Cabot Wealth Management Inc. cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 23.3% during the second quarter, Holdings Channel reports. The institutional investor owned 25,873 shares of the computer hardware maker’s stock after selling 7,844 shares during the period. Cabot Wealth Management Inc.’s holdings in NVIDIA Corporation were worth $3,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Arete Wealth Advisors LLC raised its stake in shares of NVIDIA Corporation by 0.3% in the first quarter. Arete Wealth Advisors LLC now owns 2,884 shares of the computer hardware maker’s stock worth $314,000 after buying an additional 10 shares during the period. Appleton Partners Inc. MA raised its stake in shares of NVIDIA Corporation by 1.2% in the second quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock worth $372,000 after buying an additional 30 shares during the period. Miles Capital Inc. raised its stake in shares of NVIDIA Corporation by 1.1% in the first quarter. Miles Capital Inc. now owns 3,919 shares of the computer hardware maker’s stock worth $427,000 after buying an additional 41 shares during the period. Broderick Brian C raised its stake in shares of NVIDIA Corporation by 0.4% in the second quarter. Broderick Brian C now owns 13,806 shares of the computer hardware maker’s stock worth $1,996,000 after buying an additional 52 shares during the period. Finally, Savant Capital LLC raised its stake in shares of NVIDIA Corporation by 2.7% in the first quarter. Savant Capital LLC now owns 2,270 shares of the computer hardware maker’s stock worth $247,000 after buying an additional 60 shares during the period. Institutional investors own 68.91% of the company’s stock.

NVIDIA Corporation (NASDAQ:NVDA) opened at 172.11 on Thursday. The company has a market capitalization of $102.41 billion, a PE ratio of 57.77 and a beta of 1.24. The company has a 50-day moving average price of $159.41 and a 200 day moving average price of $126.75. NVIDIA Corporation has a 52-week low of $57.32 and a 52-week high of $174.56.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 48.7% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Corporation will post $3.10 earnings per share for the current year.

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A number of analysts recently commented on the company. Bank of America Corporation reiterated a “buy” rating on shares of NVIDIA Corporation in a report on Monday. B. Riley reiterated a “buy” rating and set a $200.00 price target (up from $135.00) on shares of NVIDIA Corporation in a report on Monday. BidaskClub upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Vetr lowered NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $177.02 price target on the stock. in a report on Wednesday. Finally, Citigroup Inc. reiterated a “buy” rating and set a $180.00 price target on shares of NVIDIA Corporation in a report on Thursday. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. NVIDIA Corporation currently has an average rating of “Hold” and a consensus target price of $136.64.

In other news, Director Persis Drell sold 2,500 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $130.02, for a total transaction of $325,050.00. Following the sale, the director now directly owns 24,652 shares of the company’s stock, valued at $3,205,253.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the sale, the director now directly owns 30,762 shares in the company, valued at $4,623,220.98. The disclosure for this sale can be found here. Insiders sold 572,282 shares of company stock worth $86,830,082 over the last ninety days. Corporate insiders own 5.82% of the company’s stock.

NVIDIA Corporation Company 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.

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

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