Harbor Advisors LLC Takes Position in NVIDIA Corporation (NVDA)

Harbor Advisors LLC acquired a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,000 shares of the computer hardware maker’s stock, valued at approximately $436,000.

A number of other large investors also recently made changes to their positions in NVDA. Quadrant Capital Group LLC raised its stake in shares of NVIDIA Corporation by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock worth $105,000 after buying an additional 157 shares during the last quarter. Coconut Grove Bank raised its stake in shares of NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock worth $132,000 after buying an additional 1,060 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in shares of NVIDIA Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the computer hardware maker’s stock worth $174,000 after buying an additional 752 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of NVIDIA Corporation during the first quarter worth $182,000. Finally, Greenleaf Trust bought a new stake in shares of NVIDIA Corporation during the first quarter worth $203,000. Institutional investors own 68.79% of the company’s stock.

Shares of NVIDIA Corporation (NVDA) traded up 0.44% on Friday, reaching $167.21. 14,727,353 shares of the company’s stock traded hands. The stock has a market capitalization of $99.49 billion, a price-to-earnings ratio of 56.13 and a beta of 1.24. NVIDIA Corporation has a 52 week low of $57.31 and a 52 week high of $170.07. The stock’s 50-day moving average price is $156.80 and its 200-day moving average price is $124.22.

NVIDIA Corporation (NASDAQ:NVDA) last announced its earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business posted $0.46 earnings per share. The company’s quarterly revenue was up 48.7% on a year-over-year basis. Equities analysts predict that NVIDIA Corporation will post $3.10 EPS for the current year.

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A number of brokerages recently weighed in on NVDA. Vetr upgraded shares of NVIDIA Corporation from a “buy” rating to a “strong-buy” rating and set a $117.19 price objective for the company in a report on Thursday, May 4th. Stifel Nicolaus boosted their price target on shares of NVIDIA Corporation from $90.00 to $93.00 and gave the company a “hold” rating in a report on Wednesday, May 10th. Rosenblatt Securities restated a “buy” rating and issued a $140.00 price target on shares of NVIDIA Corporation in a report on Friday, May 19th. Royal Bank Of Canada restated an “outperform” rating and issued a $175.00 price target on shares of NVIDIA Corporation in a report on Thursday, July 13th. Finally, Zacks Investment Research upgraded shares of NVIDIA Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $134.48.

In related news, Director Harvey C. Jones sold 100,000 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $150.29, for a total value of $15,029,000.00. Following the completion of the transaction, the director now owns 30,762 shares in the company, valued at approximately $4,623,220.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harvey C. Jones sold 145,520 shares of the stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $159.31, for a total value of $23,182,791.20. Following the completion of the transaction, the director now owns 30,762 shares of the company’s stock, valued at approximately $4,900,694.22. The disclosure for this sale can be found here. Insiders sold a total of 622,282 shares of company stock valued at $93,304,082 in the last quarter. 5.82% of the stock is currently owned by corporate 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.

Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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