SevenBridge Financial Group LLC Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

SevenBridge Financial Group LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 292.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,084 shares of the computer hardware maker’s stock after acquiring an additional 11,244 shares during the quarter. SevenBridge Financial Group LLC’s holdings in NVIDIA were worth $3,125,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Marquette Asset Management LLC increased its position in shares of NVIDIA by 300.0% during 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 period. Global Trust Asset Management LLC increased its position in shares of NVIDIA by 300.0% during 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 during the period. PrairieView Partners LLC increased its position in shares of NVIDIA by 300.0% during the third quarter. PrairieView Partners LLC now owns 200 shares of the computer hardware maker’s stock worth $41,000 after acquiring an additional 150 shares during the period. Regency Capital Management Inc. DE bought a new position in shares of NVIDIA during the first quarter valued at approximately $43,000. Finally, Perkins Coie Trust Co boosted its stake in shares of NVIDIA by 151.7% during the third quarter. Perkins Coie Trust Co now owns 224 shares of the computer hardware maker’s stock valued at $46,000 after purchasing an additional 135 shares in the last quarter. 19.24% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on NVDA shares. Summit Insights upgraded shares of NVIDIA from a “sell” rating to a “buy” rating in a research note on Friday, October 22nd. Rosenblatt Securities increased their price objective on shares of NVIDIA from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, August 19th. Oppenheimer increased their price objective 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. UBS Group increased their price objective on shares of NVIDIA from $230.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, November 15th. Finally, Jefferies Financial Group raised their target price on shares of NVIDIA from $260.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, November 18th. Three research 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. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $326.78.

In other NVIDIA news, Director Mark A. Stevens sold 58,000 shares of the business’s stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $342.58, for a total value of $19,869,640.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 13th. The shares were sold at an average price of $208.68, for a total transaction of $2,086,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,000 shares of company stock worth $25,222,940. Company insiders own 4.47% of the company’s stock.

NVDA opened at $326.74 on Thursday. NVIDIA Co. has a fifty-two week low of $115.67 and a fifty-two week high of $346.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.33 and a current ratio of 5.80. The company has a fifty day moving average of $248.30 and a two-hundred day moving average of $210.84. The stock has a market capitalization of $814.24 billion, a price-to-earnings ratio of 116.48, 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 analysts’ consensus estimates 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 in the previous year, the business earned $0.60 earnings per share. On average, equities research analysts forecast that NVIDIA Co. will post 3.49 earnings per share for the current year.

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, December 1st. This represents a $0.16 annualized dividend and a dividend yield of 0.05%. NVIDIA’s dividend payout ratio (DPR) is 5.70%.

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.

Further Reading: Why investors pay attention to retained earnings

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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