GHP Investment Advisors Inc. raised its stake in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 94.5{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,616 shares of the computer hardware maker’s stock after purchasing an additional 785 shares during the period. GHP Investment Advisors Inc.’s holdings in NVIDIA were worth $196,000 at the end of the most recent quarter.
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Several other institutional investors and hedge funds have also modified their holdings of NVDA. Price T Rowe Associates Inc. MD grew its stake in shares of NVIDIA by 7.2{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} in the second quarter. Price T Rowe Associates Inc. MD now owns 56,929,819 shares of the computer hardware maker’s stock valued at $8,629,991,000 after acquiring an additional 3,813,087 shares in the last quarter. State Street Corp grew its stake in NVIDIA by 1.8{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the second quarter. State Street Corp now owns 97,842,783 shares of the computer hardware maker’s stock worth $14,835,689,000 after buying an additional 1,743,632 shares in the last quarter. Sands Capital Management LLC acquired a new stake in NVIDIA during the second quarter worth about $221,865,000. Van ECK Associates Corp grew its stake in NVIDIA by 23.3{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the third quarter. Van ECK Associates Corp now owns 5,818,035 shares of the computer hardware maker’s stock worth $706,252,000 after buying an additional 1,101,058 shares in the last quarter. Finally, Amundi grew its stake in NVIDIA by 11.0{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} during the second quarter. Amundi now owns 9,819,084 shares of the computer hardware maker’s stock worth $1,508,957,000 after buying an additional 976,365 shares in the last quarter. 61.80{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Stock Performance
Shares of NVDA stock opened at $213.88 on Friday. The company has a market cap of $532.56 billion, a price-to-earnings ratio of 91.01, a price-to-earnings-growth ratio of 5.98 and a beta of 1.79. NVIDIA Co. has a 52 week low of $108.13 and a 52 week high of $289.46. The company has a quick ratio of 2.74, a current ratio of 3.39 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $179.90 and a 200-day moving average of $159.32.
NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings data on Wednesday, November 16th. The computer hardware maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.10). NVIDIA had a return on equity of 30.75{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} and a net margin of 20.85{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9}. The company had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.82 billion. During the same period last year, the business earned $1.01 EPS. The business’s quarterly revenue was down 16.5{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} compared to the same quarter last year. On average, equities analysts forecast that NVIDIA Co. will post 2.19 earnings per share for the current year.
Insider Activity at NVIDIA
In related news, Director Mark A. Stevens sold 60,000 shares of NVIDIA stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $165.09, for a total value of $9,905,400.00. Following the completion of the sale, the director now owns 2,250,193 shares of the company’s stock, valued at approximately $371,484,362.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Mark A. Stevens sold 60,000 shares of NVIDIA stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $165.09, for a total value of $9,905,400.00. Following the completion of the sale, the director now owns 2,250,193 shares of the company’s stock, valued at approximately $371,484,362.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 2,494 shares of NVIDIA stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $167.89, for a total transaction of $418,717.66. Following the completion of the sale, the insider now directly owns 56,617 shares of the company’s stock, valued at approximately $9,505,428.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 262,060 shares of company stock valued at $43,817,257. 4.04{fa54600cdce496f94cc1399742656d2709d9747721dfc890536efdd06456dfb9} of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on NVDA shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of NVIDIA from $150.00 to $170.00 in a research note on Wednesday, December 14th. Summit Insights upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Wednesday, November 16th. Cowen increased their price objective on shares of NVIDIA from $200.00 to $220.00 in a research note on Monday, December 12th. Susquehanna increased their target price on shares of NVIDIA from $185.00 to $265.00 in a report on Thursday. Finally, HSBC assumed coverage on shares of NVIDIA in a report on Thursday, December 15th. They issued a “reduce” rating and a $136.00 target price for the company. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $212.72.
About NVIDIA
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, 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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