Brown Advisory Inc. Boosts Position in NVIDIA Co. (NVDA)

Brown Advisory Inc. boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 28.6% in the third quarter, Holdings Channel reports. The fund owned 10,868 shares of the computer hardware maker’s stock after purchasing an additional 2,419 shares during the quarter. Brown Advisory Inc.’s holdings in NVIDIA were worth $3,053,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NVDA. Holderness Investments Co. increased its position in NVIDIA by 3.2% in the second quarter. Holderness Investments Co. now owns 6,481 shares of the computer hardware maker’s stock worth $1,535,000 after buying an additional 200 shares in the last quarter. Grimes & Company Inc. boosted its stake in shares of NVIDIA by 9.0% in the second quarter. Grimes & Company Inc. now owns 2,480 shares of the computer hardware maker’s stock worth $588,000 after acquiring an additional 205 shares during the period. Charter Trust Co. boosted its stake in shares of NVIDIA by 4.9% in the second quarter. Charter Trust Co. now owns 4,471 shares of the computer hardware maker’s stock worth $1,059,000 after acquiring an additional 207 shares during the period. Security National Bank boosted its stake in shares of NVIDIA by 0.9% in the third quarter. Security National Bank now owns 25,118 shares of the computer hardware maker’s stock worth $7,059,000 after acquiring an additional 212 shares during the period. Finally, Pittenger & Anderson Inc. boosted its stake in shares of NVIDIA by 27.7% in the third quarter. Pittenger & Anderson Inc. now owns 990 shares of the computer hardware maker’s stock worth $278,000 after acquiring an additional 215 shares during the period. Institutional investors own 67.56% of the company’s stock.

A number of equities analysts have recently weighed in on the company. BidaskClub raised NVIDIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 25th. Benchmark reaffirmed a “buy” rating and issued a $310.00 price objective (up previously from $280.00) on shares of NVIDIA in a research note on Thursday, September 20th. Needham & Company LLC upped their price objective on NVIDIA from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 14th. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research note on Friday, October 5th. Finally, Evercore ISI upped their price objective on NVIDIA from $300.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, September 28th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $257.76.

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

NASDAQ:NVDA opened at $158.29 on Friday. The company has a market capitalization of $95.84 billion, a PE ratio of 33.90, a P/E/G ratio of 2.28 and a beta of 1.97. NVIDIA Co. has a 1 year low of $133.31 and a 1 year high of $292.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.08 and a quick ratio of 6.20.

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

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About NVIDIA

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.

Further Reading: Balance Sheet

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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