HCR Wealth Advisors Has $448,000 Stock Position in NVIDIA Co. (NASDAQ:NVDA)

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HCR Wealth Advisors increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 95.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,727 shares of the computer hardware maker’s stock after buying an additional 1,331 shares during the period. HCR Wealth Advisors’ holdings in NVIDIA were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Comerica Securities Inc. lifted its holdings in shares of NVIDIA by 95.7% in the fourth 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 in the last quarter. Old Port Advisors lifted its stake in shares of NVIDIA by 26.6% during the first quarter. Old Port Advisors now owns 2,315 shares of the computer hardware maker’s stock valued at $416,000 after buying an additional 487 shares during the period. F&V Capital Management LLC lifted its stake in shares of NVIDIA by 31.3% during the first quarter. F&V Capital Management LLC now owns 2,903 shares of the computer hardware maker’s stock valued at $521,000 after buying an additional 692 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of NVIDIA by 5.3% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,017 shares of the computer hardware maker’s stock valued at $1,260,000 after buying an additional 355 shares during the period. Finally, Bank of Edwardsville purchased a new position in shares of NVIDIA during the first quarter valued at approximately $732,000. Institutional investors own 67.47% of the company’s stock.

Several brokerages recently issued reports on NVDA. UBS Group reduced their price objective on shares of NVIDIA from $210.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Zacks Investment Research downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Sanford C. Bernstein set a $150.00 price objective on shares of NVIDIA and gave the company a “hold” rating in a research note on Wednesday, June 26th. Cascend Securities raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Thursday, July 11th. Finally, Stifel Nicolaus reduced their price objective on shares of NVIDIA from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-six have given a buy rating to the company’s stock. NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $194.34.

In related news, Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Following the completion of the sale, the director now directly owns 20,684 shares of the company’s stock, valued at approximately $3,450,091.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the sale, the director now directly owns 32,983 shares of the company’s stock, valued at $4,785,833.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,736 shares of company stock valued at $15,293,726. Company insiders own 4.64% of the company’s stock.

NVIDIA stock opened at $161.19 on Monday. NVIDIA Co. has a 52-week low of $124.46 and a 52-week high of $292.76. The stock has a fifty day simple moving average of $162.88. The firm has a market capitalization of $98.16 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 4.13 and a beta of 2.07. 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 released its quarterly earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.07. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.20 billion. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The business’s revenue was down 30.8% on a year-over-year basis. During the same period last year, the business earned $2.05 EPS. Sell-side analysts forecast that NVIDIA Co. will post 4.16 earnings per share for the current fiscal year.

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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