Robeco Institutional Asset Management B.V. Sells 196,969 Shares of NVIDIA Co. (NASDAQ:NVDA)

Robeco Institutional Asset Management B.V. lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 84.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,170 shares of the computer hardware maker’s stock after selling 196,969 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in NVIDIA were worth $5,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thor Advisors LLC acquired a new stake in NVIDIA in the first quarter valued at approximately $29,000. Harvest Group Wealth Management LLC acquired a new stake in NVIDIA in the first quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new stake in NVIDIA in the first quarter valued at approximately $33,000. Sound Income Strategies LLC boosted its stake in NVIDIA by 96.2% in the second quarter. Sound Income Strategies LLC now owns 204 shares of the computer hardware maker’s stock valued at $34,000 after acquiring an additional 100 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of NVIDIA by 181.2% during the first quarter. Creative Financial Designs Inc. ADV now owns 194 shares of the computer hardware maker’s stock worth $35,000 after buying an additional 125 shares during the period. 67.47% of the stock is owned by institutional investors and hedge funds.

NASDAQ NVDA traded down $1.63 during trading hours on Wednesday, hitting $150.72. 1,971,871 shares of the company’s stock traded hands, compared to its average volume of 9,389,096. NVIDIA Co. has a 52-week low of $124.46 and a 52-week high of $292.76. The company has a market cap of $98.16 billion, a P/E ratio of 24.83, a PEG ratio of 4.13 and a beta of 2.07. The company has a quick ratio of 7.78, a current ratio of 8.98 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average is $163.78.

NVIDIA (NASDAQ:NVDA) last announced 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 company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the prior year, the company earned $2.05 EPS. NVIDIA’s revenue was down 30.8% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Co. will post 4.16 EPS for the current year.

Several equities research analysts have recently commented on the stock. Barclays lowered their price objective on shares of NVIDIA from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. DZ Bank downgraded shares of NVIDIA to a “sell” rating and set a $170.00 price objective for the company. in a research note on Friday, April 12th. Royal Bank of Canada lifted their price objective on shares of NVIDIA to $200.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th. Sanford C. Bernstein set a $150.00 price objective on shares of NVIDIA and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Finally, Wedbush assumed coverage on shares of NVIDIA in a research note on Wednesday, June 26th. They set an “outperform” rating and a $184.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $194.34.

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

NVIDIA Company 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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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