Nicolet Bankshares Inc. Invests $343,000 in NVIDIA Co. (NVDA)

Nicolet Bankshares Inc. acquired a new position in NVIDIA Co. (NASDAQ:NVDA) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,219 shares of the computer hardware maker’s stock, valued at approximately $343,000.

Other hedge funds have also bought and sold shares of the company. Signature Estate & Investment Advisors LLC bought a new position in shares of NVIDIA in the 3rd quarter worth about $124,000. Legacy Financial Advisors Inc. raised its position in shares of NVIDIA by 111.0% in the 2nd 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 in the last quarter. Kwmg LLC bought a new position in shares of NVIDIA in the 2nd quarter worth about $105,000. Almanack Investment Partners LLC. bought a new position in shares of NVIDIA in the 2nd quarter worth about $127,000. Finally, Ropes Wealth Advisors LLC raised its position in shares of NVIDIA by 561.8% in the 2nd 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 in the last quarter. 65.80% of the stock is owned by hedge funds and other institutional investors.

NVDA stock traded down $12.67 during mid-day trading on Monday, reaching $185.62. 17,917,123 shares of the company traded hands, compared to its average volume of 13,333,750. The company has a market capitalization of $120.56 billion, a P/E ratio of 39.75, a price-to-earnings-growth ratio of 2.60 and a beta of 1.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 6.66 and a current ratio of 7.41. NVIDIA Co. has a fifty-two week low of $180.58 and a fifty-two week high of $292.76.



NVIDIA (NASDAQ:NVDA) last announced its earnings results on Thursday, August 16th. The computer hardware maker reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.28. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.11 billion. NVIDIA had a return on equity of 54.18% and a net margin of 36.21%. The company’s revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. As a group, sell-side analysts forecast that NVIDIA Co. will post 7.15 earnings per share for the current fiscal year.

In related news, EVP Ajay K. Puri sold 90,831 shares of the company’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $289.35, for a total value of $26,281,949.85. Following the completion of the transaction, the executive vice president now directly owns 184,001 shares in the company, valued at $53,240,689.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 11,576 shares of the company’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $266.31, for a total transaction of $3,082,804.56. Following the completion of the transaction, the chief financial officer now owns 297,482 shares of the company’s stock, valued at $79,222,431.42. The disclosure for this sale can be found here. Insiders have sold a total of 113,707 shares of company stock worth $32,347,973 in the last three months. Insiders own 4.70% of the company’s stock.

Several research firms have recently weighed in on NVDA. BidaskClub lowered NVIDIA from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Zacks Investment Research lowered NVIDIA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. UBS Group decreased their target price on NVIDIA from $280.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, October 23rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $250.00 target price (up from $243.00) on shares of NVIDIA in a research report on Friday, August 17th. Finally, Bank of America decreased their target price on NVIDIA from $360.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday. Twelve investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $290.52.

NVIDIA 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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