Barr E S & Co. Purchases 2,053 Shares of NVIDIA Co. (NASDAQ:NVDA)

Barr E S & Co. increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 361.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,621 shares of the computer hardware maker’s stock after purchasing an additional 2,053 shares during the period. Barr E S & Co.’s holdings in NVIDIA were worth $543,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marquette Asset Management LLC boosted its stake in NVIDIA by 300.0% in the 3rd quarter. Marquette Asset Management LLC now owns 120 shares of the computer hardware maker’s stock valued at $25,000 after buying an additional 90 shares in the last quarter. HBC Financial Services PLLC increased its holdings in NVIDIA by 300.0% in the third quarter. HBC Financial Services PLLC now owns 120 shares of the computer hardware maker’s stock valued at $25,000 after purchasing an additional 90 shares during the last quarter. Global Trust Asset Management LLC increased its holdings in shares of NVIDIA by 300.0% in the third quarter. Global Trust Asset Management LLC now owns 124 shares of the computer hardware maker’s stock worth $26,000 after acquiring an additional 93 shares in the last quarter. First Personal Financial Services increased its holdings in shares of NVIDIA by 366.7% in the third quarter. First Personal Financial Services now owns 140 shares of the computer hardware maker’s stock worth $29,000 after acquiring an additional 110 shares in the last quarter. Finally, Baldrige Asset Management LLC grew its holdings in shares of NVIDIA by 300.0% during the third quarter. Baldrige Asset Management LLC now owns 148 shares of the computer hardware maker’s stock worth $31,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 63.70% of the company’s stock.

NVDA has been the subject of several recent research reports. Susquehanna increased their price target on NVIDIA from $250.00 to $360.00 and gave the company a “positive” rating in a research report on Thursday, November 11th. Credit Suisse Group increased their target price on NVIDIA from $225.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 16th. Wells Fargo & Company raised their price objective on NVIDIA from $245.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, November 4th. BMO Capital Markets lifted their price target on NVIDIA from $250.00 to $375.00 in a research note on Monday, November 22nd. Finally, Truist cut their price objective on NVIDIA from $389.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, January 6th. Three research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $326.63.

In other news, Director Mark A. Stevens sold 58,000 shares of NVIDIA stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $342.58, for a total transaction of $19,869,640.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harvey C. Jones sold 41,484 shares of NVIDIA stock in a transaction on Thursday, December 16th. The shares were sold at an average price of $311.50, for a total transaction of $12,922,266.00. The disclosure for this sale can be found here. Insiders have sold 990,012 shares of company stock valued at $312,681,810 over the last quarter. Company insiders own 4.23% of the company’s stock.

NVDA traded up $4.26 during trading on Friday, reaching $270.01. The stock had a trading volume of 818,601 shares, compared to its average volume of 46,682,625. The stock has a market cap of $675.03 billion, a PE ratio of 83.13, a PEG ratio of 4.01 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a quick ratio of 6.53 and a current ratio of 7.14. NVIDIA Co. has a one year low of $115.67 and a one year high of $346.47. The business has a 50-day moving average of $300.51 and a 200-day moving average of $243.59.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.06. NVIDIA had a return on equity of 41.79% and a net margin of 33.81%. The business had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Equities research analysts forecast that NVIDIA Co. will post 3.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 23rd. Stockholders of record on Thursday, December 2nd were issued a dividend of $0.04 per share. The ex-dividend date was Wednesday, December 1st. This represents a $0.16 annualized dividend and a dividend yield of 0.06%. NVIDIA’s payout ratio is 4.93%.

NVIDIA Company Profile

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. 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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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