Regentatlantic Capital LLC Lowers Position in NVIDIA Co. (NVDA)

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Regentatlantic Capital LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,606 shares of the computer hardware maker’s stock after selling 166 shares during the period. Regentatlantic Capital LLC’s holdings in NVIDIA were worth $647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Bay Harbor Wealth Management LLC boosted its holdings in NVIDIA by 41.4% during the first quarter. Bay Harbor Wealth Management LLC now owns 205 shares of the computer hardware maker’s stock valued at $37,000 after purchasing an additional 60 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in NVIDIA by 0.5% during the first quarter. LS Investment Advisors LLC now owns 11,952 shares of the computer hardware maker’s stock valued at $2,146,000 after purchasing an additional 62 shares in the last quarter. Tradewinds Capital Management LLC boosted its holdings in NVIDIA by 19.8% during the first quarter. Tradewinds Capital Management LLC now owns 393 shares of the computer hardware maker’s stock valued at $71,000 after purchasing an additional 65 shares in the last quarter. Sky Investment Group LLC boosted its holdings in NVIDIA by 0.9% during the first quarter. Sky Investment Group LLC now owns 7,160 shares of the computer hardware maker’s stock valued at $1,286,000 after purchasing an additional 67 shares in the last quarter. Finally, Atlas Brown Inc. boosted its holdings in NVIDIA by 1.7% during the first quarter. Atlas Brown Inc. now owns 4,227 shares of the computer hardware maker’s stock valued at $759,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 70.03% of the company’s stock.

Shares of NVIDIA stock opened at $162.04 on Thursday. The firm has a market cap of $96.42 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 3.82 and a beta of 1.85. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $292.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.94 and a quick ratio of 6.76.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.53 by $0.27. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. NVIDIA had a net margin of 35.35% and a return on equity of 41.78%. The business’s revenue for the quarter was down 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 EPS. As a group, sell-side analysts forecast that NVIDIA Co. will post 4.46 EPS for the current year.

In related news, EVP Debora Shoquist sold 5,823 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $185.00, for a total value of $1,077,255.00. Following the completion of the sale, the executive vice president now owns 171,783 shares in the company, valued at approximately $31,779,855. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Colette Kress sold 14,092 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $183.33, for a total transaction of $2,583,486.36. The disclosure for this sale can be found here. Insiders have sold a total of 20,029 shares of company stock valued at $3,678,385 in the last quarter. Corporate insiders own 4.64% of the company’s stock.

NVDA has been the topic of several recent analyst reports. TheStreet raised NVIDIA from a “c+” rating to a “b-” rating in a report on Thursday, April 4th. BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Friday, April 5th. DZ Bank downgraded NVIDIA to a “sell” rating and set a $170.00 target price on the stock. in a report on Friday, April 12th. Nomura initiated coverage on NVIDIA in a report on Tuesday, April 2nd. They issued a “neutral” rating and a $147.00 target price on the stock. Finally, Zacks Investment Research raised NVIDIA from a “strong sell” rating to a “hold” rating in a report on Monday, April 1st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $200.51.

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NVIDIA Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in 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 artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which 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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