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.
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 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.
Read More: 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).
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.