Oregon Public Employees Retirement Fund raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 25.5% during the second quarter, Holdings Channel reports. The firm owned 300,957 shares of the computer hardware maker’s stock after buying an additional 61,100 shares during the period. NVIDIA Corporation comprises 0.7% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 19th largest position. Oregon Public Employees Retirement Fund’s holdings in NVIDIA Corporation were worth $43,506,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Greenwich Wealth Management LLC increased its stake in shares of 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 worth $6,039,000 after buying an additional 357 shares during the period. Columbus Circle Investors bought a new stake in shares of NVIDIA Corporation during the first quarter worth about $8,530,000. Ameriprise Financial Inc. increased 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 period. Menora Mivtachim Holdings LTD. bought a new stake in shares of NVIDIA Corporation during the first quarter worth about $17,244,000. Finally, Koch Industries Inc. bought a new stake in shares of NVIDIA Corporation during the first quarter worth about $634,000. Hedge funds and other institutional investors own 68.83% of the company’s stock.

NVIDIA Corporation (NASDAQ:NVDA) opened at 164.95 on Monday. The company’s 50-day moving average price is $145.38 and its 200-day moving average price is $115.28. NVIDIA Corporation has a one year low of $51.84 and a one year high of $168.50. The firm has a market cap of $98.15 billion, a price-to-earnings ratio of 55.37 and a beta of 1.23.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share 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 analyst estimates of $1.91 billion. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The company’s revenue was up 48.7% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. On average, analysts anticipate that NVIDIA Corporation will post $3.09 EPS for the current year.

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NVDA has been the subject of a number of recent research reports. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $171.00 target price (up from $165.00) on shares of NVIDIA Corporation in a research note on Wednesday, June 14th. Vetr downgraded NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $117.10 target price for the company. in a research note on Monday, March 20th. Zacks Investment Research downgraded NVIDIA Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. CLSA reissued an “underperform” rating and set a $115.00 price objective on shares of NVIDIA Corporation in a research report on Wednesday, May 10th. Finally, Pacific Crest reissued an “underweight” rating and set a $90.00 price objective on shares of NVIDIA Corporation in a research report on Monday, May 8th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. NVIDIA Corporation currently has a consensus rating of “Hold” and a consensus target price of $133.80.

In other news, Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $130.02, for a total value of $325,050.00. Following the completion of the sale, the director now owns 24,652 shares of the company’s stock, valued at $3,205,253.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harvey C. Jones sold 145,520 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $159.31, for a total value of $23,182,791.20. Following the completion of the sale, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $4,900,694.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 622,282 shares of company stock valued at $93,304,082. Corporate insiders own 5.17% 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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