Winfield Associates Inc. Purchases 9,835 Shares of NVIDIA Co. (NASDAQ:NVDA)

Winfield Associates Inc. grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 292.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,203 shares of the computer hardware maker’s stock after purchasing an additional 9,835 shares during the quarter. NVIDIA makes up about 1.0% of Winfield Associates Inc.’s holdings, making the stock its 28th largest position. Winfield Associates Inc.’s holdings in NVIDIA were worth $2,735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Engine NO. 1 LLC bought a new position in NVIDIA during the second quarter worth about $1,587,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of NVIDIA by 8.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 28,615 shares of the computer hardware maker’s stock worth $22,895,000 after buying an additional 2,170 shares in the last quarter. Fulton Bank N.A. lifted its holdings in shares of NVIDIA by 291.0% in the third quarter. Fulton Bank N.A. now owns 54,154 shares of the computer hardware maker’s stock worth $11,219,000 after buying an additional 40,303 shares in the last quarter. Wall Street Access Asset Management LLC purchased a new stake in shares of NVIDIA in the second quarter worth about $223,000. Finally, Ipswich Investment Management Co. Inc. raised its stake in NVIDIA by 287.5% in the third quarter. Ipswich Investment Management Co. Inc. now owns 17,331 shares of the computer hardware maker’s stock valued at $3,590,000 after purchasing an additional 12,859 shares in the last quarter. Institutional investors own 19.24% of the company’s stock.

In related news, Director Mark A. Stevens sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $342.58, for a total transaction of $19,869,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert K. Burgess sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 13th. The stock was sold at an average price of $208.68, for a total value of $2,086,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 78,000 shares of company stock worth $25,222,940 in the last quarter. Corporate insiders own 4.47% of the company’s stock.

Several research firms have commented on NVDA. JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $220.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 18th. Susquehanna raised their target price on shares of NVIDIA from $250.00 to $360.00 and gave the stock a “positive” rating in a report on Thursday, November 11th. Mizuho increased their price target on shares of NVIDIA from $235.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, November 18th. Needham & Company LLC increased their price target on shares of NVIDIA from $245.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, November 18th. Finally, Wells Fargo & Company increased their price target on shares of NVIDIA from $245.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, November 4th. Three equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $326.78.

NVDA stock traded up $9.28 on Thursday, hitting $326.74. The company had a trading volume of 43,469,906 shares, compared to its average volume of 34,447,004. NVIDIA Co. has a 12-month low of $115.67 and a 12-month high of $346.47. The company has a current ratio of 5.80, a quick ratio of 5.33 and a debt-to-equity ratio of 0.52. The stock’s 50-day simple moving average is $248.30 and its 200 day simple moving average is $210.84. The stock has a market cap of $814.24 billion, a price-to-earnings ratio of 116.48, a P/E/G ratio of 4.45 and a beta of 1.46.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 17th. The computer hardware maker reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.06. NVIDIA had a net margin of 32.33% and a return on equity of 40.88%. During the same period in the previous year, the company earned $0.60 EPS. Research analysts forecast that NVIDIA Co. will post 3.49 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 23rd. Stockholders of record on Thursday, December 2nd will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.05%. The ex-dividend date is Wednesday, December 1st. NVIDIA’s dividend payout ratio is presently 5.70%.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. 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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