FNY Investment Advisers LLC Purchases 3,731 Shares of NVIDIA Co. (NASDAQ:NVDA)

FNY Investment Advisers LLC boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 141.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,371 shares of the computer hardware maker’s stock after purchasing an additional 3,731 shares during the period. FNY Investment Advisers LLC’s holdings in NVIDIA were worth $1,319,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Regency Capital Management Inc. DE bought a new position in NVIDIA during the 1st quarter valued at about $43,000. Perkins Coie Trust Co raised its stake in shares of NVIDIA by 790.0% in the second quarter. Perkins Coie Trust Co now owns 89 shares of the computer hardware maker’s stock worth $71,000 after acquiring an additional 79 shares during the last quarter. Paragon Wealth Strategies LLC bought a new position in shares of NVIDIA in the second quarter worth about $75,000. First PREMIER Bank bought a new position in shares of NVIDIA in the second quarter worth about $80,000. Finally, Marquette Asset Management LLC raised its stake in shares of NVIDIA by 300.0% in the third quarter. Marquette Asset Management LLC now owns 120 shares of the computer hardware maker’s stock worth $25,000 after acquiring an additional 90 shares during the last quarter. 19.24% of the stock is owned by hedge funds and other institutional investors.

NVDA has been the subject of a number of research analyst reports. Bank of America boosted their target price on shares of NVIDIA from $340.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, November 18th. Truist boosted their target price on shares of NVIDIA from $360.00 to $389.00 and gave the stock 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. JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $220.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 18th. Finally, Oppenheimer lifted their price target on shares of NVIDIA from $235.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 11th. Three investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus target price of $326.78.

In other NVIDIA news, Director Mark A. Stevens sold 58,000 shares of the company’s 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Persis Drell sold 10,000 shares of the company’s stock in a transaction on Friday, November 19th. The stock was sold at an average price of $326.65, for a total transaction of $3,266,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 78,000 shares of company stock worth $25,222,940. 4.47% of the stock is currently owned by insiders.

Shares of NVDA stock opened at $317.46 on Wednesday. The company’s fifty day simple moving average is $246.24 and its 200-day simple moving average is $210.02. 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 market cap of $791.11 billion, a PE ratio of 113.18, a P/E/G ratio of 4.45 and a beta of 1.46. NVIDIA Co. has a 12 month low of $115.67 and a 12 month high of $346.47.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 17th. The computer hardware maker reported $1.17 EPS for the quarter, topping the Zacks’ 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 period last year, the firm earned $0.60 EPS. On average, equities analysts predict that NVIDIA Co. will post 3.49 earnings per share for the current fiscal year.

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

About NVIDIA

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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