NVIDIA Co. (NVDA) Shares Bought by Cadence Bank NA

Cadence Bank NA grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,528 shares of the computer hardware maker’s stock after purchasing an additional 263 shares during the period. Cadence Bank NA’s holdings in NVIDIA were worth $2,115,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Signature Estate & Investment Advisors LLC bought a new stake in shares of NVIDIA in the third quarter worth $124,000. Legacy Financial Advisors Inc. grew its holdings in shares of NVIDIA by 111.0% in the second quarter. Legacy Financial Advisors Inc. now owns 443 shares of the computer hardware maker’s stock worth $110,000 after acquiring an additional 233 shares during the period. Kwmg LLC bought a new stake in shares of NVIDIA in the second quarter worth $105,000. Almanack Investment Partners LLC. bought a new stake in shares of NVIDIA in the second quarter worth $127,000. Finally, Ropes Wealth Advisors LLC grew its holdings in shares of NVIDIA by 561.8% in the second quarter. Ropes Wealth Advisors LLC now owns 589 shares of the computer hardware maker’s stock worth $140,000 after acquiring an additional 500 shares during the period. 65.71% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Colette Kress sold 11,576 shares of the business’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $266.31, for a total value of $3,082,804.56. Following the transaction, the chief financial officer now directly owns 297,482 shares in the company, valued at $79,222,431.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Byron sold 11,257 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $263.94, for a total value of $2,971,172.58. Following the completion of the transaction, the insider now owns 81,414 shares in the company, valued at $21,488,411.16. The disclosure for this sale can be found here. Insiders sold 113,707 shares of company stock worth $32,347,973 over the last 90 days. Company insiders own 4.70% of the company’s stock.

NVDA has been the subject of several research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $310.00 price objective (up previously from $280.00) on shares of NVIDIA in a report on Thursday, September 20th. Needham & Company LLC lifted their price objective on NVIDIA from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 14th. BidaskClub lowered NVIDIA from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 18th. Goldman Sachs Group lifted their price objective on NVIDIA from $310.00 to $324.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Finally, Bank of America lifted their price objective on NVIDIA from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, September 25th. Eleven equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $289.82.

NASDAQ NVDA opened at $205.67 on Friday. The firm has a market cap of $129.98 billion, a P/E ratio of 44.04, a P/E/G ratio of 2.80 and a beta of 2.01. The company has a current ratio of 7.41, a quick ratio of 6.66 and a debt-to-equity ratio of 0.23. NVIDIA Co. has a fifty-two week low of $176.01 and a fifty-two week high of $292.76.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, August 16th. The computer hardware maker reported $1.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.28. NVIDIA had a return on equity of 54.18% and a net margin of 36.21%. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The business’s revenue was up 40.0% on a year-over-year basis. On average, equities research analysts anticipate that NVIDIA Co. will post 7.15 EPS for the current year.

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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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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