Strategic Wealth Advisors Group LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 20.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,395 shares of the computer hardware maker’s stock after acquiring an additional 2,471 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in NVIDIA were worth $2,505,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Deltec Asset Management LLC bought a new position in NVIDIA in the second quarter worth about $452,000. Meadow Creek Investment Management LLC increased its stake in shares of NVIDIA by 6.2% during the second quarter. Meadow Creek Investment Management LLC now owns 149,192 shares of the computer hardware maker’s stock valued at $24,502,000 after acquiring an additional 8,738 shares during the period. Meeder Asset Management Inc. increased its stake in shares of NVIDIA by 2,473.9% during the second quarter. Meeder Asset Management Inc. now owns 592 shares of the computer hardware maker’s stock valued at $97,000 after acquiring an additional 569 shares during the period. Clearstead Advisors LLC increased its stake in shares of NVIDIA by 172.1% during the second quarter. Clearstead Advisors LLC now owns 3,633 shares of the computer hardware maker’s stock valued at $596,000 after acquiring an additional 2,298 shares during the period. Finally, First Merchants Corp increased its stake in shares of NVIDIA by 12.5% during the second quarter. First Merchants Corp now owns 4,410 shares of the computer hardware maker’s stock valued at $724,000 after acquiring an additional 490 shares during the period. Institutional investors own 64.45% of the company’s stock.
NVDA has been the topic of a number of research analyst reports. Goldman Sachs Group raised their price objective on shares of NVIDIA from $179.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Nomura reiterated a “hold” rating on shares of NVIDIA in a research note on Friday, August 23rd. Rosenblatt Securities restated a “buy” rating and issued a $180.00 price target on shares of NVIDIA in a research report on Friday, August 16th. FBN Securities set a $190.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Daiwa Capital Markets set a $200.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $189.15.
In other NVIDIA news, Director Dawn E. Hudson sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $171.73, for a total value of $858,650.00. Following the transaction, the director now directly owns 36,037 shares in the company, valued at $6,188,634.01. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Colette Kress sold 31,357 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $179.01, for a total transaction of $5,613,216.57. The disclosure for this sale can be found here. In the last three months, insiders sold 66,383 shares of company stock worth $11,625,217. 4.64% of the stock is currently owned by insiders.
NASDAQ NVDA traded down $1.37 on Friday, reaching $206.97. The company’s stock had a trading volume of 251,784 shares, compared to its average volume of 8,050,467. The firm has a market cap of $127.65 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 5.39 and a beta of 2.06. The business has a 50-day moving average price of $188.87 and a 200 day moving average price of $169.68. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $211.70. The company has a current ratio of 8.65, a quick ratio of 7.74 and a debt-to-equity ratio of 0.24.
NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.37. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.55 billion. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The firm’s revenue for the quarter was down 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 earnings per share. Analysts anticipate that NVIDIA Co. will post 4.07 earnings per share for the current fiscal year.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. 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.
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