Courier Capital LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 603 shares of the computer hardware maker’s stock, valued at approximately $351,000.
Other large investors also recently modified their holdings of the company. Royal Fund Management LLC grew its holdings in shares of NVIDIA by 6.4% in the 3rd quarter. Royal Fund Management LLC now owns 1,367 shares of the computer hardware maker’s stock valued at $739,000 after buying an additional 82 shares during the period. PFG Advisors lifted its stake in NVIDIA by 6.4% during the 3rd quarter. PFG Advisors now owns 3,514 shares of the computer hardware maker’s stock worth $1,963,000 after acquiring an additional 212 shares in the last quarter. Covenant Asset Management LLC lifted its stake in NVIDIA by 233.8% during the 2nd quarter. Covenant Asset Management LLC now owns 7,930 shares of the computer hardware maker’s stock worth $3,013,000 after acquiring an additional 5,554 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in NVIDIA by 3.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 317,927 shares of the computer hardware maker’s stock worth $172,068,000 after acquiring an additional 11,341 shares in the last quarter. Finally, Baldwin Brothers Inc. MA lifted its stake in NVIDIA by 5.7% during the 3rd quarter. Baldwin Brothers Inc. MA now owns 835 shares of the computer hardware maker’s stock worth $451,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 68.11% of the company’s stock.
In other NVIDIA news, CEO Jen Hsun Huang sold 49,999 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $550.51, for a total transaction of $27,524,949.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Debora Shoquist sold 35,340 shares of the company’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $549.04, for a total value of $19,403,073.60. Following the completion of the sale, the executive vice president now directly owns 116,068 shares of the company’s stock, valued at approximately $63,725,974.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 112,654 shares of company stock valued at $61,687,595. Insiders own 4.47% of the company’s stock.
Shares of NVDA stock opened at $541.77 on Tuesday. The stock has a fifty day moving average price of $539.93 and a 200 day moving average price of $443.31. The stock has a market cap of $333.56 billion, a PE ratio of 99.38, a P/E/G ratio of 3.97 and a beta of 1.59. NVIDIA Co. has a 1 year low of $180.68 and a 1 year high of $589.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 5.51 and a current ratio of 6.09.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 19th. The computer hardware maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.21. NVIDIA had a return on equity of 30.41% and a net margin of 25.93%. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. NVIDIA’s revenue was up 50.1% on a year-over-year basis. As a group, equities research analysts predict that NVIDIA Co. will post 6.93 earnings per share for the current year.
A number of equities research analysts have issued reports on NVDA shares. Benchmark raised NVIDIA to a “buy” rating and increased their price target for the company from $540.00 to $600.00 in a research report on Wednesday, September 2nd. Morgan Stanley increased their price target on NVIDIA from $380.00 to $507.00 and gave the company an “equal weight” rating in a research report on Thursday, August 20th. They noted that the move was a valuation call. Wedbush reaffirmed an “outperform” rating and issued a $600.00 price target (up previously from $525.00) on shares of NVIDIA in a research report on Friday, October 2nd. BidaskClub lowered NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 13th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $620.00 price target on shares of NVIDIA in a research report on Tuesday, September 15th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirty-one have given a buy rating to the company’s stock. NVIDIA currently has an average rating of “Buy” and an average target price of $520.86.
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 gaming; 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 EGX for accelerated AI computing at the edge.
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