NVIDIA Co. (NASDAQ:NVDA) Stock Position Lessened by SeaTown Holdings Pte. Ltd.

SeaTown Holdings Pte. Ltd. decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 32.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 38,500 shares of the computer hardware maker’s stock after selling 18,800 shares during the quarter. SeaTown Holdings Pte. Ltd.’s holdings in NVIDIA were worth $6,323,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Charter Trust Co. boosted its stake in NVIDIA by 3.4% during the second quarter. Charter Trust Co. now owns 8,165 shares of the computer hardware maker’s stock valued at $1,341,000 after buying an additional 271 shares in the last quarter. Wedbush Securities Inc. boosted its stake in NVIDIA by 3.7% during the second quarter. Wedbush Securities Inc. now owns 22,269 shares of the computer hardware maker’s stock valued at $3,657,000 after buying an additional 794 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in NVIDIA by 10.9% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 21,972 shares of the computer hardware maker’s stock valued at $3,608,000 after buying an additional 2,166 shares in the last quarter. CWM LLC boosted its stake in NVIDIA by 273.6% during the second quarter. CWM LLC now owns 16,978 shares of the computer hardware maker’s stock valued at $2,788,000 after buying an additional 12,434 shares in the last quarter. Finally, Emerald Advisers LLC lifted its holdings in shares of NVIDIA by 21.8% during the second quarter. Emerald Advisers LLC now owns 2,493 shares of the computer hardware maker’s stock valued at $409,000 after purchasing an additional 446 shares during the last quarter. 67.54% of the stock is owned by institutional investors.

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



NVIDIA stock traded up $4.71 during mid-day trading on Tuesday, hitting $156.16. The company’s stock had a trading volume of 567,547 shares, compared to its average volume of 8,967,156. The stock’s 50 day moving average is $163.99. The firm has a market cap of $93.90 billion, a P/E ratio of 25.75, a PEG ratio of 3.95 and a beta of 2.07. The company has a current ratio of 8.98, a quick ratio of 7.78 and a debt-to-equity ratio of 0.25. NVIDIA Co. has a 52-week low of $124.46 and a 52-week high of $292.76.

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

Several equities research analysts have recently commented on NVDA shares. Stifel Nicolaus reduced their target price on NVIDIA from $150.00 to $145.00 and set a “hold” rating for the company in a report on Tuesday, May 14th. UBS Group reduced their target price on NVIDIA from $210.00 to $195.00 and set a “buy” rating for the company in a report on Friday, May 17th. Summit Insights downgraded NVIDIA from a “buy” rating to a “hold” rating and set a $158.57 target price for the company. in a report on Friday, May 17th. Morgan Stanley upped their target price on NVIDIA from $148.00 to $170.00 and gave the company an “equal weight” rating in a report on Monday, May 13th. Finally, BidaskClub downgraded NVIDIA from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Three equities research 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 company. The stock currently has an average rating of “Buy” and a consensus price target of $194.07.

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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