Forbes J M & Co. LLP Purchases 182 Shares of NVIDIA Co. (NASDAQ:NVDA)

Forbes J M & Co. LLP lifted its position in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 0.3% during the 4th quarter, HoldingsChannel reports. The firm owned 69,519 shares of the computer hardware maker’s stock after buying an additional 182 shares during the period. NVIDIA comprises about 2.3% of Forbes J M & Co. LLP’s investment portfolio, making the stock its 11th biggest position. Forbes J M & Co. LLP’s holdings in NVIDIA were worth $20,446,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. Geode Capital Management LLC increased its stake in NVIDIA by 310.0% in the third quarter. Geode Capital Management LLC now owns 40,382,672 shares of the computer hardware maker’s stock valued at $8,342,531,000 after acquiring an additional 30,532,187 shares during the last quarter. Northern Trust Corp increased its stake in NVIDIA by 0.3% in the fourth quarter. Northern Trust Corp now owns 28,364,911 shares of the computer hardware maker’s stock valued at $8,342,404,000 after acquiring an additional 88,332 shares during the last quarter. Bank of New York Mellon Corp increased its stake in NVIDIA by 294.8% in the third quarter. Bank of New York Mellon Corp now owns 24,476,208 shares of the computer hardware maker’s stock valued at $5,070,488,000 after acquiring an additional 18,277,063 shares during the last quarter. Morgan Stanley increased its stake in NVIDIA by 295.5% in the third quarter. Morgan Stanley now owns 18,498,150 shares of the computer hardware maker’s stock valued at $3,832,078,000 after acquiring an additional 13,821,357 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in NVIDIA by 288.1% in the third quarter. Janus Henderson Group PLC now owns 17,832,017 shares of the computer hardware maker’s stock valued at $3,694,005,000 after acquiring an additional 13,237,122 shares during the last quarter. 55.19% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:NVDA traded up $1.86 during trading hours on Thursday, reaching $171.24. The company had a trading volume of 62,025,006 shares, compared to its average volume of 54,972,938. The company has a current ratio of 6.65, a quick ratio of 6.05 and a debt-to-equity ratio of 0.41. NVIDIA Co. has a 52 week low of $142.71 and a 52 week high of $346.47. The firm has a market cap of $498.78 billion, a price-to-earnings ratio of 44.51, a PEG ratio of 2.18 and a beta of 1.59. The firm’s 50 day moving average price is $222.01 and its 200-day moving average price is $255.96.

NVIDIA (NASDAQ:NVDAGet Rating) last announced its earnings results on Wednesday, February 16th. The computer hardware maker reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.13. The business had revenue of $7.64 billion for the quarter, compared to analysts’ expectations of $7.43 billion. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. The business’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same period last year, the firm posted $0.64 earnings per share. On average, analysts forecast that NVIDIA Co. will post 4.71 earnings per share for the current fiscal year.

In other news, Director Mark L. Perry sold 16,716 shares of NVIDIA stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $263.80, for a total transaction of $4,409,680.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 292,340 shares of NVIDIA stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $237.12, for a total value of $69,319,660.80. The disclosure for this sale can be found here. Insiders sold 409,056 shares of company stock worth $101,135,342 over the last three months. Insiders own 4.47% of the company’s stock.

A number of research firms recently commented on NVDA. The Goldman Sachs Group began coverage on NVIDIA in a research note on Monday, March 7th. They issued a “neutral” rating and a $245.00 target price on the stock. Cowen restated an “outperform” rating and set a $350.00 price target on shares of NVIDIA in a research report on Tuesday, March 15th. Truist Financial cut their price target on shares of NVIDIA from $347.00 to $298.00 in a research report on Friday, April 8th. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 17th. Finally, KeyCorp cut their price target on shares of NVIDIA from $350.00 to $310.00 and set an “overweight” rating for the company in a research report on Tuesday, April 12th. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $315.12.

NVIDIA Company Profile (Get Rating)

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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