Summit Securities Group LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 17.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,700 shares of the computer hardware maker’s stock after buying an additional 1,700 shares during the period. Summit Securities Group LLC’s holdings in NVIDIA Corporation were worth $1,691,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Arete Wealth Advisors LLC boosted 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 valued at $314,000 after buying an additional 10 shares during the last quarter. Appleton Partners Inc. MA boosted 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 valued at $372,000 after buying an additional 30 shares during the last quarter. Miles Capital Inc. boosted 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 valued at $427,000 after buying an additional 41 shares during the last quarter. Broderick Brian C boosted 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 valued at $1,996,000 after buying an additional 52 shares during the last quarter. Finally, Savant Capital LLC boosted 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 valued at $247,000 after buying an additional 60 shares during the last quarter. 68.91% of the stock is owned by institutional investors and hedge funds.

NVIDIA Corporation (NVDA) opened at 164.74 on Friday. The company has a market capitalization of $98.02 billion, a price-to-earnings ratio of 55.30 and a beta of 1.24. The stock has a 50 day moving average price of $159.56 and a 200-day moving average price of $127.02. NVIDIA Corporation has a 12-month low of $57.32 and a 12-month high of $174.56.

NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results 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 business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.96 billion. NVIDIA Corporation had a net margin of 25.95% and a return on equity of 36.40%. The company’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Equities analysts predict that NVIDIA Corporation will post $3.10 EPS for the current fiscal year.

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NVDA has been the subject of several recent research reports. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $171.00 price target (up previously from $165.00) on shares of NVIDIA Corporation in a research note on Wednesday, June 14th. Zacks Investment Research cut NVIDIA Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. CLSA reissued an “underperform” rating and issued a $115.00 price target on shares of NVIDIA Corporation in a research note on Wednesday, May 10th. Pacific Crest reissued an “underweight” rating and issued a $90.00 price target on shares of NVIDIA Corporation in a research note on Monday, May 8th. Finally, Vetr cut NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $174.02 price target for the company. in a research note on Tuesday, July 11th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $140.98.

In other news, insider Michael Byron sold 25,507 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $137.09, for a total value of $3,496,754.63. Following the completion of the sale, the insider now directly owns 162,706 shares in the company, valued at approximately $22,305,365.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harvey C. Jones sold 145,520 shares of the company’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 owns 30,762 shares of the company’s stock, valued at $4,900,694.22. The disclosure for this sale can be found here. Insiders sold a total of 572,282 shares of company stock valued at $86,830,082 over the last 90 days. 5.82% of the stock is currently owned by company 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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