NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its position in NVIDIA Co. (NASDAQ:NVDA) by 154.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,304 shares of the computer hardware maker’s stock after purchasing an additional 2,006 shares during the quarter. Venturi Wealth Management LLC’s holdings in NVIDIA were worth $1,255,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Covenant Asset Management LLC boosted its holdings in NVIDIA by 233.8% in the 2nd quarter. Covenant Asset Management LLC now owns 7,930 shares of the computer hardware maker’s stock valued at $3,013,000 after purchasing an additional 5,554 shares during the last quarter. Ayalon Holdings Ltd. boosted its holdings in NVIDIA by 5.0% in the 2nd quarter. Ayalon Holdings Ltd. now owns 5,269 shares of the computer hardware maker’s stock valued at $2,009,000 after purchasing an additional 251 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in NVIDIA by 24.3% in the 1st quarter. IHT Wealth Management LLC now owns 10,003 shares of the computer hardware maker’s stock valued at $2,637,000 after purchasing an additional 1,958 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in NVIDIA by 3.1% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 12,541 shares of the computer hardware maker’s stock valued at $3,306,000 after purchasing an additional 373 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. acquired a new position in NVIDIA in the 2nd quarter valued at about $127,000. Institutional investors own 68.80% of the company’s stock.

Several equities analysts have recently commented on the stock. Cowen upped their price objective on shares of NVIDIA from $410.00 to $475.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Benchmark upped their price objective on shares of NVIDIA from $320.00 to $410.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Rosenblatt Securities upped their price objective on shares of NVIDIA from $400.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Nomura Instinet upped their price objective on shares of NVIDIA from $230.00 to $260.00 and gave the stock a “reduce” rating in a report on Friday, May 22nd. Finally, Wells Fargo & Co upped their price objective on shares of NVIDIA from $360.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-three have issued a buy rating to the stock. NVIDIA presently has a consensus rating of “Buy” and an average target price of $376.26.

In related news, EVP Ajay K. Puri sold 6,452 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $416.36, for a total transaction of $2,686,354.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay K. Puri sold 12,692 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $405.60, for a total transaction of $5,147,875.20. Following the completion of the sale, the executive vice president now owns 61,983 shares of the company’s stock, valued at approximately $25,140,304.80. The disclosure for this sale can be found here. Insiders sold a total of 263,430 shares of company stock worth $98,818,407 over the last ninety days. Insiders own 4.47% of the company’s stock.

Shares of NASDAQ NVDA traded up $23.61 during mid-day trading on Wednesday, reaching $457.61. The company had a trading volume of 11,607,343 shares, compared to its average volume of 12,616,275. 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 firm has a 50 day simple moving average of $406.48 and a two-hundred day simple moving average of $317.86. The stock has a market cap of $281.43 billion, a P/E ratio of 85.53, a PEG ratio of 4.04 and a beta of 1.35. NVIDIA Co. has a 52-week low of $147.39 and a 52-week high of $460.19.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, May 21st. The computer hardware maker reported $1.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.44. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3 billion. NVIDIA had a net margin of 28.17% and a return on equity of 28.59%. The company’s revenue was up 38.7% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. On average, equities analysts expect that NVIDIA Co. will post 6.57 EPS for the current year.

About NVIDIA

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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