Highbridge Capital Management LLC Has $6.09 Million Holdings in NVIDIA Co. (NVDA)

Highbridge Capital Management LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 933.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 21,669 shares of the computer hardware maker’s stock after purchasing an additional 19,573 shares during the period. Highbridge Capital Management LLC’s holdings in NVIDIA were worth $6,089,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Alps Advisors Inc. lifted its stake in NVIDIA by 23.0% in the second quarter. Alps Advisors Inc. now owns 5,960 shares of the computer hardware maker’s stock valued at $1,153,000 after buying an additional 1,113 shares during the period. Bainco International Investors lifted its stake in NVIDIA by 1.0% in the second quarter. Bainco International Investors now owns 23,650 shares of the computer hardware maker’s stock valued at $5,603,000 after buying an additional 223 shares during the period. First Manhattan Co. lifted its stake in NVIDIA by 76.3% in the second quarter. First Manhattan Co. now owns 693 shares of the computer hardware maker’s stock valued at $164,000 after buying an additional 300 shares during the period. Smith Asset Management Group LP lifted its stake in NVIDIA by 28.9% in the second quarter. Smith Asset Management Group LP now owns 43,893 shares of the computer hardware maker’s stock valued at $10,398,000 after buying an additional 9,830 shares during the period. Finally, Silicon Valley Capital Partners acquired a new position in NVIDIA in the second quarter valued at approximately $397,000. 67.56% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on the company. BidaskClub lowered NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 18th. Stifel Nicolaus reissued a “hold” rating and issued a $250.00 price target (up from $243.00) on shares of NVIDIA in a research note on Friday, August 17th. ValuEngine lowered NVIDIA from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. Raymond James dropped their price target on NVIDIA from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, November 16th. Finally, Oppenheimer raised NVIDIA from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research report on Friday, August 17th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $257.76.

Shares of NVIDIA stock opened at $157.11 on Thursday. NVIDIA Co. has a 12-month low of $133.31 and a 12-month high of $292.76. The firm has a market cap of $95.84 billion, a P/E ratio of 33.64, a P/E/G ratio of 2.28 and a beta of 1.97. The company has a quick ratio of 6.20, a current ratio of 7.08 and a debt-to-equity ratio of 0.21.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.06). NVIDIA had a return on equity of 51.60% and a net margin of 37.78%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.24 billion. On average, equities analysts anticipate that NVIDIA Co. will post 6.45 EPS for the current year.

In other NVIDIA news, CFO Colette Kress sold 11,576 shares of the company’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $266.31, for a total value of $3,082,804.56. Following the completion of the transaction, the chief financial officer now owns 297,482 shares in the company, valued at approximately $79,222,431.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 90,831 shares of the company’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 transaction, the executive vice president now owns 184,001 shares of the company’s stock, valued at approximately $53,240,689.35. The disclosure for this sale can be found here. Insiders have sold 113,664 shares of company stock valued at $32,335,927 in the last quarter. 4.70% of the stock is currently owned by corporate insiders.

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NVIDIA 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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