NVIDIA Co. (NVDA) Holdings Increased by Private Advisor Group LLC

Private Advisor Group LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 100.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 37,860 shares of the computer hardware maker’s stock after acquiring an additional 18,934 shares during the period. Private Advisor Group LLC’s holdings in NVIDIA were worth $10,639,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Chicago Equity Partners LLC grew its stake in shares of NVIDIA by 1.1% in the 3rd quarter. Chicago Equity Partners LLC now owns 31,020 shares of the computer hardware maker’s stock worth $8,717,000 after purchasing an additional 350 shares during the last quarter. Morse Asset Management Inc grew its stake in shares of NVIDIA by 44.3% in the 3rd quarter. Morse Asset Management Inc now owns 5,729 shares of the computer hardware maker’s stock worth $1,610,000 after purchasing an additional 1,760 shares during the last quarter. Boston Family Office LLC grew its stake in shares of NVIDIA by 141.7% in the 3rd quarter. Boston Family Office LLC now owns 2,175 shares of the computer hardware maker’s stock worth $611,000 after purchasing an additional 1,275 shares during the last quarter. Synovus Financial Corp grew its stake in shares of NVIDIA by 11.6% in the 3rd quarter. Synovus Financial Corp now owns 7,663 shares of the computer hardware maker’s stock worth $2,157,000 after purchasing an additional 796 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of NVIDIA by 23.8% in the 3rd quarter. Parallel Advisors LLC now owns 8,908 shares of the computer hardware maker’s stock worth $2,503,000 after purchasing an additional 1,715 shares during the last quarter. Institutional investors own 65.71% of the company’s stock.

NASDAQ NVDA opened at $214.92 on Monday. The company has a quick ratio of 6.66, a current ratio of 7.41 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $130.67 billion, a price-to-earnings ratio of 46.02, a price-to-earnings-growth ratio of 2.82 and a beta of 2.01. NVIDIA Co. has a 12-month low of $176.01 and a 12-month high of $292.76.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 16th. The computer hardware maker reported $1.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.28. NVIDIA had a net margin of 36.21% and a return on equity of 54.18%. The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the previous year, the company earned $1.01 earnings per share. NVIDIA’s revenue for the quarter was up 40.0% on a year-over-year basis. As a group, analysts anticipate that NVIDIA Co. will post 7.15 EPS for the current fiscal year.

In other news, EVP Ajay K. Puri sold 90,831 shares of the business’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $289.35, for a total value of $26,281,949.85. Following the completion of the sale, the executive vice president now directly owns 184,001 shares in the company, valued at $53,240,689.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Byron sold 11,257 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $263.94, for a total transaction of $2,971,172.58. Following the completion of the sale, the insider now owns 81,414 shares of the company’s stock, valued at $21,488,411.16. The disclosure for this sale can be found here. Insiders sold 113,707 shares of company stock valued at $32,347,973 over the last 90 days. 4.70% of the stock is owned by corporate insiders.

NVDA has been the subject of several research reports. Needham & Company LLC raised their price target on shares of NVIDIA from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 14th. BidaskClub cut shares of NVIDIA from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 18th. Goldman Sachs Group raised their price target on shares of NVIDIA from $310.00 to $324.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Benchmark restated a “buy” rating and set a $310.00 price target (up from $280.00) on shares of NVIDIA in a report on Thursday, September 20th. Finally, Bank of America raised their price target on shares of NVIDIA from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, September 25th. Eleven research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. NVIDIA has a consensus rating of “Buy” and a consensus price target of $290.21.

NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates through 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 game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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