NVIDIA Co. (NVDA) Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 23.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,960 shares of the computer hardware maker’s stock after acquiring an additional 1,113 shares during the quarter. Alps Advisors Inc.’s holdings in NVIDIA were worth $1,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Adirondack Trust Co. grew its stake in shares of NVIDIA by 146.1% during the first quarter. Adirondack Trust Co. now owns 443 shares of the computer hardware maker’s stock valued at $100,000 after buying an additional 263 shares during the last quarter. Legacy Financial Advisors Inc. grew its stake in shares of NVIDIA by 111.0% during the second quarter. Legacy Financial Advisors Inc. now owns 443 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 233 shares during the last quarter. Bruderman Asset Management LLC bought a new position in shares of NVIDIA during the first quarter valued at about $127,000. Wagner Wealth Management LLC grew its stake in shares of NVIDIA by 343.3% during the first quarter. Wagner Wealth Management LLC now owns 665 shares of the computer hardware maker’s stock valued at $154,000 after buying an additional 515 shares during the last quarter. Finally, D. Scott Neal Inc. grew its stake in shares of NVIDIA by 152.1% during the first quarter. D. Scott Neal Inc. now owns 663 shares of the computer hardware maker’s stock valued at $154,000 after buying an additional 400 shares during the last quarter. 65.33% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director A Brooke Seawell sold 21,029 shares of NVIDIA stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $264.65, for a total transaction of $5,565,324.85. Following the completion of the transaction, the director now directly owns 21,992 shares in the company, valued at $5,820,182.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ajay K. Puri sold 4,643 shares of NVIDIA stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $266.54, for a total transaction of $1,237,545.22. Following the transaction, the executive vice president now owns 295,635 shares of the company’s stock, valued at $78,798,552.90. The disclosure for this sale can be found here. Insiders have sold 269,632 shares of company stock valued at $67,615,033 over the last quarter. Company insiders own 4.70% of the company’s stock.

A number of brokerages have recently issued reports on NVDA. B. Riley raised their price objective on NVIDIA from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, May 11th. Deutsche Bank raised their target price on NVIDIA from $230.00 to $240.00 and gave the stock a “hold” rating in a research note on Tuesday, May 8th. Mizuho raised their target price on NVIDIA to $280.00 and gave the stock a “buy” rating in a research note on Friday, May 11th. Royal Bank of Canada raised their target price on NVIDIA from $300.00 to $310.00 and gave the stock an “outperform” rating in a research note on Monday, June 25th. Finally, Stifel Nicolaus raised their target price on NVIDIA from $220.00 to $243.00 and gave the stock a “hold” rating in a research note on Friday, May 11th. Nine analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $280.31.

Shares of NVDA opened at $257.44 on Friday. The company has a quick ratio of 7.82, a current ratio of 8.54 and a debt-to-equity ratio of 0.26. NVIDIA Co. has a one year low of $157.37 and a one year high of $269.20. The stock has a market capitalization of $154.66 billion, a price-to-earnings ratio of 55.13, a P/E/G ratio of 3.51 and a beta of 1.56.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, August 16th. The computer hardware maker reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.30. NVIDIA had a net margin of 34.44% and a return on equity of 52.18%. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the business posted $1.01 earnings per share. NVIDIA’s quarterly revenue was up 40.0% compared to the same quarter last year. sell-side analysts predict that NVIDIA Co. will post 7.08 EPS for the current fiscal year.

About NVIDIA

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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