Emerald Advisers LLC Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

Emerald Advisers LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 21.8% during the second quarter, Holdings Channel.com reports. The firm owned 2,493 shares of the computer hardware maker’s stock after buying an additional 446 shares during the period. Emerald Advisers LLC’s holdings in NVIDIA were worth $409,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NVDA. Comerica Securities Inc. increased its position in shares of NVIDIA by 95.7% during the 4th quarter. Comerica Securities Inc. now owns 2,853 shares of the computer hardware maker’s stock valued at $381,000 after purchasing an additional 1,395 shares during the last quarter. Truvestments Capital LLC purchased a new position in NVIDIA during the 1st quarter valued at about $33,000. First Manhattan Co. grew its holdings in NVIDIA by 217.6% during the 1st quarter. First Manhattan Co. now owns 1,407 shares of the computer hardware maker’s stock valued at $252,000 after buying an additional 964 shares in the last quarter. Ropes Wealth Advisors LLC grew its holdings in NVIDIA by 259.6% during the 1st quarter. Ropes Wealth Advisors LLC now owns 320 shares of the computer hardware maker’s stock valued at $57,000 after buying an additional 231 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in NVIDIA during the 1st quarter valued at about $206,000. 67.54% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:NVDA opened at $150.96 on Thursday. The stock has a 50 day moving average price of $163.99. The company has a market cap of $92.23 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 3.88 and a beta of 2.07. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $292.76. The company has a quick ratio of 7.78, a current ratio of 8.98 and a debt-to-equity ratio of 0.25.

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

In other NVIDIA 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 completion of the sale, the director now owns 20,684 shares in the company, valued at $3,450,091.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 2,236 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $164.01, for a total value 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 disclosure for this sale can be found here. Insiders sold 104,736 shares of company stock valued at $15,293,726 in the last quarter. Corporate insiders own 4.64% of the company’s stock.

A number of research analysts have weighed in on the company. Morgan Stanley lifted their target price on NVIDIA from $148.00 to $170.00 and gave the company an “equal weight” rating in a report on Monday, May 13th. Royal Bank of Canada reduced their target price on NVIDIA from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday. Wells Fargo & Co reaffirmed a “buy” rating on shares of NVIDIA in a report on Monday. Barclays reduced their target price on NVIDIA from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. Finally, Zacks Investment Research lowered NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-six have given a buy rating to the company. NVIDIA currently has an average rating of “Buy” and a consensus price target of $194.07.

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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