Boyer & Corporon Wealth Management LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 22.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,796 shares of the computer hardware maker’s stock after selling 10,471 shares during the quarter. NVIDIA Corporation accounts for approximately 2.3% of Boyer & Corporon Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Boyer & Corporon Wealth Management LLC’s holdings in NVIDIA Corporation were worth $5,175,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. TB Alternative Assets Ltd. purchased a new stake in NVIDIA Corporation during the 2nd quarter worth about $116,000. Proficio Capital Partners LLC increased its position in NVIDIA Corporation by 186.1% during the 1st quarter. Proficio Capital Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $117,000 after purchasing an additional 547 shares in the last quarter. Hanson McClain Inc. increased its position in NVIDIA Corporation by 12.7% during the 2nd quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock worth $127,000 after purchasing an additional 99 shares in the last quarter. Coconut Grove Bank increased its position in NVIDIA Corporation by 683.9% during the 1st quarter. Coconut Grove Bank now owns 1,215 shares of the computer hardware maker’s stock worth $132,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Founders Capital Management increased its position in NVIDIA Corporation by 25.0% during the 2nd quarter. Founders Capital Management now owns 1,000 shares of the computer hardware maker’s stock worth $145,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 65.85% of the company’s stock.

A number of analysts recently commented on the company. Vetr cut NVIDIA Corporation from a “buy” rating to a “hold” rating and set a $172.54 price objective for the company. in a research report on Thursday. Credit Suisse Group reiterated an “outperform” rating on shares of NVIDIA Corporation in a research report on Thursday. Royal Bank Of Canada reiterated an “outperform” rating on shares of NVIDIA Corporation in a research report on Thursday, August 24th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA Corporation in a research report on Thursday, August 24th. Finally, Loop Capital reiterated a “buy” rating and set a $181.00 price objective on shares of NVIDIA Corporation in a research report on Tuesday, August 22nd. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. NVIDIA Corporation currently has an average rating of “Hold” and an average target price of $144.98.

In other news, Director Harvey C. Jones sold 100,000 shares of the 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 transaction, the director now directly owns 30,762 shares of the company’s stock, valued at approximately $4,623,220.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tench Coxe sold 50,000 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $164.53, for a total value of $8,226,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 411,801 shares of company stock valued at $64,525,721. 5.17% of the stock is currently owned by insiders.

Shares of NVIDIA Corporation (NASDAQ:NVDA) traded up 0.60% on Monday, reaching $170.46. The company had a trading volume of 11,135,787 shares. The firm has a market capitalization of $102.28 billion, a PE ratio of 49.03 and a beta of 1.25. NVIDIA Corporation has a 12 month low of $57.31 and a 12 month high of $174.56. The company’s 50-day moving average is $165.46 and its 200 day moving average is $132.97.

NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a return on equity of 39.59% and a net margin of 27.41%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the firm posted $0.53 EPS. NVIDIA Corporation’s quarterly revenue was up 56.2% compared to the same quarter last year. Equities analysts forecast that NVIDIA Corporation will post $3.60 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 24th will be issued a $0.14 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.33%. NVIDIA Corporation’s payout ratio is presently 15.86%.

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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.

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

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