Burns J W & Co. Inc. NY Acquires 7,674 Shares of NVIDIA Co. (NASDAQ:NVDA)

Burns J W & Co. Inc. NY lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 400.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,592 shares of the computer hardware maker’s stock after buying an additional 7,674 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in NVIDIA were worth $1,987,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. OLD Mission Capital LLC bought a new stake in NVIDIA in the 3rd quarter worth $293,000. Hoylecohen LLC grew its holdings in NVIDIA by 2.9% in the 1st quarter. Hoylecohen LLC now owns 8,962 shares of the computer hardware maker’s stock worth $4,785,000 after acquiring an additional 256 shares during the last quarter. Gladstone Institutional Advisory LLC grew its holdings in NVIDIA by 1.9% in the 1st quarter. Gladstone Institutional Advisory LLC now owns 3,210 shares of the computer hardware maker’s stock worth $1,714,000 after acquiring an additional 59 shares during the last quarter. Advisory Alpha LLC grew its holdings in NVIDIA by 63.6% in the 1st quarter. Advisory Alpha LLC now owns 738 shares of the computer hardware maker’s stock worth $394,000 after acquiring an additional 287 shares during the last quarter. Finally, Rollins Financial bought a new stake in NVIDIA in the 1st quarter worth $484,000. 19.24% of the stock is currently owned by institutional investors.

In related news, Director Persis Drell sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 19th. The shares were sold at an average price of $326.65, for a total transaction of $3,266,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $342.58, for a total transaction of $19,869,640.00. The disclosure for this sale can be found here. Insiders have sold 78,000 shares of company stock valued at $25,222,940 over the last three months. 4.47% of the stock is owned by corporate insiders.

NVDA opened at $313.98 on Wednesday. The company has a quick ratio of 5.33, a current ratio of 5.80 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average price of $246.24 and a 200-day moving average price of $210.02. NVIDIA Co. has a twelve month low of $115.67 and a twelve month high of $346.47. The stock has a market capitalization of $782.44 billion, a price-to-earnings ratio of 113.18, a PEG ratio of 4.45 and a beta of 1.46.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 17th. The computer hardware maker reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.06. NVIDIA had a net margin of 32.33% and a return on equity of 40.88%. During the same quarter in the previous year, the business earned $0.60 earnings per share. As a group, analysts expect that NVIDIA Co. will post 3.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 23rd. Stockholders of record on Thursday, December 2nd will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, December 1st. This represents a $0.16 annualized dividend and a dividend yield of 0.05%. NVIDIA’s payout ratio is 5.70%.

A number of brokerages have recently weighed in on NVDA. Evercore ISI lifted their target price on shares of NVIDIA from $187.50 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, August 12th. BMO Capital Markets lifted their target price on shares of NVIDIA from $250.00 to $375.00 in a research note on Monday. Mizuho lifted their target price on shares of NVIDIA from $235.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, November 18th. Summit Insights raised shares of NVIDIA from a “sell” rating to a “buy” rating in a research note on Friday, October 22nd. Finally, Susquehanna Bancshares lifted their target price on shares of NVIDIA from $250.00 to $360.00 and gave the company a “positive” rating in a research note on Thursday, November 11th. Three research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $326.78.

NVIDIA 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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