Dupont Capital Management Corp Has $14.11 Million Stake in NVIDIA Co. (NVDA)

Dupont Capital Management Corp decreased its stake in NVIDIA Co. (NASDAQ:NVDA) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,194 shares of the computer hardware maker’s stock after selling 4,712 shares during the period. Dupont Capital Management Corp’s holdings in NVIDIA were worth $14,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Holderness Investments Co. lifted its stake in shares of NVIDIA by 3.2% in the second quarter. Holderness Investments Co. now owns 6,481 shares of the computer hardware maker’s stock valued at $1,535,000 after purchasing an additional 200 shares during the period. Grimes & Company Inc. lifted its stake in shares of NVIDIA by 9.0% in the second quarter. Grimes & Company Inc. now owns 2,480 shares of the computer hardware maker’s stock valued at $588,000 after purchasing an additional 205 shares during the period. Charter Trust Co. lifted its stake in shares of NVIDIA by 4.9% in the second quarter. Charter Trust Co. now owns 4,471 shares of the computer hardware maker’s stock valued at $1,059,000 after purchasing an additional 207 shares during the period. Concorde Asset Management LLC lifted its stake in shares of NVIDIA by 16.3% in the second quarter. Concorde Asset Management LLC now owns 1,481 shares of the computer hardware maker’s stock valued at $351,000 after purchasing an additional 208 shares during the period. Finally, LVW Advisors LLC lifted its stake in shares of NVIDIA by 11.7% in the second quarter. LVW Advisors LLC now owns 2,010 shares of the computer hardware maker’s stock valued at $476,000 after purchasing an additional 210 shares during the period. Hedge funds and other institutional investors own 65.71% of the company’s stock.

NVDA has been the subject of several recent analyst reports. Argus reiterated a “buy” rating and issued a $300.00 price objective on shares of NVIDIA in a research note on Friday, October 12th. Goldman Sachs Group upgraded shares of NVIDIA from a “buy” rating to a “conviction-buy” rating and reduced their price objective for the company from $324.00 to $305.00 in a research note on Thursday, October 18th. Evercore ISI raised 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. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research note on Friday, October 5th. Finally, BidaskClub cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Eleven equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $289.82.

In other news, insider Michael Byron sold 11,257 shares of NVIDIA stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $263.94, for a total transaction of $2,971,172.58. Following the completion of the sale, the insider now directly owns 81,414 shares in the company, valued at $21,488,411.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ajay K. Puri sold 90,831 shares of NVIDIA stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $289.35, for a total transaction of $26,281,949.85. Following the sale, the executive vice president now owns 184,001 shares of the company’s stock, valued at $53,240,689.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,707 shares of company stock valued at $32,347,973. Insiders own 4.70% of the company’s stock.

Shares of NASDAQ NVDA opened at $205.67 on Friday. The stock has a market cap of $129.98 billion, a PE ratio of 44.04, a PEG ratio of 2.80 and a beta of 2.01. NVIDIA Co. has a 12 month low of $176.01 and a 12 month high of $292.76. The company has a quick ratio of 6.66, a current ratio of 7.41 and a debt-to-equity ratio of 0.23.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, August 16th. The computer hardware maker reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.28. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.11 billion. NVIDIA had a net margin of 36.21% and a return on equity of 54.18%. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. On average, research analysts predict that NVIDIA Co. will post 7.15 earnings per share for the current fiscal year.

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NVIDIA 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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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