Executive Wealth Management LLC Increases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

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Executive Wealth Management LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 13.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,374 shares of the computer hardware maker’s stock after buying an additional 1,206 shares during the period. Executive Wealth Management LLC’s holdings in NVIDIA were worth $1,704,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Thor Advisors LLC acquired a new position in shares of NVIDIA during the 1st quarter valued at $29,000. Harvest Group Wealth Management LLC acquired a new position in shares of NVIDIA during the 1st quarter valued at $30,000. Truvestments Capital LLC acquired a new position in shares of NVIDIA during the 1st quarter valued at $33,000. Field & Main Bank acquired a new position in shares of NVIDIA during the 2nd quarter valued at $33,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of NVIDIA by 96.2% during the 2nd quarter. Sound Income Strategies LLC now owns 204 shares of the computer hardware maker’s stock valued at $34,000 after acquiring an additional 100 shares in the last quarter. 67.54% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on NVDA shares. Morgan Stanley lifted their target price on shares of NVIDIA from $148.00 to $170.00 and gave the company an “equal weight” rating in a report on Monday, May 13th. Summit Redstone lowered shares of NVIDIA to a “hold” rating in a report on Friday, May 17th. UBS Group reduced their target price on shares of NVIDIA from $210.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Cascend Securities upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Thursday, July 11th. Finally, Sanford C. Bernstein set a $150.00 target price on shares of NVIDIA and gave the company a “hold” rating in a report on Wednesday, June 26th. Three research 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. The company presently has an average rating of “Buy” and an average price target of $194.07.

Shares of NVDA stock opened at $156.05 on Wednesday. NVIDIA Co. has a 12 month low of $124.46 and a 12 month high of $292.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 8.98 and a quick ratio of 7.78. The firm has a market cap of $93.90 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 3.95 and a beta of 2.07. The business has a fifty day moving average price of $164.05.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, May 16th. The computer hardware maker reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. NVIDIA had a net margin of 30.68% and a return on equity of 31.27%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the business posted $2.05 EPS. The firm’s revenue was down 30.8% compared to the same quarter last year. Research analysts predict that NVIDIA Co. will post 4.16 EPS for the current fiscal year.

In other news, Director Harvey C. Jones sold 100,000 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $145.10, for a total value of $14,510,000.00. Following the sale, the director now owns 32,983 shares in the company, valued at approximately $4,785,833.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Persis Drell sold 2,500 shares of the company’s stock in a transaction dated 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 owns 20,684 shares in the company, valued at approximately $3,450,091.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,736 shares of company stock worth $15,293,726. Company insiders own 4.64% of the company’s stock.

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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