Bp Plc decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,700 shares of the computer hardware maker’s stock after selling 3,800 shares during the quarter. Bp Plc’s holdings in NVIDIA were worth $20,156,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Kwmg LLC bought a new stake in shares of NVIDIA during the second quarter worth $105,000. Legacy Financial Advisors Inc. raised its position in shares of NVIDIA by 111.0% during the second quarter. Legacy Financial Advisors Inc. now owns 443 shares of the computer hardware maker’s stock worth $110,000 after acquiring an additional 233 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of NVIDIA during the third quarter worth $124,000. Almanack Investment Partners LLC. bought a new stake in shares of NVIDIA during the second quarter worth $127,000. Finally, Ropes Wealth Advisors LLC raised its position in shares of NVIDIA by 561.8% during the second quarter. Ropes Wealth Advisors LLC now owns 589 shares of the computer hardware maker’s stock worth $140,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.
In other NVIDIA news, EVP Ajay K. Puri sold 90,831 shares of the business’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $289.35, for a total value of $26,281,949.85. Following the completion of the transaction, the executive vice president now directly owns 184,001 shares of the company’s stock, valued at $53,240,689.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Byron sold 11,257 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $263.94, for a total value of $2,971,172.58. Following the completion of the transaction, the insider now directly owns 81,414 shares of the company’s stock, valued at $21,488,411.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,707 shares of company stock valued at $32,347,973. Insiders own 4.70% of the company’s stock.
NASDAQ:NVDA opened at $211.06 on Wednesday. NVIDIA Co. has a 1 year low of $176.01 and a 1 year high of $292.76. 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 stock has a market capitalization of $130.67 billion, a price-to-earnings ratio of 45.19, a price-to-earnings-growth ratio of 2.82 and a beta of 2.01.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, August 16th. The computer hardware maker reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.28. NVIDIA had a return on equity of 54.18% and a net margin of 36.21%. The firm 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 firm earned $1.01 earnings per share. The company’s revenue was up 40.0% on a year-over-year basis. As a group, equities research analysts anticipate that NVIDIA Co. will post 7.15 earnings per share for the current year.
A number of equities research analysts have recently weighed in on NVDA shares. Goldman Sachs Group upgraded NVIDIA from a “buy” rating to a “conviction-buy” rating and dropped their target price for the stock from $324.00 to $305.00 in a research report on Thursday, October 18th. Evercore ISI boosted their target price on NVIDIA from $300.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, September 28th. Tigress Financial restated a “buy” rating on shares of NVIDIA in a research report on Friday, October 5th. Needham & Company LLC boosted their target price on NVIDIA from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 14th. Finally, UBS Group raised NVIDIA from a “market perform” rating to an “outperform” rating in a research note on Friday, August 17th. Eleven investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $290.21.
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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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