Cypress Asset Management Inc. TX Has $1.04 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Cypress Asset Management Inc. TX raised its position in NVIDIA Co. (NASDAQ:NVDA) by 86.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,965 shares of the computer hardware maker’s stock after purchasing an additional 2,770 shares during the period. Cypress Asset Management Inc. TX’s holdings in NVIDIA were worth $1,038,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Deltec Asset Management LLC acquired a new position in shares of NVIDIA in the 2nd quarter worth approximately $452,000. Meadow Creek Investment Management LLC lifted its position in shares of NVIDIA by 6.2% during the 2nd 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. lifted its position in shares of NVIDIA by 2,473.9% during the 2nd 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 lifted its position in shares of NVIDIA by 172.1% during the 2nd 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 lifted its position in shares of NVIDIA by 12.5% during the 2nd 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. Hedge funds and other institutional investors own 64.44% of the company’s stock.

NVDA traded up $2.57 during trading on Monday, hitting $193.06. 72,289 shares of the company traded hands, compared to its average volume of 8,796,882. The firm has a market cap of $117.13 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 5.00 and a beta of 2.05. The stock’s fifty day moving average is $178.59 and its 200 day moving average is $168.32. The company has a quick ratio of 7.74, a current ratio of 8.65 and a debt-to-equity ratio of 0.24. NVIDIA Co. has a one year low of $124.46 and a one year high of $242.55.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.37. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates 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 prior year, the business earned $1.94 earnings per share. On average, equities research analysts forecast that NVIDIA Co. will post 4.07 EPS for the current fiscal year.

NVDA has been the topic of a number of research reports. FBN Securities set a $190.00 target price on shares of NVIDIA and gave the company a “buy” rating in a research report on Friday, August 16th. Daiwa Capital Markets set a $200.00 target price on shares of NVIDIA and gave the company a “buy” rating in a research report on Wednesday, August 21st. ValuEngine upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Cascend Securities boosted their target price on shares of NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada upped their target price on shares of NVIDIA from $190.00 to $217.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-eight have assigned a buy rating to the company. NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $186.67.

In other NVIDIA news, Director Dawn E. Hudson sold 5,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $171.73, for a total transaction of $858,650.00. Following the completion of the transaction, the director now owns 36,037 shares in the company, valued at $6,188,634.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael G. Mccaffery sold 15,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $165.97, for a total transaction of $2,489,550.00. Following the transaction, the director now owns 27,579 shares of the company’s stock, valued at approximately $4,577,286.63. The disclosure for this sale can be found here. Insiders have sold 66,383 shares of company stock valued at $11,625,217 in the last quarter. Company insiders own 4.64% of the company’s stock.

NVIDIA Profile

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.

Recommended Story: What is the 52-week high/low?

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.