USA Financial Portformulas Corp cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 36.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,941 shares of the computer hardware maker’s stock after selling 15,266 shares during the period. NVIDIA Corporation comprises approximately 1.1% of USA Financial Portformulas Corp’s portfolio, making the stock its 14th largest position. USA Financial Portformulas Corp’s holdings in NVIDIA Corporation were worth $4,816,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Thompson Davis & CO. Inc. grew its position in NVIDIA Corporation by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock worth $119,000 after acquiring an additional 6 shares in the last quarter. Family Firm Inc. grew its position in NVIDIA Corporation by 0.7% in the second quarter. Family Firm Inc. now owns 1,968 shares of the computer hardware maker’s stock worth $284,000 after acquiring an additional 13 shares in the last quarter. Appleton Partners Inc. MA grew its position in NVIDIA Corporation by 1.2% in the second quarter. Appleton Partners Inc. MA now owns 2,570 shares of the computer hardware maker’s stock worth $372,000 after acquiring an additional 30 shares in the last quarter. Carnegie Capital Asset Management LLC grew its position in NVIDIA Corporation by 0.4% in the second quarter. Carnegie Capital Asset Management LLC now owns 7,371 shares of the computer hardware maker’s stock worth $1,212,000 after acquiring an additional 30 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its position in NVIDIA Corporation by 1.8% in the second quarter. Pinebridge Investments L.P. now owns 1,872 shares of the computer hardware maker’s stock worth $271,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 65.59% of the company’s stock.

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Several research analysts recently issued reports on NVDA shares. Jefferies Group LLC upgraded shares of NVIDIA Corporation to a “buy” rating in a research report on Tuesday, July 11th. Needham & Company LLC restated a “buy” rating and set a $200.00 price target (up from $130.00) on shares of NVIDIA Corporation in a research report on Monday, July 10th. SunTrust Banks, Inc. upgraded shares of NVIDIA Corporation from a “hold” rating to a “buy” rating and upped their price target for the company from $155.88 to $177.00 in a research report on Wednesday, July 12th. Vetr lowered shares of NVIDIA Corporation from a “strong-buy” rating to a “buy” rating and set a $174.02 price target for the company. in a research report on Tuesday, July 11th. Finally, BidaskClub upgraded shares of NVIDIA Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. NVIDIA Corporation presently has an average rating of “Hold” and an average target price of $164.69.

Shares of NVIDIA Corporation (NASDAQ NVDA) traded up $0.94 during trading on Tuesday, hitting $209.63. 9,693,716 shares of the stock traded hands, compared to its average volume of 13,250,000. The stock has a market cap of $126,680.00, a PE ratio of 58.62, a PEG ratio of 5.16 and a beta of 1.23. NVIDIA Corporation has a 1-year low of $66.76 and a 1-year high of $212.90. The company has a quick ratio of 6.99, a current ratio of 7.82 and a debt-to-equity ratio of 0.33.

NVIDIA Corporation (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.32. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.96 billion. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The company’s revenue was up 56.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 EPS. equities research analysts expect that NVIDIA Corporation will post 3.61 EPS for the current fiscal year.

In other news, Director Mark L. Perry sold 16,281 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $162.24, for a total transaction of $2,641,429.44. Following the sale, the director now directly owns 48,069 shares in the company, valued at approximately $7,798,714.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Byron sold 409 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $171.01, for a total transaction of $69,943.09. Following the sale, the insider now owns 136,199 shares in the company, valued at $23,291,390.99. The disclosure for this sale can be found here. Insiders have sold a total of 452,784 shares of company stock worth $81,437,724 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.

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

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