Iron Financial LLC Sells 278 Shares of NVIDIA Co. (NASDAQ:NVDA)


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Iron Financial LLC decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 21.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,026 shares of the computer hardware maker’s stock after selling 278 shares during the period. Iron Financial LLC’s holdings in NVIDIA were worth $536,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Great West Life Assurance Co. Can grew its position in NVIDIA by 226.3% in the third quarter. Great West Life Assurance Co. Can now owns 1,827,816 shares of the computer hardware maker’s stock valued at $301,754,000 after purchasing an additional 1,267,667 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in NVIDIA by 132.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,096,639 shares of the computer hardware maker’s stock valued at $593,523,000 after purchasing an additional 625,745 shares in the last quarter. Jennison Associates LLC grew its position in NVIDIA by 6.6% in the third quarter. Jennison Associates LLC now owns 8,302,556 shares of the computer hardware maker’s stock valued at $4,493,509,000 after purchasing an additional 516,044 shares in the last quarter. Allianz Asset Management GmbH grew its position in NVIDIA by 15.9% in the third quarter. Allianz Asset Management GmbH now owns 1,908,085 shares of the computer hardware maker’s stock valued at $1,032,694,000 after purchasing an additional 261,363 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in NVIDIA by 1,335.4% in the third quarter. CIBC Private Wealth Group LLC now owns 228,909 shares of the computer hardware maker’s stock valued at $123,527,000 after purchasing an additional 212,962 shares in the last quarter. 61.27% of the stock is owned by institutional investors and hedge funds.

NASDAQ:NVDA traded up $1.88 during mid-day trading on Wednesday, reaching $541.27. 5,237,619 shares of the company’s stock were exchanged, compared to its average volume of 10,118,228. NVIDIA Co. has a one year low of $180.68 and a one year high of $589.07. The firm has a market capitalization of $335.05 billion, a PE ratio of 88.94, a price-to-earnings-growth ratio of 3.76 and a beta of 1.47. The business’s fifty day simple moving average is $528.75 and its two-hundred day simple moving average is $497.78. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.52 and a current ratio of 3.92.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Tuesday, November 17th. The computer hardware maker reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.34. NVIDIA had a net margin of 25.89% and a return on equity of 32.61%. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.42 billion. As a group, equities research analysts forecast that NVIDIA Co. will post 7.57 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 29th. Shareholders of record on Friday, December 4th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.12%. The ex-dividend date was Thursday, December 3rd. NVIDIA’s dividend payout ratio is currently 13.94%.

In other NVIDIA news, EVP Debora Shoquist sold 16,686 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $556.54, for a total value of $9,286,426.44. Following the transaction, the executive vice president now directly owns 132,854 shares of the company’s stock, valued at approximately $73,938,565.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tench Coxe sold 356 shares of the firm’s stock in a transaction dated Thursday, January 7th. The shares were sold at an average price of $528.73, for a total transaction of $188,227.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,850 shares of company stock worth $31,276,935. Insiders own 4.47% of the company’s stock.

A number of research analysts recently weighed in on NVDA shares. New Street Research downgraded shares of NVIDIA from a “neutral” rating to a “sell” rating and set a $400.00 target price for the company. in a research report on Thursday, October 8th. Raymond James increased their price target on shares of NVIDIA from $550.00 to $600.00 and gave the company an “outperform” rating in a research note on Thursday, November 19th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on shares of NVIDIA from $540.00 to $600.00 in a research note on Thursday, November 19th. Wells Fargo & Company increased their price target on shares of NVIDIA from $605.00 to $625.00 and gave the company an “overweight” rating in a research note on Friday, December 18th. Finally, Mizuho increased their price target on shares of NVIDIA from $575.00 to $605.00 and gave the company a “buy” rating in a research note on Thursday, November 19th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $545.84.

About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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