Douglass Winthrop Advisors LLC Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Douglass Winthrop Advisors LLC increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 279.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,472 shares of the computer hardware maker’s stock after purchasing an additional 5,504 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in NVIDIA were worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Patton Albertson Miller Group LLC boosted its position in NVIDIA by 276.7% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 39,351 shares of the computer hardware maker’s stock valued at $8,152,000 after acquiring an additional 28,905 shares in the last quarter. Bbva USA boosted its position in NVIDIA by 282.2% during the 3rd quarter. Bbva USA now owns 104,204 shares of the computer hardware maker’s stock valued at $21,587,000 after acquiring an additional 76,940 shares in the last quarter. Hartline Investment Corp boosted its position in shares of NVIDIA by 295.0% in the 3rd quarter. Hartline Investment Corp now owns 243,631 shares of the computer hardware maker’s stock worth $50,471,000 after purchasing an additional 181,955 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of NVIDIA by 396.2% in the 3rd quarter. Valeo Financial Advisors LLC now owns 19,540 shares of the computer hardware maker’s stock worth $4,048,000 after purchasing an additional 15,602 shares in the last quarter. Finally, Engine NO. 1 LLC purchased a new position in NVIDIA in the 2nd quarter worth approximately $1,587,000. 63.70% of the stock is currently owned by institutional investors.

In other news, CEO Jen Hsun Huang sold 440,000 shares of the stock in a transaction dated Wednesday, December 1st. The shares were sold at an average price of $326.16, for a total value of $143,510,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 58,000 shares of the firm’s stock in a transaction dated Monday, November 22nd. The shares were 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. In the last 90 days, insiders have sold 990,012 shares of company stock valued at $312,681,810. 4.23% of the stock is owned by insiders.

A number of brokerages have weighed in on NVDA. Oppenheimer boosted their target price on shares of NVIDIA from $235.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, November 11th. Robert W. Baird increased their price objective on shares of NVIDIA from $240.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, November 15th. Credit Suisse Group upped their target price on shares of NVIDIA from $225.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, November 16th. Susquehanna Bancshares increased their price objective on shares of NVIDIA from $250.00 to $360.00 and gave the stock a “positive” rating in a research report on Thursday, November 11th. Finally, Craig Hallum raised their target price on shares of NVIDIA from $220.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 18th. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $326.63.

Shares of NVIDIA stock traded up $4.82 during trading hours on Friday, hitting $270.57. The company had a trading volume of 465,926 shares, compared to its average volume of 46,682,625. The company’s 50-day moving average is $300.51 and its two-hundred day moving average is $243.59. NVIDIA Co. has a twelve month low of $115.67 and a twelve month high of $346.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 7.14 and a quick ratio of 6.53. The company has a market cap of $676.43 billion, a P/E ratio of 81.90, a price-to-earnings-growth ratio of 4.01 and a beta of 1.31.

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

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

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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