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Moody Aldrich Partners cut its NVIDIA stake, but the company reported strong earnings and has a "Moderate Buy" rating.
Moody Aldrich Partners LLC reduced its stake in NVIDIA by 17.0%, selling 1,107 shares to own 5,397 shares valued at $725,000.
Despite this, several other institutional investors increased their holdings, including Legal & General Group Plc and Ameriprise Financial Inc. NVIDIA reported a strong quarter with earnings of $0.81 per share, topping the consensus estimate of $0.69, and revenue of $35.08 billion.
Analysts have a "Moderate Buy" consensus rating with a price target of $168.21.
The company's market cap is $3.29 trillion.
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Moody Aldrich Partners cortó su participación en NVIDIA, pero la compañía reportó fuertes ganancias y tiene una calificación de "Compra Moderada".