Clarius Group LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,925 shares of the computer hardware maker’s stock after acquiring an additional 109 shares during the period. Clarius Group LLC’s holdings in NVIDIA were worth $1,455,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Marquette Asset Management LLC grew its stake in shares of NVIDIA by 416.7% in the third quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock worth $27,000 after purchasing an additional 125 shares during the last quarter. Investors Research Corp increased its holdings in NVIDIA by 313.0% in the third quarter. Investors Research Corp now owns 190 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 144 shares in the last quarter. American National Bank purchased a new position in NVIDIA in the third quarter valued at $35,000. Bartlett & Co. LLC purchased a new position in NVIDIA in the third quarter valued at $37,000. Finally, Candriam Luxembourg S.C.A. increased its holdings in NVIDIA by 43.1% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 159,038 shares of the computer hardware maker’s stock valued at $37,000 after buying an additional 47,921 shares in the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.
NVDA traded up $5.03 on Wednesday, reaching $252.97. 2,662,917 shares of the company’s stock were exchanged, compared to its average volume of 5,526,938. The stock has a market cap of $151.74 billion, a PE ratio of 64.70, a P/E/G ratio of 6.18 and a beta of 2.04. NVIDIA Co. has a twelve month low of $131.00 and a twelve month high of $252.99. The stock’s fifty day moving average price is $233.74 and its 200-day moving average price is $194.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 8.42 and a quick ratio of 7.71.
NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.21. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.92 billion. NVIDIA had a net margin of 24.08% and a return on equity of 22.02%. NVIDIA’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.84 earnings per share. As a group, research analysts predict that NVIDIA Co. will post 4.32 earnings per share for the current fiscal year.
In related news, Director A Brooke Seawell sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $212.75, for a total value of $4,255,000.00. Following the sale, the director now directly owns 22,221 shares of the company’s stock, valued at $4,727,517.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $235.43, for a total transaction of $470,860.00. Following the completion of the sale, the chief financial officer now directly owns 169,989 shares in the company, valued at $40,020,510.27. The disclosure for this sale can be found here. Insiders sold 45,785 shares of company stock worth $9,965,644 over the last three months. Corporate insiders own 4.64% of the company’s stock.
A number of research analysts have weighed in on NVDA shares. Argus lifted their price objective on shares of NVIDIA from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, January 13th. BidaskClub upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. lifted their target price on shares of NVIDIA from $200.00 to $237.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Piper Jaffray Companies lifted their target price on shares of NVIDIA from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, Nomura lifted their target price on shares of NVIDIA from $147.00 to $200.00 in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $228.86.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims 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.
Further Reading: Gross Domestic Product (GDP)
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