Nvidia (NVDA) Shares Bought by Jacobi Capital Management LLC

Posted May 11, 2018

NVIDIA Corporation (NVDA) stock is now trading 23.88% away from its average-price of 200 days while it maintained a distance of 9.16% from its 50 Days Moving Average and 10.77% compared with the 20 Day Moving Average. On Tuesday, May 8 the stock rating was maintained by Deutsche Bank with "Hold". The stock ended last trade at 6.99 a share and the price is up more than -10.27% so far this year. The stock had previously closed at $252.72. It worsened, as 59 investors sold NVDA shares while 301 reduced holdings. Stifel Nicolaus upped their target price on Nvidia from $184.00 to $220.00 and gave the stock a "hold" rating in a report on Friday, February 9th. Vetr upgraded shares of Nvidia from a "buy" rating to a "strong-buy" rating and set a $270.50 price objective on the stock in a report on Thursday, March 1st. The stock has "Buy" rating by Citigroup on Friday, February 9. The insider Shoquist Debora sold 32,049 shares worth $7.67 million. The stock was sold at an average price of $239.45, for a total value of $7,674,133.05. Following the transaction, the executive vice president now directly owns 201,796 shares of the company's stock, valued at $48,320,052.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. GAITHER JAMES C sold $9.91M worth of stock or 40,359 shares. The shares were sold at an average price of $227.93, for a total value of $3,944,784.51. The disclosure for this sale can be found here. In the last three months, insiders sold 94,959 shares of company stock valued at $22,692,182. Hedge funds and other institutional investors own 66.73% of the company's stock.

A number of large investors have recently bought and sold shares of the business. Clearbridge Investments LLC increased its holdings in Nvidia by 100.0% in the 4th quarter. Prudential Financial Inc. now owns 820,787 shares of the computer hardware maker's stock valued at $146,732,000 after purchasing an additional 4,223 shares in the last quarter. North Star Investment Management Corp. lifted its position in shares of Nvidia by 67.3% during the fourth quarter. New York State Common Retirement Fund boosted its position in shares of Nvidia by 1.5% during the first quarter. Earlier, the stock had closed at a record $260.13 in NY. Finally, Municipal Employees Retirement System of MI boosted its position in shares of Nvidia by 1.1% during the first quarter. First Citizens Bank & Trust Co. now owns 5,477 shares of the computer hardware maker's stock worth $1,060,000 after acquiring an additional 238 shares during the last quarter.

NVIDIA expects fiscal Q2 2019 dominance to continue, with hopes of $3.1 billion in revenue, or 1-2% either side of it, with 63.3% gross margin.

Nvidia (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, May 10th. The computer hardware maker reported $2.05 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.98 by $1.07, Bloomberg Earnings reports.

NVIDIA has had yet another record-setting quarter, with the GPU giant posting their fiscal Q1 2019 results with the company pulling in record revenues of $3.21 billion, representing a huge 66% increase compared to a year ago.

It wasn't just GeForce cards that saw a strong performance, either, with Nvidia's data center profits hitting $701 million (£520 million, AU$930 million), up 71% compared to the same quarter past year. During the same period in the prior year, the firm posted $1.13 EPS. For its part, Nvidia said it doubled sales of chips used by cloud companies for so-called deep learning.