Avitas Wealth Management LLC Buys 4,507 Shares of NVIDIA Co. (NASDAQ:NVDA)

Avitas Wealth Management LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 113.2% in the third quarter, HoldingsChannel reports. The firm owned 8,488 shares of the computer hardware maker’s stock after acquiring an additional 4,507 shares during the period. Avitas Wealth Management LLC’s holdings in NVIDIA were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. First Personal Financial Services grew its position in NVIDIA by 16.0% in the 3rd quarter. First Personal Financial Services now owns 413 shares of the computer hardware maker’s stock worth $72,000 after purchasing an additional 57 shares during the period. Gemmer Asset Management LLC boosted its stake in shares of NVIDIA by 26.1% during the 3rd quarter. Gemmer Asset Management LLC now owns 285 shares of the computer hardware maker’s stock worth $50,000 after acquiring an additional 59 shares during the last quarter. PFG Advisors boosted its stake in shares of NVIDIA by 2.5% during the 3rd quarter. PFG Advisors now owns 2,579 shares of the computer hardware maker’s stock worth $466,000 after acquiring an additional 63 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of NVIDIA by 0.6% during the 2nd quarter. LS Investment Advisors LLC now owns 12,018 shares of the computer hardware maker’s stock worth $1,974,000 after acquiring an additional 66 shares during the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC boosted its stake in shares of NVIDIA by 1.0% during the 2nd quarter. Landsberg Bennett & Dubbaneh LLC now owns 7,160 shares of the computer hardware maker’s stock worth $1,190,000 after acquiring an additional 68 shares during the last quarter. 64.44% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the stock. DZ Bank cut shares of NVIDIA from a “hold” rating to a “sell” rating and set a $158.00 price target on the stock. in a research note on Friday, September 13th. Nomura reiterated a “hold” rating on shares of NVIDIA in a research note on Friday, August 23rd. Sanford C. Bernstein set a $150.00 price target on shares of NVIDIA and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Mizuho reiterated a “buy” rating and set a $185.00 price target (down previously from $192.00) on shares of NVIDIA in a research note on Friday, August 16th. Finally, Needham & Company LLC reiterated a “sell” rating on shares of NVIDIA in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $186.67.

NVDA opened at $190.49 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 7.74 and a current ratio of 8.65. NVIDIA Co. has a fifty-two week low of $124.46 and a fifty-two week high of $242.55. The firm’s fifty day moving average is $178.59 and its 200 day moving average is $168.32. The stock has a market cap of $118.32 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 5.00 and a beta of 2.05.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.37. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm posted $1.94 EPS. NVIDIA’s revenue for the quarter was down 17.4% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Co. will post 4.07 earnings per share for the current year.

In other news, CFO Colette Kress sold 31,357 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $179.01, for a total value of $5,613,216.57. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael G. Mccaffery sold 15,000 shares of the business’s 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 completion of the sale, the director now owns 27,579 shares in the company, valued at $4,577,286.63. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,383 shares of company stock worth $11,625,217. Insiders own 4.64% of the company’s stock.

NVIDIA Company 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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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