Macguire Cheswick & Tuttle Investment Counsel LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 23.4% during the second quarter, Holdings Channel reports. The fund owned 2,400 shares of the computer hardware maker’s stock after buying an additional 455 shares during the period. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in NVIDIA Corporation were worth $347,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NVDA. Quadrant Capital Group LLC boosted its position in shares of NVIDIA Corporation by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock worth $105,000 after buying an additional 157 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in shares of NVIDIA Corporation during the second quarter worth approximately $116,000. Proficio Capital Partners LLC boosted its position in shares of NVIDIA Corporation by 186.1% in the first quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after buying an additional 547 shares during the last quarter. Coconut Grove Bank boosted its position in shares of NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 1,060 shares during the last quarter. Finally, Founders Capital Management boosted its position in shares of NVIDIA Corporation by 25.0% in the second quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock worth $145,000 after buying an additional 200 shares during the last quarter. 68.91% of the stock is owned by institutional investors and hedge funds.

Shares of NVIDIA Corporation (NVDA) opened at 155.96 on Friday. The firm has a market capitalization of $93.11 billion, a PE ratio of 44.85 and a beta of 1.24. NVIDIA Corporation has a 1-year low of $57.32 and a 1-year high of $174.56. The firm has a 50-day moving average price of $159.49 and a 200-day moving average price of $127.38. NVIDIA Corporation also saw some unusual options trading activity on Thursday. Traders acquired 84,606 put options on the company. This is an increase of 147% compared to the typical volume of 34,198 put options.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings data 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. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.99%. The firm’s revenue for the quarter was up 56.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. On average, analysts forecast that NVIDIA Corporation will post $3.10 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 24th will be given a $0.14 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.36%. NVIDIA Corporation’s payout ratio is currently 15.86%.

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NVDA has been the subject of a number of research analyst reports. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $130.00 target price on shares of NVIDIA Corporation in a report on Friday, April 14th. B. Riley reissued a “buy” rating and set a $135.00 target price on shares of NVIDIA Corporation in a report on Monday, May 8th. Vetr cut NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $111.03 target price for the company. in a report on Tuesday, April 18th. Royal Bank Of Canada reissued a “buy” rating and set a $130.00 target price on shares of NVIDIA Corporation in a report on Tuesday, May 2nd. Finally, Citigroup Inc. reissued a “buy” rating and set a $145.00 target price on shares of NVIDIA Corporation in a report on Wednesday, May 10th. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $144.43.

In other news, EVP Ajay K. Puri sold 81,931 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $139.90, for a total transaction of $11,462,146.90. Following the transaction, the executive vice president now owns 564,696 shares of the company’s stock, valued at $79,000,970.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Byron sold 25,507 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $137.09, for a total transaction of $3,496,754.63. Following the transaction, the insider now directly owns 162,706 shares in the company, valued at approximately $22,305,365.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 572,282 shares of company stock valued at $86,830,082. 5.82% of the stock is currently owned by corporate insiders.

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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