Nepsis Inc. lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 21,519 shares of the computer hardware maker’s stock after selling 4,076 shares during the quarter. NVIDIA makes up about 2.5% of Nepsis Inc.’s investment portfolio, making the stock its 22nd biggest position. Nepsis Inc.’s holdings in NVIDIA were worth $5,098,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its position in NVIDIA by 1.2% in the 1st quarter. BlackRock Inc. now owns 38,108,394 shares of the computer hardware maker’s stock valued at $8,825,523,000 after purchasing an additional 461,007 shares during the last quarter. Jennison Associates LLC raised its position in NVIDIA by 18.8% in the 2nd quarter. Jennison Associates LLC now owns 7,800,112 shares of the computer hardware maker’s stock valued at $1,847,847,000 after purchasing an additional 1,234,191 shares during the last quarter. Edgewood Management LLC raised its position in NVIDIA by 3.4% in the 1st quarter. Edgewood Management LLC now owns 4,897,695 shares of the computer hardware maker’s stock valued at $1,134,257,000 after purchasing an additional 161,896 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in NVIDIA by 4.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,624,015 shares of the computer hardware maker’s stock valued at $858,530,000 after purchasing an additional 161,966 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in NVIDIA by 12.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,303,284 shares of the computer hardware maker’s stock valued at $545,648,000 after purchasing an additional 259,300 shares during the last quarter. Hedge funds and other institutional investors own 65.33% of the company’s stock.

NVDA has been the subject of a number of analyst reports. Rosenblatt Securities upped their price objective on shares of NVIDIA from $300.00 to $315.00 in a research report on Friday, May 11th. B. Riley upped their price objective on shares of NVIDIA from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, May 11th. Bank of America restated a “buy” rating and set a $340.00 price objective on shares of NVIDIA in a research report on Friday, May 11th. SunTrust Banks upped their price objective on shares of NVIDIA to $316.00 and gave the stock a “buy” rating in a research report on Friday, May 11th. Finally, Citigroup upped their price objective on shares of NVIDIA from $300.00 to $380.00 and gave the stock a “buy” rating in a research report on Friday, May 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. NVIDIA presently has a consensus rating of “Buy” and an average price target of $273.91.

In related news, Director James C. Gaither sold 45,000 shares of the stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $253.59, for a total value of $11,411,550.00. Following the sale, the director now directly owns 9,234 shares of the company’s stock, valued at approximately $2,341,650.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Harvey C. Jones sold 100,000 shares of the 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 directly owns 31,725 shares in the company, valued at $7,680,939.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 308,308 shares of company stock worth $77,491,336. Corporate insiders own 4.70% of the company’s stock.

NVIDIA opened at $254.79 on Monday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.26, a quick ratio of 7.82 and a current ratio of 8.54. NVIDIA Co. has a fifty-two week low of $152.91 and a fifty-two week high of $269.20. The firm has a market cap of $154.66 billion, a PE ratio of 54.56, a P/E/G ratio of 3.51 and a beta of 1.56.

NVIDIA Company Profile

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.

See Also: Stock Symbols and CUSIP Explained

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.