NVIDIA Co. (NASDAQ:NVDA) Stock Position Raised by Boston Private Wealth LLC

Boston Private Wealth LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,602 shares of the computer hardware maker’s stock after acquiring an additional 234 shares during the quarter. Boston Private Wealth LLC’s holdings in NVIDIA were worth $627,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacific Center for Financial Services boosted its position in shares of NVIDIA by 143.1% in the second quarter. Pacific Center for Financial Services now owns 158 shares of the computer hardware maker’s stock worth $26,000 after buying an additional 93 shares during the period. LLBH Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the second quarter worth $27,000. Marquette Asset Management LLC raised its holdings in shares of NVIDIA by 416.7% during the third quarter. Marquette Asset Management LLC now owns 155 shares of the computer hardware maker’s stock worth $27,000 after acquiring an additional 125 shares in the last quarter. Field & Main Bank purchased a new stake in shares of NVIDIA during the second quarter worth $33,000. Finally, Investors Research Corp raised its holdings in shares of NVIDIA by 313.0% during the third quarter. Investors Research Corp now owns 190 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 144 shares in the last quarter. 64.45% of the stock is owned by institutional investors and hedge funds.

NVIDIA stock opened at $207.78 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 7.74 and a current ratio of 8.65. The business’s 50-day simple moving average is $189.47 and its 200-day simple moving average is $169.78. The firm has a market capitalization of $127.65 billion, a PE ratio of 34.23, a PEG ratio of 5.39 and a beta of 2.06. NVIDIA Co. has a 52 week low of $124.46 and a 52 week high of $211.70.

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

Several analysts recently issued reports on NVDA shares. Barclays cut their price objective on NVIDIA from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Friday, August 16th. SunTrust Banks increased their price objective on NVIDIA from $210.00 to $216.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Morgan Stanley reiterated an “equal weight” rating and set a $180.00 price objective (up from $170.00) on shares of NVIDIA in a report on Friday, August 16th. Piper Jaffray Companies set a $200.00 price objective on NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Evercore ISI increased their price objective on NVIDIA from $185.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $189.15.

In other news, CFO Colette Kress sold 31,357 shares of NVIDIA stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $179.01, for a total value of $5,613,216.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dawn E. Hudson sold 5,000 shares of NVIDIA stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the transaction, the director now owns 36,037 shares in the company, valued at $6,188,634.01. The disclosure for this sale can be found here. Insiders sold 66,383 shares of company stock worth $11,625,217 over the last quarter. 4.64% of the stock is currently owned by corporate insiders.

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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