stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $150.84, for a total transaction of $7,542,000.00. Following the completion of the transaction, the director now directly owns 30,762 shares in the company, valued at approximately $4,640,140.08. The disclosure for this sale can be found here. Insiders sold 622,282 shares of company stock valued at $93,304,082 over the last quarter. Corporate insiders own 5.82% of the company’s stock.
By: Cynthia Vaughn (Community Financial News).
Photo: Bidness Etc.
Review: Emerging Market Formulations & Research Unit, Flagship Records.
By: Cynthia Vaughn (Community Financial News).
Photo: Bidness Etc.
Review: Emerging Market Formulations & Research Unit, Flagship Records.