Stanley Laman Group Ltd. Has $14.74 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Stanley Laman Group Ltd. boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,229 shares of the computer hardware maker’s stock after purchasing an additional 75 shares during the period. NVIDIA comprises about 2.6% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its biggest position. Stanley Laman Group Ltd.’s holdings in NVIDIA were worth $14,741,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. PrairieView Partners LLC bought a new position in NVIDIA during the 4th quarter valued at about $26,000. NewSquare Capital LLC bought a new position in NVIDIA during the 3rd quarter valued at about $32,000. Cedar Mountain Advisors LLC bought a new position in NVIDIA during the 4th quarter valued at about $34,000. CVA Family Office LLC bought a new position in shares of NVIDIA in the third quarter worth about $40,000. Finally, Your Advocates Ltd. LLP bought a new position in shares of NVIDIA in the third quarter worth about $42,000. 65.70% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages have weighed in on NVDA. BMO Capital Markets boosted their target price on shares of NVIDIA from $650.00 to $680.00 and gave the stock an “outperform” rating in a research note on Monday. Raymond James boosted their target price on shares of NVIDIA from $550.00 to $600.00 and gave the stock an “outperform” rating in a research note on Thursday, November 19th. Barclays boosted their target price on shares of NVIDIA from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 26th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft boosted their target price on shares of NVIDIA from $515.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Mizuho lifted their price target on shares of NVIDIA from $575.00 to $605.00 and gave the stock a “buy” rating in a research report on Thursday, November 19th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $566.49.

In other news, Director A Brooke Seawell sold 356 shares of the stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $540.52, for a total transaction of $192,425.12. Following the completion of the sale, the director now owns 356 shares of the company’s stock, valued at $192,425.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Dabiri sold 185 shares of the stock in a transaction on Wednesday, December 23rd. The stock was sold at an average price of $529.85, for a total transaction of $98,022.25. Following the sale, the director now directly owns 1,251 shares of the company’s stock, valued at approximately $662,842.35. The disclosure for this sale can be found here. Insiders have sold 4,824 shares of company stock valued at $2,587,435 in the last three months. 4.47% of the stock is owned by insiders.

Shares of NVDA stock traded down $15.23 during trading hours on Tuesday, hitting $559.00. 245,517 shares of the company were exchanged, compared to its average volume of 7,845,163. The business has a 50 day moving average of $550.24 and a two-hundred day moving average of $528.47. The company has a current ratio of 3.92, a quick ratio of 3.52 and a debt-to-equity ratio of 0.39. NVIDIA Co. has a 52 week low of $180.68 and a 52 week high of $614.90. The company has a market capitalization of $346.02 billion, a PE ratio of 92.14, a PEG ratio of 3.87 and a beta of 1.45.

NVIDIA Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in 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 gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.

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