NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Capital Investment Counsel Inc

Capital Investment Counsel Inc boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,307 shares of the computer hardware maker’s stock after buying an additional 987 shares during the quarter. NVIDIA accounts for about 1.2% of Capital Investment Counsel Inc’s investment portfolio, making the stock its 21st largest position. Capital Investment Counsel Inc’s holdings in NVIDIA were worth $3,335,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of NVDA. Thor Advisors LLC acquired a new position in NVIDIA in the first quarter worth approximately $29,000. Harvest Group Wealth Management LLC purchased a new position in NVIDIA during the 1st quarter worth approximately $30,000. Truvestments Capital LLC purchased a new position in NVIDIA during the 1st quarter worth approximately $33,000. Field & Main Bank purchased a new position in NVIDIA during the 2nd quarter worth approximately $33,000. Finally, Sound Income Strategies LLC grew its position in NVIDIA by 96.2% during the 2nd quarter. Sound Income Strategies LLC now owns 204 shares of the computer hardware maker’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 67.47% of the company’s stock.

NVDA stock opened at $150.58 on Wednesday. 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 1 year low of $124.46 and a 1 year high of $292.76. The firm has a fifty day simple moving average of $163.78. The firm has a market cap of $98.16 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 4.13 and a beta of 2.07.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the business earned $2.05 EPS. NVIDIA’s quarterly revenue was down 30.8% compared to the same quarter last year. Sell-side analysts anticipate that NVIDIA Co. will post 4.16 earnings per share for the current fiscal year.

In related news, Director Harvey C. Jones sold 100,000 shares of NVIDIA stock in a transaction on Monday, June 17th. The shares were sold at an average price of $145.10, for a total value of $14,510,000.00. Following the completion of the sale, the director now owns 32,983 shares of the company’s stock, valued at approximately $4,785,833.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 2,236 shares of NVIDIA stock in a transaction on Friday, June 28th. The shares were sold at an average price of $164.01, for a total transaction of $366,726.36. Following the completion of the sale, the chief financial officer now directly owns 239,710 shares of the company’s stock, valued at approximately $39,314,837.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,736 shares of company stock valued at $15,293,726. 4.64% of the stock is owned by company insiders.

Several equities analysts have weighed in on NVDA shares. BidaskClub cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group lowered their price objective on shares of NVIDIA from $210.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Wedbush started coverage on shares of NVIDIA in a research report on Wednesday, June 26th. They set an “outperform” rating and a $184.00 price objective on the stock. Barclays lowered their price objective on shares of NVIDIA from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Finally, Zacks Investment Research cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $194.34.

About NVIDIA

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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