NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Lowered by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 454,948 shares of the computer hardware maker’s stock after selling 20 shares during the period. NVIDIA accounts for 0.6% of Lord Abbett & CO. LLC’s portfolio, making the stock its 19th biggest holding. Lord Abbett & CO. LLC owned about 0.07% of NVIDIA worth $237,574,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. PrairieView Partners LLC bought a new position in NVIDIA in the 4th quarter valued at about $26,000. NewSquare Capital LLC bought a new position in NVIDIA in the 3rd quarter valued at about $32,000. Cedar Mountain Advisors LLC bought a new position in NVIDIA in the 4th quarter valued at about $34,000. CVA Family Office LLC bought a new position in NVIDIA in the 3rd quarter valued at about $40,000. Finally, Your Advocates Ltd. LLP bought a new position in NVIDIA in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 65.70% of the company’s stock.

A number of brokerages recently issued reports on NVDA. BMO Capital Markets increased their target price on shares of NVIDIA from $650.00 to $680.00 and gave the company an “outperform” rating in a research report on Monday. New Street Research upgraded shares of NVIDIA from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 3rd. Craig Hallum raised their price objective on shares of NVIDIA from $500.00 to $520.00 and gave the company a “hold” rating in a research report on Thursday, November 19th. Bank of America raised their price objective on shares of NVIDIA from $650.00 to $665.00 and gave the company a “buy” rating in a research report on Thursday, November 19th. Finally, UBS Group raised their price objective on shares of NVIDIA from $625.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday, November 19th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $566.49.

In related news, Director John Dabiri sold 185 shares of the firm’s stock in a transaction on Wednesday, December 23rd. The stock was sold at an average price of $529.85, for a total value of $98,022.25. Following the completion of the transaction, the director now directly owns 1,251 shares of the company’s stock, valued at $662,842.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 356 shares of the firm’s stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of $540.52, for a total value of $192,425.12. Following the completion of the transaction, the director now directly owns 356 shares of the company’s stock, valued at $192,425.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,824 shares of company stock worth $2,587,435. Corporate insiders own 4.47% of the company’s stock.

NVDA stock traded down $35.17 during midday trading on Tuesday, hitting $539.06. 77,530 shares of the company traded hands, compared to its average volume of 7,845,163. NVIDIA Co. has a twelve month low of $180.68 and a twelve month high of $614.90. The company has a quick ratio of 3.52, a current ratio of 3.92 and a debt-to-equity ratio of 0.39. The business has a 50 day simple moving average of $550.24 and a 200-day simple moving average of $528.47. The stock has a market capitalization of $333.68 billion, a price-to-earnings ratio of 92.14, a price-to-earnings-growth ratio of 3.87 and a beta of 1.45.

About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates in 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 gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.

See Also: Capital Gains Distribution

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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