Findlay Park Partners LLP reduced its position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 40.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 963,327 shares of the computer hardware maker’s stock after selling 643,536 shares during the period. Findlay Park Partners LLP’s holdings in NVIDIA were worth $140,781,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC increased its position in shares of NVIDIA by 66.8% during the fourth quarter. Lindbrook Capital LLC now owns 18,702 shares of the computer hardware maker’s stock valued at $2,733,000 after buying an additional 7,492 shares during the period. EP Wealth Advisors LLC increased its position in shares of NVIDIA by 65.8% during the third quarter. EP Wealth Advisors LLC now owns 45,478 shares of the computer hardware maker’s stock valued at $5,521,000 after buying an additional 18,044 shares during the period. MBL Wealth LLC increased its position in shares of NVIDIA by 4.7% during the fourth quarter. MBL Wealth LLC now owns 6,428 shares of the computer hardware maker’s stock valued at $939,000 after buying an additional 290 shares during the period. Congress Asset Management Co. MA grew its holdings in shares of NVIDIA by 1.3% during the fourth quarter. Congress Asset Management Co. MA now owns 416,579 shares of the computer hardware maker’s stock worth $60,879,000 after purchasing an additional 5,222 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors grew its holdings in shares of NVIDIA by 7.3% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 6,007 shares of the computer hardware maker’s stock worth $878,000 after purchasing an additional 411 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, EVP Debora Shoquist sold 23,084 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $305.00, for a total transaction of $7,040,620.00. Following the sale, the executive vice president now directly owns 139,860 shares of the company’s stock, valued at $42,657,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Debora Shoquist sold 23,084 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $305.00, for a total value of $7,040,620.00. Following the transaction, the executive vice president now owns 139,860 shares in the company, valued at $42,657,300. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $229.29, for a total value of $1,375,740.00. Following the completion of the transaction, the chief financial officer now owns 561,401 shares in the company, valued at approximately $128,723,635.29. The disclosure for this sale can be found here. Insiders have sold a total of 61,584 shares of company stock valued at $16,244,510 over the last ninety days. Company insiders own 3.99% of the company’s stock.
NVIDIA Price Performance
NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6.02 billion. NVIDIA had a return on equity of 26.61% and a net margin of 16.19%. The company’s revenue was down 20.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 earnings per share. As a group, sell-side analysts anticipate that NVIDIA Co. will post 3.26 EPS for the current year.
Analyst Ratings Changes
NVDA has been the subject of several research reports. Needham & Company LLC upped their target price on NVIDIA from $270.00 to $300.00 in a research note on Thursday, March 23rd. Morgan Stanley upgraded NVIDIA from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $255.00 to $304.00 in a research report on Thursday, March 16th. Westpark Capital began coverage on NVIDIA in a report on Wednesday, March 22nd. They set a “hold” rating for the company. Stifel Nicolaus upped their target price on NVIDIA from $225.00 to $300.00 in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on NVIDIA from $200.00 to $220.00 and gave the company a “hold” rating in a report on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $276.82.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, 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.
- Get a free copy of the StockNews.com research report on NVIDIA (NVDA)
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