S. R. Schill & Associates Takes Position in NVIDIA Co. (NASDAQ:NVDA)

S. R. Schill & Associates bought a new stake in NVIDIA Co. (NASDAQ:NVDA) during the third quarter, HoldingsChannel.com reports. The fund bought 2,109 shares of the computer hardware maker’s stock, valued at approximately $367,000.

Several other hedge funds have also modified their holdings of NVDA. First Personal Financial Services grew its holdings in NVIDIA by 16.0% during the 3rd quarter. First Personal Financial Services now owns 413 shares of the computer hardware maker’s stock valued at $72,000 after purchasing an additional 57 shares in the last quarter. Gemmer Asset Management LLC grew its holdings in NVIDIA by 26.1% during the 3rd quarter. Gemmer Asset Management LLC now owns 285 shares of the computer hardware maker’s stock valued at $50,000 after purchasing an additional 59 shares in the last quarter. PFG Advisors grew its holdings in NVIDIA by 2.5% during the 3rd quarter. PFG Advisors now owns 2,579 shares of the computer hardware maker’s stock valued at $466,000 after purchasing an additional 63 shares in the last quarter. LS Investment Advisors LLC grew its holdings in NVIDIA by 0.6% during the 2nd quarter. LS Investment Advisors LLC now owns 12,018 shares of the computer hardware maker’s stock valued at $1,974,000 after purchasing an additional 66 shares in the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC grew its holdings in NVIDIA by 1.0% during the 2nd quarter. Landsberg Bennett & Dubbaneh LLC now owns 7,160 shares of the computer hardware maker’s stock valued at $1,190,000 after purchasing an additional 68 shares in the last quarter. 64.44% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on NVDA. ValuEngine lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of NVIDIA in a report on Friday, August 16th. DZ Bank lowered shares of NVIDIA from a “hold” rating to a “sell” rating and set a $158.00 price objective for the company. in a report on Friday, September 13th. FBN Securities set a $190.00 price objective on shares of NVIDIA and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Cascend Securities raised their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $187.46.

In related news, Director Persis Drell sold 2,500 shares of NVIDIA stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $167.36, for a total value of $418,400.00. Following the sale, the director now directly owns 18,184 shares in the company, valued at approximately $3,043,274.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 31,357 shares of NVIDIA stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $179.01, for a total transaction of $5,613,216.57. 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.

Shares of NVIDIA stock traded up $1.87 during trading hours on Thursday, reaching $196.96. The company’s stock had a trading volume of 336,845 shares, compared to its average volume of 8,768,939. The company’s 50 day simple moving average is $181.18 and its 200 day simple moving average is $168.55. 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 one year low of $124.46 and a one year high of $222.00. The stock has a market cap of $120.09 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 5.03 and a beta of 2.05.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 last year, the firm posted $1.94 EPS. The company’s revenue for the quarter was down 17.4% on a year-over-year basis. On average, sell-side analysts predict that NVIDIA Co. will post 4.07 earnings per share for the current fiscal year.

About NVIDIA

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.

Recommended Story: What is the outlook for the FAANG stocks?

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).

Institutional Ownership by Quarter for NVIDIA (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.