Oppenheimer Asset Management Inc. Sells 11,128 Shares of NVIDIA Co. (NASDAQ:NVDA)

Oppenheimer Asset Management Inc. trimmed its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 7.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 141,949 shares of the computer hardware maker’s stock after selling 11,128 shares during the period. NVIDIA comprises 0.9% of Oppenheimer Asset Management Inc.’s investment portfolio, making the stock its 11th biggest position. Oppenheimer Asset Management Inc.’s holdings in NVIDIA were worth $61,746,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in NVIDIA by 3.0% in the second quarter. Geode Capital Management LLC now owns 47,459,414 shares of the computer hardware maker’s stock valued at $20,022,108,000 after acquiring an additional 1,403,401 shares during the last quarter. Morgan Stanley boosted its stake in NVIDIA by 20.2% in the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after acquiring an additional 4,621,002 shares during the last quarter. Norges Bank purchased a new position in NVIDIA in the fourth quarter valued at about $3,900,874,000. Moneta Group Investment Advisors LLC lifted its stake in shares of NVIDIA by 160,446.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after buying an additional 19,574,443 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of NVIDIA by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 13,120,655 shares of the computer hardware maker’s stock valued at $5,550,300,000 after buying an additional 146,334 shares in the last quarter. 64.79% of the stock is owned by institutional investors.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $546.95, for a total value of $19,690,200.00. Following the completion of the sale, the director now directly owns 1,134,583 shares of the company’s stock, valued at approximately $620,560,171.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $546.95, for a total value of $19,690,200.00. Following the completion of the sale, the director now directly owns 1,134,583 shares of the company’s stock, valued at approximately $620,560,171.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 218 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $484.99, for a total transaction of $105,727.82. Following the completion of the sale, the director now directly owns 2,183 shares of the company’s stock, valued at $1,058,733.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 155,216 shares of company stock valued at $79,810,950. Company insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of recent research reports. Tigress Financial upped their price target on shares of NVIDIA from $560.00 to $790.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Truist Financial upped their price target on shares of NVIDIA from $668.00 to $674.00 and gave the company a “buy” rating in a research note on Wednesday, November 22nd. JPMorgan Chase & Co. upped their price target on shares of NVIDIA from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. Raymond James upped their target price on shares of NVIDIA from $600.00 to $700.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. Finally, DA Davidson assumed coverage on shares of NVIDIA in a report on Wednesday, January 3rd. They set a “neutral” rating and a $410.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $616.35.

View Our Latest Stock Report on NVIDIA

NVIDIA Trading Up 3.6 %

Shares of NVDA opened at $721.33 on Monday. The stock has a market capitalization of $1.78 trillion, a P/E ratio of 95.16, a PEG ratio of 2.89 and a beta of 1.69. The company has a quick ratio of 3.06, a current ratio of 3.59 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $545.55 and a two-hundred day simple moving average of $485.68. NVIDIA Co. has a twelve month low of $204.21 and a twelve month high of $721.85.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.03 by $0.99. The business had revenue of $18.12 billion during the quarter, compared to analysts’ expectations of $16.19 billion. NVIDIA had a net margin of 42.10% and a return on equity of 72.28%. The firm’s revenue for the quarter was up 205.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 EPS. On average, research analysts anticipate that NVIDIA Co. will post 11.09 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 6th were given a $0.04 dividend. The ex-dividend date was Tuesday, December 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is 2.11%.

About NVIDIA

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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