Trust Department MB Financial Bank N A acquired a new position in NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 230 shares of the computer hardware maker’s stock, valued at approximately $31,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Bainco International Investors boosted its stake in shares of NVIDIA by 1.0% during the second quarter. Bainco International Investors now owns 23,650 shares of the computer hardware maker’s stock valued at $5,603,000 after purchasing an additional 223 shares in the last quarter. FMR LLC boosted its stake in shares of NVIDIA by 3.5% during the second quarter. FMR LLC now owns 48,594,422 shares of the computer hardware maker’s stock valued at $11,512,019,000 after purchasing an additional 1,656,748 shares in the last quarter. Bridgewater Associates LP bought a new position in shares of NVIDIA during the second quarter valued at approximately $206,000. BB&T Securities LLC boosted its stake in shares of NVIDIA by 11.1% during the second quarter. BB&T Securities LLC now owns 9,286 shares of the computer hardware maker’s stock valued at $2,199,000 after purchasing an additional 926 shares in the last quarter. Finally, BRYN MAWR TRUST Co boosted its stake in shares of NVIDIA by 16.3% during the second quarter. BRYN MAWR TRUST Co now owns 5,980 shares of the computer hardware maker’s stock valued at $1,417,000 after purchasing an additional 837 shares in the last quarter. 67.47% of the stock is currently owned by institutional investors.
In other news, CFO Colette Kress sold 889 shares of NVIDIA stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $147.91, for a total value of $131,491.99. Following the sale, the chief financial officer now owns 259,912 shares in the company, valued at $38,443,583.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Debora Shoquist sold 6,345 shares of NVIDIA stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $135.33, for a total transaction of $858,668.85. Following the completion of the sale, the executive vice president now owns 177,911 shares in the company, valued at approximately $24,076,695.63. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by insiders.
A number of equities analysts have recently issued reports on NVDA shares. Needham & Company LLC increased their price objective on shares of NVIDIA from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 14th. Benchmark reiterated a “buy” rating and set a $310.00 price objective (up from $280.00) on shares of NVIDIA in a research note on Thursday, September 20th. KeyCorp started coverage on shares of NVIDIA in a research note on Tuesday, September 25th. They set a “sector weight” rating on the stock. Bank of America increased their price objective on shares of NVIDIA from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, September 25th. Finally, Evercore ISI increased their price objective on shares of NVIDIA from $300.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, September 28th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-six have assigned a buy rating to the company. NVIDIA has a consensus rating of “Buy” and a consensus price target of $255.94.
Shares of NVIDIA stock opened at $142.58 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.08 and a quick ratio of 6.20. NVIDIA Co. has a 1 year low of $124.46 and a 1 year high of $292.76. The firm has a market cap of $83.08 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 1.98 and a beta of 2.05.
NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, November 15th. The computer hardware maker reported $1.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.06). NVIDIA had a return on equity of 51.60% and a net margin of 37.78%. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. As a group, equities analysts anticipate that NVIDIA Co. will post 6.45 earnings per share for the current fiscal year.
NVIDIA Company Profile
NVIDIA Corporation operates as a visual computing company worldwide. It operates through 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 game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
Further Reading: What are Institutional Investors?
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA).
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.