Hayden Royal LLC Invests $302,000 in NVIDIA Co. (NASDAQ:NVDA)

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Hayden Royal LLC purchased a new position in NVIDIA Co. (NASDAQ:NVDA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,819 shares of the computer hardware maker’s stock, valued at approximately $302,000.

Several other institutional investors have also bought and sold shares of the company. Bay Harbor Wealth Management LLC increased its holdings in shares of NVIDIA by 41.4% in the 1st quarter. Bay Harbor Wealth Management LLC now owns 205 shares of the computer hardware maker’s stock worth $37,000 after acquiring an additional 60 shares during the period. LS Investment Advisors LLC increased its holdings in shares of NVIDIA by 0.5% in the 1st quarter. LS Investment Advisors LLC now owns 11,952 shares of the computer hardware maker’s stock worth $2,146,000 after acquiring an additional 62 shares during the period. McIlrath & Eck LLC increased its holdings in shares of NVIDIA by 14.5% in the 1st quarter. McIlrath & Eck LLC now owns 496 shares of the computer hardware maker’s stock worth $89,000 after acquiring an additional 63 shares during the period. Tradewinds Capital Management LLC increased its holdings in shares of NVIDIA by 19.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 393 shares of the computer hardware maker’s stock worth $71,000 after acquiring an additional 65 shares during the period. Finally, Sky Investment Group LLC increased its holdings in shares of NVIDIA by 0.9% in the 1st quarter. Sky Investment Group LLC now owns 7,160 shares of the computer hardware maker’s stock worth $1,286,000 after acquiring an additional 67 shares during the period. Institutional investors own 67.54% of the company’s stock.

Shares of NVDA opened at $156.05 on Wednesday. NVIDIA Co. has a one year low of $124.46 and a one year high of $292.76. The stock has a 50-day moving average price of $164.05. The firm has a market capitalization of $93.90 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 3.95 and a beta of 2.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.78 and a current ratio of 8.98.

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

Several research firms have commented on NVDA. Wedbush began coverage on shares of NVIDIA in a research note on Wednesday, June 26th. They set an “outperform” rating and a $184.00 target price on the stock. Zacks Investment Research cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Royal Bank of Canada lowered their target price on shares of NVIDIA from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday. Sanford C. Bernstein set a $150.00 target price on shares of NVIDIA and gave the company a “hold” rating in a research note on Wednesday, June 26th. Finally, BidaskClub cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $194.07.

In related news, Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $3,450,091.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the sale, the director now 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 90 days, insiders have sold 104,736 shares of company stock valued at $15,293,726. 4.64% of the stock is currently owned by corporate insiders.

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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