NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by HCR Wealth Advisors

HCR Wealth Advisors raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 95.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,727 shares of the computer hardware maker’s stock after buying an additional 1,331 shares during the period. HCR Wealth Advisors’ holdings in NVIDIA were worth $448,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Thor Advisors LLC acquired a new position in NVIDIA during the 1st quarter valued at about $29,000. Harvest Group Wealth Management LLC acquired a new position in NVIDIA during the 1st quarter valued at about $30,000. Truvestments Capital LLC acquired a new position in NVIDIA during the 1st quarter valued at about $33,000. Creative Financial Designs Inc. ADV increased its stake in NVIDIA by 181.2% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 194 shares of the computer hardware maker’s stock valued at $35,000 after buying an additional 125 shares during the period. Finally, Paragon Capital Management LLC acquired a new position in NVIDIA during the 1st quarter valued at about $36,000. 67.47% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA stock opened at $161.19 on Monday. The stock has a 50 day moving average price of $162.88. The stock has a market capitalization of $98.16 billion, a P/E ratio of 26.56, a P/E/G ratio of 4.13 and a beta of 2.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.78 and a current ratio of 8.98. NVIDIA Co. has a fifty-two week low of $124.46 and a fifty-two week high of $292.76.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.20 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The firm’s quarterly revenue was down 30.8% compared to the same quarter last year. During the same period last year, the firm posted $2.05 earnings per share. As a group, research analysts predict that NVIDIA Co. will post 4.16 earnings per share for the current fiscal year.

NVDA has been the topic of several research analyst reports. Zacks Investment Research cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Summit Insights cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $158.57 price objective on the stock. in a research note on Friday, May 17th. Stifel Nicolaus lowered their price objective on shares of NVIDIA from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. BidaskClub cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Morgan Stanley lifted their price objective on shares of NVIDIA from $148.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Monday, May 13th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $194.34.

In related news, Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Following the completion of the sale, the director now directly owns 20,684 shares in the company, valued at $3,450,091.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 2,236 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $164.01, for a total transaction of $366,726.36. Following the sale, the chief financial officer now owns 239,710 shares of the company’s stock, valued at $39,314,837.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,736 shares of company stock worth $15,293,726. 4.64% of the stock is currently owned by insiders.

NVIDIA Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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.

Featured Article: What does cost of debt say about a company’s financial health?

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.