NVIDIA Co. (NVDA) Holdings Cut by Berman Capital Advisors LLC

Berman Capital Advisors LLC lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 82.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 382 shares of the computer hardware maker’s stock after selling 1,763 shares during the period. Berman Capital Advisors LLC’s holdings in NVIDIA were worth $50,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. TD Capital Management LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at about $27,000. Swedbank increased its holdings in shares of NVIDIA by 50.4% in the 4th quarter. Swedbank now owns 2,547,600 shares of the computer hardware maker’s stock valued at $340,487,000 after purchasing an additional 854,050 shares during the period. Girard Partners LTD. increased its holdings in shares of NVIDIA by 25.1% in the 4th quarter. Girard Partners LTD. now owns 2,300 shares of the computer hardware maker’s stock valued at $307,000 after purchasing an additional 461 shares during the period. River Wealth Advisors LLC increased its holdings in shares of NVIDIA by 7.4% in the 4th quarter. River Wealth Advisors LLC now owns 2,563 shares of the computer hardware maker’s stock valued at $342,000 after purchasing an additional 177 shares during the period. Finally, Man Group plc increased its holdings in shares of NVIDIA by 5.6% in the 3rd quarter. Man Group plc now owns 37,977 shares of the computer hardware maker’s stock valued at $10,673,000 after purchasing an additional 2,028 shares during the period. Hedge funds and other institutional investors own 68.72% of the company’s stock.

A number of equities analysts have recently weighed in on NVDA shares. BidaskClub downgraded NVIDIA from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. SunTrust Banks dropped their target price on NVIDIA to $237.00 and set a “buy” rating on the stock in a report on Friday, November 16th. Daiwa Capital Markets reiterated a “buy” rating on shares of NVIDIA in a report on Monday, November 19th. BNP Paribas downgraded NVIDIA from a “neutral” rating to an “underperform” rating in a report on Tuesday, November 20th. Finally, Cowen reiterated an “outperform” rating and issued a $195.00 target price (down previously from $215.00) on shares of NVIDIA in a report on Friday, February 15th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $210.62.

Shares of NVIDIA stock opened at $165.56 on Friday. The company has a market cap of $98.49 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 3.90 and a beta of 1.89. 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 Co. has a 12-month low of $124.46 and a 12-month high of $292.76.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.27. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The company’s revenue was down 24.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.72 earnings per share. As a group, equities analysts predict that NVIDIA Co. will post 4.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.39%. NVIDIA’s payout ratio is currently 10.54%.

In other NVIDIA news, EVP Debora Shoquist sold 6,345 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total transaction of $858,668.85. Following the completion of the sale, the executive vice president now owns 177,911 shares of the company’s stock, valued at $24,076,695.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.70% of the stock is owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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