NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 31.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,370 shares of the computer hardware maker’s stock after selling 16,232 shares during the quarter. Twin Capital Management Inc.’s holdings in NVIDIA were worth $5,809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Thor Advisors LLC purchased a new position in NVIDIA during the 1st quarter valued at about $29,000. Harvest Group Wealth Management LLC purchased a new position in shares of NVIDIA in the 1st quarter valued at about $30,000. Truvestments Capital LLC purchased a new position in shares of NVIDIA in the 1st quarter valued at about $33,000. Field & Main Bank purchased a new position in shares of NVIDIA in the 2nd quarter valued at about $33,000. Finally, Sound Income Strategies LLC boosted its stake in shares of NVIDIA by 96.2% in the 2nd quarter. Sound Income Strategies LLC now owns 204 shares of the computer hardware maker’s stock valued at $34,000 after buying an additional 100 shares during the period. 67.54% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ NVDA traded down $1.45 during midday trading on Thursday, hitting $148.62. 5,272,299 shares of the company’s stock were exchanged, compared to its average volume of 8,953,856. The company has a market cap of $92.23 billion, a P/E ratio of 24.48, a PEG ratio of 3.88 and a beta of 2.07. NVIDIA Co. has a twelve month low of $124.46 and a twelve month high of $292.76. The firm has a fifty day simple moving average of $163.99. 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 (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. NVIDIA had a return on equity of 31.27% and a net margin of 30.68%. The firm’s revenue was down 30.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 earnings per share. On average, analysts anticipate that NVIDIA Co. will post 4.16 EPS for the current fiscal year.

In other news, Director Persis Drell sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $166.80, for a total value of $417,000.00. Following the transaction, the director now owns 20,684 shares of the company’s stock, valued at $3,450,091.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of NVIDIA stock in a transaction that occurred 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 in the company, valued at $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 worth $15,293,726. 4.64% of the stock is currently owned by corporate insiders.

Several brokerages have recently issued reports on NVDA. Royal Bank of Canada decreased their price objective on NVIDIA from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday. Wells Fargo & Co reiterated a “buy” rating on shares of NVIDIA in a research note on Monday. Sanford C. Bernstein set a $150.00 price objective on NVIDIA and gave the company a “hold” rating in a research note on Wednesday, June 26th. Cascend Securities upgraded NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Thursday, July 11th. Finally, Barclays decreased their price objective on NVIDIA from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $194.07.

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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