Welch Group LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,803 shares of the computer hardware maker’s stock after acquiring an additional 238 shares during the quarter. Welch Group LLC’s holdings in NVIDIA were worth $662,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Griffin Asset Management Inc. boosted its holdings in shares of NVIDIA by 8.0% during the 3rd quarter. Griffin Asset Management Inc. now owns 4,826 shares of the computer hardware maker’s stock valued at $840,000 after acquiring an additional 356 shares in the last quarter. Greystone Managed Investments Inc. boosted its holdings in shares of NVIDIA by 48.9% during the 3rd quarter. Greystone Managed Investments Inc. now owns 35,592 shares of the computer hardware maker’s stock valued at $6,195,000 after acquiring an additional 11,694 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of NVIDIA during the 3rd quarter valued at $522,000. Cookson Peirce & Co. Inc. lifted its holdings in NVIDIA by 33.3% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 4,420 shares of the computer hardware maker’s stock worth $769,000 after buying an additional 1,105 shares during the period. Finally, Frisch Financial Group Inc. lifted its holdings in NVIDIA by 31.4% during the 3rd quarter. Frisch Financial Group Inc. now owns 2,103 shares of the computer hardware maker’s stock worth $366,000 after buying an additional 503 shares during the period. 64.45% of the stock is currently owned by institutional investors.
In related news, Director Persis Drell sold 2,500 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $167.36, for a total value of $418,400.00. Following the completion of the sale, the director now directly owns 18,184 shares of the company’s stock, valued at approximately $3,043,274.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Gaither sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.37, for a total value of $1,823,700.00. Following the completion of the sale, the director now directly owns 4,279 shares of the company’s stock, valued at $780,361.23. The disclosure for this sale can be found here. Insiders sold a total of 66,383 shares of company stock valued at $11,625,217 over the last ninety days. 4.64% of the stock is currently owned by corporate insiders.
Several research analysts have commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $180.00 target price on shares of NVIDIA in a report on Friday, August 16th. Susquehanna Bancshares set a $190.00 target price on NVIDIA and gave the stock a “buy” rating in a report on Friday, August 16th. Nomura reaffirmed a “hold” rating on shares of NVIDIA in a report on Friday, August 23rd. Piper Jaffray Companies set a $200.00 target price on NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada lifted their target price on NVIDIA from $217.00 to $251.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $189.94.
Shares of NVDA stock traded up $0.40 during mid-day trading on Monday, hitting $208.18. The company’s stock had a trading volume of 6,087,703 shares, compared to its average volume of 11,855,418. The company’s fifty day simple moving average is $190.87 and its 200-day simple moving average is $169.99. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $211.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 7.74 and a current ratio of 8.65. The company has a market cap of $127.65 billion, a PE ratio of 34.30, a P/E/G ratio of 5.39 and a beta of 2.06.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.37. NVIDIA had a return on equity of 24.40% and a net margin of 26.93%. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $1.94 EPS. The business’s quarterly revenue was down 17.4% on a year-over-year basis. On average, equities analysts anticipate that NVIDIA Co. will post 4.07 earnings per share for the current year.
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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