Edgestream Partners L.P. bought a new position in NVIDIA Corporation (NASDAQ:NVDA) during the first quarter, according to its most recent filing with the SEC. The fund bought 37,312 shares of the computer hardware maker’s stock, valued at approximately $4,064,000. NVIDIA Corporation accounts for 1.8% of Edgestream Partners L.P.’s portfolio, making the stock its 15th largest position.

Several other hedge funds have also recently added to or reduced their stakes in NVDA. Quadrant Capital Group LLC raised its position in shares of NVIDIA Corporation by 17.5% in the first quarter. Quadrant Capital Group LLC now owns 1,055 shares of the computer hardware maker’s stock valued at $105,000 after buying an additional 157 shares in the last quarter. Coconut Grove Bank raised its position in shares of NVIDIA Corporation by 683.9% in the first quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock valued at $132,000 after buying an additional 1,060 shares in the last quarter. TrimTabs Asset Management LLC raised its position in shares of NVIDIA Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,598 shares of the computer hardware maker’s stock valued at $174,000 after buying an additional 752 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of NVIDIA Corporation during the first quarter valued at approximately $182,000. Finally, Greenleaf Trust bought a new position in shares of NVIDIA Corporation during the first quarter valued at approximately $203,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Shares of NVIDIA Corporation (NVDA) opened at 172.35 on Tuesday. NVIDIA Corporation has a one year low of $57.31 and a one year high of $172.37. The company has a market capitalization of $102.55 billion, a P/E ratio of 57.85 and a beta of 1.24. The stock has a 50 day moving average price of $156.80 and a 200-day moving average price of $124.22.

NVIDIA Corporation (NASDAQ:NVDA) last announced its quarterly earnings data on Tuesday, May 9th. The computer hardware maker reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the company earned $0.46 EPS. The company’s quarterly revenue was up 48.7% on a year-over-year basis. Equities research analysts predict that NVIDIA Corporation will post $3.10 earnings per share for the current fiscal year.

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Several equities analysts have commented on the stock. UBS AG reiterated a “buy” rating and issued a $132.00 price target on shares of NVIDIA Corporation in a research note on Monday, April 10th. B. Riley reaffirmed a “buy” rating and set a $135.00 price target on shares of NVIDIA Corporation in a report on Monday, May 8th. Bank of America Corporation reissued a “buy” rating on shares of NVIDIA Corporation in a report on Monday. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $165.00 target price (up previously from $130.00) on shares of NVIDIA Corporation in a report on Monday, May 15th. Finally, BidaskClub raised NVIDIA Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $136.24.

In other NVIDIA Corporation news, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $150.29, for a total value of $15,029,000.00. Following the completion of the sale, the director now owns 30,762 shares in the company, valued at approximately $4,623,220.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Persis Drell sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $130.02, for a total value of $325,050.00. Following the completion of the sale, the director now owns 24,652 shares of the company’s stock, valued at approximately $3,205,253.04. The disclosure for this sale can be found here. Insiders sold a total of 622,282 shares of company stock valued at $93,304,082 in the last quarter. Corporate insiders own 5.17% of the company’s stock.

About NVIDIA Corporation

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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.

Institutional Ownership by Quarter for NVIDIA Corporation (NASDAQ:NVDA)

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