Neumann Capital Management LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,845 shares of the computer hardware maker’s stock after selling 1,100 shares during the quarter. NVIDIA makes up about 1.4% of Neumann Capital Management LLC’s holdings, making the stock its 22nd largest holding. Neumann Capital Management LLC’s holdings in NVIDIA were worth $2,236,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. RPG Investment Advisory LLC grew its position in shares of NVIDIA by 1.4% in the third quarter. RPG Investment Advisory LLC now owns 36,960 shares of the computer hardware maker’s stock valued at $6,434,000 after purchasing an additional 504 shares in the last quarter. Brighton Jones LLC grew its position in shares of NVIDIA by 27.4% in the third quarter. Brighton Jones LLC now owns 2,658 shares of the computer hardware maker’s stock valued at $463,000 after purchasing an additional 572 shares in the last quarter. CENTRAL TRUST Co grew its position in shares of NVIDIA by 6.4% in the third quarter. CENTRAL TRUST Co now owns 9,278 shares of the computer hardware maker’s stock valued at $1,616,000 after purchasing an additional 559 shares in the last quarter. Connors Investor Services Inc. grew its position in shares of NVIDIA by 19.7% in the third quarter. Connors Investor Services Inc. now owns 12,726 shares of the computer hardware maker’s stock valued at $2,215,000 after purchasing an additional 2,095 shares in the last quarter. Finally, McGuire Investment Group LLC grew its position in shares of NVIDIA by 3.4% in the third quarter. McGuire Investment Group LLC now owns 2,765 shares of the computer hardware maker’s stock valued at $481,000 after purchasing an additional 90 shares in the last quarter. 64.44% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ NVDA traded up $2.25 during mid-day trading on Monday, hitting $206.79. The company had a trading volume of 8,258,431 shares, compared to its average volume of 12,116,393. The company has a market capitalization of $119.89 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 5.06 and a beta of 2.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.65 and a quick ratio of 7.74. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $222.00. The business’s 50-day simple moving average is $182.55 and its 200 day simple moving average is $168.65.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.37. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm earned $1.94 earnings per share. The company’s revenue for the quarter was down 17.4% compared to the same quarter last year. On average, analysts expect that NVIDIA Co. will post 4.07 EPS for the current year.
A number of equities research analysts have recently issued reports on the company. Nomura restated a “hold” rating on shares of NVIDIA in a research report on Friday, August 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 price objective on shares of NVIDIA in a research report on Friday, August 16th. Daiwa Capital Markets set a $200.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Wednesday, August 21st. DZ Bank lowered NVIDIA from a “hold” rating to a “sell” rating and set a $158.00 price objective for the company. in a research report on Friday, September 13th. Finally, Needham & Company LLC reiterated a “sell” rating on shares of NVIDIA in a research report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-seven have issued a buy rating to the company. NVIDIA currently has a consensus rating of “Buy” and a consensus price target of $188.36.
In other NVIDIA news, Director Persis Drell sold 2,500 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $167.36, for a total value of $418,400.00. Following the completion of the transaction, the director now owns 18,184 shares in the company, valued at approximately $3,043,274.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael G. Mccaffery sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $165.97, for a total transaction of $2,489,550.00. Following the completion of the transaction, the director now owns 27,579 shares of the company’s stock, valued at $4,577,286.63. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,383 shares of company stock worth $11,625,217. Company insiders own 4.64% of the company’s stock.
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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