Valeo Financial Advisors LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,606 shares of the computer hardware maker’s stock after acquiring an additional 163 shares during the quarter. Valeo Financial Advisors LLC’s holdings in NVIDIA were worth $2,025,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. State Street Corp boosted its stake in shares of NVIDIA by 1.4% during the 3rd quarter. State Street Corp now owns 24,646,826 shares of the computer hardware maker’s stock valued at $4,290,273,000 after buying an additional 336,468 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in NVIDIA by 10.6% in the third quarter. Parametric Portfolio Associates LLC now owns 1,432,147 shares of the computer hardware maker’s stock valued at $249,294,000 after acquiring an additional 137,807 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in NVIDIA by 45.3% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 1,306,554 shares of the computer hardware maker’s stock valued at $214,576,000 after acquiring an additional 407,354 shares during the last quarter. California Public Employees Retirement System boosted its stake in NVIDIA by 32.8% during the 3rd quarter. California Public Employees Retirement System now owns 1,152,154 shares of the computer hardware maker’s stock valued at $200,555,000 after acquiring an additional 284,263 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in NVIDIA by 1.6% during the 3rd quarter. Rhumbline Advisers now owns 1,113,251 shares of the computer hardware maker’s stock worth $193,784,000 after acquiring an additional 17,275 shares in the last quarter. 65.24% of the stock is owned by institutional investors.
In other news, Director Dawn E. Hudson sold 2,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $201.87, for a total value of $403,740.00. Following the completion of the transaction, the director now owns 33,037 shares of the company’s stock, valued at $6,669,179.19. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 6,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $248.13, for a total value of $1,488,780.00. Following the completion of the transaction, the chief financial officer now directly owns 165,288 shares of the company’s stock, valued at approximately $41,012,911.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,785 shares of company stock valued at $11,454,424. 4.64% of the stock is owned by insiders.
Shares of NVIDIA stock traded down $2.78 during trading on Friday, hitting $250.08. 8,208,969 shares of the stock were exchanged, compared to its average volume of 5,924,803. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.71 and a current ratio of 8.42. NVIDIA Co. has a 12 month low of $131.00 and a 12 month high of $253.59. The stock’s fifty day moving average is $235.46 and its 200 day moving average is $195.40. The stock has a market cap of $153.23 billion, a PE ratio of 63.96, a P/E/G ratio of 6.20 and a beta of 2.04.
NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, November 14th. The computer hardware maker reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.21. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.92 billion. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. NVIDIA’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted $1.84 EPS. Sell-side analysts anticipate that NVIDIA Co. will post 4.32 EPS for the current fiscal year.
NVDA has been the subject of several research analyst reports. Morgan Stanley raised shares of NVIDIA from an “equal” rating to an “equal weight” rating and boosted their target price for the stock from $217.00 to $259.00 in a research report on Monday, November 25th. Craig Hallum reiterated a “positive” rating and issued a $300.00 price target (up from $255.00) on shares of NVIDIA in a research note on Monday, January 13th. Cowen boosted their price objective on NVIDIA from $195.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Oppenheimer upped their price objective on NVIDIA from $190.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Barclays upped their price objective on NVIDIA from $170.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $228.86.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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