Oregon Public Employees Retirement Fund reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,760 shares of the computer hardware maker’s stock after selling 1,489 shares during the quarter. NVIDIA comprises approximately 1.5% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 7th largest holding. Oregon Public Employees Retirement Fund’s holdings in NVIDIA were worth $113,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently made changes to their positions in the company. PrairieView Partners LLC acquired a new stake in NVIDIA during the 4th quarter worth $26,000. NewSquare Capital LLC acquired a new stake in NVIDIA during the 3rd quarter worth $32,000. Cedar Mountain Advisors LLC acquired a new stake in NVIDIA during the 4th quarter worth $34,000. CVA Family Office LLC acquired a new stake in NVIDIA during the 3rd quarter worth $40,000. Finally, Your Advocates Ltd. LLP acquired a new stake in NVIDIA during the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 65.70% of the company’s stock.
Shares of NASDAQ NVDA traded down $17.23 on Tuesday, hitting $557.00. The company’s stock had a trading volume of 212,430 shares, compared to its average volume of 7,845,163. NVIDIA Co. has a 12-month low of $180.68 and a 12-month high of $614.90. The company has a market capitalization of $344.78 billion, a price-to-earnings ratio of 92.14, a price-to-earnings-growth ratio of 3.87 and a beta of 1.45. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.92 and a quick ratio of 3.52. The stock has a 50 day moving average of $550.24 and a 200-day moving average of $528.47.
A number of research analysts have commented on NVDA shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NVIDIA from $515.00 to $550.00 and gave the company a “hold” rating in a research note on Monday. UBS Group lifted their price objective on shares of NVIDIA from $625.00 to $650.00 and gave the company a “buy” rating in a research note on Thursday, November 19th. Barclays lifted their price objective on shares of NVIDIA from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, January 26th. They noted that the move was a valuation call. Truist lifted their price objective on shares of NVIDIA from $643.00 to $672.00 in a research note on Friday, January 15th. Finally, Susquehanna Bancshares lifted their price objective on shares of NVIDIA from $625.00 to $700.00 and gave the company a “positive” rating in a research note on Monday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $566.49.
In other NVIDIA news, Director A Brooke Seawell sold 356 shares of the company’s stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $540.52, for a total value of $192,425.12. Following the sale, the director now owns 356 shares of the company’s stock, valued at $192,425.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress acquired 200 shares of the business’s stock in a transaction dated Thursday, December 3rd. The stock was purchased at an average cost of $536.95 per share, with a total value of $107,390.00. The disclosure for this purchase can be found here. Insiders sold 4,824 shares of company stock worth $2,587,435 in the last ninety days. Insiders own 4.47% of the company’s stock.
NVIDIA Company Profile
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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