Fernwood Investment Management LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 21.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,670 shares of the computer hardware maker’s stock after purchasing an additional 300 shares during the period. Fernwood Investment Management LLC’s holdings in NVIDIA were worth $274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comerica Securities Inc. raised its stake in shares of NVIDIA by 95.7% in the fourth quarter. Comerica Securities Inc. now owns 2,853 shares of the computer hardware maker’s stock valued at $381,000 after acquiring an additional 1,395 shares during the period. Truvestments Capital LLC bought a new position in shares of NVIDIA in the first quarter worth about $33,000. First Manhattan Co. grew its holdings in shares of NVIDIA by 217.6% in the first quarter. First Manhattan Co. now owns 1,407 shares of the computer hardware maker’s stock worth $252,000 after purchasing an additional 964 shares during the last quarter. Ropes Wealth Advisors LLC grew its holdings in shares of NVIDIA by 259.6% in the first quarter. Ropes Wealth Advisors LLC now owns 320 shares of the computer hardware maker’s stock worth $57,000 after purchasing an additional 231 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of NVIDIA in the first quarter worth about $206,000. 67.54% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Colette Kress sold 2,236 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $164.01, for a total value of $366,726.36. Following the sale, the chief financial officer now directly owns 239,710 shares in the company, valued at approximately $39,314,837.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were 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 owns 32,983 shares in the company, valued at $4,785,833.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,736 shares of company stock worth $15,293,726. 4.64% of the stock is owned by company insiders.

A number of research firms have recently commented on NVDA. Zacks Investment Research cut shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Summit Insights cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $158.57 price target on the stock. in a report on Friday, May 17th. Sanford C. Bernstein set a $150.00 price target on shares of NVIDIA and gave the stock a “hold” rating in a report on Wednesday, June 26th. Royal Bank of Canada cut their price target on shares of NVIDIA from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Morgan Stanley upped their price target on shares of NVIDIA from $148.00 to $170.00 and gave the stock an “equal weight” rating in a report on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-six have assigned a buy rating to the company. NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $194.07.

NVIDIA stock traded down $2.51 during midday trading on Thursday, hitting $147.56. 6,423,947 shares of the company’s stock were exchanged, compared to its average volume of 8,953,856. 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 12 month low of $124.46 and a 12 month high of $292.76. The business’s 50-day moving average price is $163.99. The firm has a market cap of $92.23 billion, a P/E ratio of 24.31, a PEG ratio of 3.88 and a beta of 2.07.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, May 16th. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the prior year, the business earned $2.05 EPS. The firm’s quarterly revenue was down 30.8% on a year-over-year basis. As a group, sell-side analysts expect that NVIDIA Co. will post 4.16 earnings per share for the current year.

NVIDIA Company 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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