Calamos Advisors LLC Sells 129,549 Shares of NVIDIA Co. (NASDAQ:NVDA)

Calamos Advisors LLC decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 24.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 406,645 shares of the computer hardware maker’s stock after selling 129,549 shares during the period. Calamos Advisors LLC’s holdings in NVIDIA were worth $70,785,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Pacific Center for Financial Services boosted its holdings in NVIDIA by 143.1% in the 2nd quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock valued at $26,000 after purchasing an additional 93 shares during the period. LLBH Private Wealth Management LLC purchased a new stake in shares of NVIDIA in the second quarter valued at about $27,000. Field & Main Bank purchased a new stake in shares of NVIDIA in the second quarter valued at about $33,000. Sound Income Strategies LLC raised its holdings in shares of NVIDIA by 96.2% in the second quarter. Sound Income Strategies LLC now owns 204 shares of the computer hardware maker’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. Finally, Ruggie Capital Group purchased a new stake in NVIDIA during the second quarter worth about $35,000. 64.44% of the stock is owned by institutional investors and hedge funds.

In other NVIDIA news, Director Persis Drell sold 165 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $180.45, for a total transaction of $29,774.25. Following the transaction, the director now directly owns 18,019 shares of the company’s stock, valued at approximately $3,251,528.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 31,357 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $179.01, for a total transaction of $5,613,216.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,383 shares of company stock worth $11,625,217. Insiders own 4.64% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $210.00 target price on shares of NVIDIA in a research note on Wednesday, August 21st. Daiwa Capital Markets set a $200.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a research note on Wednesday, August 21st. SunTrust Banks lifted their target price on shares of NVIDIA from $210.00 to $216.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Nomura reiterated a “hold” rating on shares of NVIDIA in a research report on Friday, August 23rd. Finally, Craig Hallum reiterated a “hold” rating and set a $170.00 target price (up from $165.00) on shares of NVIDIA in a research report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $186.67.

NVIDIA stock traded up $5.30 during mid-day trading on Monday, reaching $195.79. 4,264,271 shares of the company traded hands, compared to its average volume of 8,796,882. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.65 and a quick ratio of 7.74. The firm’s 50 day moving average price is $178.59 and its 200 day moving average price is $168.32. The firm has a market capitalization of $119.24 billion, a price-to-earnings ratio of 32.26, a P/E/G ratio of 5.00 and a beta of 2.05. NVIDIA Co. has a 52-week low of $124.46 and a 52-week high of $242.55.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.37. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.55 billion. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The company’s quarterly revenue was down 17.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.94 EPS. On average, sell-side analysts anticipate that NVIDIA Co. will post 4.07 EPS for the current 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.

Featured Article: Growth Stocks, What They Are, What They Are Not

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.