NVIDIA Co. (NVDA) Stake Boosted by American Research & Management Co.

American Research & Management Co. grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 30.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,491 shares of the computer hardware maker’s stock after buying an additional 4,976 shares during the period. NVIDIA accounts for approximately 1.1% of American Research & Management Co.’s holdings, making the stock its 28th biggest position. American Research & Management Co.’s holdings in NVIDIA were worth $3,859,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NVDA. Vanguard Group Inc. boosted its stake in NVIDIA by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 44,464,641 shares of the computer hardware maker’s stock worth $12,495,455,000 after purchasing an additional 1,693,736 shares in the last quarter. Vanguard Group Inc increased its stake in NVIDIA by 4.0% in the 3rd quarter. Vanguard Group Inc now owns 44,464,641 shares of the computer hardware maker’s stock valued at $12,495,455,000 after purchasing an additional 1,693,736 shares in the last quarter. BlackRock Inc. increased its stake in NVIDIA by 1.0% in the 4th quarter. BlackRock Inc. now owns 39,307,194 shares of the computer hardware maker’s stock valued at $5,247,509,000 after purchasing an additional 378,149 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in NVIDIA by 8,687.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,509,787 shares of the computer hardware maker’s stock valued at $161,000 after purchasing an additional 21,265,009 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in NVIDIA by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,129,007 shares of the computer hardware maker’s stock valued at $1,083,400,000 after purchasing an additional 266,779 shares in the last quarter. Hedge funds and other institutional investors own 70.17% of the company’s stock.

In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total value of $1,077,255.00. Following the completion of the sale, the executive vice president now directly owns 171,783 shares in the company, valued at $31,779,855. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 14,092 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $183.33, for a total value of $2,583,486.36. The disclosure for this sale can be found here. Insiders sold 20,029 shares of company stock valued at $3,678,385 over the last 90 days. 4.64% of the stock is currently owned by insiders.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised NVIDIA from a “strong sell” rating to a “hold” rating in a research report on Monday, April 1st. ValuEngine raised NVIDIA from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Oppenheimer reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of NVIDIA in a research report on Wednesday, January 9th. TheStreet upgraded NVIDIA from a “c+” rating to a “b-” rating in a report on Thursday, April 4th. Finally, Needham & Company LLC reiterated a “sell” rating on shares of NVIDIA in a report on Tuesday, March 12th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $204.46.

Shares of NASDAQ NVDA traded down $3.73 during midday trading on Thursday, hitting $170.19. 15,623,296 shares of the company’s stock were exchanged, compared to its average volume of 14,875,381. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21. The company has a market cap of $111.36 billion, a PE ratio of 28.04, a P/E/G ratio of 4.42 and a beta of 1.85. NVIDIA Co. has a twelve month low of $124.46 and a twelve month high of $292.76.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.27. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The business’s revenue was down 24.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 earnings per share. Sell-side analysts forecast that NVIDIA Co. will post 4.46 earnings per share for the current fiscal year.

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About NVIDIA

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 game-streaming service; 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 cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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