Everett Harris & Co. CA lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 758 shares of the computer hardware maker’s stock after selling 25 shares during the quarter. Everett Harris & Co. CA’s holdings in NVIDIA were worth $288,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Accurate Investment Solutions Inc. lifted its position in NVIDIA by 111.1% in the first quarter. Accurate Investment Solutions Inc. now owns 95 shares of the computer hardware maker’s stock worth $25,000 after purchasing an additional 50 shares during the period. PrairieView Partners LLC bought a new position in shares of NVIDIA during the 1st quarter worth about $26,000. Horan Securities Inc. acquired a new stake in shares of NVIDIA during the 1st quarter valued at about $33,000. AlphaCore Capital LLC bought a new stake in NVIDIA in the first quarter valued at about $40,000. Finally, Ellevest Inc. raised its position in NVIDIA by 256.7% in the second quarter. Ellevest Inc. now owns 107 shares of the computer hardware maker’s stock worth $41,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 68.80% of the company’s stock.

A number of research analysts have issued reports on the company. Nomura lifted their price objective on NVIDIA from $230.00 to $260.00 and gave the company a “reduce” rating in a report on Friday, May 22nd. Rosenblatt Securities lifted their price target on shares of NVIDIA from $400.00 to $500.00 and gave the company a “buy” rating in a report on Friday, July 10th. Zacks Investment Research raised shares of NVIDIA from a “hold” rating to a “buy” rating and set a $366.00 price objective on the stock in a research note on Wednesday, May 27th. Barclays lifted their target price on shares of NVIDIA from $390.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Finally, Deutsche Bank boosted their target price on NVIDIA from $300.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, May 18th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $368.89.

In related news, EVP Ajay K. Puri sold 1,078 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $364.97, for a total transaction of $393,437.66. Following the sale, the executive vice president now owns 68,046 shares of the company’s stock, valued at approximately $24,834,748.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 13,349 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $360.26, for a total value of $4,809,110.74. Following the completion of the transaction, the executive vice president now owns 68,046 shares of the company’s stock, valued at approximately $24,514,251.96. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 24 shares of company stock valued at $7,836 and sold 263,430 shares valued at $98,818,407. 4.47% of the stock is currently owned by insiders.

Shares of NASDAQ NVDA opened at $424.59 on Friday. The company has a current ratio of 10.29, a quick ratio of 9.70 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $391.19 and a two-hundred day simple moving average of $308.27. NVIDIA Co. has a 1-year low of $147.39 and a 1-year high of $431.69. The firm has a market cap of $261.10 billion, a price-to-earnings ratio of 79.36, a price-to-earnings-growth ratio of 3.83 and a beta of 1.35.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.44. NVIDIA had a return on equity of 28.59% and a net margin of 28.17%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The firm’s quarterly revenue was up 38.7% compared to the same quarter last year. Analysts forecast that NVIDIA Co. will post 6.57 EPS 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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