Financial Architects Inc Lowers Stake in NVIDIA Co. (NVDA)

Financial Architects Inc reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 68.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,273 shares of the computer hardware maker’s stock after selling 7,143 shares during the period. Financial Architects Inc’s holdings in NVIDIA were worth $776,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Jennison Associates LLC raised its holdings in shares of NVIDIA by 18.8% during the second quarter. Jennison Associates LLC now owns 7,800,112 shares of the computer hardware maker’s stock worth $1,847,847,000 after purchasing an additional 1,234,191 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of NVIDIA by 97.4% during the first quarter. Prudential Financial Inc. now owns 1,711,921 shares of the computer hardware maker’s stock worth $396,464,000 after purchasing an additional 844,514 shares during the last quarter. Summit Trail Advisors LLC raised its holdings in shares of NVIDIA by 24,174.1% during the first quarter. Summit Trail Advisors LLC now owns 756,866 shares of the computer hardware maker’s stock worth $757,000 after purchasing an additional 753,748 shares during the last quarter. Schwab Charitable Fund purchased a new position in shares of NVIDIA during the second quarter worth $111,151,000. Finally, BlackRock Inc. raised its holdings in shares of NVIDIA by 1.2% during the first quarter. BlackRock Inc. now owns 38,108,394 shares of the computer hardware maker’s stock worth $8,825,523,000 after purchasing an additional 461,007 shares during the last quarter. Institutional investors and hedge funds own 65.00% of the company’s stock.

Several research analysts recently issued reports on the stock. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Friday. Goldman Sachs Group raised their target price on shares of NVIDIA from $310.00 to $324.00 and gave the stock a “buy” rating in a report on Tuesday. Zacks Investment Research cut shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. FBN Securities assumed coverage on shares of NVIDIA in a report on Tuesday, June 26th. They set an “outperform” rating and a $300.00 target price for the company. Finally, Benchmark assumed coverage on shares of NVIDIA in a report on Tuesday, June 26th. They set a “buy” rating and a $280.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $265.88.

NVIDIA opened at $256.46 on Friday, according to MarketBeat.com. NVIDIA Co. has a fifty-two week low of $152.91 and a fifty-two week high of $269.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.54 and a quick ratio of 7.82. The firm has a market capitalization of $154.20 billion, a price-to-earnings ratio of 54.92, a PEG ratio of 3.50 and a beta of 1.56.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, May 10th. The computer hardware maker reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.58. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $2.88 billion. NVIDIA had a net margin of 34.44% and a return on equity of 52.18%. The firm’s revenue for the quarter was up 65.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. equities analysts anticipate that NVIDIA Co. will post 7.08 EPS for the current year.

In other news, Director Harvey C. Jones sold 100,000 shares of the business’s stock in a transaction dated Tuesday, June 26th. The shares were sold at an average price of $242.11, for a total transaction of $24,211,000.00. Following the completion of the sale, the director now owns 31,725 shares of the company’s stock, valued at $7,680,939.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 889 shares of the business’s stock in a transaction dated Thursday, June 21st. The stock was sold at an average price of $257.64, for a total transaction of $229,041.96. The disclosure for this sale can be found here. Insiders have sold 308,308 shares of company stock valued at $77,491,336 in the last three months. Corporate insiders own 4.70% of the company’s stock.

About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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