Segantii Capital Management Ltd lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 63.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,500 shares of the computer hardware maker’s stock after selling 6,000 shares during the period. Segantii Capital Management Ltd’s holdings in NVIDIA Corporation were worth $506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TB Alternative Assets Ltd. purchased a new position in NVIDIA Corporation during the second quarter worth about $116,000. Proficio Capital Partners LLC raised its position in 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. Founders Capital Management raised its position in 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. Quadrant Capital Group LLC raised its position in 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. Finally, Coconut Grove Bank raised its position in 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. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NVIDIA Corporation (NVDA) opened at 164.74 on Friday. The company has a market capitalization of $98.02 billion, a PE ratio of 55.30 and a beta of 1.24. The stock’s 50 day moving average price is $159.56 and its 200-day moving average price is $127.02. 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 Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The firm’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. On average, analysts expect that NVIDIA Corporation will post $3.10 earnings per share for the current year.

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NVDA has been the topic of a number of analyst reports. B. Riley reissued a “buy” rating and issued a $135.00 price target on shares of NVIDIA Corporation in a research note on Monday, May 8th. UBS AG reissued a “buy” rating and issued a $132.00 price target on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. Barclays PLC lifted their price target on NVIDIA Corporation to $140.00 and gave the stock an “equal weight” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating on shares of NVIDIA Corporation in a research note on Friday. Finally, BidaskClub raised NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $139.79.

In related news, Director Persis Drell sold 2,500 shares of NVIDIA Corporation stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $130.02, for a total transaction of $325,050.00. Following the completion of the sale, the director now directly owns 24,652 shares of the company’s stock, valued at approximately $3,205,253.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $164.53, for a total value of $8,226,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 572,282 shares of company stock valued at $86,830,082. 5.82% of the stock is currently owned by 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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