National Pension Service Acquires 39,509 Shares of NVIDIA Corporation (NVDA)

National Pension Service grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 501,626 shares of the computer hardware maker’s stock after buying an additional 39,509 shares during the quarter. National Pension Service owned 0.08% of NVIDIA worth $97,065,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of NVIDIA by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 40,257,187 shares of the computer hardware maker’s stock worth $5,819,579,000 after purchasing an additional 2,676,976 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of NVIDIA by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,758,793 shares of the computer hardware maker’s stock worth $687,931,000 after purchasing an additional 768,200 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of NVIDIA by 5,424.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,096,888 shares of the computer hardware maker’s stock worth $592,244,000 after purchasing an additional 4,022,728 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of NVIDIA by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,052,628 shares of the computer hardware maker’s stock worth $585,894,000 after purchasing an additional 46,686 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of NVIDIA by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 2,867,090 shares of the computer hardware maker’s stock worth $512,549,000 after purchasing an additional 78,943 shares during the last quarter. Institutional investors own 63.40% of the company’s stock.

In other news, CFO Colette Kress sold 171 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dawn E. Hudson sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $213.44, for a total transaction of $3,201,600.00. Following the transaction, the director now directly owns 46,868 shares of the company’s stock, valued at $10,003,505.92. The disclosure for this sale can be found here. Insiders have sold a total of 19,858 shares of company stock valued at $4,227,384 over the last ninety days. Company insiders own 5.17% of the company’s stock.

NVIDIA Corporation (NVDA) opened at $220.11 on Wednesday. The firm has a market cap of $133,390.00, a P/E ratio of 55.03, a PEG ratio of 5.19 and a beta of 1.18. NVIDIA Corporation has a 52 week low of $95.17 and a 52 week high of $227.51. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.42 and a current ratio of 8.26.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, November 9th. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.39. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. equities research analysts predict that NVIDIA Corporation will post 4.19 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Mizuho reaffirmed a “buy” rating and issued a $240.00 target price (up previously from $225.00) on shares of NVIDIA in a report on Tuesday. BidaskClub raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. Citigroup reaffirmed a “buy” rating and issued a $210.00 target price (up previously from $185.00) on shares of NVIDIA in a report on Friday, September 29th. B. Riley reissued a “buy” rating and set a $270.00 price objective on shares of NVIDIA in a report on Monday, January 8th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of NVIDIA in a report on Saturday, September 23rd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $192.45.

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About NVIDIA

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at 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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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