NVIDIA Corporation (NVDA) Holdings Decreased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 33.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,247 shares of the computer hardware maker’s stock after selling 2,660 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in NVIDIA Corporation were worth $951,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its holdings in shares of NVIDIA Corporation by 1.7% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 20,870 shares of the computer hardware maker’s stock worth $2,273,000 after acquiring an additional 340 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in shares of NVIDIA Corporation by 467.3% during the 1st quarter. Rafferty Asset Management LLC now owns 106,099 shares of the computer hardware maker’s stock worth $11,557,000 after acquiring an additional 87,396 shares during the last quarter. Credit Agricole S A increased its holdings in shares of NVIDIA Corporation by 4.7% during the 1st quarter. Credit Agricole S A now owns 1,155,382 shares of the computer hardware maker’s stock worth $125,854,000 after acquiring an additional 52,252 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of NVIDIA Corporation by 54.5% during the 1st quarter. Van ECK Associates Corp now owns 358,259 shares of the computer hardware maker’s stock worth $39,025,000 after acquiring an additional 126,418 shares during the last quarter. Finally, Gofen & Glossberg LLC IL increased its holdings in shares of NVIDIA Corporation by 7.2% during the 1st quarter. Gofen & Glossberg LLC IL now owns 15,977 shares of the computer hardware maker’s stock worth $1,740,000 after acquiring an additional 1,077 shares during the last quarter. 65.79% of the stock is currently owned by hedge funds and other institutional investors.

NVDA has been the topic of a number of recent analyst reports. Mizuho reissued a “buy” rating and set a $180.00 target price (up from $170.00) on shares of NVIDIA Corporation in a report on Friday, August 11th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $140.00 target price on shares of NVIDIA Corporation in a report on Wednesday, August 16th. Vetr lowered NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price on the stock. in a report on Thursday, August 31st. Zacks Investment Research raised NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price on the stock in a report on Tuesday, July 11th. Finally, Canaccord Genuity reissued a “buy” rating and set a $190.00 target price (up from $180.00) on shares of NVIDIA Corporation in a report on Thursday, August 10th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $160.31.

Shares of NVIDIA Corporation (NASDAQ:NVDA) traded down 0.46% on Friday, reaching $196.90. The company’s stock had a trading volume of 11,290,462 shares. NVIDIA Corporation has a 12-month low of $66.58 and a 12-month high of $199.59. The company’s 50 day moving average price is $180.71 and its 200 day moving average price is $151.51. The company has a market cap of $118.14 billion, a P/E ratio of 56.63 and a beta of 1.28.

NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 56.2% on a year-over-year basis. Analysts forecast that NVIDIA Corporation will post $3.63 EPS for the current fiscal year.

In other NVIDIA Corporation news, insider Jen Hsun Huang sold 110,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total transaction of $18,268,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $189.62, for a total value of $9,481,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 452,784 sh

Other large investors also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its holdings in shares of NVIDIA Corporation by 1.7% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 20,870 shares of the computer hardware maker’s stock worth $2,273,000 after acquiring an additional 340 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in shares of NVIDIA Corporation by 467.3% during the 1st quarter. Rafferty Asset Management LLC now owns 106,099 shares of the computer hardware maker’s stock worth $11,557,000 after acquiring an additional 87,396 shares during the last quarter. Credit Agricole S A increased its holdings in shares of NVIDIA Corporation by 4.7% during the 1st quarter. Credit Agricole S A now owns 1,155,382 shares of the computer hardware maker’s stock worth $125,854,000 after acquiring an additional 52,252 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of NVIDIA Corporation by 54.5% during the 1st quarter. Van ECK Associates Corp now owns 358,259 shares of the computer hardware maker’s stock worth $39,025,000 after acquiring an additional 126,418 shares during the last quarter. Finally, Gofen & Glossberg LLC IL increased its holdings in shares of NVIDIA Corporation by 7.2% during the 1st quarter. Gofen & Glossberg LLC IL now owns 15,977 shares of the computer hardware maker’s stock worth $1,740,000 after acquiring an additional 1,077 shares during the last quarter. 65.79% of the stock is currently owned by hedge funds and other institutional investors.

NVDA has been the topic of a number of recent analyst reports. Mizuho reissued a “buy” rating and set a $180.00 target price (up from $170.00) on shares of NVIDIA Corporation in a report on Friday, August 11th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $140.00 target price on shares of NVIDIA Corporation in a report on Wednesday, August 16th. Vetr lowered NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 target price on the stock. in a report on Thursday, August 31st. Zacks Investment Research raised NVIDIA Corporation from a “hold” rating to a “strong-buy” rating and set a $169.00 target price on the stock in a report on Tuesday, July 11th. Finally, Canaccord Genuity reissued a “buy” rating and set a $190.00 target price (up from $180.00) on shares of NVIDIA Corporation in a report on Thursday, August 10th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $160.31.

Shares of NVIDIA Corporation (NASDAQ:NVDA) traded down 0.46% on Friday, reaching $196.90. The company’s stock had a trading volume of 11,290,462 shares. NVIDIA Corporation has a 12-month low of $66.58 and a 12-month high of $199.59. The company’s 50 day moving average price is $180.71 and its 200 day moving average price is $151.51. The company has a market cap of $118.14 billion, a P/E ratio of 56.63 and a beta of 1.28.

NVIDIA Corporation (NASDAQ:NVDA) last posted its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 56.2% on a year-over-year basis. Analysts forecast that NVIDIA Corporation will post $3.63 EPS for the current fiscal year.

In other NVIDIA Corporation news, insider Jen Hsun Huang sold 110,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $166.08, for a total transaction of $18,268,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $189.62, for a total value of $9,481,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 452,784 shares of company stock worth $81,437,724 in the last quarter. Company insiders own 5.82% of the company’s stock.

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NVIDIA Corporation Profile

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.

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

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