Winslow Evans & Crocker Inc. reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,716 shares of the computer hardware maker’s stock after selling 406 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in NVIDIA were worth $1,208,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of NVDA. Blue Fin Capital Inc. lifted its position in shares of NVIDIA by 22.3% in the third quarter. Blue Fin Capital Inc. now owns 4,671 shares of the computer hardware maker’s stock valued at $1,313,000 after acquiring an additional 853 shares in the last quarter. Man Group plc lifted its position in shares of NVIDIA by 5.6% in the third quarter. Man Group plc now owns 37,977 shares of the computer hardware maker’s stock valued at $10,673,000 after acquiring an additional 2,028 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of NVIDIA by 83.8% in the third quarter. Macquarie Group Ltd. now owns 76,628 shares of the computer hardware maker’s stock valued at $21,533,000 after acquiring an additional 34,946 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in shares of NVIDIA in the third quarter valued at $765,000. Finally, Neuberger Berman Group LLC lifted its position in shares of NVIDIA by 10.3% in the third quarter. Neuberger Berman Group LLC now owns 311,173 shares of the computer hardware maker’s stock valued at $87,445,000 after acquiring an additional 29,069 shares in the last quarter. Institutional investors and hedge funds own 69.81% of the company’s stock.
Shares of NVIDIA stock traded up $1.28 during trading hours on Monday, reaching $187.58. The stock had a trading volume of 131,128 shares, compared to its average volume of 12,203,274. The company has a market cap of $113.36 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 4.50 and a beta of 1.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.94 and a quick ratio of 6.76. NVIDIA Co. has a 1 year low of $124.46 and a 1 year high of $292.76.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.27. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The company’s quarterly revenue was down 24.3% compared to the same quarter last year. During the same period last year, the business posted $1.72 EPS. Research analysts anticipate that NVIDIA Co. will post 4.46 EPS for the current year.
In other news, EVP Debora Shoquist sold 5,823 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total value of $1,077,255.00. Following the completion of the sale, the executive vice president now owns 171,783 shares in the company, valued at $31,779,855. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Colette Kress sold 14,092 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $183.33, for a total value of $2,583,486.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,029 shares of company stock worth $3,678,385. Company insiders own 4.64% of the company’s stock.
Several research firms recently weighed in on NVDA. BidaskClub downgraded NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 16th. ValuEngine upgraded NVIDIA from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded NVIDIA from a “strong sell” rating to a “hold” rating in a research report on Monday, April 1st. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research report on Wednesday, March 20th. Finally, Nomura began coverage on NVIDIA in a research report on Tuesday, April 2nd. They set a “neutral” rating and a $147.00 target price on the stock. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $204.46.
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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 game-streaming service; 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 cryptocurrency-specific graphics processing units.
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