Harel Insurance Investments & Financial Services Ltd. Has $469,000 Stake in NVIDIA Corporation (NVDA)

Harel Insurance Investments & Financial Services Ltd. raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 31.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,245 shares of the computer hardware maker’s stock after buying an additional 772 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in NVIDIA Corporation were worth $469,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Telemus Capital LLC acquired a new position in shares of NVIDIA Corporation during the first quarter valued at about $654,000. Harvey Capital Management Inc. acquired a new position in shares of NVIDIA Corporation during the first quarter valued at about $217,000. Portland Global Advisors LLC increased its position in shares of NVIDIA Corporation by 12.8% in the first quarter. Portland Global Advisors LLC now owns 2,650 shares of the computer hardware maker’s stock valued at $289,000 after buying an additional 300 shares in the last quarter. Kissinger Financial Services LLC increased its position in shares of NVIDIA Corporation by 6.4% in the first quarter. Kissinger Financial Services LLC now owns 9,788 shares of the computer hardware maker’s stock valued at $1,066,000 after buying an additional 589 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of NVIDIA Corporation by 6.8% in the first quarter. Louisiana State Employees Retirement System now owns 36,200 shares of the computer hardware maker’s stock valued at $3,943,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 68.91% of the company’s stock.

Shares of NVIDIA Corporation (NVDA) opened at 172.11 on Thursday. NVIDIA Corporation has a 12-month low of $57.32 and a 12-month high of $174.56. The firm’s 50-day moving average is $159.41 and its 200-day moving average is $126.75. The company has a market capitalization of $102.41 billion, a PE ratio of 57.77 and a beta of 1.24.

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

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Several brokerages have recently issued reports on NVDA. Bank of America Corporation reiterated a “buy” rating on shares of NVIDIA Corporation in a research report on Monday. B. Riley reiterated a “buy” rating and set a $200.00 price objective (up from $135.00) on shares of NVIDIA Corporation in a research report on Monday. BidaskClub upgraded NVIDIA Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Vetr downgraded NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $177.02 price objective for the company. in a research report on Wednesday. Finally, Citigroup Inc. reiterated a “buy” rating and set a $180.00 price objective on shares of NVIDIA Corporation in a research report on Thursday. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. NVIDIA Corporation presently has an average rating of “Hold” and a consensus price target of $136.64.

In other news, Director Persis Drell sold 2,500 shares of NVIDIA Corporation stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $130.02, for a total value of $325,050.00. Following the completion of the transaction, the director now owns 24,652 shares of the company’s stock, valued at approximately $3,205,253.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 100,000 shares of NVIDIA Corporation stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $150.29, for a total transaction of $15,029,000.00. Following the completion of the transaction, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $4,623,220.98. The disclosure for this sale can be found here. In the last three months, insiders sold 572,282 shares of company stock valued at $86,830,082. Insiders own 5.82% of the company’s stock.

About NVIDIA Corporation

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.

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

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